Real-Time Nifty Trades on 31/07/2013

Jul 31, 2013 8:30 AM
51 Comments
31/07/2013 09:15  Trend: Negative, SL: 5787.09
31/07/2013 09:20  SL Trailed: 5743.06
31/07/2013 09:30  SL Trailed: 5736.44
31/07/2013 09:35  SL Trailed: 5726.01
31/07/2013 09:40  SL Trailed: 5715.99
31/07/2013 10:15  Sell near 5692.99-5688.40, Target: 5647.01, SL: 5715.99
31/07/2013 10:30  Caution: Exit Shorts near 5692.99-5688.40, SL: 5715.99
31/07/2013 01:50  SL Triggered, Trend: Positive, SL: 5686.87
31/07/2013 02:00  SL Trailed: 5697.13
31/07/2013 02:10  SL Trailed: 5701.25
31/07/2013 02:20  Buy near 5724.69-5729.38, Target: 5771.56, SL: 5701.25

NiftyIntraday31072013

Auto Channels 5-min Chart of Nifty with Automated Trade Signals

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  1. Auto ChannelsJuly 31, 2013 at 9:17 AM

    Intraday Pivots for today: 5706.67, 5749.40, 5792.13

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  2. Nagaraj HegdeJuly 31, 2013 at 9:35 AM

    GOOD MORNING SR.

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  3. Auto ChannelsJuly 31, 2013 at 9:36 AM

    Below 5706.67, Next supports: 5663.94, 5621.21

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  4. Auto ChannelsJuly 31, 2013 at 9:36 AM

    @Nagaraj hegde Good Morning

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  5. Nagaraj HegdeJuly 31, 2013 at 9:38 AM

    SR - Pls suggest on Airtel. Holding 300 put. Its showing strength in this market.

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  6. Kris hnaJuly 31, 2013 at 9:39 AM

    Hi SR, Good morning
    For the last 6 days, the market is falling down like a London bridge

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  7. Auto ChannelsJuly 31, 2013 at 9:42 AM

    Its may see some short covering following results.

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  8. Auto ChannelsJuly 31, 2013 at 9:42 AM

    @Kris hna Good Morning. Yes, :)

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  9. Kris hnaJuly 31, 2013 at 9:46 AM

    Sir, is there any chance to bounce back today or to test 5600 level?

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  10. Ravichandran RanganathanJuly 31, 2013 at 9:51 AM

    HI good morning to all...can enter 6000 CE or wait for dip....thanks...have a good day.....:)

    ReplyDelete
  11. Auto ChannelsJuly 31, 2013 at 9:52 AM

    Seems weak below 5706.

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  12. Auto ChannelsJuly 31, 2013 at 9:53 AM

    @Guest Good Morning. Don't enter fresh CEs as yet. Have a nice day you too.

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  13. Ravichandran RanganathanJuly 31, 2013 at 9:54 AM

    Ok...thanks sir....

    ReplyDelete
  14. Kris hnaJuly 31, 2013 at 9:56 AM

    CEs can be entered above 5706 or breaking TSL 5716?

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  15. Nagaraj HegdeJuly 31, 2013 at 10:01 AM

    Thanks SR. It's now 14 points up. Out from 300 put in time. Though missed good profit.

    ReplyDelete
  16. Auto ChannelsJuly 31, 2013 at 10:11 AM

    As of now, short on rise near 5707 with SL of 5716

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  17. Debajit BasuJuly 31, 2013 at 10:23 AM

    GD MRNG...SR. Pls suggest ur view about SBIN and WIPRO ?

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  18. Auto ChannelsJuly 31, 2013 at 10:29 AM

    Good Morning. SBIN looks weak. Support at 1651, WIPRO looks good can see 430

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  19. Debajit BasuJuly 31, 2013 at 11:23 AM

    Nice, wipro hit the target price. Thanks

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  20. Kris hnaJuly 31, 2013 at 12:25 PM

    Shorted Nifty keeping 5716 as SL, whats now?

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  21. Auto ChannelsJuly 31, 2013 at 12:28 PM

    Ok hold with same SL.

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  22. Kris hnaJuly 31, 2013 at 1:40 PM

    Sir, whether consolidation is taking place or to break SL in upward direction

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  23. Auto ChannelsJuly 31, 2013 at 1:43 PM

    Yes, seems likely closing above 5706

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  24. Paritosh GuptaJuly 31, 2013 at 2:08 PM

    Holding calls since 5690. Not getting ample returns as the VIX falls :(

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  25. Auto ChannelsJuly 31, 2013 at 2:19 PM

    That's always the problem with calls. Calls decay faster than puts. As price rises, Vix goes down decaying the calls. Puts are always favourable. :)

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  26. Auto ChannelsJuly 31, 2013 at 2:24 PM

    If Nifty closes above 5736, may expect a pullback rally to 6004. SL: today's low.

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  27. Auto ChannelsJuly 31, 2013 at 2:30 PM

    Had sold earlier holding of 5800PE at 152. covered it back at 120 :)

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  28. Paritosh GuptaJuly 31, 2013 at 2:50 PM

    i dont have enough margins to write puts

    ReplyDelete
  29. Auto ChannelsJuly 31, 2013 at 2:57 PM

    I don't write much puts either. I hold straddles and strangles. I randomly book part profits on rise and cover them later on dips. :)

    ReplyDelete
  30. Paritosh GuptaJuly 31, 2013 at 3:08 PM

    hopefully this is a start of a rally...

