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.
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Sir,
ReplyDeleteAm an avid follower of your calls,even after doing trading in market for 3-4 years i wasn't able 2 actually understand the market,but after following ur calls and the way u take calls,i have learnt many things from you.I am very very grateful to you sir for this selfless service done by you.
God Bless you Sir.
Sir i am planning to donate half of my profits to charity,temple and other good purposes.In that half i would like to donate on ur name.Am giving Kadyali as ur name sir.
Thank you once again.
-kiran
Dear kiran,
ReplyDeleteGood to hear about your plans to make use of 50% of the profits for charity, temple & other good causes. Hope God blesses you, me & all other members of this blog good profits in the days to come on a regular basis. Rgrds.