13/06/2013 09:15 Trend: Negative, SL: 5786.67
13/06/2013 09:20 SL Trailed: 5736.41
13/06/2013 10:00 Caution: Exit Shorts near 5712.16-5707.30, SL: 5736.41
13/06/2013 10:55 SL Trailed: 5733.10
13/06/2013 11:05 SL Trailed: 5731.13
13/06/2013 11:15 Sell near 5706.61-5701.71, Target: 5657.57, SL: 5731.13
13/06/2013 11:35 SL Trailed: 5726.12
13/06/2013 11:45 Sell near 5701.64-5696.74, Target: 5652.68, SL: 5726.12
13/06/2013 12:50 Caution: Exit Shorts near 5701.64-5696.74, SL: 5726.12

13/06/2013 09:20 SL Trailed: 5736.41
13/06/2013 10:00 Caution: Exit Shorts near 5712.16-5707.30, SL: 5736.41
13/06/2013 10:55 SL Trailed: 5733.10
13/06/2013 11:05 SL Trailed: 5731.13
13/06/2013 11:15 Sell near 5706.61-5701.71, Target: 5657.57, SL: 5731.13
13/06/2013 11:35 SL Trailed: 5726.12
13/06/2013 11:45 Sell near 5701.64-5696.74, Target: 5652.68, SL: 5726.12
13/06/2013 12:50 Caution: Exit Shorts near 5701.64-5696.74, SL: 5726.12
Good Morning Sir . I am holding 6 lots of 5700 PEs (@ 60 each) , 4 lots of 6000 CEs (@ 24 each) and 1 lot of 5900 CE (@ 38) . Please advice shall I book profit in PEs at opening or keep some Trailing SL for PEs on Nifty Spot .
ReplyDeleteSunil sir,
ReplyDeleteGood morning..
i don't have any positions..should i considering entering 5700PE at opening
Good Morning. Book 66% profits in PEs at opening.
ReplyDeleteGood Morning. Don't enter shorts at opening.
ReplyDeleteOk Sir , that means I need to sell 4 lots of 5700 PEs at opening .
ReplyDeleteyes.
ReplyDeleteReduce PEs to 1 units near our target of 5709.63 at opening.
ReplyDeleteGood Morning Sir.. Happy trading :)
ReplyDelete@shashi Good Morning. Thanks and you too. :)
ReplyDeleteTarget of 5709.63 achieved. PEs reduced to 1 unit.
ReplyDeleteSunil,
ReplyDeleteShall we enter for CE's?
Not yet. We will enter fresh long only if we see a close on a positive note on day-end.
ReplyDeleteNext target for PEs 5658.79
ReplyDeleteSir, I was holding only 1 PE which I booked in the morning. Shall I reenter PE for the next target.
ReplyDelete@shashi, we never completely exit our positions, we just keep reducing it. If you were holding 5700PE, switch to 5600PE and continue to hold.
ReplyDeleteNifty may trade flat today in the range of 5697-5737. Hold remaining positions.
ReplyDeleteFine , will follow that.
ReplyDeleteGood Morning.
ReplyDelete@Nagaraj hegde Good Morning
ReplyDeleteSir , Thanks a lot . I booked profit in 4 lots of 5700 PEs . Now I am holding 2 lots of 5700 PEs , 4 lots of 6000 CEs and 1 lot of 6000 CE. Shall I shift my 5700 PEs (2 lots ) to 3 lots of 5600 PEs.
ReplyDeleteSR - TM broke down. What can we expect from this counter? 260?
ReplyDeleteMost Welcome. Can switch to 5600PE. Reduce position again only at next target of 5658.79.
ReplyDeleteIts holding to support at 285. If broken, can test next target of 279.5
ReplyDeleteOk Sir , I exited 2 lots of 5700 PEs and bought 2 lots of 5600 PEs . Do I need to add 2 more lots of 5600 PEs.
ReplyDeleteFirst fix your unit price and then buy PEs to fit 1 unit. As per your previous position of 6 lots of 5700PE, you need to add more of 5600PE.
ReplyDeleteSR - Is this the good level to short nifty?
