DAILY REPORT ON NIFTY BY kadiyali - 30.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4992 against its previous close of 5000, and is currently trading at 5047. It has so far recorded a HIGH of 5048 & a LOW of 4992. Asian cues are mixed, US futures are in green, and European markets may open just flat today. Nifty having secured a decent gain of 50 points in the first hour, will trade rangebound for most part of the day between the current high & low, but last two hours of trade will see some sell off/profit booking, and nifty will lose all its gains & may close just flat or with minor loss. Trading range for NF today is likely to 4980-5050.

Market Closing Report

Nifty futures closed the day at 5073, up 72 points, after touching a high of 5080 & a low of 4992.

NIFTY OUTLOOK

Nifty continued its surge beyond 5000 today, and closed the day at 5084, up 77 points. FIIs net bought 1075cr & DIIs net bought 160cr. Nifty now hangs delicately on temporary liquidity.
Nifty levels for 01.10.09 Thursday are: PIVOT 5059, R1 5113 & R2 5142, S1 5030 & S2 4975.

DAILY REPORT ON NIFTY BY kadiyali - 29.09.09 (Tuesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4997 against its previous close of 4967, and is currently trading at 5009. It has so far recorded a HIGH of 5019 & a LOW of 4992. Asian cues are positive, US futures are in green, and European markets may open just flat today after yesterday's robust gains. Nifty having opened almost 30 points gap up, will trade today RANGEBOUND due to only 3 days of trade this week, and may close the day with minor gains. Trading range for NF today is likely to be 4970-5030.

Trading Calls

1.45PM...BUY IFCI (cmp 56) for a short term target of 75 by 31.10.09, and a long term target of 100 by 31.07.10.

Market Closing Report

3.30PM...Nifty futures closed the day at 4995, up 28 points, after touching a high of 5019 & a low of 4983.

ANNOUNCEMENT

Since the starting day of this blog, I have been giving my 11AM report on Nifty Futures, first placing the same in my home page in Money Control Message Board (MMB), and then copy pasting the same here. Starting from  the 1st of October, I will start giving a MID SESSION CALL also at around 1PM, informing the likely closing level of the Nifty Futures. 

NIFTY OUTLOOK

Aided by positive global cues, Nifty today had a gap up opening & traded above 5000 for major portion of the day but in a small range of 30 points, to close at 5007, up 48 points. FIIs net bought 714cr & DIIs net bought 91cr. Nifty will have a rangebound trade throughout this week due to only 3 days of trading, after which bears are likely to gain control.
Nifty levels for 30.09.09 Wednesday are: PIVOT 4995, R1 5032 & R2 5056, S1 4970 & S2 4934.

DAILY REPORT ON NIFTY BY kadiyali - 25.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4958 against its previous close of 4998, and is currently trading at 4982. It has so far recorded a HIGH of 4996 & a LOW of 4952. Asian cues are negative, US futures are in green, and European markets may open in positive today. Nifty will have trading in both negative & positive alternatively, and may close in negative with minor loss after volatile trading due to weekend & shortened week ahead. Trading range for NF is likely to be 4930-5020.

Market Closing Report

Nifty futures closed the day at 4960, down 38 points, after touching a high of 5007 & a low 4932. As indicated in my 11AM report, nifty traded in both negative & positive alternatively, and closed the day in negative with minor loss of 28 points after volatile trade in almost the range of 4930-5020 indicated above.

NIFTY OUTLOOK

Nifty had a volatile trade today due to week end & a shortened week ahead, and closed the day in negative at 4959, down 28 points. FIIs net sold 38cr & DIIs net bought 227cr. Nifty has been slowly falling into sell on rise zone due to sell off above 5000, and is likely to keep sliding, unless bulls manage to give nifty a close above 5000.
Nifty levels for 29.09.09 Tuesday are: PIVOT 4961, R1 4992 & R2 5025, S1 4929 & S2 4898.

