Real-Time Nifty Trades on 06/12/2013

Dec 6, 2013 8:30 AM
52 Comments
06/12/2013 09:15  Trend: Negative, SL: 6269.32
06/12/2013 09:35  Caution: Exit Shorts near 6251.00-6247.33, SL: 6269.32
06/12/2013 03:30  SL Triggered, Trend: Positive, SL: 6246.43

NiftyIntraday06122013

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

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  1. Auto ChannelsDecember 6, 2013 at 9:17 AM

    Intraday Pivots for Nifty: 6187.33, 6237.77, 6288.22

    ReplyDelete
  2. rvkDecember 6, 2013 at 9:21 AM

    Hello SR,
    Good morning..


    Do we have any plans for Monday.. due to election results fro 5 states on Sunday ..


    Kindly share your views...


    Thanks in advance..

    ReplyDelete
  3. Auto ChannelsDecember 6, 2013 at 9:26 AM

    @rvk Good Morning. We may enter a call based on today's closing. If close is above 6212, we may enter a long.

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  4. Kris hnaDecember 6, 2013 at 9:32 AM

    Hi SR, Good morning,
    VIX is increasing as well as the premiums of both CEs & PEs
    OI of 6500 CEs and 6000PE are maxm, Significant OI of 6200PE is also seen which implies a strong Bullish undertone towards 6500?

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  5. Auto ChannelsDecember 6, 2013 at 9:48 AM

    @Kris hna Good Morning. Overall undertone would be bullish above 6212.

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  6. Kris hnaDecember 6, 2013 at 9:52 AM

    Thanks.

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  7. SAMDecember 6, 2013 at 10:10 AM

    Sir,


    Can i enter 6500 CE @ 50 for target 60 ?

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  8. SAIDecember 6, 2013 at 10:11 AM

    Sunilji Good Morning :)

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  9. Auto ChannelsDecember 6, 2013 at 10:21 AM

    Not advisable. IVs of CEs are high. Wait for a dip.

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  10. Auto ChannelsDecember 6, 2013 at 10:22 AM

    @sai Good Morning. :)

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  11. SundareshDecember 6, 2013 at 10:22 AM

    Sir,
    GM. Your view in Relinfra.

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  12. Auto ChannelsDecember 6, 2013 at 10:26 AM

    GM, If long on it, exit position as it has broken support of 435.7 and can head down to 429-427.7. Res: 441.

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  13. Pramod SinghDecember 6, 2013 at 12:06 PM

    GA Sirji !
    Huge shorts r being created in nifty....do u expect 6200 today?

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  14. Auto ChannelsDecember 6, 2013 at 12:21 PM

    GA, I see that too, If 6237 is broken, Nifty may slide down to 6210, 6180

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  15. HAMDecember 6, 2013 at 1:08 PM

    Good afternoon SR and AC readers :)

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  16. HAMDecember 6, 2013 at 1:10 PM

    Nifty created one more gap yesterday in between 6188-6234, it will get filled sooner. Next week we may see 200-250 points swing move in either direction!!

    Bank Nifty too created huge gap yesterday along with nifty i.e., from 11469-11165, these two gaps shall get filled before moving to higher levels...
    BN has one more gap in between 9260-8840, sooner or later this gap also shall get filled, it's the matter of time which is beyond our predictions.
    For the records, all these signs are the hints that this market don't go continuously topping up but has to come down some day in order to fill the above mentioned gaps but only below 6000/5970...

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  17. HAMDecember 6, 2013 at 1:12 PM

    SR, plz have a look at Vix index 2-yr weekly chart, it formed cup and handle pattern clearly and its about to finish the handle but little confused whether handle ends near 26.5/29 area, any idea? If so my strangles/straddles will gain more premium in coming days.

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  18. SAIDecember 6, 2013 at 1:19 PM

    GA :)

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  19. HAMDecember 6, 2013 at 1:20 PM

    Good afternoon Sai :)

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  20. Auto ChannelsDecember 6, 2013 at 1:22 PM

    @Guest Good Afternoon. :)

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  21. Auto ChannelsDecember 6, 2013 at 1:25 PM

    Not monitor VIX charts. But, the cup should have ended at the 2-year high and handle has to break out of the 2-year high. But I think 2-yr high is near 35-37

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  22. HAMDecember 6, 2013 at 1:26 PM

    Ok, thank you for the reply, now got clear idea...

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  23. SAIDecember 6, 2013 at 1:28 PM

    WHAT IS THAT SIRJI??

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  24. HAMDecember 6, 2013 at 1:37 PM

    Actually on weekly charts, Vix is bullish and sometimes I track index based on it and I always keep SL for my strangles/straddles on Vix index, currently my SL is 20/19.4. Holding heavy positions of straddles.. Above 25, its 30/32.. SR also conformed about the pattern. Lets see :)

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  25. Kris hnaDecember 6, 2013 at 1:48 PM

    Hi HAM, GA
    For my strangle 6000/6500, Where should i book my profit at Vix _?

