DAILY REPORT ON NIFTY BY kadiyali - 31.07.09 (Friday)

Nifty Futures Morning Call

Nifty futures opened today with a positive gap at 4631 against its previous close of 4572, and is currently trading at 4668. It has so far recorded a HIGH of 4671 & a LOW of 4631. Asian cues are positive, US futures too are in green, and European markets may pause the rally & open flat today after two days of robust gains. Nifty having opened gap up may trade well in green for first two hours, and may lose later the entire positive gap of the day, but may ultimately manage to end the day in positive but below 4600. NF trading range today is likely to be 4560-4690.

Trading Calls

11.36AM...Watch Nifty Put 4500PE currently trading at 106. BUY 4500PE below 95 for an intraday target of 135. SL 75.

Market Closing Report

Nifty futures closed the day at 4654, up 82 points, after touching a high of 4679 & a low of 4585.

NIFTY OUTLOOK

Nifty opened on Friday with a positive gap, lost almost entire gap in midsession, before recovering & closing the day at 4636, up 65 points. FIIs net bought 582cr & DIIs net bought 316cr.  Nifty has now entered the overbought zone with  a strong possibility of further rises well beyond its 12th June intraday high of 4693, simultaneously raising chances of a fall with every rise.

Nifty levels for 03.08.09 Monday are: PIVOT 4626, R1 4680 & R2 4724, S1 4582 & S2 4528. 

DAILY REPORT ON NIFTY BY kadiyali - 30.07.09 (Friday)

Nifty Futures Morning Call

Nifty Futures opened today at 4479 against its previous close of 4512, and is currently trading at 4506. It has so far recorded a HIGH of 4513 & a LOW of 4473. Asian cues are negative, US futures are in green, and European markets may open today in positive. Today being the last day of settlement for Indian markets, we may see a zig zag volatility but within a small range for a major portion of the day. However, the last 1-2 hours of trade is likely to yield to bear pressure, and nifty may close well below 4450 for this expiry. NF  may trade in the range of 4420-4540 today.

Market Closing Report

Nifty closed this July series at 4570, up 57 points from yesterday, and up 328 points from previous expiry.

NIFTY OUTLOOK

Nifty had a rangebound trade today on this last day of July expiry, beginning the trade in the morning in negative, ending the day in positive at day's high, closing at 4571, up 58 points from previous day's close, and up 329 points from previous expiry. FIIs net bought 366cr & DIIs net sold 286cr. Nifty is now almost midway between the bears' target of 4350 & bulls' target of 4700, with 4600 as crucial point below which bears will continue to enjoy the upper hand.

Nifty levels for 31.07.09 Friday are: PIVOT 4542, R1 4611 & R2 4650, S1 4503 & S2 4434.

DAILY REPORT ON NIFTY BY kadiyali - 29.07.09 (Wednesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4550 against its previous close of 4565, and is currently trading at 4568. It has so far recorded a HIGH of 4572 & a LOW of 4521. Asian cues are generally negative, US futures too are in red, but European markets are likely to bounce back & open marginally positive. Nifty will continue its rangebound trading for the third day today, but is likely to fall below 4500 towards the end, and may close the day in negative. Both the current high & low of NF are likely to be broken during the course of the day.  NF is likely to trade in the range of 4480-4590.

Trading Calls

11.59AM...I had recommended in my Weekly Report on Saturday:

1)to BUY 4500PE below 30 for a target of 60, and on achieving the target, to sell half & hold the balance half free of cost till expiry. Target 60 is now achieved, and those who are holding 4500PE following this recommendation may sell half & hold the balance half till expiry.

2)to BUY 4600PE below 60 & hold it till expiry. This option has touched a high of 160 till now, and those who are holding 4600PE following this recommendation,  may enjoy the ride still more.

12.31PM...4600PE bought below 60 as per my recommendation in Weekly Report  has hit 182 now. Money got trebled in 1-2 days. What more is required? Those who are holding 4600PE following this recommendation, may sell half now, recover their money with profits, still holding the balance absolutely free of cost, and continue the ride till expiry.

Market Closing Report

Nifty futures closed the day at 4496, down 69 points, after tanking to a low of 4415.  The morning high of 4572 remained the high of the day.

NIFTY OUTLOOK

Nifty today saw an increased level of volatility ahead of July expiry month, tanking to a low of 4420, before  recovering above 4500 levels,  ending the day at  4513,  down 51 points. FIIs net sold 168cr & DIIs net bought 126cr. With only the last day of this month expiry pending for tomorrow, nifty may see further volatility. Moreover, the break down below the crucial 4528 has clearly tilted the scale in favour of the bears, and nifty is likely to slip below 4400 in a day or two.

Nifty levels for 30.07.09 Thursday are: PIVOT 4503,  R1 4585 & R2 4656, S1 4431 & S2 4350.

DAILY REPORT ON NIFTY BY kadiyali - 28.07.09 (Tuesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4591 against its previous close of 4576, and is currently trading at 4553. It has so far recorded a HIGH of 4598 & a LOW of 4535. Asian cues are generally positive, US futues are near flat, and European markets may open today marginally higher to flat. Nifty may witness another day of rangebound trading with support nearer to 4500 & resistance above 4570, and may end the day in negative but above 4500. NF is likely to trade in the range of 4490-4600 today.

Market Closing Report

3.30PM...Nifty futures closed the day at 4562, down 14 points, after touching a high of 4608. Morning low of 4535 remained the low of the day, and the trading was rangebound.

NIFTY OUTLOOK

Nifty had a rangebound but volatile trade today, closing near flat for the second day, closing the day at 4564, down just 8 points.  FIIs net sold 59cr & DIIs net bought 448cr.  Two days of identical trade with 4599 as resistance & 4528 as support indicates an equal strength of bulls & bears.  Break down below 4528 will give the bears an upper hand, and break out above 4610 will give the bulls the upper hand, with the chances of the former happening more than the latter.

Nifty levels for 29.07.09 Wednesday are: PIVOT 4564, R1 4599 & R2 4635, S1 4529 & S2 4494.

