08/08/2013 09:15 Trend: Negative, SL: 5554.09
08/08/2013 09:45 Caution: Exit Shorts near 5525.25-5519.49, SL: 5554.09
08/08/2013 12:40 SL Triggered, Trend: Positive, SL: 5515.11
08/08/2013 12:50 Buy near 5543.51-5549.19, Target: 5600.31, SL: 5515.11
08/08/2013 01:25 SL Trailed: 5521.96
08/08/2013 02:10 Buy near 5550.33-5556.00, Target: 5607.07, SL: 5521.96
08/08/2013 03:00 SL Trailed: 5528.44
08/08/2013 03:10 Buy near 5556.63-5562.27, Target: 5613.02, SL: 5528.44
08/08/2013 09:45 Caution: Exit Shorts near 5525.25-5519.49, SL: 5554.09
08/08/2013 12:40 SL Triggered, Trend: Positive, SL: 5515.11
08/08/2013 12:50 Buy near 5543.51-5549.19, Target: 5600.31, SL: 5515.11
08/08/2013 01:25 SL Trailed: 5521.96
08/08/2013 02:10 Buy near 5550.33-5556.00, Target: 5607.07, SL: 5521.96
08/08/2013 03:00 SL Trailed: 5528.44
08/08/2013 03:10 Buy near 5556.63-5562.27, Target: 5613.02, SL: 5528.44
Good morning SR and AC followers :)
ReplyDelete@Crafty nifty Good Morning :)
ReplyDeleteIntraday Pivots for Nifty: 5433.51, 5477.38, 5521.25, 5565.12, 5608.99
ReplyDeleteSir,
ReplyDeleteGM. Any levels for Tata Motors.
Do you expect a pull back from 5500 levels today ? or downfall towards 5300 ? kindly share your thoughts.Thanks
ReplyDeleteGM, Supp: 284.8, Res, 296.2
ReplyDeleteThanks Sir.
ReplyDeleteGOOD MORNING...
ReplyDelete@Nagaraj hegde Good Morning. :)
ReplyDeleteSunilji Good Morning
ReplyDelete@Sundar
ReplyDeleterupee vs dollar made a high of 61.39 today. If moves above 61.50 or yesterday's high 61.80 then selling pressure is expected in our market. If it recovers below 61 then some bounce is very likely. Nifty has some support at 5505-5490 if breaks, then next support comes at 5430,5390.
Due to high vix more volatility is seen in nifty in coming days.
@SAI Good Morning
ReplyDeletehi SR,
ReplyDeleteshorted nf at 5557, sl 5566
below 5521 spot, can see down ??
If Nifty breaks below 5521.25 (5-min closing), may short Nifty in small qty for target of 5477.38, SL:5532.22 (5-min closing)
ReplyDeletebook part near 5533 (futures) if struggles near that level, else book near 5510 (futures).
ReplyDeleteJi yr view on M&M pls
ReplyDeleteExit shorts if entered.
ReplyDeleteIs moderately positive today. support: 848.5, Res: 864.5
ReplyDeletePLS GIVE SUPPORT & RES FOR AXIS BANK
ReplyDeletePivot: 1077.5, S: 1054, R: 1100
ReplyDeleteITS NEAR PIVOT FROM MORNING....... WHAT ABT RELIANCE
ReplyDeleteGood Morning Sirji !
ReplyDeleteOur intraday trade is not active yet.Shall we enter at higher level?
Yes, trading directionless. Reliance: P:868, R:881, S:855
ReplyDeleteOK THANKS HV TO WAIT I THINK
ReplyDeleteGood Morning. Entering at higher level may not yield good risk/reward ratio. But may be enter in small qty and add more on a dip. If Nifty sees a short covering rally, may head to 5608 (5642 futures).
ReplyDeleteOk.Waiting sounds good :)
ReplyDeleteSCALPING...
ReplyDeleteWhat a flash!
ReplyDeleteHad put a buy order for 5700PE at 156 below day's low of 157 to hedge my Nifty futures positions. And suddenly my trade got executed even with Nifty moving down. It made a new low of 155!!!
i am constantly buying 5400 PE @42 and selling at 44, 4 lots at a time so that gives me 400 rs profit per trade... already done thrice...
ReplyDelete:)
ReplyDeleteAxis went upto 1079.......now downnn
ReplyDeleteIn fact I always keep buy orders placed below day's low with a minor SL if it near major support / resistance level. Yesterday just before day-end, I managed to buy Nifty futures at 5534 and hedged it with 5600PE at 139.
ReplyDeleteHas support at 1054, should likely hold to it.
ReplyDeletePositionally, 5520-22 level will act as strong support for now and 5607-09 will act as very strong resistance as both 200-days AC pivots and 5-min AC charts indicate same levels. Breakout of this range will generate another 90-100 points move.
ReplyDeleteSR - Hope nifty will breakout above 5610 on Monday. It can happen if SBI comes out with good result. Hope to see nifty touching 5900 at least in next two weeks.
ReplyDeleteTargeting 5900 is still far. Technically, Nifty would retest 5520 levels even after testing 5610 and then will decide direction. It should stay in this range for a couple of days.
ReplyDeleteSR - Is nifty forming bullish flag in 5 mins chart? Can we expect another 35 - 40 points above 5570 (5mins close)?
