Friday, July 31, 2009

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. 

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31 comments:

  1. RajatJuly 31, 2009 at 11:16 AM

    Kadiyali,
    Thanks for todays report.
    God saved me yesterday i guess. My broker terminal was down and fund transfer didnt work so i couldnt short nifty fut.

    I intend to take the 4500 PE today as seems Nifty is peaking out. What do you suggest? Also my eyes were on ICICI 700 put.

    ReplyDelete
  2. kadiyaliJuly 31, 2009 at 11:33 AM

    Rajat, you can think of PE's if NF goes nearer to its day's high of 4679, but only for intraday, because today the trading in DOW may be with a big margin either down or up.

    ReplyDelete
  3. RajatJuly 31, 2009 at 11:42 AM

    Dear Kadiyali,

    Well, have seen your trading call now at your blog. Have put in a limit order to buy 4500 PE below 95. I think we will get this put as 4680 may be tested and it will hit below 95 today.

    Thanks
    Rajat

    ReplyDelete
  4. kadiyaliJuly 31, 2009 at 11:48 AM

    Rajat, there are two ways of viewing this call. 1)If nifty falls without going up further, 4500PE will go to 135 without providing us an opportunity to enter this trade. If nifty falls but after again touching its day's high as you said, we will get the opporunity to buy at 95. 2)If nifty rises further beyond 4700, out SL will be hit but the loss will be from 95 and not from 106.

    ReplyDelete
  5. UnknownJuly 31, 2009 at 12:02 PM

    Hi Kadiyali ji,
    As i have limited funds, i placed an order for 4600pe@130. Will it execute today? It is for intraday.

    ReplyDelete
  6. kadiyaliJuly 31, 2009 at 12:11 PM

    srini, you may cancel the order for 4600PE placed at 130, and go for double lots for 4400PE below 60.

    ReplyDelete
  7. ramsfmJuly 31, 2009 at 12:26 PM

    Dear Sir,

    Today i bought 2 lots of 4500PE at 106/- and sold same at 112/- after seeing your trading call.

    Again i placed buy order at 97.55/- but when i am trying to place STOP LOSS at 77.55/- it is is saying that "STOP LOSS CANNOT BE LESS THAN LOST TRADE PRICE".

    How to place STOP LOSS ORDER(I am using ICICI DIRECT).

    Thanks,
    Ramesh.

    ReplyDelete
  8. UnknownJuly 31, 2009 at 12:45 PM

    Thank you Kadiyaliji for your advice, i revised my order from 1lot of 4600pe to 4400pe 2 lots@59. let us see what happens.

    ReplyDelete
  9. kadiyaliJuly 31, 2009 at 12:50 PM

    srini, if you get it is ok. Otherwise does not matter. We should try to reduce the possibility of loss first before thinking of profits.

    ReplyDelete
  10. R.S. SUNDARAMJuly 31, 2009 at 1:32 PM

    Dear Kadiyaliji:

    I am still holding Balaji Tele, when you gave first call to buy this. What is your advice? Thx & regds. Sundaram

    ReplyDelete
  11. htntradeJuly 31, 2009 at 1:40 PM

    I am holding 2 shorts for August at 4242 and averaged at 4540. Should i continue holding it?

    ReplyDelete
  12. kadiyaliJuly 31, 2009 at 1:50 PM

    htntrade, you may get a level close to 4400 in a few days. So if financially feasible, you can further average near to 4750 if at all it goes there.

    ReplyDelete
  13. htntradeJuly 31, 2009 at 1:53 PM

    Thanks for the advice. I will try to average it at that level.

    I also bought Balaji tele and plan to hold it. Should i be buying Atlanta for long term though it has gone up from your reco price of 70 to 104 today?

    ReplyDelete
  14. gauravJuly 31, 2009 at 2:02 PM

    sir it will b very good for we people if u can give us your view on some stock options regds...

    ReplyDelete
  15. kadiyaliJuly 31, 2009 at 2:06 PM

    gaurav, option field is very vast. It is not possible to cover every thing so early. First we should succeed in trading in nifty option, once successful, we can always diversify into stock options of those shares which move in line with nifty.

    ReplyDelete
  16. UnknownJuly 31, 2009 at 2:19 PM

    Sir
    Any suggestion on call options ?