DAILY REPORT ON NIFTY BY kadiyali - 27.07.09 (Monday)

Nifty Futures Morning Call

11AM... Nifty Futures opened today at 4601 against its previous close of 4575, and is currently trading at 4589. It has so far recorded a HIGH of 4610 & a LOW of 4555. Asian cues are positive, US futures are in green, and European markets are likely to open in positive expecting better quarterly results. Nifty will trade the whole of the session in positive, will post handsome gains, but the last hour trade may lead to profit taking, and nifty may close today in positive but below 4600. NF is likely to trade in the range of 4555-4660.

Trading Calls

11.54AM...NF now at 4565. Go LONG.  SL 4532. Target 1 - 4615.  Target 2 - 4639.

1.01PM...NF now at 4530. Stop Loss of my above trade is triggered.

Market Closing Report

Nifty futures closed the day just flat at 4576, down 1 point, after touching a low of 4525. Morning high of 4610 remained the high of the day.

NIFTY OUTLOOK

Nifty traded today in both positive & negative zones alternatively, and ended the day near flat at 4572, up 4 points. FIIs net bought 439cr & DIIs net sold 279cr. Though nifty rose from its low of 3918 touched on 13th July very fast on the back of better quarterly results & filled the post budget fall, it has been facing tough resistance on its way to its next target of 4700. It has repeatedly failed to surpass 4600 for the last four days, and profit booking by DIIs at higher levels could be the reason, as they have been net sellers for the last five trading days. Moreover nearness to expiry may lead to some correction from the current levels.

Nifty levels for 28.07.09 Tuesday are: PIVOT 4566, R1 4603 & R2 4634, S1 4534 & S2 4498.

WEEKLY REPORT ON NIFTY BY kadiyali - 25.07.09 (Saturday)

WEEK GONE BY

Nifty after recording a big gain of 370 points in the last week, continued its uptrend to add some more decent gain, and closed this week at 4568, up 194 points. After opening the first trading day on Monday with a positive gap, it never fell below its previous week's close of 4374. The high for the week was 4578 touched on Friday & the low for the week was 4380 touched on Wednesday.

WEEK AHEAD

Having posted robust gains for the two weeks, Nifty may trade with high volatility in this July expiry week, and end the week NEAR FLAT. The trading range for nifty for this week is likely to be 4390-4630.

STRATEGY FOR THE WEEK

1. If you are long, liquidate your longs once nifty goes past 4600.

2. If you are short, wait for a level below 4450 to cover the same.

3. Nifty puts of the strike rate 4300 & below may find themselves in the losing side this expiry, and it is better they convert the same into 4500PE.

STOCK RECOMMENDATIONS.

Balaji Telefilms CMP 48, BUY below 45 for a target of 60 within a fortnight.

OPTION RECOMMENDATIONS.

My Options picks for this week are nifty puts 4500PE (CMP 42) & 4600PE (CMP 85).

1. BUY 4500PE (CMP 42) if you get it below 30 on Monday (only Monday) for a target of 60. On achieving the target, sell half & carry the balance half till expiry.

2. BUY 4600PE (CMP 85)  if you get it below 60 on Monday/Tuesday, and allow it to expire on Thursday.

Note: As we are entering the last 4 days of the July expiry, above options can be categorised as HIGH RISK trades, and hence we should go for it only in small quantities & out of our existing trading profits.

DAILY REPORT ON NIFTY BY kadiyali - 24.07.09 (Friday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4570 against its previous close of 4535, and is currently trading at 4536. It has so far recorded a high of 4570 being the opening level & a low of 4515. Asian cues are positive, US futures are in negative due to poor quarterly results of Microsoft & Amex announced after close of trading yesterday in Wall Street,  and European markets may open lower today after a continuous run of 9 days' gain. Nifty will trade in positive today for a maximum of first two hours & in negative thereafter, and may close the day in negative. NF is likely to trade in the range of 4440-4570.

Trading Call

12.32PM...NF now at 4542.  Go SHORT.  SL  4581.  Target  1  -  4492.   Target 2  -  4461.

1.45PM...NF now at 4583.  Stop Loss of my above call is trigerred.  Sorry!

Market Closing Report

Nifty futures closed the day at 4578, up 43 points, after touching a high of 4589 & a low of 4505.

NIFTY OUTLOOK

Nifty continued its bullish momentum for one more day today, added some more gains, and closed the day at 4568, up 49 points. FIIs net bought 663 cr & DIIs net sold 206cr. Nifty will now proceed to achieve its near term target of 4700 with a short term target of 5000. However, nearness to the expiry may bring in some correction, which should be used by traderst to add some long positions. 

Nifty levels for 27.07.09 Monday are: PIVOT 4550, R1 4596 & R2 4624, S1 4523 & S2 4477.

DAILY REPORT ON NIFTY BY kadiyali - 23.07.09 (Thursday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4455 against its previous close of 4405, and is currently trading at 4496. It has so far recorded a high of 4512 & a low of 4455. Asian cues are positive, US futures are in positive,  and European markets may open steady today. Nifty will trade today in green for most part of the day posting good gains, may lose most of the gains by the end, and may close either flat or with minor gains. NF is likely trade in the range of 4390 - 4530.

Market Closing Report

3.30PM...Nifty futures closed the day at 4539, up 134 points, after touching a high of 4547. The morning low of 4455 remained the low of the day.

NIFTY OUTLOOK

Nifty had a bullish trade today, opening with a positive gap & ending near the day's high, to close the day at 4523, up 124 points. FIIs net bought 512cr & DIIs net sold 34cr.  Nifty is almost midway in its short term range of 4200-5000 & is nearing its strong resistance of 4560. Till nifty gets a close above 4560, bears have a chance to take it back to 4200, and once nifty gets a close above 4560, bulls will easily take nifty to 5000. Those who are heavily invested may utilise tomorrow's trade to sell 50% of the holdings so as to reduce the cost of balance 50%, so that they will be in win-win situation whichever way nifty moves from here.

Nifty levels for 24.07.09 Friday are: PIVOT 4487, R1 4569 & R2 4613, S1 4442 & S2 4360.

