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.
Hello kadiyali,
ReplyDeleteCan we buy 4600 put for intraday and at wat price can we exit ?
Regards
Purushothaman
Ur reply as fast as possible will be gud sir
ReplyDeleteDear purushothaman,
ReplyDeleteYou can buy 4600PE ONLY if & when NF goes beyond 4585. Rgrds.
Dear Kadiyali Sir,
ReplyDeleteI took position on 4600PE today morning at 65 and now it is 75/-.
After seeing your reply wanted to book profit now its self.
What do you say? shell i book now its self or can wait/
Thanks,
Ramesh.
Dear Kadiyali Sir,
ReplyDeleteSold 4 lots of 4600PE at 105/-(Bought today morning at 65/-).
Still 6 lots of 4500PE is in open.
Thanks,
Ramesh.
Kadiyali Sir,
ReplyDeleteI need your valuable suggestion here,
6 lots of 4500PE is my current open position when should i book profits.
Thanks,
Ramesh.
Dear ramesh,
ReplyDeleteOnce your losing trade comes into profit, it is prudent to book profit one lot by one lot for every rise. Hope you have done that already. At least have you not saved the money which otherwise you would have put in calls to hedge the 4500PE? Just read my recommendations for options in my last 3 Weekly Reports released every Saturday. If readers of this blog had just taken only those options, just imagine how much money they would minted in 3weeks? Rgrds.
Its really fantastic sir.
ReplyDeleteYes i did not miss your single message has of now from march 2009 onwards.
Actually i missed profits in my 4600PE bought at 65 and sold at just 105/- but ran like any thing today.
I am not worrying on missing the profits still we lot oppurtunity in market under my great Kadiyali sir guidence.
Thanks for your great calls given to us.
Thanks,
Ramesh.
THANK U SIR,
ReplyDelete4550 PE BOUGHT AT 28 AND BOOKED PROFIT AT 80,
rEGARDS
MANOJ
Dear Prabhanshu,
ReplyDeleteI had suggested you a way to recover your money in 4200PE taken at an average rate of 15, by first buying 4500PE equivalent to 20% of the 4200PE holdings, and to sell the 4200PE & recover whatever money at CMP.
If you have done that, your entire money is recovered with profits today. Rgrds.
Sir,
ReplyDeleteCan i still buy 4500 PE at 65-70 levels now ?
If not then what do you suggest as am little novice in the this trade but i follow your blog......
Regards,
Arvind
Dear Indian Estate,
ReplyDeleteNow you can wait for my next Weekly Report on Saturday. Rgrds.
Sure sir will wait.........
ReplyDeleteRegards,
Arvind
sir after your post i also convert my 4400 put into 4600 put & today it give me my best ever return in stock mkt thanks sir
ReplyDeletesir i sold 4600 put at 172 should i buy it again if it fell below 100 my profit in trade was 80 rs after deducting 4400 put loose pls rply
ReplyDeletedear sir,
ReplyDeleteMissed the chance to buy put(due to sudden fall) can we buy now
dear sir ,
ReplyDeleteur reply will gud if given fast so that i will not miss the chance this time
sir one more thing you were telling someone to buy ril 1920 put at 31 if it come at that rate today is it wise to buy it for tommorow pls advise regrds....
ReplyDeleteDear Sir,
ReplyDeleteI bought 2500 shares of Satyam at 106 3 days back any advice on that to hold or sell ?
Regards,
Arvind
Hi Sir,
ReplyDeleteI sold out all my position yday at huge loss. After seeing today's market action, I know i did blunder. Else I cud have in profit also. Also, today I thought of buying 4600PE at 18 but as I believe more on my bad luck, I dint buy and missed this rally in 4500Put.
Rite now cant say that how much I am into depression cz of this loss. This is my secong huge loss in options.
Secondly, I lost my patience even after taking action on your advice.
Now I am left with minimal amount of money (Rs 6k which I can afford to loose)
Please advice how I can invest this money and cover up my incurred losses.
Will buying 4700put aug expiry will be of some help?
