Wednesday, July 22, 2009

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.

Posted by at

19 comments:

  1. UnknownJuly 22, 2009 at 11:24 AM

    Hi Kadiyali ji,
    Nifty 4400PE is now available at 32. Shall i go for it for 2 lots?

    Regards,
    Srini

    ReplyDelete
  2. AijazJuly 22, 2009 at 12:22 PM

    Hello Kadiyali sir, Can i buy Nifty 4400 PE at 38 now. If yes, what is the target price. Please let me know. Thanks!

    ReplyDelete
  3. R.S. SUNDARAMJuly 22, 2009 at 1:28 PM

    Dear Kadiyaliji: We are anxiously looking for your nifty intra day calls. Why you have stopped giving for the past few days. Please ack. thanks & regards. Sundaram

    ReplyDelete
  4. kadiyaliJuly 22, 2009 at 3:23 PM

    Dear srini/aijaz,

    When I have clearly mentioned in my Saturday report to buy 4400PE if it slips below 40, where is the need for asking for a confirmation again? It is already above 80 now, and I hope you both have bought the same when it was below 40. Rgrds.

    ReplyDelete
  5. kadiyaliJuly 22, 2009 at 3:24 PM

    Dear sundaram,
    As I have been busy on this fiftypointsaday project, I could not allot time for giving NF trading calls. I will flow soon but in a different format, keep reading the blog. Rgrds.

    ReplyDelete
  6. UnknownJuly 22, 2009 at 3:24 PM

    Thank you very much kadiyali ji for your reply.

    ReplyDelete
  7. R.S. SUNDARAMJuly 22, 2009 at 3:26 PM

    Dear Kadiyaliji. Thank you for your reply. C ur calls soon. Regards. Sundaram

    ReplyDelete
  8. HemantJuly 22, 2009 at 4:04 PM

    Hi sir

    Is it good idea to buy Aug 5300ce
    regards
    Hemant

    ReplyDelete
  9. Fearless Bear ....July 22, 2009 at 4:27 PM

    u r right sir 4400 put 40 below low and highe 88+++

    ReplyDelete
  10. anjum64July 22, 2009 at 6:32 PM

    Dear Kadyaliji,
    As per your recomendation I have bought100 Balaji Tele @ 48/= (BTST) for two days target of 56/. Now that it is available at 45/= should I buy more? Thanks.

    ReplyDelete
  11. AijazJuly 22, 2009 at 6:38 PM

    Thanks Kadiyali sir.

    ReplyDelete
  12. kadiyaliJuly 22, 2009 at 7:22 PM

    Dear anjum,
    Balaji Telefilms can go to even 60 anytime this month. But buy further only if it touches 41. Rgrds.

    ReplyDelete
  13. anjum64July 22, 2009 at 7:37 PM

    THANKS FOR THE REPLY KADYALIJI. I WILL DEFINETLY BUY MORE @ 41/= AS ADVISED.THANKS

    ReplyDelete
  14. RajatJuly 22, 2009 at 8:14 PM

    Hi Kadiyali,

    This is Rajat here (coolboy007), find this blog a better way than mmb to interact with you.
    Thanks for such a nice blog, levels are as usual bang on target. I played on safe side and booked profits in 4400 PE as advised by you today itself, i wanted your opinion, today i bought CA920 july of relcapital @13(LOD) 1 lot-276 units, what would you advise me to do with it?

    Rajat

    ReplyDelete
  15. shajanJuly 22, 2009 at 8:23 PM

    This comment has been removed by the author.

    ReplyDelete
  16. shajanJuly 22, 2009 at 8:26 PM

    This blog is better than MMB. Messages appear as soon as they are posted, unlike MMB - Thanks for the blog and guidance, Shajan.

    ReplyDelete
  17. kadiyaliJuly 22, 2009 at 8:47 PM

    Dear rajat,
    I am unable to comment about stock options as I have still not started concentrating on them. However, you may just read my NIFTY OUTLOOK posted above today, and try to get out of the longs using any rise tomorrow. Fresh longs may be added only nearer to 4200 if nifty falls to that level. Rgrds.

    ReplyDelete
  18. ramsfmJuly 22, 2009 at 9:30 PM

    Dear Kadiyali Sir,

    Thanks once again for creation of this blog and it is very nice and easy to communicate with you rather than waiting on MMB.

    After your 11AM report, I bought 2 lots of 4500PE today at 70/- and sold same at 145/- today its self.

    I would buy 4400PE tomorrow morning if i get chance to enter below 80/-.

    Thanks,
    Ramesh.

    ReplyDelete
  19. AnonymousDecember 9, 2013 at 11:48 AM

    Today Nifty open at 6,358.50 with the gain of +98.60 (1.58%) point.Please provide some stop loss tips for this share price
    mcx tips free trial on mobile

    ReplyDelete

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