Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 4538 against its previous close of 4460, and is currently trading at 4566. It has so far recorded a HIGH of 4567 & a LOW of 4516. Asian cues are positive, US futures too are in positive, and European markets may also open today in positive. Nifty having opened gap up will trade range bound in positive zone throughout the day, and will post a handsome 3 digit gain. Trading range for NF is likely to be 4516-4580.
Trading Calls
11.45AM...I had recommended in my last Weekly Report (08.08.09) to BUY SAIL 160PA below 4 for a target of 10. Now the same is revised to BUY below 2 for a target of 6.
Market Closing Report
3.30PM...Nifty futures closed the day at 4621, up 161 points, very close to the day's high of 4623. Morning low of 4516 remained the low of the day.
NIFTY OUTLOOK
13.08.09: Nifty had a bullish trade today, opening with a big positive gap, remaining rangebound for most part of the day, then surging past 4600 in the last hour aided by positive global cues & short covering, and closed the day at 4605, up 148 points. FIIs net BOUGHT 630cr & DIIs net bought 183cr. Nifty having risen by more than 200 points in 3 trading sessions, may now consolidate between 4600-4700 for the next 3-4 days.
Nifty levels for 14.08.09 Friday are: PIVOT 4559, R1 4660 & R2 4715, S1 4504 & S2 4403.
IMPORTANT
Invitation to access Kadiyali Options Blog will be sent to all its members before 17.08.09.
Dear Sir,
ReplyDeleteAs mentioned in your weekly report abt Sail option,160 PA is now available at 3.25,pls advice to buy now or Wait.
Great sir..Wanted to ask you 1 thing.. which is a better brokerage firm.. I am presently using ICICI Direct but their charges are too high i feel.. for Intraday option trading they charge 125 rs and across days they charge 110 per transaction.. iS there a better firm with better brokerage charges...
ReplyDeleteThank you sir...
sir,
ReplyDeleteshould we hold the 4900 ce
anurag, you need not buy SAIL 160PA as I am revising the recommendation shortly.
ReplyDeleteSir,
ReplyDeleteOk I will wait
Dear Kadiyali Sir
ReplyDeleteI am holding 4800CE @54 and
4900 CE @63x3lots.PLease advice to hold it or to exit.
Annamalai.T
Sir,
ReplyDeleteAs you mentioned in your Weekly report 4500PE is below 100/-
can i buy now or wait
Hemant H.
Dear Kadiyali,
ReplyDeleteIs it good to short nifty at 4580...
???
Nitin024
Sir,
ReplyDeleteMy call of 4700 bought at 65 is in money now.. Wat sud i do? shall i wait for appreciation or sell it off and recover my investment..??
Thank you sir...
nitin, nifty till now was a confirmed Sell on Rise for the last 4 days. Now it is in the process of becoming a Buy on Dip story. So wait for a dip to go long rather than selling on rise. And who knows, the dip that can come now or tomorrow may prove to be a GOLDEN DIP for this expiry!
ReplyDeletevinod, the level of 4520 was a barrier till yesterday, and today it was taken out by the gap up opening. If today's gap up is not filled, and if nifty closes today above 4550, we will have next barrier in 4650-4600 zone. So till then hold all calls. You need not buy any further now.
ReplyDeletehemant, if you have calls on hand, nothing wrong in hedging with 4500PE below 100. But when there is a strong possibility of even 4600PE getting below 100, why hedge now?
ReplyDeleteThanks Sir,
ReplyDeletei vl follow ur advice
Hemant H.
Thank you sir for your comments!!
ReplyDeletesir what is your view on reliance as i found it very accurate most of the time regds..
ReplyDeleteMost of the bears who wanted to short today at higher levels were virtually trapped shorting just below 4550, with the result when nifty recovered to 4560, there were virtually no shorters around. We will see the result of this bear trap in a day or two.
