Nifty Futures Morning Call
11AM...Nifty Futures opened today at 4151 againts its previous close of 4112, and is currently trading at 4134. It has so far recorded a HIGH of 4154 & a LOW of 4117. Asian cues are positive, US futures are in green, and European markets too may open today in positive for the third day. As the things stand, both current high & low will be broken during the course of today's trading. Volatility will continue for yet another day. NF is likely to trade in the range of 4080 - 4190 today.
TRADING CALLS
1. 12.06PM...NF now at 4137. Go LONG. SL 4104. Target - 4187.
RESULT: NF achieved my target of 4187 at 2.10PM, and proceeded further to touch 4252.
NIFTY OUTLOOK
Nifty had yet another day of bullish trading today, and aided by short covering in the last hour of trading, nifty zoomed past 4200 level to close the day at 4233, up 122 points. FIIs net bought 255cr & DIIs net bought 273cr. Watch out for the crucial level of 4280 now. If nifty manages to close above 4280 in a day or two, the post budget fall will be covered within a short time. If not, nifty will slowly attempt to fall below 4000 again.
Nifty levels for 16.07.09 Thursday are: PIVOT 4201, R1 4282 & R2 4331, S1 4152 & S2 4070.
thank u sir your tip worked well
ReplyDeleteSirji ... U r th greatest ... So Perfect calls ... I picked up 4200 call at 34 which is now 140 ... Hats off to u sir ...
ReplyDeleteakhilrulez on moneycontrol
I'm a silent follower of you for almost two months.. your calls are amazing. i'm doing nifty options trading for almost 6 months by following couple of charts and comparing that with "Dharmesh Bhatt" and businessline trading guide.. i'm successful so far following these two to quite and extent. But your calls are truly amazing.. hats off to you for your daily updates which is a gift to many day traders.
ReplyDeleteMy gain for the last two days are huge.. i rode nifty 200 calls from 32 to 140 and sold half. got great profit sitting with 300% gain of my 60000 investment. you are one of the reason behind this great profit. Thanks you Sir.... God bless you.
FYI.. Dharmesh Bhatt (valuenotes.com) is the one who i follow for futures and options before.. now i'm following you both
ReplyDeleteThanks for your great calls