POTENTIAL MULTIBAGGERS

In my Home Page in MoneyControl Message Board(MMB), I have been since 20.06.09 listing out  shares which in my opinion have the potential to give capital appreciation of minimum 5 times & possibly even 10 times the capital invested, in 2-3 years. One should buy a cluster of such shares rather than solitary one or two cases, because I feel if we invest 10 of these listed shares, as much as even 7 of them will turn out MULTIBAGGERS. The listing will be done with details like Name of the Company, FV, CMP, Date Listed & Downward Risk (DR). Once downward risk percentage is completed, one should AVERAGE the investment with equal number of shares bought earlier. Similarly, if the investment made doubles, one should sell 50% of the holdings to make the balance free, so that the investment taken out can be deployed in some other potential multibaggers.

The following are the shares listed out by me as Potential Multibaggers:

1. ARVIND - FV 10 - CMP 28 - 20.06.09 - DR 40%.

2. BALAJI TELEFILMS - FV 2 - CMP 55 - 20.06.09 - DR 15%.

3. NTPC - FV 10 - CMP 190 - 08.07.09 - DR 15%.

4. ATLANTA - FV 10 - CMP 70 - 11.07.09 - DR 15%.

5. GARDEN SILK - FV 10 - CMP 78 - 19.08.09 - DR 10%.

Out of the above 5 shares, ATLANTA has DOUBLED from the recommended price, as today the CMP of the share went beyond 140. Those who have bought ATLANTA at 70 or below following the above recommendation, may sell 50% of the holdings to make the balance 50% free, so that the investment so taken out can be deployed in some other Multibagger pick.

FIFTYPOINTSADAY wishes all its members, readers & visitors A HAPPY DASARA FESTIVAL.

DAILY REPORT ON NIFTY BY kadiyali - 24.09.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4930 against its previous close of 4963, and is currently trading at 4909. It has so far recorded a HIGH of 4938 & a LOW of 4908. Asian cues are mixed, US futures are in red, and European markets may open in negative tracking Wall Street losses. Nifty will have a volatile trading today being the last day of Sept expiry, trading in negative all through the day, falling even below 4900 towards the middle of the session, but is likely to recover smartly towards the end to post a close above 4900. Trading range for NF is likely to be 4870-4950.

Market Closing Report

Nifty futures closed the day at 4986, up 23 points, after touching a high of 4995 & a low of 4908.

DAILY REPORT ON NIFTY BY kadiyali - 23.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 5019 against its previous close of 5030, and is currently trading at 5009. It has so far recorded a HIGH of 5026 & a LOW of 5000. Asian cues are mixed, US futures are flat, and European markets may open in positive today. Nifty may trade with high volatality but within a small range of 70-80 points due to nearness to expiry. Trading range of NF today is likely to be 4970-5040. 

Market Closing Report

Nifty futures closed the day at 4966, down 66 points, after touching a high of 5026 & a low of 4951.

NIFTY OUTLOOK

Nifty continued its trade above 5000 for a substantial part of the day but faced last hour sell off to close at 4970, down 50 points. FIIs net bought 1749cr & DIIs net bought 500cr. Nifty will now test its next support at 4930, the breaking of which can see a steep fall.
Nifty levels for 24.09.09 Thursday are: PIVOT 4986, R1 5015 & R2 5060, S1 4941 & S2 4912.

DAILY REPORT ON NIFTY BY kadiyali - 22.09.09 (Tuesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4975 against its previous close of 4978, and is currently trading at 5014. It has so far recorded a HIGH of 5023 & a LOW of 4972. Asian cues are mixed, US futures are in green, and European market may open slightly in positive today. Nifty may have a range bound trade today, and NF may trade in the range of 4970-5040.

Market Closing Report

Nifty futures closed the day at 5023, up 45 points, after touching a high of 5047 & a low of 4972.

NIFTY OUTLOOK

Nifty continued its bullish trade today to trade almost the entire day above 5000 level, and closed the day at 5020, up 44 points. FIIs net bought 853cr & DIIs net sold 539cr. Nifty is already in an overbought zone & constant caution is called for against 'book & reverse' emerging.
Nifty levels for 23.09.09 Wednesday are: PIVOT 5011, R1 5045 & R2 5070, S1 4986 & S2 4952.