ReplyDeleteHi Sir,
ReplyDeleteSorry but dint get it..Wat result of this bear trap?
hi sir,
ReplyDeletei have bougt ril 2010 ca @ 70
should i exit today itself
why ril is underperforming as against nifty
ReplyDeleteOne set of bears were there in good quantity around 4575. Bulls made them to short in small quanity & on a lower volume nifty was brought down below 4550, where the balance bears also shorted. Bulls took the charge from there, and now facing some more bears around 4595. If this set of bears sitting around 4595 are taken out today, we will see no more bears to short in a day or two, and on the contrary, most of them will start covering the shorts. An interesting scenario is ahead.
ReplyDeleteSIR, yesterday when u advice to buy 4600 ce at 50 i buy 4400 at 120 at the same time, now its 240, please advice, thanks a lot Brother
ReplyDeletemanu, hold RIL. Tomorrow Reliance pack will lead from the front.
ReplyDeleteDear Kadiyali,
ReplyDeleteI deposited the cheque with the bank. will be cleared tomorrow morning. Please check tomorrow after bank hours.
Regards.
dinesh, if you are holding only one lot of 4400CE, book profits & invest the PROFIT ONLY in 4700CE. If you are holding 2 lots, sell one lot & make the balance free.
ReplyDeleteSir can we long NF at 4570-4590 for a day or two plz reply
ReplyDeleteNF makes a new high of 4602 just now. Hungry bulls on a Gokulashtami fast going behind bears, but bears are not visible anywhere.
ReplyDeletemusti, avoid taking overnight position in NF trading. There was a golden dip at around 4543 today, which all of us missed.
ReplyDeleteSir as I mail U can I still approach for youir option blog now also?
ReplyDeletePlz reply or mail.
Dear sir
ReplyDeleteshall i hold theNifty 4800CE@54 & 4900CE @69x3lots
sir, please give me ur email id as i wish to join ur options pack , thanks for reply
ReplyDeleteDear Kadiyali,
ReplyDeleteAm holding SBICALL 1800@ 44, please advise me what to do? Am confused, also have a IciciPA680@ 9.50.
Thanks
Rajat
Rajat, nifty at 4600 is midway from 4200 expected by most of the people in the market & 5000 not expected by anybody. From now chances of nifty in this expiry going towards 5000 is more than towards 4200. Market forces shorted 4700,4800,4900 calls & took nifty towards 4200. Below 4300, they shorted 4300 & 4200 calls. I feel till this expiry, puts should not be held unless it is a small premium puts like SAIL 160PA below 2.
ReplyDeletemalai, hold all your calls, no need for averaging.
ReplyDeleteThanks , Mr.Kadiyali for the advise And many more Thanks for proper prediction and answering most of the quires.
ReplyDeleteKadiyali,
ReplyDeleteI understood what you wanted to tell me and sounds logical to me, when people expected 4900 to come and then mkts crashing they crashed from 4720, when people expectd fall till 4000 mkts bounced back from 4350 and back to 4600 within 2 days.
I think i will keep this ICici put worth 3500 for 5800 SBICA+3000 Nifty 4900 as a headge.
Thanks
Rajat, I was expecting nifty to fall without reaching 4850/4900, that is why I had recommended 4900CE below 65 for a target of 135, and out of profit to buy 4500PE. But 4900CE went only upto 90 before the nifty retreated. Had it moved a little bit on that day when global cues were very positive, that recommendation would have yielded super profits instead of seeing a very low valuation from 65.
ReplyDeleteKadiyali,
ReplyDeletecongratulations. have been reading your posts for quite some time and i must admit your prediction accuracy is very high in this very volatile market
SIR, I HAVE SENT U A MAIL ON ffiftypointsaday@rediffmail.com ,
ReplyDeleteBUT RCVD THE DELIVERY FAILED MSG, PLEASE PROVIDE ME UR EMAIL ID, MINE IS pahwaengg@yahoo.com
you are so nice that you reply most of the enquiries, so i expect the reply for my request to u for ur email id ,too, so waiting for ur reply
ReplyDelete