Friday, July 24, 2009

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.

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12 comments:

  1. ramsfmJuly 24, 2009 at 11:19 AM

    Dear Sir,

    I bought 4500PE @57.5 after seeing your report.
    Will buy another 2 loots of 4500PE Again if it comes below 50/-.

    Correct me if i am doing any wrong here.

    Thanks,
    Ramesh.

    ReplyDelete
  2. ramsfmJuly 24, 2009 at 1:57 PM

    Dear kadiyali Sir,

    took position on 4500PE @57.5 today morning as i sad above and now your SL 583 trigerred,
    Shell i exit now its self or can i carry this to monday?

    Thanks,
    Ramesh.

    ReplyDelete
  3. ramsfmJuly 24, 2009 at 3:35 PM

    Carrying 4500PE @59/- to monday.

    ReplyDelete
  4. kadiyaliJuly 24, 2009 at 3:37 PM

    Dear Ramesh,
    I am carrying 4500PE at 43 to Monday. Rgrds.

    ReplyDelete
  5. RajatJuly 24, 2009 at 4:14 PM

    This comment has been removed by the author.

    ReplyDelete
  6. RajatJuly 24, 2009 at 4:15 PM

    Dear Kadiyali,

    After reading your report i booked my Relcap ca at 23 bought at 13. Didnt want to take risk for Monday.

    The Nifty 4500 PE was squared off the same day, it was bought on wednesday. Awaiting your weekly report anxiously.
    Thanks

    ReplyDelete
  7. ramsfmJuly 24, 2009 at 4:21 PM

    Dear Kadiyali Sir,

    I thought of buying some more at 40 level but did not now i am holding 4 lots of 4500PE.

    Awaiting for your weekly report.

    Thanks,
    Ramesh.

    ReplyDelete
  8. AnilJuly 25, 2009 at 7:42 AM

    I am also holding 45ooPE bot at 69. Pls suggest a range at which i should book profit or loss

    thanks
    Anil

    ReplyDelete
  9. sanjivJuly 25, 2009 at 8:46 AM

    Kadiyaliji namaste,
    I am holding minifty future 4493.50 and minifty4400PE at 44,please guide me what decission should i take on monday27july.
    regards
    sanjiv

    ReplyDelete
  10. sanjivJuly 25, 2009 at 9:16 AM

    This is sanjiv again,my holdings are short minift futures july30-4493.50,which i forgot to mention in my 8.46am message.
    regards
    sanjiv

    ReplyDelete
  11. CapgainersJuly 25, 2009 at 6:23 PM

    Hi Kadiyali,
    I have invested in 4200 Put jul expiry and now in huge loss. My avg buy price of 4200 put is 14.50 (cmp 5). I did the mistake by averaging it again and again knowing that averaging in option is not advisable. But I did it thinkin that wenvr thr is mkt correction, I will be having a chance to reduce my loss and come out of it. But nw it seems that market is not gng to correct before its expiry n also the time value is gettin decreased day by day.
    Sir, I m in huge loss..please advise the alternative to overcome ths loss or still shd i wait. I am awaiting ur advise. Please take out smtime out if ur busy schedule to address my problem. Thanks in advance.

    ReplyDelete
  12. kadiyaliJuly 25, 2009 at 8:38 PM

    Dear Prabhanshu,
    Your 4200PE taken at an average cost of 15 will result in gains to you only if nifty closes this expiry below 4185, and the chances of this happening looks to me as zero. So to increase these chances to 50%, I suggest you to convert your existing holdings of 4200PE into 4500PE holdings equal to 20% of your existing holdings of puts. If you hold now 500 (10 lots) of 4200PE, you should ensure that you get out of these & hold 100 (2 lots) of 4500PE which will require you to pump in some additional funds. Complete this exercise within one hour of trading on Monday, by ensuring the following:

    1. If market rises in the morning, BUY 4500PE on the rise, and wait for market to fall to sell your 4200PE.

    2. If market falls in the morning, SELL 4200PE & BUY 4500PE.

    3. Hold 4500PE till your total investment is back OR expiry whichever happens first.

    If you follow the above, your chances of losing & gaining will rise to 50:50 from the existing position of 100:0. Rgrds.

    ReplyDelete

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