DAILY REPORT ON NIFTY BY kadiyali - 22.07.09 (Wednesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4490 against its previous close of 4473, and is currently trading at 4544. It has so far recorded a HIGH of 4547 & a LOW of 4488. Asian cues are positive but US futures are in slight negative, and European markets may open near flat today after 7 days of continuous gains. Nifty will trade in positive today for the first half of the day posting good gains, however it may lose all the gains in the second half of the day, and may continue its negative closing for the second day. NF is likely to trade in the range of 4440 - 4570. High volatility will be seen in the second half of the day.

Trading Calls

2.53PM...I had recommended in my Weekly Report on Saturday to BUY 1)nifty calls 4400CE below 60, OR 2)nifty puts 4400PE below 40, whichever happens first in this week.  Today 4400PE slipped below 40, went upto a low of 31, and has now touched a high of 87. I had given a target of 100 for this option, and also recommended to convert the profits of this trade into nifty calls 4400CE.

I may revise the target for 4400PE tonight. Those who have bought 4400PE below 40 today may wait for my revised target, and need not book their profits today.

Market Close Report

3.30PM...As indicated in my 11AM report, nifty traded in green for the first half of the day, posting good gains, and lost all the gains in the second half of the day, and continued its negative closing for the second day to close at 4399, down 70 points. Nifty futures closed the day at 4413, down 60 points, after touching a high of 4569 & a low of 4387.

NIFTY OUTLOOK

Nifty traded the first half of the day in green, posting handsome gains, but lost all the gains in the second half, and continued its negative closing for the second day, to close the day at 4399, down 70 points. FIIs net bought 66cr & DIIs net sold 225cr. With today's fall, bears seem to have gained upper hand & nifty is likely to test its support at 4200 before any further rise above 4500 can take place. Hence any rise above today's closing levels should be utilised to get out of the longs, and fresh longs may be added only nearer to 4200.

IMPORTANT

As informed in my 2.53PM report above, the target for 4400PE bought today below 40 (LTP 79) is now REVISED to: Target 1 - 125, Target 2 - 160.

It is now recommended to book profits for 50% of the holdings of 4400PE at 125, and balance 50% at 160.

My recommendation to buy nifty call 4400CE out of the profits of the above trade is now withdrawn. After booking profits in 4400PE, only half of the profits may be invested in 4400CE ONLY IF 4400CE FALLS BELOW 30 WITHIN THIS FRIDAY.

DAILY REPORT ON NIFTY BY kadiyali - 21.07.09 (Tuesday)

Nifty Futures Morning Call

Nifty Futures opened today in negtive at 4486 against its previous close of 4510, and is currently trading at 4491. It has so far recorded a HIGH of 4506 & a LOW of 4456. Asian cues are positive, but US futures are in red, and European markets may open today in positive to continue their gains for the 7th day. As nifty has already recorded a non-stop gain of 500+ points till yesterday, nifty may see alternative bouts of buying & selling today, and may ultimately end the day in negative with small loss. NF is likely to trade today in the range of 4430 - 4540.

Market Close Report

As indicated in my 11AM report, Nifty faced alternative bouts of buying & selling, and closed the day in negative with small loss of 40 points. Nifty futures closed the day at 4471, down 39 points, after touching a low of 4438. The morning high of 4506 remained the high of the day.

NIFTY OUTLOOK

Nifty had a session of profit taking today after it had added 12% in 6 days, traded in negative for most part of the day, and closed the day in negative at 4469, down 33 points. FIIs net sold 251cr & DIIs net sold 7cr.  Nifty is likely to drift down lower in the coming session or two. All such falls should be utilised to add longs for a target of 4700.

Nifty levels for 22.07.09 Wednesday are: PIVOT 4476, R1 4516 & R2 4564, S1 4429 & S2 4389.

DAILY REPORT ON NIFTY BY kadiyali - 20.07.09 (Monday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today gap up at 4442 against its Friday's close of 4381, and is currently trading at 4433. It has so far recorded a HIGH of 4454 & a LOW of 4406. Asian cues are positive, US futures are also in positive, and European markets are likely to open in positive to continue their gains for the 6th trading session. Nifty is likely to trade in green all through the day & close the day in positive. NF trading will be rangebound one today with the  trading range likely to be 4395 - 4475.

Trading Calls

12.03PM...BTST CALL: BUY Balaji Telefilms now at 48.40.  Target 56 in 2 days.

Market Closing Report

Nifty futures closed the day at 4505, up 124 points, after touching a high of 4517. The morning low of 4406 remained the low of the day.

NIFTY OUTLOOK

Nifty continued its uptrend for yet another day today, opening the day with a decent positive gap, maintaining the bullish momentum till the very end of the trading session, and closing the day at 4502, up 127 points. FIIs net bought 563cr & DIIs net bought 151cr. Nifty now has made 4 centuries of daily gains in the last 6 trading days, added 500+ points in this period, filled the post budget fall comfortably in the process, and is now looking towards the target of 4700 to surpass the intraday high of 4693 recorded on 12th June.

Nifty levels for 21.07.09 Tuesday are: PIVOT 4463, R1 4549 & R2 4596, S1 4416 & S2 4331.

WEEKLY REPORT ON NIFTY BY kadiyali - 18.07.09 (Saturday)

WEEK GONE BY

Nifty entered the week with highly bearish sentiments, having closed last week 4004 with a weekly loss of 400 points, its biggest weekly fall in 2009. However it found support at 3918 on the very first trading day of the week on Monday, posted 3 centuries of daily gains on 14th, 15th & 17th, to close the week at 4374, up 370 points, its second biggest weekly gains of the year. The low of the week was 3918 on Monday  & 4390 was the high of the week touched on Friday.

WEEK AHEAD

The entire last week, Nifty rode the uptrend on the back of Q1 results expectations, positive global trends & positive news regarding GOI disinvestment of listed PSUs. Market will also slowly realise the positives of the Budget, having discounted the negatives of the Budget in the earlier fall of nifty from 4480 to 3920. So the uptrend is likely to continue for the ensuing week, though in a smaller range. Nifty is now all set to surpass the pre budget intraday high of 4480 recorded on 6th July as Target 1, and may even look towards its Target 2 of 4693 being the intraday high of 12th June. However 4500 is going to be a major hurdle, but also remember the fact that if nifty pierces through the same, 4700 can come in just two trading days thereafter.