Thanks in Advance
Kadiyali Sir,
ReplyDeleteI just want to thank you for the help you did for me and my family. I will tel u later about this. But thanks a million for your help
Thanks,
Pariksith
Dear prabhanshu,
ReplyDeletePl stop trading in options for the time being, and wait for your good time. I dont suggest you to get out of the market, but retain whatever money left with you, and keep adding to it, till it comes to a level from where you can start trading again. Till then, do the paper trading in options, and gain confidence. Rgrds.
Again bought 4 lots of 4500CE at 32/- and sold at 48.45/-.
ReplyDeleteNo open positions for tomorrw.
Thanks kadiyali sir.
If possible can you give pre-close report.
Thanks,
Ramesh.
Dear gaurav,
ReplyDeleteOnly if you have good profits on hand, just take a risk & buy ONLY ONE LOT of RIL PA 1920 for 16. Mentally write off the amount, the moment you buy this option today. Rgrds.
Dear ramesh,
ReplyDeleteNifty may close below 4400 tomorrow for the expiry. Just my feeling ONLY based on today's trading pattern. DONT TAKE ANY POSITION BASED ON THIS VIEW. Rgrds.
sir i am buying 1 lot ril put 1920 at 17 let hope for profit thanks sir
ReplyDeleteDear indian estate,
ReplyDeleteIf you are buying Satyam at 106, at the rate at which I have asked so many people to part liquidate, what can I tell you? Always buy any share when nifty corrects substantially, buy more if it falls more. Similarly, wait for nifty to rise substantially, start selling what you have bought when nifty was low, sell more if nifty rises further, till whatever you have bought is sold off in good profits. Then wait with cash for one more steep correction of nifty.
Pl note this blog is restricted to F&O, and trading, and any querries regarding investments should be raised only in Money Control, so that many others can take advantage out of the same. So pl talk to me about shares, if I have given a call for buying of the same for short term in this blog, like I asked to buy a big chunk of shares two three weeks back, and like Balaji Telefilms last week. Rgrds.
Thanks Sir,
ReplyDeleteI have closed all positions and no open positions to tomorrow.
1) 6 lots of 4500PE@AVG 50/- and sold today at 72.55/-.
2) 4 lots of 4600PE @65/- and sold today @105/- Intraday trade.
3) 4 lots of 4500CE @32/- and sold today @48.45/- Intraday only.
If possible i will take 2 lots of 4500PE tomorrow other wise will short 1 lot Nifty Future.
Don't want to take to much risk tomorrow unless direction is very clear.
Thanks,
Ramesh.
This comment has been removed by the author.
ReplyDeletehi
ReplyDeletei have a nifty future short at 1574. this is the first time i am doingwith futures. has tomorrow is the last day do i need to buy that lot or is there any option of converting to nifty future august.
thanks
justin
Dear justin,
ReplyDeleteTomorrow by 3.30PM if you dont square off the NF short, it will get squared off automatically, and the profit or loss in the transaction will be adjusted in your trading account. If you want to carry over to August, you have to first square up July, and short in August series. Rgrds.
Dear purushothaman,
ReplyDeleteYou have to trade OPTIONs with a cool mind, because the erratic swings in the options will find us always committing mistakes. That is why I give my option picks only on Saturday, giving ample time for members of this blog to pick up the options coolly. Take for example, if I say in my last Saturday report, to buy 4600PE(CMP 85) below 60, that means it will come to you very shortly below 60. If it does not come, does not matter. When it is in the process of falling below 60, if you place your order to buy say at 59.10, it will get automatically executed, and all that you have to do is to coolly wait for the target. This particular option namely 4600PE gave us a chance to pick up below 60 yesterday as well as today.
Pl keep the above in mind, and trade in options next time. It is always enjoyable for everybody, if people silently make money based on my recommendations. Rgrds.
Dear Kadiyali Sir,
ReplyDeleteI am following your Blog and Mmb for quite some time and have been benefitted also. As you advice to tade in options only from the money earned from NF, I am not able to trade in options as the frequency of NF calls is very less. Please give more interaday calls in NF. I have a very limted understanding of options (I don't know how much money is required to buy a call or put etc.)
Sir, You are dong a selfless service which is very rare in any times. May you lead a long, healthy and fruitful life.
Regards
Arvind Katyal