    ReplyDelete
  26. SAIDecember 6, 2013 at 1:49 PM

    OK THANKS. AS A LEARNER YOUR VIEW HELPS ME.

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  27. Auto ChannelsDecember 6, 2013 at 1:52 PM

    Options have not yet broken the first hours high/low.

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  28. HAMDecember 6, 2013 at 1:55 PM

    Good afternoon Krish
    Try booking profits near 22.50/23 for intra-day and 25 for positional strangles..

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  29. HAMDecember 6, 2013 at 1:58 PM

    You are always welcome Sai :)

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  30. Kris hnaDecember 6, 2013 at 1:59 PM

    Thanks, as long as I'm in profit, want to go for VIX 25.

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  31. HAMDecember 6, 2013 at 2:03 PM

    That's fine but try to avoid these far OTM options as option players had shorted 6000 pe and 6400 ce, so you better prefer 6300 ce and 6100 pe in order to save from time decay prob.. If profits, better to book today as no one is sure how market reacts to elections outcome and vix too reacts quite sharply to the news in either direction....

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  32. Kris hnaDecember 6, 2013 at 2:07 PM

    Thanks, just before close lets see what happens......

    ReplyDelete
  33. Auto ChannelsDecember 6, 2013 at 2:26 PM

    Those holding strangles / straddles, try to book profits today by day end and VIX to likely to peak before election results. We may have a major gap-up/down on Monday. But VIX may likely crash immediately after opening. All OTM options are very highly priced and may not gain much as the loss in the other counterpart. It would be wise to book strangles before day-end today.

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  34. Auto ChannelsDecember 6, 2013 at 2:30 PM

    Those holding 6300CE/6500CE spread near 75-76 levels, continue to hold them.

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  35. HAMDecember 6, 2013 at 2:34 PM

    Has same feeling, best to book profits for today and ride fresh ones after results. Good advice though..

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  36. PKDecember 6, 2013 at 2:39 PM

    Sir planning to take short strangle 6000pe n 6600ce, any advise?

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  37. Auto ChannelsDecember 6, 2013 at 2:39 PM

    Nifty likely to hold this upmove as PEs finally broke day's low.
    6500CE can be bought on dips near 49.65, SL: 46.9, Target: 55.2

    ReplyDelete
  38. Auto ChannelsDecember 6, 2013 at 2:41 PM

    Better go with Short butterfly: Short 6100PE+ 6400CE and buy 6000PE + 6500CE
    Or else Short 6000PE + 6500CE and buy 5900PE + 6600CE

    ReplyDelete
  39. Auto ChannelsDecember 6, 2013 at 2:44 PM

    Short butterfly will remove the loss which may be caused in a short strangle due to an extreme move.

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  40. SAMDecember 6, 2013 at 2:55 PM

    :-)..really bit confusing sir

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  41. Auto ChannelsDecember 6, 2013 at 2:57 PM

    If entered, exit at cost

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  42. Auto ChannelsDecember 6, 2013 at 2:58 PM

    Its creating a short strangle and creating a farther long strangle to avoid major losses due to an extreme move

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  43. Auto ChannelsDecember 6, 2013 at 3:05 PM

    Short butterfly of 6000PE + 6500CE short and 5900PE + 6600CE long. will generate full profits, if nifty expires in the range of 6000-6500. Profits will go down if Nifty expires below 6000 or above 6500. However if there is any major move which lead Nifty to expire above 6600 or below 5900 will reduce your loss to a max of about 50 pts.

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  44. Auto ChannelsDecember 6, 2013 at 3:17 PM

    CE did not hit SL. But spot hit SL and then bounces back. That's the reason I exit at cost. Better safe than sorry.

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  45. Auto ChannelsDecember 6, 2013 at 3:19 PM

    In fact CE hardly moved below the entry price.
    If still holding, can revise SL to 49.65

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  46. Auto ChannelsDecember 6, 2013 at 3:24 PM

    May trail SL to 51

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  47. Auto ChannelsDecember 6, 2013 at 3:25 PM

    Target achieved. :)

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  48. Kris hnaDecember 6, 2013 at 3:29 PM

    Exit strangle now !!

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  49. HAMDecember 6, 2013 at 3:31 PM

    Only holding Jan 6200 straddle with 25% margin and will average it for every 5% drop in premium. Lets see how it goes on Monday!!
    Have a great weekend SR and AC readers :)

    ReplyDelete
  50. HAMDecember 6, 2013 at 3:33 PM

    U havn't booked your profits?
    I booked and entered fresh straddles just 2 minutes before close.

    ReplyDelete
  51. Auto ChannelsDecember 6, 2013 at 3:36 PM

    Thanks and wish you the same.

    ReplyDelete
  52. krishnaDecember 6, 2013 at 10:24 PM

    Hi Sunil,


    I am new to this group and nice to see your ideas which are being posted on a timely manner.From now I am planning to follow the ideas which are posted here..

    ReplyDelete

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