Wednesday, August 5, 2009

DAILY REPORT ON NIFTY BY kadiyali - 05.08.09 (Wednesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4677 against its previous close of 4679, and is currently trading at 4653. It has so far recorded a HIGH of 4713 & a LOW of 4642. Asian cues are negative, US futures too are in red, and European markets may open FLAT today. Nifty will trade today both in positive & negative alternatively, and will end the day in negative again with minor loss. NF is likely to trade in the range of 4590-4713 today.

Market Closing Report

3.30PM...Nifty futures closed the day at 4696, up 17 points, after touching a low of 4622 & a high of 4721.

NIFTY OUTLOOK

Nifty traded today in both positive & negative alternatively and finally ended in positive, at 4694, up 14 points. FIIs net sold 690cr & DIIs net sold 24cr. Nifty for the last 3 days has been consolidating in 4600-4700 range, with support at 4620 & resistance at 4730, looking for a break out soon beyond 4700.

Nifty levels for 06.08.09 Thursday are: PIVOT 4680, R1 4730 & R2 4767, S1 4643 & S2 4593.

Posted by at

41 comments:

  1. AgrotechAugust 5, 2009 at 11:27 AM

    Dear Kadiyali,
    Any stock recommandation?/

    Nitin 024

    ReplyDelete
  2. manoj kumarAugust 5, 2009 at 11:29 AM

    sir,

    shall we buy the 4900 ce today

    ReplyDelete
  3. verma7038August 5, 2009 at 11:29 AM

    Dear Kadiyali,

    should one buy 4900CE at 67 now or wait for some time ?

    ReplyDelete
  4. VJAugust 5, 2009 at 11:34 AM

    can we buy 4900CE if so at what price today

    ReplyDelete
  5. VJAugust 5, 2009 at 11:35 AM

    can i buy 4900CE today for quick intra day gain of 15 rs .if so at what price should we buy

    ReplyDelete
  6. ramsfmAugust 5, 2009 at 11:45 AM

    Bought 2 lots of 4600PE at 125/- today morning and sold at 150/- now.

    Now i am waiting to enter 2 lots of 4800CE below 85/-.

    Thanks,
    Ramesh.

    ReplyDelete
  7. kadiyaliAugust 5, 2009 at 11:50 AM

    4900CE anywhere below 65 is going to be good for a target of 135 as recommended in my weekly report. Below 65, any rate one can try, place different orders like 61.20/60.10/59.25. It is also likely just like it happened last two days, it may fall below 65 only for a few minutes & then go back to 80 levels.

    ReplyDelete
  8. kadiyaliAugust 5, 2009 at 11:53 AM

    Those who have already sold 4900CE bought below 70 & sold above 85/90, can definitely for for 4800CE below 89.

    ReplyDelete
  9. kadiyaliAugust 5, 2009 at 11:56 AM

    My plan is to go for 4900CE below 62, if nifty falls further, go for 4800CE, and then if nifty falls further go for NF long.

    ReplyDelete
  10. kadiyaliAugust 5, 2009 at 11:58 AM

    If you dont buy 4900CE below 65 as recommended in the weekly report, and wait for it to fall deep below 65, it may amount to going for two birds in the bush. Better to hold one bird in hand by buying 4900CE below 65, and then wait for two birds in the bush.

    ReplyDelete
  11. SuchIsLifeAugust 5, 2009 at 11:59 AM

    Dear kadiyaliji..

    shd we go long on NF around 4590-4600?? cheers

    ReplyDelete
  12. ramsfmAugust 5, 2009 at 12:06 PM

    Placed order fr 2 lots of 4800CE at 87.50/-. and one 1 lot 4900CE at 60.05/-.
    Thanks,
    Ramesh.

    ReplyDelete
  13. kadiyaliAugust 5, 2009 at 12:29 PM

    Those who are holding NF shorts from 4450-4550, today nifty may give an opportunity to exit short with some loss, and to recover the said loss by going long. IF NF falls below 4590 TODAY, exit short. If it falls below exit price, go long, and exit long on friday & recover your loss booked in NF short.
    Just my view.

    ReplyDelete
  14. JayAugust 5, 2009 at 12:48 PM

    Dear Kadiyali,
    I think, if NF breaches 4613, then we may see 4582 in no time.......what's ur view ?

    ReplyDelete
  15. kadiyaliAugust 5, 2009 at 12:55 PM

    Sarkar, rather than NF from 4613 to 4582 in no time, I feel if NF touches 4582 today, it will bounce back to 4550 in 10 minutes.

    ReplyDelete
  16. jitteryAugust 5, 2009 at 12:59 PM

    Dear Kadiyali Sir,

    I think you mean 4650 a typing mistake

    with best regards

    ReplyDelete
  17. kadiyaliAugust 5, 2009 at 1:03 PM

    Yes jittery, typo. It will bounce back to 4650 in 10 minutes, if at all it touches 4582. Any level below 4590 is a level to go LONG today.

    ReplyDelete
  18. JayAugust 5, 2009 at 1:06 PM

    thank you Kadiyali....got ur point.

    ReplyDelete
  19. ramsfmAugust 5, 2009 at 1:11 PM

    Dear kadiyali Sir,

    Placed order for 2 lots of 4800CE at 87.50/-.
    Will i get chance or shell i revise my order to 92.5/-?

    Thanks,
    Ramesh.