Nifty is likely to trade rangebound during the next week, trading above & below its last week close of 4374 alternatively, and finally ending the week in positive with modest gains. Trading range for the week will be 4250 - 4500. 

TRADING STRATEGY FOR THE WEEK

1. If you are holding long, continue to ride on the longs till nifty surpasses 4450. Unload the longs nearer to 4500.

2. If you are holding shorts, nifty may give you a chance to cover the shorts at the best level in the week nearer to 4250.

3. Nifty puts of the strike rate of 4000 & below are likely to be on the losing side in this expiry, and loss booking  in this week nearer to 4250 may prove prudent.

STOCK RECOMMENDATIONS

I had recommended to buy 6 shares last week namely Aban (668), Satyam (73), Atlanta (70), Suzlon (82), Provogue (40) & 3i Infotech (63), and all these shares were availble on Monday morning at rates below their last week LTP given in the brackets. All these shares have now given appreciation of 20-30% in a week, and I now suggest to sell these shares one by one during this week' s uptrend, and stay in cash, to  remain prepared for next recommendations.

OPTION RECOMMENDATIONS

Last week I had recommended to buy nifty call 4200CE below 40, and on Monday morning, it did fall well below 40. Many members of this blog have bought the same at 32, 34 etc. This call option pierced through the roof last week, and even went well beyond 200, giving an appreciation of more than 400%.

My option recommendation for this week is calls & puts of the strike rate of 4400. Watch the premium of both 4400CE & 4400PE very closely during all 5 trading days of next week. Both these options closed this week at LTP of 105.

1. If 4400CE falls below 60, BUY it for a Target of 150.

2. If 4400PE falls below 40, BUY it for a Target of 100.

Whichever  of (1) & (2) happens first, you have to go in for that one, and if & when you achive the target of the same, you will get the other one out of the profits of the first one sale.

Note: I always insist on buying of options (calls & puts) out of the profits earned in NF trading calls, and buying of options out of one's capital is strictly not recommended.

DAILY REPORT ON NIFTY BY kadiyali - 17.07.09 (Friday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4265 against its previous close of 4224, and is currently trading at 4310. It has so far recorded a HIGH of 4324 & a LOW of 4256. Asian cues are positive, US future are in red after robust gains of US markets for the last 3 days, and European markets too are likely to open in positive eying the expected positive results of US banks today. Week end considerations cannot be ignored today. Nifty is likely to post good gains today in the first half of the session, and lose most of the gains in the second half, and close today between 4240-4260. NF is likely to trade in the range of 4230-4340 today.

Nifty Futures Closing Report

Nifty Futures closed today at day's high at 4398, up 174 points, after touching a high of 4399. Morning low of 4256 remained the low of the day.

NIFTY OUTLOOK

Nifty had a highly bullish trade today, adding another century of daily gains, closing the day at 4374, ip 143 points. FIIs net bought 142cr & DIIs net bought 535cr. Nifty, having closed comfortably above its resistance of 4280, is now all set to complete the formality of covering the post budget fall to surpass the 6th July intraday high of 4479 during the next week.

Nifty levels for 20.07.09 Monday are: PIVOT 4332, R1 4433 & R2 4492, S1 4273 & S2 4171.

DAILY REPORT ON NIFTY BY kadiyali - 16.07.09 (Thursday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today again gap up at 4285 against its previous close of 4236, and is currently trading at 4260. It has so far recorded a HIGH of 4291 & a LOW of 4247. Asian cues are positive, but US futures are in red after massive gains in their index yesterday, and European markets may open steady or flat. Huge volatility is on the cards today. Nifty may trade in green in the morning session & in red in the afternoon session, and may close the day near flat. NF is likely to trade in the range of 4170 - 4300 today.

Nifty Futures Closing Report
As indicated in my 11AM report above, nifty traded both in green & red alternatively, and closed the day just flat at 4231, down 2 points. Nifty futures closed the day at 4230, down 6 points, with 4194 as the low of the day & 4291 as the high, almost in the range of 4170-4300 indicated above.

NIFTY OUTLOOK

Nifty opened today with a positive gap, traded with high volatality throughout the day, trading in both green & red alternatively, finally closing the day just flat at 4231, down 2 points. FIIs net bought 32cr & DIIs net sold 35cr. Nifty has now touched the top of its current trading range of 3900-4300, and it is more than likely that we will see nifty drifting towards 4000 in the days to come.
Nifty levels for 17.07.09 Friday are: PIVOT 4247, R1 4289 & R2 4346, S1 4190 & S2 4148.

DAILY REPORT ON NIFTY BY kadiyali - 15.07.09 (Wednesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4151 againts its previous close of 4112, and is currently trading at 4134. It has so far recorded a HIGH of 4154 & a LOW of 4117. Asian cues are positive, US futures are in green, and European markets too may open today in positive for the third day. As the things stand, both current high & low will be broken during the course of today's trading. Volatility will continue for yet another day. NF is likely to trade in the range of 4080 - 4190 today.

TRADING CALLS

1. 12.06PM...NF now at 4137. Go LONG. SL 4104. Target - 4187.

RESULT: NF achieved my target of 4187 at 2.10PM, and proceeded further to touch 4252.

NIFTY OUTLOOK

Nifty had yet another day of bullish trading today, and aided by short covering in the last hour of trading, nifty zoomed past 4200 level to close the day at 4233, up 122 points. FIIs net bought 255cr & DIIs net bought 273cr. Watch out for the crucial level of 4280 now. If nifty manages to close above 4280 in a day or two, the post budget fall will be covered within a short time. If not, nifty will slowly attempt to fall below 4000 again.

Nifty levels for 16.07.09 Thursday are: PIVOT 4201, R1 4282 & R2 4331, S1 4152 & S2 4070.

