Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 4599 against its previous close of 4536, and is currently trading at 4621. It has so far recorded a HIGH of 4625 & a LOW of 4590. Asian cues are positive, US futures too are in green, and European markets may open today with almost 1% gains. Nifty having opened with a positive gap, will maintain the gap throughout the day, and will close in positive after a rangebound trade. NF is likely to trade today in a rangebound trading range of 4590-4660.
Market Closing Report
Nifty futures closed the day at 4636, up 100 points, after touching a high of 4667. The morning low of 4590 remained the low of the day.
NIFTY OUTLOOK
Nifty had a bullish trade today, opening with a large positive gap, maintaining the gap till the very end, and closing the day at 4642, up 114 points. FIIs net BOUGHT 711cr & DIIs net bought 275cr. Nifty having succeeded in closing above its strong resistance of 4620, will now proceed towards its next resistance of 4730. However, a profit taking session is very much on the cards anytime now.
Nifty levels for 25.08.09 Tuesday are: PIVOT 4612, R1 4687 & R2 4731, S1 4568 & S2 4493.
sir what would be our stratrgey, I hav 4 lot of 4800 call and 2 lot of 4900 call. wht to do
ReplyDeleteKadiyali sir,
ReplyDeletecan I exit from rel.comm @256..now at no profit no loss
bipin
Bipin, yes you can exit RCom.
ReplyDeleteThanks sir..
ReplyDeletebipin
Sir,
ReplyDeleteI bought 4200/4400 pe from the amount I received from the selling of 4400/4500ce. Now both of them of negligble premium. Means alomist I lost tht amount. Should I buy 4600Pe from the balance amount I have or shd I leave this trade and wait for next expiry?
Please advice as I am in great need of that.
Prabhanshu, you can buy 2 lots of 4600PE if it falls below 30.
ReplyDeleteSir, One more doubt. Can We sell 4800/4900CE at current levels?
ReplyDeleteI think if you sell 4900CE at current levels your brokerage will consume the sell price or you will get peanuts, i would rather wait for atleast to get it more than the brokerage price (for atleast selling leg alone). your point of view sir?
ReplyDeletei hold 1 lot reliance & i lot sterlite .please advice
ReplyDeleteDear kadiyali Sir,
ReplyDeleteI have Unitech@32.50/-, Shell i shift from UNITECH to GARDENSILK? at this point of time
Thanks,
Ramesh.
Dear sir,i have been profiting by following your calls, except last Friday,when you asked us to square off calls & buy puts.It was a bad Friday where all your followers lost.Nonetheless,when nifty was hovering around 4360,you were the only one to say that we all will see 4700+ before aug expiry.And tommorrow it will be a reality.You are great Sir.
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ReplyDeleteRajeev, on last Friday, my intention of asking Sathish to sell calls & go short was only to take advantage of the expected certain intraday dip on that day due to highly negative global cues, and not for reversing the bullish stance. I wanted to buy back the 4500CE at the end of the day, when I expected it to dip nearer to 20. Anyway mistake is a mistake, and I own it without any hesitation, and would like to assure you all such mistake will not happen in future. Rgrds.
ReplyDelete