    Rgrds,Arvind

    ReplyDelete
  17. gauravJuly 31, 2009 at 2:20 PM

    ok sir & thanks for your promt reply

    ReplyDelete
  18. RajatJuly 31, 2009 at 2:24 PM

    Hi Kadiyali,

    Bought a SBI PA 1710@ 40 1 lot. Dont know whether right or wrong but did the trade. Dont think that 4500PE order will get traded today.
    SBI is jumping here and there. SL is 1850

    Thanks
    Rajat

    ReplyDelete
  19. kadiyaliJuly 31, 2009 at 2:35 PM

    Rajat, I shorted NF at 4655, and immediately placed an order for one more at 4682. Similarly I bought 4500PE at 113.05 & immediately placed an order for 84.80. The second orders of both NF & 4500PE in tune with my call above did not materialise. NF short squared at 4610, and holding now 4500PE for intraday.

    ReplyDelete
  20. SuchIsLifeJuly 31, 2009 at 3:14 PM

    Kadiyaliji..

    Do you see more short covering happening in the last 15mins left or it may come down again??? please suggest i went long at 4610.. now 4635.. cheers..

    sreeram

    ReplyDelete
  21. kadiyaliJuly 31, 2009 at 3:17 PM

    Sreeram, you can square up at 4650.

    ReplyDelete
  22. SuchIsLifeJuly 31, 2009 at 3:21 PM

    thanks Kadiyali.. i will put 4650 as stop loss.. nocw cheers

    Sreeram

    ReplyDelete
  23. kadiyaliJuly 31, 2009 at 3:29 PM

    coolboy1966, hope you have squared off your NF short when nifty fell below 4600 as expected.

    ReplyDelete
  24. JustinJuly 31, 2009 at 6:11 PM

    hi.just for information. i using reliance money but many are telling that they are charging more now. i do not have much idea about other brokerage companies but you may have many ideas. according to you for donig futures which brokerage company do you think is cheaper.
    thanks
    justin

    ReplyDelete
  25. SuchIsLifeJuly 31, 2009 at 6:40 PM

    Kadiyali.. with GDP data in US announced tonight i bought 4000PE and 5200CE 2lots each under 25/-

    Do you think it is a good statergy? need ur advice on that..

    Will look forward for ur weekly report..

    Sreeram

    ReplyDelete
  26. sanjivJuly 31, 2009 at 8:22 PM

    kadiyaliji,namaste
    I am holding minifty futures avg 4570-3lots short,on monday will i get chance to squareoff at4540 or better levels?pls guide.
    regards
    sanjiv

    ReplyDelete
  27. BIPINAugust 1, 2009 at 8:45 AM

    Kadiyali sir,
    while going thru june 09 results of atlanta they have shown a profit of 6.47 crore but have not provided for MTM LOSS of 22 cr and amortization of mumbra bye pass road of 11 crore..
    your cooments..
    regards
    bipin

    ReplyDelete
  28. ramsfmAugust 1, 2009 at 8:57 AM

    Dear Justin,

    RK Global Securities charging 9/- per lot for F&O, That comes around 14/(Including taxes and surcharges).

    If you are doing more option trades then RK Global better to save brokerage but my observation site is some what slow as compared to sharekhan.

    If you are doing limited tarde in F&O in only NF and STOCK future then go for Sharekhan.

    I know sharekhan, ICICI, Geojit and RK Global.
    Wait kadiyali sir response he may advice some thing good if any.
    Thanks,
    Ramesh.

    ReplyDelete
  29. INDITRADERAugust 1, 2009 at 10:19 AM

    Kadiyali sir,
    WHY U not post your Nifty short call on blog?
    I wait for your call which I not find so I trade at long at last at 4658 levels and incur a loss of 58 points on nifty.
    PLZ sir post all your trades on this blog to benefit all of us.
    THX

    ReplyDelete
  30. JustinAugust 1, 2009 at 11:26 AM

    ram
    thanks for your reply.
    justin

    ReplyDelete
  31. kadiyaliAugust 1, 2009 at 11:59 AM

    sanjiv, nifty gave you a chance on Friday to come out of your short taken at 4570 with minimum loss. Anyway, you may be able to square off without loss or may be even with profits sometime next week.

    ReplyDelete

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