DAILY REPORT ON NIFTY BY kadiyali - 14.07.09 (Tuesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today gap up at 4025 against its previous close of 3965, and is currently trading at 4056. It has so far recorded a HIGH of 4064 & a LOW of 4018. Asian cues are positive, US futures are in green, and European markets will open in positive tracking the Wall Street gains.  In short, a bullish day is in front of us. The current low of 4018 will in all likelihood will not get breached, whereas on the upper side we will see new highs being recorded throughout the day.  NF is likely to trade in the range of 4018 - 4130 today.

Nifty Futures Closing Report

3.30PM...Nifty futures closed the day at 4133, up 168 points, with the opening low of 4018 remaining the low of the day, and 4135 as the high of the day. It traded in the range of 4108 - 4135, exactly in the trading range indicated in my 11AM report.

NIFTY OUTLOOK

Nifty had a highly bullish but unexpectedly volatile trade today, opening the day with a positive gap & closing the day at day's high at 4111, up 137 points. FIIs net bought 87cr & DIIs net bought 200cr.  Nifty is now slowly again  entering the Sell on Rise zone, with the current pull back rally likely to last maximum till 4230.  Any rise from hereon should be utilised first to get out of positional longs, and next to initiate some positional shorts.

Nifty levels for 15.07.09 Wednesday are: PIVOT 4071, R1 4169 & R2 4226, S1 4014 & S2 3916. 

DAILY REPORT ON NIFTY BY kadiyali - 13.07.09 (Monday)

Nifty Futures Morning Call

11AM...Nifty Futures opened the day at 3963 against its previous close of 3993, and is currently trading at 3936.  It has so far recorded a HIGH of 3963 & a LOW of 3926.  Asian cues are negative, US futures are in deep red, and further direction of nifty now depends on European cues.  The day will be very volatile with the difference between day's low & high going beyond 150 points.  I expect NF to breach its current low in the morning session, and to break its current high in the afternoon session. NF is likely to trade today in the range of 3890-4050.

Trading Calls 

1. Intraday Stock Call: 1.14PM...  BUY SESA GOA now 181. SL 176.  Target 193.

2. NF Trading Call: 1.47PM... NF now at 3949. Go LONG. SL 3904.  Target 1 - 3999.  Target 2 - 4029.

Result: Due to high volatality, both the trades were squared off, Sesa Goa at 183.90 & NF at 3951.

NIFTY OUTLOOK

Nifty had a highly volatile trade today, found support just above 3900, and closed the day at 3974, down 30 points. FIIs net sold 559cr & DIIs net bought 742cr. Nifty has now lost 450 points in the last 6 trading days, and a bounce back regaining 4000+ level is very much on the cards.

Nifty levels for 14.07.09 Tuesday are: PIVOT 3965, R1 4012 & R2 4050, S1 3927 & S2 3881.

WEEKLY REPORT ON NIFTY BY kadiyali - 11.07.09 (Saturday)

WEEK GONE BY

Nifty opened the trade into this week with Union Budget being presented on 6th Monday, went upto a high of  4479 in intraday prebudget trades, and as the Budget presentation started, began sliding down, down & down, recorded a low of 4133 on that day, before closing at 4166, down 258 points, being the biggest single day fall of the year. After a highly volatile week of trading, Nifty closed the week at 4004, down 420 points, its biggest weekly fall of the year. The high for the week was 4479 and the low for the week was 3976.

In this regard, I reproduce herebelow 2 messages I posted in Money Control Board (MMB) on 6th Monday:

1. 06.07.09, 10.30AM...Nifty futures opened today just flat at 4427 against its previous close of 4424, and is currently trading at 4446.  It has so far recorded a HIGH of 4462, and a LOW of 4427. Asian cues are negative, US futures too are in red, and there is a strong possibility of European Markets opening in negative today. Locally, we have Union Budget being presented today, which the market has been expecting to be negative for the market.  Only an out of the box surprise budget can save nifty today. If the budget turns out to be a non-starrer, nifty will fall very badly today..........

2. 06.07.09, 2.14PM...NF after touching a high of 4482 just before the start of the Budget speech, started sliding down, down & down, and has so far touched a low of 4176.  The budget was an ordinary budget, not great but not bad too, but definitely is a non-starrer.  And nifty tanked very badly as indicated in my 10.30AM report. Nifty is likely to fall below 4000 within the next 2-3 days.

WEEK AHEAD

Nifty had got into a panic mode just half an hour before the close on Friday. It was almost end of the session, and end of the week too. Panic square off of the longs brought nifty below 4000, and it did not find support till 3976, and the last minute short covering enabled it to close the week above 4000. Now the next week, we are going into a period of Q1 results of many top ranking companies. Infosys better than expected results will definitely give hope to traders/investors of a better than expected results of other corporates. The IPP data released on Friday shows pick up in industrial production. Monsoon though delayed, has started normal rains in most part of the country. 

Keeping in veiw the above, Nifty is likely to trade in a range of 3950-4300 for the next week, and close the week in positive. 

STRATEGY

1. If you are long, hold on to your longs, booking loss at this juncture will result in square off at the lower end of the nifty range for the week.

2. If you are short, close the shorts as Monday morning trades will give you the best level for short covering.

3. Get out of your longs when nifty touches any where near 4300.

STOCK RECOMMENDATIONS.

BUY THE FOLLOWING SHARES: ABAN (668), SATYAM (73), ATLANTA (70), SUZLON (82), PROVOGUE ( 40), 3I INFOTECH (63).

OPTION RECOMMENDATIONS. 

Only if you are holding profits booked out of NF trading calls , I recommend to buy  NIFTY Call 4200CE below 40.

DAILY REPORT ON NIFTY BY kadiyali - 10.07.09 (Friday)

Running Views on Nifty Futures

11AM...Nifty Futures opened today at 4095 against its previous close of 4074, and is now trading at 4082. It has so far recorded a HIGH of 4099 & a LOW of 4066. Asian cues are flat, US futures are slightly in red, and European Markets may open in redy but could recover gradually. Infosys Q1 results have beaten market expectations, and may provide better sentimenst to the market. Nifty is likely to trade major part of the first half of the session in red, but may recover in the second half. NF is likely to trade today in the range of 4030-4140.

