Monday, August 17, 2009

DAILY REPORT ON NIFTY BY kadiyali - 17.08.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4499 against its previous close of 4575, and is currently trading at 4467. It has so far recorded a HIGH of 4503 & a LOW of 4465. Asian cues are negative, US futures are in deep red, and European markets may open marginally negative today. Nifty will have a bearish day of trading today, trading in red all through the day, but will manage to recover smartly from its day's low to close the day in negative but above 4500. Trading range for NF is likely to be 4410-4520.

Market Closing Report

3.30PM...Nifty futures closed the day at 4375, down 200 points, after touching a low of 4358. Morning high of 4503 remained the high of the day.

NIFTY OUTLOOK

17.08.09: Nifty had a highly bearish trade today due to falling global markets, and closed the day at 4388, down 192 points. FIIs net sold 1226cr & DIIs net bought 460cr. Nifty is likely to lose some further ground before staging a recovery.
Nifty levels for 18.08.09 Tuesday are: PIVOT 4447,  R1 4520 & R2 4651. S1 4315 & S2 4243.



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32 comments:

  1. CapgainersAugust 17, 2009 at 11:32 AM

    Sir,
    I bought 1 lot of 4500 call at 90. Should I square off if it all go above 90 and repurchase at below level today itself? As the range suggested by you is 4410 on th lower side..so can we expect tht premium of 4500 will go below 90 later on?

    ReplyDelete
  2. manuAugust 17, 2009 at 11:34 AM

    hi sir,
    wht abt my RIL 2010 ca @70 nw @45
    i mst wait or exit

    ReplyDelete
  3. kadiyaliAugust 17, 2009 at 11:49 AM

    manu, see how the premium on options keep swinging. Options trade is purely speculative one. So make it a habbit to book the profit when you see it on the table, and similarly to stop loss at a level depending on your risk appetite.

    ReplyDelete
  4. kadiyaliAugust 17, 2009 at 11:50 AM

    Prabhanshu, wait for 4500CE to fall below 80 to buy the second lot.

    ReplyDelete
  5. ramsfmAugust 17, 2009 at 11:54 AM

    Bought 2 lots of 4500CE at 89.50/-.
    Thanks,
    Ramesh.

    ReplyDelete
  6. manuAugust 17, 2009 at 12:05 PM

    kadiyali said...
    manu, you can book your profits in RIL 2010CA once the current NF high of 4611 is broken.

    August 14, 2009 1:39 PM

    i jst tuk ur cal..still i hav earned a lot bcoz of you..

    ReplyDelete
  7. CapgainersAugust 17, 2009 at 12:09 PM

    Hi Sir,
    What shall be the strategy for the people holding 4800/4900 call?
    Please guide..

    ReplyDelete
  8. gauravAugust 17, 2009 at 12:16 PM

    sir is the rcom 270 ca still a hold

    ReplyDelete
  9. kadiyaliAugust 17, 2009 at 12:24 PM

    Prabhanshu/gaurav, for all those who are holding 4800, 4900CE and RCom 270CA, we will find a strategy soon.

    ReplyDelete
  10. CapgainersAugust 17, 2009 at 12:30 PM

    Thanks Sir,

    As of now I am holding
    4500 CA @ 90 (Invested)
    4900 CA @ 80 (Paper Trading)
    4800 CA @ 100 (Paper Trading)

    Your Call of Sail PA at 2 was great. Its nw at 4.7.

    ReplyDelete
  11. kadiyaliAugust 17, 2009 at 12:34 PM

    Those who have bought SAIL 160PA can book profit now.

    ReplyDelete
  12. PMKAugust 17, 2009 at 12:44 PM

    Dear Sir,

    Can I book profit in Balaji Tele (bought at 48.40) or wait for your suggested target of 60?

    Thanks...Krishnan

    ReplyDelete
  13. kadiyaliAugust 17, 2009 at 12:56 PM

    Krishnan, you can wait for the target of 60 for Balaji Tele.

    ReplyDelete
  14. PMKAugust 17, 2009 at 1:03 PM

    Thanks You, Sir.