PAID SMS GROUP FOR NIFTY FUTURES TRADING

Final Call for Early Bird Discount

Fiftypointsaday has announced starting of a PAID SMS GROUP for Trading Calls for trading in Nifty Futures. The Group will start from 01.10.2009. Under the scheme, trading calls will be given by SMS on mobile phones of the members whenever our team finds opportunity for earning 50 points on any trading day with clear Entry Level, Stop Loss & Target. The membership will be on payment of an one time Membership Fee & a monthly Subscription Fee.

This is the FINAL CALL for availing Early Bird Discount. Under the Early Bird Discount, those who become members by payment of the one time Membership Fee on or before 30.09.09 will get waiver of monthly subscription for 4 months till 31.01.2010.

Those who are interested in enrolling as members may contact by email to fiftypointsaday@rediffmail.com, and avail of the Early Bird Discount on or before 30th of this month.

DAILY REPORT ON NIFTY BY kadiyali - 18.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4957 against its previous close of 4978, and is currently trading at 4969. It has so far recorded a HIGH of 4979 & a LOW of 4952. Asian cues are negative, US futures are in red, and European markets may open in negative today. Nifty may have a volatile trading session today due to week end considerations as well as Monday being a trading holiday. The trading range for NF today is likely to be 4890-4985.

Market Closing Report

Nifty futures closed the day at 4982, up 4 points, after touching a high of 4988 & a low of 4942.

NIFTY OUTLOOK

Nifty today again refused to give up any part of its recent gains, and closed the day at 4976, up 11 points. FIIs net bought 1486cr & DIIs net sold 505cr. Nifty is being traded close to its peak of the week to unload the longs in gradual manner.
Nifty levels for 22.09.09 Tuesday are: PIVOT 4963, R1 4994 & R2 5012, S1 4945 & S2 4914.

DAILY REPORT ON NIFTY BY kadiyali - 17.09.09 (Thursday)

Nifty Futures 11AM Report

11AM...Nifty Futures opened today at 4992 against its previous close of 4961, and is currently trading at 5007. It has so far recorded a HIGH of 5008 & a LOW of 4978. Asian cues are positive, US futures are in green, and European markets will open in positive today. Nifty will trade today in positive all through the day & end the day in positive. However, some amount of profit taking may drag nifty down from day's high. Trading range for NF today is likely to be 4960-5030.

Trading Call

12.54PM...NF now 4974. Go LONG. SL 4959. Target 5024.

1.10PM...NF now at 4955. SL trigerred.

Market Closing Report

Nifty futures closed the day just flat at 4961, after touching a high of 5011 & a low of 4955.

NIFTY OUTLOOK

Nifty opened with a positive gap to go past 5000, but could not hold on to the gap & ended the day near flat at 4965, up just 7 points. FIIs net bought 2759cr & DIIs net bought 186cr. Today's sell of around 5000 with good volume is indicative of possible sliding down of nifty in the days to come.
Nifty levels for 18.09.09 Friday are: PIVOT 4971, R1 4998 & R2 5030, S1 4939 & S2 4912.

DAILY REPORT ON NIFTY BY kadiyali - 16.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4929 against its previous close of 4899, and is currently trading at 4921. It has so far recorded a HIGH of 4954 & a LOW of 4917. Asian cues are positive, US futues are in green, and European markets too may open in positive tracking US & Asian gains. Nifty will trade in positive well above 4900 for major part of the day, but may end the day below 4900. Trading range for NF is likely to be 4860-4970.

Trading Calls

11.20AM...Intraday Call given yesterday at 12.30PM to GO SHORT at 4895 with Targets of 4845 & 4819, and converted to POSITIONAL at 3.22PM. HOLD THE SHORT for a Target of 4795. No SL.

Market Closing Report

Nifty futures closed the day at 4968, up 69 points, after touching a high of 4972 & a low of 4917.