11.45AM...NF has broken its morning low of 4066 by recording a new low of 4055, and is now at 4070. European markets are expected to open in negative today with FTSE expected to open 15 points lower.

12.34PM...NF now at 4088. Go SHORT. SL 4129. Target - 4038.

1.30PM...NF after rising from its low upto a level of 4096 started sliding down, and is now at 4078.

2.00PM...NF has broken its morning high of 4099 by touching a new high of 4123, and is now at 4117.

2.20PM...NF has recorded a further high of 4129, and in the process the stop loss of my 12.34PM call is triggered. Sorry!

3.30PM...NF after breaking its morning low of 4055, slided down, down & down, falling below 4000 mark to a final low of 3965, and closed the day at 3971, down 103 points.

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TODAY'S TRADING CALLS

1. 12.24PM...NF now at 4088. Go SHORT. SL 4129. Target 4038.
Result: Stop Loss triggered, though later NF fell to its target & upto a low of 3065.

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NIFTY OUTLOOK

Nifty continued its sell on rise movements for yet another day, and closed the day in negative at 4004, down 77 points. FIIs net sold 903cr & DIIs net bought 886cr. Nifty has now recorded its biggest weekly fall of the year. Nifty now is likely to trade rangebound for next week between 3800-4300, waiting for a clear direction from the quarterly results due from next week.
Nifty levels for 13.07.09 Monday are: PIVOT 4036, R1 4097 & R2 4190, S1 3944 & S2 3884.

DAILY REPORT ON NIFTY BY kadiyali - 09.07.09 (Thursday)

Running Views on Nifty Futures

11AM...Nifty Futures opened today at 4074 against its previous close of 4067, and is now currently trading at 4071. It has so far recorded a HIGH of 4100 & a LOW of 4055. Asian cues are mixed, US futures are in green, and European markets may open in positive today after 5 days of losses. Nifty is likely to trade indecisively just above & below its previous close for 2-3 hours of trade, after which it is likely to fall into positive decisively & close the day in positive. NF is likely to trade today in the range of 4020-4170.

11.47AM...NF now at 4042. Go LONG. SL 4009. Target 1 - 4092. Target 2 - 4129.

12.15PM...European markets are expected to open in positive with 0.4% gains & US futures too have gained from its morning levels. NF is now at 4076.

12.54PM...NF is now at 4094. Target 1 (4092) of my 11.47AM call is thus achieved.

1.30PM...NF has broken its morning high of 4100 by recording a new high of 4106, and is now at 4098. NF is facing tough resistance above 4100 level. European markets are trading in positive.

2.00PM...Selling pressure above 4100 has pulled down NF even till 4069. NF now at 4088.

3.00PM...Despite positive global cues, bulls are unable to fight with bears, and are confronted with heavy selling at every rise near 4100. NF is now at 4082. In view of this, Target 2 (4129) of my 11.47AM call is now revised to 4117.

3.30PM...Nifty futures closed the day at 4075, up 8 points.

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TODAY'S TRADING CALLS

1) 11.20AM....Intraday Stock Call: BUY ABAN LLOYD now at 676. Target 719. - The stock reached maximum to 717.90.

2) 11.47AM...NF Trading Call: NF at 4042. Go LONG. SL 4009. Target 1 - 4092. Target 2 - 4129. NF reached maximum to 4109.
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NIFTY OUTLOOK

Nifty achieved its near term target of 4050 indicated by me since last week by touching a low of 4039 today, and closed the day after highly volatile trade just flat at 4081, up 2 points. FIIs net sold 545cr & DIIs net bought 578cr. The steam of FIIs selling is evaporating with net sales for last 4 days reading 1483cr, 921cr, 828cr & 545cr. The near term target for nifty is now fixed to 4300, with its short term target getting revised to 3800.
Nifty levels for 10.07.09 Friday are: PIVOT 4079, R1 4117 & R2 4153, S1 4042 & S2 4003.

DAILY REPORT ON NIFTY BY kadiyali - 08.07.09 (Wednesday)

Running Views on Nifty Futures.

11.15AM...Nifty Futures opened today gap down at 4135 against its previous close of 4191, and is currently trading at 4070. It has so far recorded a HIGH of 4148 & a LOW of 4053. Asian cues are negative, US futures are in red, and European markets are likely to open in red today tracking the negative global sentiments. So a bearish day is in front of us, with very less chances of the current high of 4148 getting broken, and good possibility of the current low of 4053 getting breached further. However, a late session rally is very much on the cards, and so cover your shorts well before 2PM. NF is likely to trade today in the range of 3970 - 4160.

12.15PM...NF after touching a low of 4053 has been trading range bound for the last one hour, waiting for direction from European markets, which are expected to open in red today. NF is now at 4075.

1.00PM...NF has recovered above 4100 and is trading at 4110. European markets have opened in red but may recover to green as US futures have fallen into green.

1.30PM...NF after falling below 4100 & trading below 4100 for quite some time, is now at 4101. European markets are trading in red & US futures too are in the process of falling into red from green. NF may start falling towards its morning low of 4053.

2.30PM...NF after steeply falling in the morning, has been trading range bound so far, and is now at 4099.

3.30PM...Nifty futures after a full day of range bound trade, closed the day at 4065, down 126 points. Morning high of 4148 & low of 4053 remained the high & low of the day.

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NIFTY OUTLOOK

Nifty had a gap down opening today, fell to a low of 4061 almost achieving the near term target of 4050 indicated by me in my earlier reports, and closed the day at 4079, down 123 points. FIIs net sold 828cr & DIIs net bought 594cr. Nifty has now fallen by more than 400 points in 3 trading days from its intraday high of 4479 recorded on 6th to its today's intraday low of 4061, and nifty is likely to bounce back by 150-200 points in the next few days, before starting its downward journey again to achieve its short term target of 3700.
Nifty levels for 09.07.09 Thursday are: PIVOT 4114, R1 4167 & R2 4255, S1 4026 & S2 3973.