ReplyDeleteHHmm
ReplyDeleteNo sign of a bullish flag as yet. It has made a double top at the pivot level 5565.12. If broken, can head ahead to 5598-5609.
ReplyDeleteHHmm Thank you.. Tata Steel broke out... Please let me know the target...
ReplyDeleteSupport: 215.5, Targets: 221.5, 227.5
ReplyDeleteThanks SR...
ReplyDeleteNifty is now forming an ascending triangle which may likely breakout.
ReplyDeleteAre you considering this from 13:25 hrs candle?
ReplyDeletelooking at the triangle from 13:45 to 14:55
ReplyDeleteHhmm Broke out now...
ReplyDeleteSR - Tata Steel your first target achieved...:)
ReplyDeleteSir,
ReplyDeleteSmall doubt. Can't we place buy order for Call / put between 09.00 hrs - 09.15 hrs.
yes, just last few mins :)
ReplyDeleteNo, But you can place after market orders (AMO) in advance as per your broker. With Zerodha, I'm able to place AMO even upto 9:15hrs. These :)
ReplyDeleteWhere we can get the details of FII, Institutional buy / sell orders (stock specific)
ReplyDeleteNot sure where to get it live, but you can get details on moneycontrol.com after market hours.
ReplyDeleteSir,
ReplyDeleteCant we follow the same system in Cash market by placing buy order at Support level and place sell order at Resistance level at AMO.
because huge institutional orders are executed at that hour.
ReplyDeleteRupee vs dollar recovered and made a low of 60.88, so nifty is trading 40 points+. if rupee strengthens further and if nifty takes this support of 5505-5475 seriously, it can bounce to 5750 in coming days or if 5470 is taken out then thats it, next target is 5230. i am strongly expecting a bounce but not sure whether this happens before filling the earlier gap of 5518-5435 and 5300-5230.
ReplyDeleteWhy i am expecting 5230 is because, nifty since september 2012 fell down and attempted to fill this gap 4 times but failed and this is the 5th time nifty trying to do it once again in 1 year but eventually bank nifty has filled 3 gaps of 10796-10640, 10400-10200 and 10000-9890 recently.
So i am expecting the nifty also to do so and if you once compare the nifty and banknifty chart you will notice that according to banknifty index, nifty must be trading around 5200-5100 but nifty is at 5565, means another 300 points fall is on the cards but dont know if it occurs after or before short covering bounce.
Has to wait till next week to see how nifty reacts
Good evening SR and AC followers :)
@ Sundar
ReplyDeleteI guess NO.
Good Evening and Thanks for the details. Yes, the gap has been there for quite some time and the gap had been filled partially the previous time. AC pivots give upside target of 5712 and downside target of 5442 for next week depending the direction of movement. That's the reason of the 5600 straddle. :)
ReplyDeleteHi SR
ReplyDeleteWelcome sir. I have one doubt,
The max OI is in 6000, 5900 calls and 5400 put indicating nifty in rangebound of 6000-5400, I want your opinion whether you are expecting a swing move of atleast 200 points in two weeks in either direction because i am also holding strangles. I prefer this whenever i senses a swing move of 200 points in either direction. Now my total premium is 45+45= 90. For example if nifty moves to 5700 then 5400 put becomes 20 and 5700 call doubles, it means 100+20=120(profit is 30). if nifty hits 5800 immediately, then 5700 call becomes 150 or 170 and 5400 put becomes 5 or let us assume it 0, total is 150(profit is 65/lot).
Actually i am holding
SEPT 5700 call and 5400 put
SEPT 5800 call and 5300 put
AUG 5700 call and 5400 put &
Bank nifty AUG 10500 call & 9000 put
I get decent profit if and only if i hold them till nifty hits one of my strike prices either 5700 or 5400, I loose money only in range bound market of 100 points which happens very rare. Today premiums fell for both as VIX index is -3.8%
Please share your thoughts as you are expert in all these strategies.
Yes, strangles and straddles are good way to make money in volatile markets. Straddles/strangles are good to buy on days when vix falls. We get our straddles/strangles cheaper. Straddles/strangles generate more returns when the markets fall (vix rises) than when markets rise. I have found that straddles generally generate returns most of the time as decay is minimal. Keep a max of 2 weeks for straddle/strangle to achieve targets. As such go with current series upto mid/3rd week of the month. Straddles at the strike of max OI will generate best returns. Also note straddles are cheapest when futures price is near strike and price is moving up.
ReplyDeleteGreat explanation SR. Thats why i asked you in order to know more about your techniques. From next time i will go with straddle to avoid time decay particularly when futures price is near strike price and when price starts moving up and when vix is low.
ReplyDeleteOne more advantage is i need not to go with next month in case of straddles as we are buying the calls and puts of same strike price which is safe haven.
Have a nice evening and happy weekend SR and AC followers :)
Have a nice evening and great weekend you too. :)
ReplyDeleteyes, orders can be placed in advance
ReplyDelete"Upper House passes New Companies Bill into law."
ReplyDeleteSR - What would be the impact of this on market?
@Nagaraj Hegde Not sure of the news as am travelling. Just read it on http://www.moneycontrol.com/news/business/rajya-sabha-passes-new-companies-bill-into-law_932578.html#toptag Markets should likely take it positive.
ReplyDeleteHhmm... Thanks SR...
ReplyDelete