    Regards...Krishnan

    ReplyDelete
  15. CapgainersAugust 17, 2009 at 1:25 PM

    Sir,
    I m planning to buy 1 more lot of 4500 less thn 80 (quoting at 75) and 1 lot of 4600 at 45 for intraday. Wat u suggest?

    ReplyDelete
  16. htntradeAugust 17, 2009 at 1:33 PM

    Sir,

    I am 2 lots long of nifty @4600 + 1 4500 CE at 91 + 1 RCOM CA at 11.5 and 2 4900 CE at 72

    Can i buy another 4500 CE at 75?

    Thanks

    ReplyDelete
  17. AgrotechAugust 17, 2009 at 1:38 PM

    There is heavy tussle betn bulls and bears...at 4440 level. Any one can win...

    ReplyDelete
  18. kadiyaliAugust 17, 2009 at 1:41 PM

    htn, you can average with 4500CE only if & when NF falls below 4400 today or tomorrow.

    ReplyDelete
  19. kadiyaliAugust 17, 2009 at 1:44 PM

    Nitin, US futures are deep in red with -130 points. It has been worsening since morning. The moment it starts recovering, European markets as well as nifty will start recovering from the lows.

    ReplyDelete
  20. AgrotechAugust 17, 2009 at 1:52 PM

    It looks like reliance is holding 1950 levels once it breaks can we expect another 100 points fall?
    Is it advisable to buy some long 4200 puts to hedge our calls.
    Nitin

    ReplyDelete
  21. KrishnaAugust 17, 2009 at 2:02 PM

    can we go long for NF 4500 about 50 points?
    your inputs pls??

    Cheers
    K

    ReplyDelete
  22. kadiyaliAugust 17, 2009 at 2:02 PM

    Nitin, instead of hedging the calls by puts & spending money on that, we can get out of 4500CE at SL, and try to enter 4400CE.

    ReplyDelete
  23. INDITRADERAugust 17, 2009 at 2:50 PM

    Sir nf now 4395 can long here or wait?
    PLZ give guidence

    ReplyDelete
  24. RAJ/QRAugust 17, 2009 at 3:09 PM

    sir
    Nifty sliding without support?
    where u expect support?
    Raj/QR

    ReplyDelete
  25. manuAugust 17, 2009 at 3:20 PM

    sir,
    should we carry positions or exit
    as it seems 2 be like january 21 2008 type monday
    plz guide

    ReplyDelete
  26. kadiyaliAugust 17, 2009 at 3:26 PM

    Those who are holding 4900CE & 4800CE can buy now 4500CE at 58, and unload their 4800/4900CE later this week.

    ReplyDelete
  27. santhuAugust 17, 2009 at 3:49 PM

    sir
    im holding 4900ce@47.5(8 lots),
    4800ce@42.5 (3 lots)and 4500ce@78(1lot)...
    pls giude..

    ReplyDelete
  28. santhuAugust 17, 2009 at 3:55 PM

    sir
    i hav lost 1.6 lakhs in options already.. suggest me sir..

    ReplyDelete
  29. Ranjith KannurAugust 17, 2009 at 5:58 PM

    I Also have lost more than 1.5 lakhs in a week time by just buying 2500 lots for 4700CE . My Entire money gone , Now sitting empty handed

    ReplyDelete
  30. kadiyaliAugust 17, 2009 at 7:28 PM

    Santhu/Ranjith, option trading is a speculative activity, where the amount deployed can give us 100% return in a day, and at the same time, the amount can get halved within no time. This kind of trading needs a lot of discipline, and deploying the kind of money both of you have done is not suggested unless of course if you have alloted more than 10 lakhs for such trading. Join the exclusive Option Blog started by me, and you will know every thing.

    ReplyDelete
  31. wealth creatorAugust 17, 2009 at 9:23 PM

    how i can join your option blog?

    ReplyDelete
  32. mohanjiAugust 18, 2009 at 9:21 AM

    Dear kadiyali,
    I hv call of 4500 nifty.What stretegy is suggested to handle it today..? Regards

    ReplyDelete

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