DAILY REPORT ON NIFTY BY kadiyali - 07.07.2009 (Tuesday)

Running ViewsFutures on Nifty
11.30AM... Nifty Futures opened today at 4180 against its previous close of 4154, and is now trading at 4186. It has so far recorded a HIGH of 4222 & a LOW of 4148. Asian cues are mixed, US futures are in red but there is a good possibility of European markets opening today in green. Traders' sentiments are badly damaged after yesterday's crash, and this depressed sentiments are likely to continue for the first two hours of trading today. However , nifty is all set to bounce back today & post a positive close with a decent gain, retracing at least one-third of yesterday's loss. NF is likely to trade today in the range of 4140-4270.

12.08PM...NF now at 4163. Go LONG. SL 4129. Target 1 - 4223. Target 2 - 4249.

12.27PM...NF now at 4192. Just place the trailing stop loss at buy price + brokerage so that there is no loss in this trade as per my above 12.08PM call.

12.45PM...NF after briefly recovering above 4200 mark, has started falling down and is now at 4174. European markets have opened in green, but US futures continue to be in red.

1.01PM...NF struggling to go past 4200 & is now at 4198. Just improve the trailing SL by 10 points, so that you will get a gain of at least 10 on this trade.

1.09PM...NF trade stopped out with 10 points gain.

1.30PM...Fierce tug of war between bulls & bears has forced NF to remain rangebound, and NF is now at 4170.

2.30PM...NF after trading just above 4200 for two times & falling down, has again risen above 4200 for the third time and is now at 4204. NF is facing a tough resistance for the day at this level. If this resistance is broken, NF will easily go upto 4250 today.

3.30PM...Nifty futures could not break its above resistance, and finally closed this rangebound day at 4193, up 39 points.

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NIFTY OUTLOOK

Nifty remained rangebound today with high volatility all through, and closed the day in positive at 4202, up 36 points. FIIs net sold 921cr & DIIs net bought 790cr. Nifty now is sitting on a strong support base of 4133, the breaking of which will enable nifty to achieve its near term downward target of 4050.
Nifty levels for 08.07.09 Wednesday are: PIVOT 4196, R1 4237 & R2 4272, S1 4161 & S2 4120.

DAILY REPORT ON NIFTY BY kadiyali - 06.07.09 (Monday)

Running Views on Nifty Futures.

10.30AM...Nifty Futures opened today just flat at 4427 against its previous close of 4424, and is currently trading at 4446. It has so far recorded a HIGH of 4462 & a LOW of 4427. Asian cues are negative, US futures too are in red, and there is a strong possibility of European markets opening in negative today. Locally, we have our Union Budget being presented, which the market has been expecting to be negative for the market. Only an out of the box surprise budget can save nifty today. If the budget proves to be non-starrer, nifty will fall very badly today. Further a pendulam like volatality will be witnessed during the entire period of budget presentation, hence it is better to stay away from intra day trades today. Nifty is likely to take full 2 days to absorb the positives/negatives of the Budget.

2.00PM...NF after touching a high of 4482 just before the presentation of the budget, started sliding down, down & down, and has touched a new low of 4176, amd is now at 4202. Union Budget was an ordinary budget, not great but not bad too, but definitely a non-starrer. And nifty tanked very badly as indicated in my 10.30AM report. Nifty is likely to fall below 4000 within the next 2-3 days.

3.30PM...Nifty futures after touching a final low of 4121, closed the day at 4161, down 263 points, its biggest single day loss in 2009.

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NIFTY OUTLOOK

A normal budget without any out of the box surprise elements was presented today, and the result was as expected, and Nifty tanked very badly, and closed the day at 4166, down 258 points, its biggest single day fall in 2009. FIIs net sold a whopping 1483cr & DIIs net bought 816cr. Nifty now having breached its intraday low of 4143 recorded on 23rd June, is all set to achieve its near term target of 4050.
Nifty levels for 07.07.09 Tuesday are: PIVOT 4259, R1 4385 & R2 4605, S1 4039 & S2 3913.

INTRADAY TRADING IN NIFTY FUTURES - A GOLD MINE.

I am one of the active boarders of the Message Board of Moneycontrol.com (MMB). I am posting my Nifty Futures Trading Calls on 'Market Strategy - Day Trading' Section of the said MMB every trading day, under my id 'kadiyali'. Interested investors may track my trading calls from MMB, and trade in Nifty Futures for a handsome & regular intraday gains.

GUIDELINES FOR NIFTY FUTURES TRADING: All investors are requested to note the following guidelines while trading intraday in Nifty Futures.

1. Only after tracking my Nifty Future Trading Calls for full 10 days & satisfying about high rate of success, one should get into actual trading.

2. One should start actual trading with ONLY ONE LOT & not more than one lot, and the funds required for this is appx Rs 36,000 (margin + cushion for initial trade loss). This original investment should be strictly out of one's savings, and one should not resort to borrowings to start this trading.

3. I may be able to give only 12 calls in a calendar month, and the success rate of my NF trading calls is 2 out of 3, with chances of one out of every three calls hitting the stop loss. Hence one should trade with STRICT STOP LOSS, mentioned by me in the trading call.

4. I give the call only if & when there is a possibility of gaining 50 points. So my Target 1 will be exactly 50 points, and Target 2 will be appx 25-30 points from Target 1.

5. After taking a position and once T1 is 15 points away, y0u should place your order for booking the profits at 50 points from your purchase rate. You should never aim at T2 in the beginning, and be satisfied with only 50 points gain. Similarly this is a DAY TRADING CALL, and hence the position should not be carried over to next day under any circumstances.

6. Any of the days if stop loss is hit, the next day you can aim at T2 to recover your previous day loss

7. Once you trade in NF for two months, you should be reasonably able to earn profits equal to your original investment. Only after this is achieved, you can start trading in TWO LOTS.

8. About a month from the date of starting your two lots trade, you will be able to earn profits equal to your original investment of 36K, which should be promptly transferred back to your bank account, and continue to trade in two lots, WITHOUT ANY FEAR, as the funds deployed thereafter in daily trading will be out of the profits earned by you.

