Real-Time Nifty Trades on 23/10/2013

Oct 23, 2013 8:30 AM
55 Comments
23/10/2013 09:15  Trend: Positive, SL: 6177.98
23/10/2013 09:50  SL Triggered, Trend: Negative, SL: 6209.22
23/10/2013 09:55  SL Trailed: 6193.43
23/10/2013 10:05  Caution: Exit Shorts near 6169.25-6164.42, SL: 6193.43
23/10/2013 12:05  SL Trailed: 6189.06
23/10/2013 12:10  SL Trailed: 6182.16
23/10/2013 12:15  SL Trailed: 6178.74
23/10/2013 12:25  Sell near 6154.87-6150.10, Target: 6107.13, SL: 6178.74
23/10/2013 12:55  SL Trailed: 6169.15
23/10/2013 01:05  SL Trailed: 6162.51
23/10/2013 01:10  SL Trailed: 6156.74
23/10/2013 01:20  Sell near 6132.94-6128.17, Target: 6085.32, SL: 6156.74
23/10/2013 02:25  Caution: Exit Shorts near 6132.94-6128.17, SL: 6156.74
23/10/2013 02:45  SL Triggered, Trend: Positive, SL: 6124.60
23/10/2013 02:55  Buy near 6148.79-6153.63, Target: 6197.16, SL: 6124.60
23/10/2013 03:05  SL Trailed: 6141.24
23/10/2013 03:15  SL Trailed: 6144.32
23/10/2013 03:25  Buy near 6168.65-6173.52, Target: 6217.31, SL: 6144.32

NiftyIntraday23102013

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

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  1. sanzy123October 23, 2013 at 9:02 AM

    GM Sunil sir,


    can i enter RelCap above 371 and BankNifty above 10900

    ReplyDelete
  2. Auto ChannelsOctober 23, 2013 at 9:05 AM

    GM, RelCap can be entered with SL at 365, can test 379.5-380. enter Bank Nifty above 10954.

    ReplyDelete
  3. Auto ChannelsOctober 23, 2013 at 9:17 AM

    Intraday Pivots for Nifty: 6101.18, 6153.80, 6206.43, 6259.05, 6311.68

    ReplyDelete
  4. TapuraOctober 23, 2013 at 9:22 AM

    Hi Sunil GM,
    Should we buy 6400CE & 6000PE

    ReplyDelete
  5. Auto ChannelsOctober 23, 2013 at 9:30 AM

    GM, Can go with 6100/6300 pair for today.

    ReplyDelete
  6. Auto ChannelsOctober 23, 2013 at 9:47 AM

    Nifty breaks previous day's low, can head down to 6101

    ReplyDelete
  7. Kris hnaOctober 23, 2013 at 10:02 AM

    Hi SR, GM
    Nifty bounced just above 6154, if tests below 6153, whether we exit CE in the strangle?

    ReplyDelete
  8. Auto ChannelsOctober 23, 2013 at 10:03 AM

    GM, yes

    ReplyDelete
  9. Kris hnaOctober 23, 2013 at 10:13 AM

    Premiums of both CE & PE are increasing now.

    ReplyDelete
  10. Kris hnaOctober 23, 2013 at 10:25 AM

    Nifty may test 6260 also.....

    ReplyDelete
  11. Auto ChannelsOctober 23, 2013 at 10:29 AM

    Not sure as yet. 6100PE has broken the 1.5 threshhold of 40.65 likely to be negative today. Above 56.2 would be a bear run. For 6300CE, 29.35 is the threshhold for positivity and 39.1 for bull rally.

    ReplyDelete
  12. Auto ChannelsOctober 23, 2013 at 10:34 AM

    Yes, due to increase in VIX. Nifty futures premium less than 10pts.

    ReplyDelete
  13. Kris hnaOctober 23, 2013 at 10:37 AM

    Thank you sir, so precise explanation of above
    Entered in Nov series, explanation........

    ReplyDelete
  14. Kris hnaOctober 23, 2013 at 10:42 AM

    Cleared, cool.......

    ReplyDelete
  15. ShivOctober 23, 2013 at 11:05 AM

    SR sir Holding 6200pe.. where shud i exit

    ReplyDelete
  16. Auto ChannelsOctober 23, 2013 at 11:09 AM

    Nifty support at 6153, below which can head to 6120-6101. 6200PE can see 100-105.

    ReplyDelete
  17. karthikOctober 23, 2013 at 11:16 AM

    Hi SR, Good morning, bot reliance 920 ce @ 8.2
    shall i hold or exit. wat is the target?

    ReplyDelete
  18. Auto ChannelsOctober 23, 2013 at 11:20 AM

    Can hold with a SL of 895, has resistance at 909. If it breaks above it, can head to 923.