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  31. Auto ChannelsJuly 31, 2013 at 3:10 PM

    Confirmation above 5750 (Spot), 5792 (futures)

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  32. SundarJuly 31, 2013 at 3:15 PM

    Sir,
    Your view on ITC there was a sharp reversal.

    ReplyDelete
  33. Auto ChannelsJuly 31, 2013 at 3:21 PM

    Buy 375CE on dips and hold it for targets 375, 395.

    ReplyDelete
  34. SAIJuly 31, 2013 at 3:27 PM

    HI SUNILJI GA - MISSED TO ENTER. NOT IN A MOOD. MY FRND COMMITTED SUICIDE. FAMILY PROB. POOR FELLOW........

    ReplyDelete
  35. Paritosh GuptaJuly 31, 2013 at 3:31 PM

    Aww... His Soul... RIP

    ReplyDelete
  36. Auto ChannelsJuly 31, 2013 at 3:32 PM

    @SAI, GA. Sorry to hear about your friend. Take care

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  37. Paritosh GuptaJuly 31, 2013 at 3:32 PM

    Nifty closed above 5736 as per your instructions. What'd you say..??

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  38. Auto ChannelsJuly 31, 2013 at 3:33 PM

    Rally to 6004 :)

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  39. Auto ChannelsJuly 31, 2013 at 3:36 PM

    Nifty held onto mid-term support of 5736 forming an inverted hammer. Its most likely to bounce back from here

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  40. Auto ChannelsJuly 31, 2013 at 3:40 PM

    I still am very bullish on Nifty for near term and am expecting 6900 by Diwali. US markets are consolidating after a lifetime breakout above previous highs for almost a month now. Its likely awaiting a trigger to start a global rally. May be FED's statement today could be the trigger.

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  41. Paritosh GuptaJuly 31, 2013 at 3:51 PM

    Lets hammer the bears :)

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  42. craftyniftyJuly 31, 2013 at 4:03 PM

    nifty to hammer bulls by testing 5400 in 1-2 weeks. this is only a simple short covering bounce.

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  43. craftyniftyJuly 31, 2013 at 4:05 PM

    heyy guys, dont get fooled this is only a small short covering bounce.
    nifty is set for a free fall and the targets on downside are 5400-5300-5200 and even 5000 is possible by next month.
    mind it :)

    ReplyDelete
  44. craftyniftyJuly 31, 2013 at 4:13 PM

    Hey SR. hope you are doing good.
    i am facing a small problem here,after registering on AC site disqus is still asking to enter e-mail and name to post my comment. earlier it was fine..

    ReplyDelete
  45. Auto ChannelsJuly 31, 2013 at 4:19 PM

    Yes, I'm doing fine. Hope the same with you. Disqus is a third-party commenting system and needs its own authentication. Cookies have expiration set to 30 days. It should again work fine for next 30 days.

    ReplyDelete
  46. Auto ChannelsJuly 31, 2013 at 4:25 PM

    @craftynifty Nifty is forming a very long term accumulation pattern since 2007. Accumulation patterns generally break upwards. Nifty needs a monthly close above 6140 to start a rally. However if the accumulation trend-line is breached (very unlikely), Nifty will head down to 2500 levels once again.

    ReplyDelete
  47. Auto ChannelsJuly 31, 2013 at 4:28 PM

    @craftynifty Nifty is forming a very long term accumulation pattern since 2007-08. Accumulation patterns generally break upwards. Nifty needs a monthly close above 6140 to start a rally. However if the accumulation trend-line is breached (very unlikely), Nifty will head down to 2500 levels once again.

    ReplyDelete
  48. Murali MJuly 31, 2013 at 4:37 PM

    HI SR sir,

    nifty closed above 5736 in spot..... now shall i buy call options tomoro in the opening or wait..... i think today FED meeting outcome is there.... how about that and as you mentioned in one of the post replies shall i buy ITC 375 CE trading at 1.90 for a target of 10 in this series sir.......

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  49. Auto ChannelsJuly 31, 2013 at 4:46 PM

    @Guest yes, can go long in Nifty above 5750 for targets for 5877, 6004. ITC 375CE can be bought on dips. If FED meeting is favourable, we may see a run-away rally tomorrow.

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  50. craftyniftyJuly 31, 2013 at 5:56 PM

    Hey SR.
    I agree with what ever you said by showing the charts clearly which is very appreciable. Yes technically nifty is in strong uptrend but when you look in to domestic conditions like rupee fall, indian 10-5 yr bond yields rise, rising CAD and FIIS pullout of indian market as dowjones is doing well and investing that amount in their own market. AND selling US treasury bonds and pmping more liquidity in to US market may take dowjones to 16000-18000 by 2014.
    But coming to indian there is quite a jeopardy situation in all aspects. Thats why i am assuming 5200 minimum target before reaching previous highs.
    now see rupee also likely to fall up to 63 vs dollar and today it made high of 61.90 even after RBI taking measures to control it
    No offense and i truly admire your analysis and unique trading skills.
    Just shared my opinion :)
    Have nice evening SR and AC followers

    ReplyDelete
  51. Auto ChannelsJuly 31, 2013 at 6:45 PM

    @craftynifty If US markets give a breakout, it will lead a global rally and our markets will follow suit. If you look at our markets, our markets have been digesting all negatives. Nifty was below 5500 when dollar-rupee had made previous high and Nifty is above 5700 today at similar levels. Its at these times of jeopardy when markets breakout into new highs on a small trigger. Our GDP is much better than US and Europe and there is no reason for our markets to stay behind in case of a global rally.
    Have a nice evening you too. :)

    ReplyDelete

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