9. Once you start earning daily profits out of FREE TWO LOTS as mentioned in para 8 above, these profits can be invested in select BLUE CHIPS, and thereby build up a free Blue Chip Portfolio.

If you trade in Nifty Futures without deviation of any of the above guidelines, within 3 months from the date of your starting the NF Trading, with 36K investment, you will be able to (a) withdraw your original investment, (b) earn 2 free NF lots, and (c) keep earning monthly returns to invest in Blue Chips.

Now my calculation & assumptions: only 12 calls in a month, out of which 4 can fail, giving 8 successful trades, loss incurred in 4 failed trades will be recovered next day with T2 aim, thus Total Profit = 50 points per lot of 50 NF = 50 x 50 = 2500 per day multiplied by 8 successful trading days = 2500 x 8 = 20,000 less brokerage 2000 = net profit = 18,000.

A RETURN OF 50% PER MONTH ON THE ORIGINAL INVESTMENT OF 36,000.

Disclaimer: Nifty Futures Trading is subject to market risk & my trading calls can fail beyond my claim of 4 out of 12 calls due to human error. Follow my trade only with risk inherent in such trades.

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MY DAILY REPORT ON NIFTY - 02.07.2009 (Thursday)

Running Views on Nifty Futures

11AM...Nifty Futures opened today at 4358 against its previous close of 4338, and is currently trading at 4223. It has so far recorded a HIGH of 4358 & a LOW of 4305. Asian cues are mixed, US futures are in red, and European markets may open in negative today after yesterday's gains. Local factors like Economic Survey & nearness to the budget too could have bearing on NF movement. NF is likely to trade today in the range of 4260-4370.

11.30AM...NF has been trading rangebound, now at 4330, waiting for a direction from European markets, which are expected to open in negative today with FTSE expected to open 25 points lower.

12.10PM...NF now at 4375. Go SHORT. SL 4401. Target 1 - 4325. Target 2 - 4292.

12.25PM... NF after breaking its morning high of 4358 & touching a fresh high of 4376, started sliding down, and now trading at 4321. Thus Target 1 (4325) of my 12.10PM call is thus achieved.

12.50PM...NF has breached its morning low of 4305, recorded a new low of 4291, and is now at 4301. In the process, Target 2 (4292) of my 12.10PM call also is achieved.

1.30PM...NF has breached its above low of 4291 & touched a further low of 4276, and is now trading at 4290.

2.30PM...NF after touching the low of 4276 has been rising slowly & steadily for the last one hour, has already recovered above 4300 level, and is now at 4312.

3.30PM...Nifty futures closed the day just flat 4340.


NIFTY OUTLOOK

Nifty had whipsaw trading today, going up 40 points above its previous close in the morning, and then falling 50 points below its previous close around noon, and finally closing the day near flat at 4349, up just 8 points. FIIs net bought 247cr & DIIs net bought 213cr. Technically, nifty is all set to breach its intraday low of 4313 touched on 23rd in the coming days, unless an out of the box surprise budget gives nifty a close above 4450 on Monday.
Nifty levels for 03.07.09 Friday are: PIVOT 4340, R1 4392 & R2 4435, S1 4297 & S2 4245.

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MY DAILY REPORT ON NIFTY - 03.07.2009 (Friday)

Running Views on Nifty Futures.

11.15AM...Nifty Futures opened today in negative at 4315 against its previous close of 4345, and is currently trading at 4346. It has so far recorded a HIGH of 4358 & a LOW of 4305. Asian cues are negative, but US futures are in green, and European markets may open just flat today after yesterday's massive loss. Today being the last trading day before the Union Budget, good buying can be seen throughout the day. The morning low of 4305 may not get breached today, and may remain the low of the day, and on higher side, NF may go past 4400. In short, a day of positive close with substantial gains is on the cards.

12.30PM...Slow & steady buying has enabled NF to break its morning high of 4358 by recording a fresh high of 4371, and is now at 4361.

1.00PM...NF after touching the above high of 4371 has been sliding down, and is now at 4346. European markets have opened in green today, but are trading near flat in red now, amidst low volume due to closure of US market today. US futures continue to be in green. Now on, NF will again start its rise with the budget-eve buying.

1.42PM...NF now at 4333. Go LONG. SL 4289. Target 1 - 4383. Target 2 - 4410.

2.00PM...NF is witnessing fierce tug of war between bulls & bears, and is now trading at 4349. Just place the trailing stop loss at buying price+brokerage, so that there will not be any loss in my 1.42PM call of going long at 4333.

2.15PM...NF has broken its earlier high of 4371 by touching a new high of 4389, and is now at 4381. In the process, Target 1 (4383) of my 1.42PM call is achieved.

2.45PM...NF has gone past 4400 mark as indicated in my 11.15AM report, has broken its earlier high of 4389 by touching a new high of 4415, and is now at 4411. In the process, Target 2 (4410) of my 1.42PM call is also achieved.

3.30PM...Nifty futures after touching a final high of 4434 has closed the day at 4424, up 80 points.

NIFTY OUTLOOK

Though Nifty traded today in negative in the early hours, buying support on Budget expectations enabled nifty to post a handsome gain for the day, and nifty ended the day at 4424, up 75 points. FIIs net bought 211cr & DIIs net bought 299cr. Nifty is now very close to its tough resistance of 4440, the strength of bulls & bears are evenly matched, and there is a strong possibility of highly volatile trades on Monday, the Budget presentation day, throughout the day. If nifty gets a close above 4450 on Monday, the near term target of nifty of 4050 may be revised to 4700. However, the short term target of 3800 will remain intact.

Nifty levels for 06.07.09 Monday are: PIVOT 4386, R1 4473 & R2 4521, S1 4337 & S2 4250.

kadiyali.

A SMALL INVESTORS' GUIDE FOR TRADING & INVESTMENT IN INDIAN STOCKS.

This Blog is meant to enable all small investors :

1.To carry out Intraday Trading in Nifty Futures.

2. To Day Trade in selected stocks which move in line with nifty.

3. To identify MULTIBAGGERS in Indian Stocks, and invest in them.

This blog will be updated every day. Members' querries will also be replied within 24 hours.

kadiyali.