    ReplyDelete
  19. karthikOctober 23, 2013 at 11:21 AM

    thank u sir

    ReplyDelete
  20. TapuraOctober 23, 2013 at 11:40 AM

    HI SUNIL,


    DO YOU SEE ANYTIME TODAY NIFTY WILL TOUCH OR CROSS 6200 onced, SO THAT WE CAN SELL OFF 6200CE & 6400CE

    ReplyDelete
  21. Auto ChannelsOctober 23, 2013 at 11:56 AM

    Nifty likely to be negative today. Exit on any rise

    ReplyDelete
  22. sanzy123October 23, 2013 at 12:07 PM

    Sunil sir


    can we enter 6100PE here

    ReplyDelete
  23. Auto ChannelsOctober 23, 2013 at 12:21 PM

    6100PE can test 55-56 above 40.65

    ReplyDelete
  24. SAMOctober 23, 2013 at 12:25 PM

    Sir ,


    I am holding INFY 3000 PE , in bid loss sir. please advice.

    ReplyDelete
  25. Auto ChannelsOctober 23, 2013 at 12:28 PM

    Exit on dips near 3274 (major support). May re-enter if support is decisively broken.

    ReplyDelete
  26. Debajit BasuOctober 23, 2013 at 1:09 PM

    Superb

    ReplyDelete
  27. sanzy123October 23, 2013 at 1:09 PM

    shall i exit 6100PE here..holding at 43


    and enter 6200CE

    ReplyDelete
  28. Auto ChannelsOctober 23, 2013 at 1:19 PM

    Nifty tests 6121 (major support) as expected and told in the morning. Those holding Nifty shorts, please book at-least 75% profits in shorts.

    ReplyDelete
  29. Auto ChannelsOctober 23, 2013 at 1:21 PM

    yes, book profits in PE but don't enter CE as yet.

    ReplyDelete
  30. sanzy123October 23, 2013 at 1:28 PM

    Sunil sir,


    when to consider entering long 6200CE and RelCap 370CE

    ReplyDelete
  31. Auto ChannelsOctober 23, 2013 at 1:37 PM

    Enter long near day-end only if Nifty closes above 6121.

    ReplyDelete
  32. Auto ChannelsOctober 23, 2013 at 1:47 PM

    Today's closing will be important. If Nifty closes above 6121, we may enter a 6200CE for 1-2 days for target of 6268 with SL of 6121 (closing basis)

    ReplyDelete
  33. TapuraOctober 23, 2013 at 2:00 PM

    HI SUNIL,
    YOU WERE BANG ON BELOW 6121 MAJOR SUPPORT... NOW IT SEEMS THAT THERE IS A UPWARD TREND, PLS ADVICE....

    ReplyDelete
  34. TapuraOctober 23, 2013 at 2:01 PM

    NOW ITS BREAK THE 6121 SUPPORT..

    ReplyDelete
  35. Auto ChannelsOctober 23, 2013 at 2:13 PM

    6121 support is for daily closing. We may not see any major upmove today. Even if there is a pullback, it will be likely used to short again. Wait till day-end.

    ReplyDelete
  36. Auto ChannelsOctober 23, 2013 at 2:14 PM

    We need to confirm break of support by looking at today's closing.

    ReplyDelete
  37. sanzy123October 23, 2013 at 2:17 PM

    Sunil sir,


    can we considering going long above 6152 NF

    ReplyDelete
  38. Auto ChannelsOctober 23, 2013 at 2:21 PM

    Don't go long today. Can short on any rise today. Wait till day-end today. Only if Nifty closes above 6121, we can go long.

    ReplyDelete
  39. sanzy123October 23, 2013 at 2:26 PM

    Sunil sir,


    when to consider going long in RelCAp

    ReplyDelete
  40. Auto ChannelsOctober 23, 2013 at 2:34 PM

    Same case with rel cap. has held to support of 355. If held on closing basis, go long for tomorrow.

    ReplyDelete
  41. HAMOctober 23, 2013 at 2:42 PM

    Good afternoon SR and AC readers :)

    ReplyDelete
  42. Auto ChannelsOctober 23, 2013 at 2:45 PM

    @Guest Good Afternoon and welcome back. How have you been?

    ReplyDelete
  43. HAMOctober 23, 2013 at 2:50 PM

    Fine and hope the same with u too. Thank u SR

    ReplyDelete
  44. HAMOctober 23, 2013 at 2:50 PM

    Why Indian market shall rise more than 5% in 2013? Just go through it to know the reasons for this bull-run in technical as well as economical point of view…..