    ReplyDelete
  20. tvisAugust 5, 2009 at 1:21 PM

    i m short 500 reliance @2055/-.any advice

    ReplyDelete
  21. kadiyaliAugust 5, 2009 at 1:22 PM

    Ramesh, my recommendation was for 4900CE below 65, and on all the three days of this week, market gave that chance to buy 4900CE below 65. Today it may come below 65 again or may not come. But by Friday 4900CE will definitely reach the target of 135, upon which the profits can be converted into 4500PE.

    ReplyDelete
  22. tryorcryAugust 5, 2009 at 1:24 PM

    sir what is ur view regarding nifty future gone from discount to premium

    ReplyDelete
  23. kadiyaliAugust 5, 2009 at 1:56 PM

    tvisha, RIL is unusually strong in a weak market today. Going short may not be a good idea. If you want to trade in RIL, it is better to go LONG at current level(2056) with a SL at 1994.

    ReplyDelete
  24. UnknownAugust 5, 2009 at 2:00 PM

    dear sir,

    looks like nifty is NF will not give a chance today to exit short, and next two days your are bullish, so we got to wait until next week to exit NF short. Will short covering come in last hour today....thanks

    ReplyDelete
  25. kadiyaliAugust 5, 2009 at 2:08 PM

    sree, those who miss a chance to exit NF SHORT this week, may have to go for averaging the short above 4850.

    ReplyDelete
  26. INDITRADERAugust 5, 2009 at 2:14 PM

    sir i cant buy 4900 ce yet now can I buy it at 77 plz sugest

    ReplyDelete
  27. kadiyaliAugust 5, 2009 at 2:25 PM

    tvisha, have you seen RIL now? After informing you that going short in RIL is not a good idea, RIL came down to 2054 & has now gone even upto 2072.

    ReplyDelete
  28. ramsfmAugust 5, 2009 at 2:28 PM

    I missed 4900CE BUS.
    Thanks,
    Ramesh.

    ReplyDelete
  29. SuchIsLifeAugust 5, 2009 at 2:33 PM

    Dear Kadiyali..

    We can still see there is NF is 12poitns Premium to spot value.. due u expect it will move higher before it settles down at EOD still 1hour trade left?

    You views please

    ReplyDelete
  30. kadiyaliAugust 5, 2009 at 2:34 PM

    Ramesh, that is why I said it is better to hold on bird on hand, and then try for 2 in the bush. Yesterday also I said those who have bought below 65 should hold, and only those who bought above 70 should book profits above 80, and wait for a lower level & that lower level came. Again I said yesterday instead of buying at closing hour, we will get it below today, and today it came down to 63.

    ReplyDelete
  31. kadiyaliAugust 5, 2009 at 2:37 PM

    sreeram, it is obvious to traders that nifty after consolidating for two days, will fly past 4700 tomorrow, that is why the premium.

    ReplyDelete
  32. jitteryAugust 5, 2009 at 2:49 PM

    Dear kadiyali Sir,

    After reading your post of two birds i bought 1 lot 4900 CE @ 71. now 86

    Thanks

    with best regrds

    Jittery

    ReplyDelete
  33. kadiyaliAugust 5, 2009 at 2:55 PM

    Level 4700-4720 is proving a tough barrier for nifty since 3 days, and nifty may close today flat or negative with minor loss. There is also a possibility of the above barrier getting flown past by a gap up opening tomorrow.

    ReplyDelete
  34. tvisAugust 5, 2009 at 3:21 PM

    thanks for your advice .squared off my shorts in reliance @ nominal loss.
    4900 ce is doing good now.what's so much fuss about china now.seems it's going to spoil our nifty party?

    ReplyDelete
  35. tvisAugust 5, 2009 at 3:33 PM

    hold 1 lot sterlite@670/-.hv c/fd.any advice?

    ReplyDelete
  36. ramsfmAugust 5, 2009 at 3:34 PM

    Finally bought only 1 lot at 80.05/- and carrying this to tomorrow.
    Thanks,
    Ramesh.

    ReplyDelete
  37. JasonAugust 5, 2009 at 4:01 PM

    Kadiyali Sir,

    why does the price of 4900 Ce fluctuate so much. I kept a buy on 62 but just now checked that it touched a low of 63 and went up to 80. can i get some more knowledge on options trading.

    Regards orabull

    ReplyDelete
  38. SuchIsLifeAugust 5, 2009 at 4:37 PM

    Dear Kadiyali:

    This is the 3rd Nifty close below 4700 and Q2 reporting nearly over does it not indicate the bullishness/steam to cross 4700 or reach further high diminishing and ppl started to feel the reality of the fake rally?

    R you seeing a healthy correction around the corner? Or Do you think a fresh BULL run in the making?

    You thoughts on this please

    Sreeram

    ReplyDelete
  39. AnonymousAugust 5, 2009 at 5:00 PM

    Dear Kadiyali Sir,

    Bought 1 lot4900 today for 72. now holding 2 lots @ 71 average.

    Regards
    Arvind Katyal

    ReplyDelete
  40. kadiyaliAugust 5, 2009 at 5:40 PM

    sreeram, the entire global markets including Indian stock market are witnessing a mini bull run within a secular bear phase. I will release my thoughts on the sustainability of the bullishness or otherwise this Saturday in my money control home page. I am concentrating on the movement of nifty for intraday, and since 4 weeks for intra week to enter into some option trades. All portfolios under my control are right now having 90+% cash.

    ReplyDelete
  41. SuchIsLifeAugust 5, 2009 at 9:13 PM

    Thanks Kadiyali for your views.. i will wait for your saturday report again to position myself.. cheers

    ReplyDelete

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