Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 4682 against its previous close of 4660, and is currently trading at 4680. Asian cues are positive, US futures are in green, and European markets may open just flat today. Nifty will have a volatile day of trading today but within a small range, and will end today near flat. Trading range for NF is likely to be 4650-4720 today.
Market Closing Report
Nifty futures closed the day at 4683, up 23 points, after trading rangebound in a small range of 4653-4703.
NIFTY OUTLOOK
Nifty had yet another day of volatile trading ahead of August expiry, but within a small range of just 38 points, and closed the day in positive for the fifth consecutive day at 4680, up 21 points. FIIs net bought 378cr & DIIs net bought 128cr. Having slowly inched up towards the 4700 mark for the last 3 days by closing at 4642, 4659 & 4680, nifty is all set to break out above 4700 mark with a solid backing of heavy short coverings on the last day of this month expiry.
Nifty levels for 27.08.09 Thursday are: PIVOT 4679, R1 4699 & R2 4718, S1 4661 & S2 4640.
Sir,
ReplyDeleteyou have "NF trading range upto 4720" so once this level reaches we can exit out of 4700CE call what about your sir. Plz guide us.
Kadiyali sir,
ReplyDeletesuzlon is near your tgt 95 can we hold till friday to cross100..guide..
regards
bipin
Hello Sir,
ReplyDeleteCan nifty Sept 4500 PE be sold at these levels?
Regards
Sandip
Kadiyali sir,
ReplyDeleteCan we short nifty future at this level with SL as 4725. your suggestion will be much helpful.
Thanks,
Arun
arun, in all probability, nifty will be in a small range today, and so it is not a good day for NF trading. Nifty is likely to close this expiry between 4700-4750, and with a possible break out above 4750 on Friday.
ReplyDeleteBipin, my target of 95 for Suzlon is as good as achieved today with the high of 94.50. But you may wait till Friday to sell this short term holding.
ReplyDeleteagain thanks a lot sir
ReplyDeleteThanks a lot sir,
ReplyDeleteregards
bipin
kadiyali sir,
ReplyDeleteany update on TTML? I bought 200 shares at 33.6 last week. If possible share your thought on this.
I hope this is one of your suggested stocks in last week. Kindly correct me if I am wrong on this.
Kadiyali sir
ReplyDeleteI have 4 september and october lots long averaged at 4504. Should I exit them now or wait?
Thanks
htn, you can keep exiting from your Sept/Oct longs after NF goes above 4700 at the rate of one lot for every 50 points rise.
ReplyDeleteDear kadiyali Ji,
ReplyDeleteFor the september month, do you feel the market is due a correction to 4200 or so and pick up from there for a complete bull run upto 5100 or you already feel we are in that bull phase towards 5100 and no tracing back is foreseeable?
You do wonderful service by sharing your predictions.
Thanks for you time,
karthik
Sir,
ReplyDeleteWhat about R-com? I had bought on cash. Hope we can get your suggested target. Please comment on this also as you like.
Thanks...Krishnan
Karthik, if you see my earlier posts in this blog, I had said this expiry nifty will close at 4700+. With only one day left for the expiry, this position is almost achieved. I had also written in my MMB posts, nifty 5000 by 15th Sept "will not surprise me", when no one, not even the most bullish boarders there could say 5000 by 15th Sept, but they took the target to Dec end. Having said this, I have also said, the post election result GAP UP will be filled one day, but also said it will take time. Nifty 3650 is a certainty, but when is not certain. But it will come well before 2009 end.
ReplyDeleteKrishan, retain RCom till 290.
ReplyDeleteSir, 1 sugestion on NF sep. plz can long at 4680-4690levels for 4750 up to friday?
ReplyDeletePLZ guide trdade it or wait?
Thank you Sir.
ReplyDeleteRegards...Krishnan
What would be the target for Reliance ...I am holding 20 at 1909 ???
ReplyDelete2nd query...congrats target for suzlon 95 achieved...I am holding 100 suzlon would I sell it or keep it for further target of 97-99...as it is looking strong above 94...
ReplyDeletePl respond.
hello sir,
ReplyDeleteI have 30 holdings of Bharati @ 403 , now 410
Wht to do...
Regards,
Prateek
thanks for the advice.
ReplyDeletenitin, Friday will be an ideal day for getting out Suzlon & RIL.
ReplyDeletemasti, avoid taking overnight position in Nifty Futures. NF gives opportunity for 50 points a day at least 10-12 trading days in a month, whereas you cannot get 500-600 points in a calendar month. I will fine tune my NF trading calls so as to reduce the instances of SL hits.
ReplyDeleteprats, hold Bharti for a target of 450.
ReplyDeleteSir,
ReplyDeleteSold 4700ce @ 35 bought at 29.90 yday.
Now holding only suzlon 95ca @1.8 1 lot.
As you said that hold till expiry. Hoping for the best for all who are holding the same.
If any change in view, please let me know.
Sir, can I buy 5000ce Sept expiry today?
Prabhanshu, BUY 4700CE again if it falls below 20 today for a target of 40 tomorrow. Only small quantity please, as if tomorrow nifty falls, the entire premium will be wiped out.
ReplyDeleteThanks for the answers kadiyali Ji.
ReplyDeleteI too beleived the gap level of nifty to be filled technically.On this beleif, i lost too much on shorting the markets in last two months. Currently sadly down without much cash left to make up my losses.
By your suggestions and the current going of market,i think i shall liquidate my delivery portfolio at 5000 levels and sit on cash to wait for sub 4000 levels to jump in particularly with your multibaggers picks. Thats a better sense i suppose.
Regards
karthik
Sir,
ReplyDeleteaccording to ur view will our CE 4700 will be closing(touching)above 35, sir? Plz advice or at what level we can exit plz guide us, so i can be alert & get out of it with min. loss.
Expecting ur view sir plz.
Sir,
ReplyDelete4700CE has gone to 10.20, shall i exit now or it will go up, plz advice.