    Firstly, You know, market fell steeply from 23/07/2013 and nifty slipped from 6093 to 5119. After failing thrice, nifty successfully filled the two gaps in its fourth attempt (support finally broken in this attempt) Many stop-losses trades of positional longs gets hit with this fall. Later, bounced back sharply to 6200 old levels by giving many gap-ups just like it did previously. Similarly, nifty attempted thrice to breach the resistance level of 6150 during 23/01/2013, 20/05/2013 and 19/07/2013, recently on 20/09/2013. Finally breached resistance on Friday and successfully closed above 5200 levels, next hurdle is near 6300/6312 level. All-time high is 6347 made on 10/01/2008 and next high level recorded is 6336 made on 08/11/2010. If these two levels are taken out, then without a second thought, this bull-run may continue towards 6500/6750, even 7000 where the fully formed bubble explodes, this may happen near 7000 or 7200 or may be near 7500, again back to pavilion, I mean 6000/5500. These are not my predictions or expectations but the history of market and earlier bubble formations and bursts at very new highs tells us the same story. After 6500/6700 levels, one must be cautious on their long positions…
    In case if it failed to break previous highs and unable to sustain above 6000 on weekly and monthly charts or if breaks 5823/5760, it may once again test 5000 mark which is unlikely I guess.

    Secondly, the Current Account Deficit (CAD) numbers for Q1 (April-June 2013) was released at $21.8 billion, or 4.9 per cent of GDP. India's current account deficit has exploded 1125 per cent since 2007, going from $8 billion to $90 billion; however, the government's goal for this financial year is to bring that number down to $70 billion and to 3.9 per cent of GDP. Since the IMF is expecting India's GDP to rise to 5.6 per cent, we could very well see a CAD of below $70 billion and significantly lower than 3.9 per cent of GDP if the IMF forecasts stay put. The RBI is confident that India would be able to finance this year's CAD comfortably

    Thirdly, we must agree that India's inflation is at high level. With new RBI Governor Raghuram Rajan having taken over the reins, it looks like the RBI will take all steps necessary to bring down inflation. The RBI began to attack the inflation problem by raising the repo rate on 20th September from 7.25 per cent to 7.5 per cent, and economists are expecting further repo rate hikes. Interest rate hikes inevitably bring down inflation levels due to the fact that it limits the money supply of rupee available in the market.
    Fourthly, Rupee gained against dollar, recovered from 65.70 to 61 which is a good sign for Indian stock-market. If continues to trade below 63.50, 57/54 are the next support levels for it.
    One more supporting factor is, VIX index drastically dropped from 32.50 to 19.90 and SMR ratio is below 13 which supports bullish market. This is supported by PCR ratio higher than 1 i.e., 1.50 [SMR below 15/14 supported with high PCR ratio greater than 1 is good for BULLS with VIX less than 20].
    Finally, International Monetary Fund (IMF) affirmed that India's GDP is going to rebound. In its latest projections, the IMF predicts India's GDP to climb to 5.6 to 6% for 2013-14.
    NOTE: The above stated article is purely my analysis based on some research on past historical charts and economic details.. So, kindly delete it from brain after reading and extract the fact/reason from it, why market shall rise from current levels.
    Good Luck :)

    ReplyDelete
  45. HAMOctober 23, 2013 at 2:53 PM

    One more thing forgot to add is, If the market is really gonna move up this time by breaking the previous records , then Bank nifty valuation is cheap compared to Nifty at current levels. If breaks resistance level of 11180, then next targets are 11700/12000 and if breaks 12050-12100, then next immediate targets are 13300/13500, even 14000 but only if it stays above 12100 for 3-5 consecutive days. Its just my view. Lets see…

    ReplyDelete
  46. HAMOctober 23, 2013 at 2:55 PM

    If u r looking for a strangle, go with Nov ITM call and ATM put or ATM call or OTM put

    ReplyDelete
  47. Auto ChannelsOctober 23, 2013 at 2:55 PM

    Thanks for the updates. :)

    ReplyDelete
  48. SAIOctober 23, 2013 at 3:01 PM

    Good Afternoon Sunilji & Friends

    ReplyDelete
  49. Auto ChannelsOctober 23, 2013 at 3:10 PM

    Good Afternoon. :)

    ReplyDelete
  50. sanzy123October 23, 2013 at 3:19 PM

    Sunil sir,


    shall i enter Nifty 6200CE and RelCap 370CE now that support levels as you suggest has held

    ReplyDelete
  51. Auto ChannelsOctober 23, 2013 at 3:20 PM

    Option prices have moved up quite high. We can wait for a intraday dip to enter tomorrow.

    ReplyDelete
  52. sonu2938October 23, 2013 at 3:20 PM

    Sir I am holding INFY 3300 CE bought @ 85 , shall I exit @ cmp (around 55) or hedge it with nifty PE.

    ReplyDelete
  53. Auto ChannelsOctober 23, 2013 at 3:21 PM

    Try to exit on rise tomorrow.

    ReplyDelete
  54. HAMOctober 23, 2013 at 3:37 PM

    Have a nice evening SR and AC readers :)
    Take care.

    ReplyDelete
  55. Auto ChannelsOctober 23, 2013 at 3:45 PM

    Thanks. Have a nice evening you too. :)

    ReplyDelete

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