ReplyDeleteHi Sunilji, Good Morning :) booked in 5800pe thanks :) holding 5700 pe. shall i add 5600 pe one to this
ReplyDeleteNo, Today shorting level is high at 5772.22. Only if we bounce back to those levels, do we add fresh shorts.
ReplyDeleteGood Morning. Most Welcome. Fix your unit size and rivise position of PEs to 1 unit
ReplyDeleteOk. Thank you SR.
ReplyDeleteOK. yes done
ReplyDeleteGM SR>> PE position already revised, now need to change CE position also ?Presently holding 6000CE, should I convert it to 5900CE ?
ReplyDelete@Guest GM, We will not revise CEs till we get a positive signal.
ReplyDelete5658 is a mojor support on monthly charts from where we may see a sharp pullback. Don't hurry to exit shorts or add longs near 5658. We will follow our system and reduce positions at target. We will only add CEs if we get a close on a positive note.
ReplyDeleteOk Sir ,
ReplyDeleteBut i holding 6100 CE @ 16 rs , shall i exit here? and re- enter 5660 -5665 again?
Note: you have already lost 65-70% in your 6100CE. What's the point exiting now. Let it fall by another 10-15%. Your PEs will cover more than this loss. However, If we see a pullback, these will again regain your price and may be even higher. :)
ReplyDeleteHello Sunil Sir, Can I buy some PEs on small bounce?
ReplyDelete@Abhi The entry level for PEs today will be at 5772.22.
ReplyDeleteOkay sir. Will wait for that level. Thanks!!
ReplyDeleteTHEN WILL NIFTY COME DOWN AGAIN. SHALL WE WAIT. DONT WANT TO LOOSE MY PROFITS TAKEN IN THE MORNING
ReplyDeleteIf you have reduced your position, you have already booked part profits. Hold the rest till day-end.
ReplyDeleteYA OK WL WAIT
ReplyDeleteSR - Bought Bank Nifty @ 11765 and sold @ 11800. Good enough for intraday right?
ReplyDeleteGood enough as long as you book profits. :) However considering the volatility in BNF, its a very small move.
ReplyDelete:). Will request for levels from you and start trading this kind of small trades every day.
ReplyDeleteToo boring....
ReplyDeletehmmm...
ReplyDeletekya karoon
ReplyDeleteSunilji shall hold PEs for tomorrow, Thanks
ReplyDeleteWill post status at 3:25pm.
ReplyDeleteHold 1 unit of PEs. Target: 5647.78.
ReplyDeleteAdd-on Level for tomorrow: At or above 5711.43
For add-ons and fresh entries tomorrow, make sure to revise your CEs to 1 unit as well.
ok done with your calculations. Bye
ReplyDeleteBye. Take Care.
ReplyDeleteThanks. Most likely this is the last leg of the fall. Auto Channels target for tomorrow is 5647.78. We may likely see a bounce next week as Nifty is near strong monthly and weekly supports leading Nifty back to 5830-70 levels before expiry.
ReplyDeleteSir can i make fresh entries tommorow ?? I do not hold any unit at present as was first understanding the concept of units from your previous posts..can i buy 1 unit of pes at 5711 and 1 level of ces?? Or do i need to buy 2 units of PE??
ReplyDelete@nishant As of now trend is negative, as such we need to buy 2 units of PEs and 1 unit of CEs (as hedge). However, technically this may be the last leg of the fall tomorrow and a pullback is highly probable. As such keep your unit size low for now and revise your unit size once a trend reversal is confirmed. All the best.
ReplyDeleteThanks for detailed reply. you possess great knowledge and enormous patience to clarify every doubt in detail without any confusion. Your analysis is like throwing open challenge in market by predicting future movement very earlier. luv your way.good going
ReplyDeleteHave nice evening sr and ac followers.
Thanks for your kind comments. Have a nice evening you too.
ReplyDeleteHi sr,
ReplyDeleteGood prediction on nifty.Thumbs up. my calls hit sl today.looking to buy puts tomor on bounce for target of 5600. what is your opinion and where do you think june series may end?
GA, Nifty opened gap-down and will have a tendency to re-test yesterday's close to fill the gap. However global cues are weak forcing pressure on Nifty. That's the reason for the consolidation.
ReplyDeleteHi Sunilji, GA, is nifty consolidating for a big move ??
ReplyDelete