Sunil_1972 view on market

[sunil_1972]

Nifty 14 day RSI indicating need of consolidation. I think 6150-6350 is the range. Now we are sitting on the upper band. December is the financial year end for FII's and holiday of X'mas nearing. I am not in favour of an immediate upside. If it happens it may not sustain.

 

[sunil_1972]

Nifty below 6200. Buy on dip is my call.

 

[sunil_1972]

Nifty 6300 put bought@88 and sold@123.
Profit of 35 points.

 

[sunil_1972]

Bought HDFC@717, Nifty 6100 Call@96

 

[sunil_1972]

Nifty just to fill the gap 6032 I said earlier. Today made low of 6056.
This downtrend may stop somewhere here.
I think there is a pull back next week and that will be fast and furious.

 

[rajputz]

Nifty just to fill the gap 6032 I said earlier. Today made low of 6056.
This downtrend may stop somewhere here.
I think there is a pull back next week and that will be fast and furious.

Keep a shallow eye at 5980. And be cautious as FY year ending and then february budget time...Market can behave irratically...

 

[sidsup]

Nifty just to fill the gap 6032 I said earlier. Today made low of 6056.
This downtrend may stop somewhere here.
I think there is a pull back next week and that will be fast and furious.

Hello Mr. Sunil,

I m new to the forum and I trade only in derivatives. I bought 1300 Tata Motors's calls. What is your view on this stock for the next two weeks.

Regards,

Siddharth

 

[sunil_1972]

Hello Mr. Sunil,

I m new to the forum and I trade only in derivatives. I bought 1300 Tata Motors's calls. What is your view on this stock for the next two weeks.

Regards,

Siddharth

I dont know wich rate u bought. It now trading at 16.
TATAMOTORS made life high of 1348 on thursday and reversed. Now 100 point below 1246. Immediate support is 1242 and then 1208.
Sice Nifty retraced from 6338 to 6032 (all gains in this rally), TATAMOTORS to rest somewhere near 1175-1150. If Nifty get past life high in this expiry your call make u merry.

 

[praveen taneja]

Hello Mr. Sunil,

I m new to the forum and I trade only in derivatives. I bought 1300 Tata Motors's calls. What is your view on this stock for the next two weeks.

Regards,

Siddharth

sorry for jumping in

 

[sunil_1972]

Nifty today made low of 6039, 7 points shy of filling the gap 6032 and reversed. I think this rally do have the strength to reach 6200+. Global market in support now.