NIFTY OUTLOOK

Nifty continued further its upward movement to post its highest close for the last 15 months, and ended the day at 4958, up 66 points. FIIs net bought 1105cr & DIIs net bought 143cr. Nifty has now reached a stage from where any upward movement will be less in magnitude whereas any fall from here will be steep.
Nifty levels for 17.09.09 Thursday are: PIVOT 4940, R1 4985 & R2 5011, S1 4913 & S2 4868

DAILY REPORT ON NIFTY BY kadiyali - 15.09.09 (Tuesday)

Nifty Futures 11AM Report

11AM...Nifty Futures opened today at 4846 against its previous close of 4822, and is currently trading at 4868. It has so far recorded a HIGH of 4870 & a LOW of 4838. Asian cues are mixed, US futures are in red, and European markets may open near flat today. Nifty will trade with gains for most part of the day, but will lose all its gain towards the end, and will close just flat. NF is likely to have a trading range of 4800-4890.

Trading Calls

12.30PM...NF now at 4895. Go SHORT.  SL 4927. Target 1 - 4845. Target 2 - 4819.

3.22PM...NF now at 4903. Carry the short to tomorrow.

Market Closing Report

Nifty futures closed the day at 4897, up 75 points, after touching a high of 4908. The morning low of 4838 remained the low of the day. 

NIFTY OUTLOOK

Nifty had a bullish trade today, almost touching 4900, and closed the day near day's high at 4892, up 84 points. FIIs net bought 776cr & DIIs net bought 133cr. Nifty has just entered the over bought zone & is likely to retrace in a day or two.
Nifty levels for 16.09.09 Wednesday are: PIVOT 4867, R1 4925 & R2 4958, S1 4834 & S2 4775.

DAILY REPORT ON NIFTY BY kadiyali - 14.09.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4811 against its previous close of 4841, and is currently trading at 4810. It has so far recorded a HIGH of 4820 & a LOW of 4790. Asian cues are negative, US futures are in negative, and European markets may open in negative today. The trading range for NF today is 4730-4830.

Trading Calls

11.08AM...NF now at 4818. Go SHORT. SL 4839. Target 1 - 4768. Target 2 - 4739.

1.09PM...NF now at 4817. Square the SHORT for now, and be in the sidelines for SHORT at higher level.

2.20PM...NF now at 4810. Go SHORT. SL (strict) 4824. Target 4760.

3.17PM...NF now at 4828. SL of 2.20PM trade hit. Sorry.

Market Closing Report

Nifty futures closed the day at 4737, down 4 points after touching a high of 4838. The morning low of 4790 remained the low of the day.

NIFTY OUTLOOK

Nifty had a mildly bearish trade today in line with negative global cues, but managed to hold on to the 4800 level for the fifth consecutive day, to close the day at 4808, down 21 points. FIIs net sold 44cr & DIIs net sold 6cr. Nifty trading in small range for the last five days indicates buyers' fatigue at higher levels.
Nifty Levels for 15.09.09 Tuesday are: PIVOT 4809, R1 4832 & R2 4855, S1 4786 & S2 4763.

WEEKLY REPORT ON NIFTY BY kadiyali - 12.09.09 (Saturday)

WEEK GONE BY

Nifty broke out above its strong resistance of 4750 during this week on the very first trading day on Monday, but remained range bound thereafter for all the remaining 4 days of the week, managing however to get a close above 4800 for all these 4 days. It closed the week with a positive close at 4829, up 149 points. The low of the week of 4690 was touched on Monday and the high of the week of 4889 was recorded on Thursday.

WEEK AHEAD

The week ahead is going to see buyers' fatigue, as nifty could not secure substantial gains after the break out above 4750 & every attempt to scale nearer/above 4850 has met with profit taking last week. Nifty is likely to trade next week in a trading range of 4610-4860, and may post a negative close for the week.

STATEGY FOR THE WEEK

1. If you are long, properly hedge the same if you continue to hold the same.

2. If you are short, hold the short till 4650.

3. Accumulate nifty puts 4600PE below 30.

STOCK RECOMMENDATION

As already indicated in my last Weekly Report, stay invested in stocks till nifty hits 5000 either this month or next. However dont add to your portfolio unless nifty corrects substantially. If nifty goes past 5000 without any correction, book not less than 50% of your portfolio.

Buy COUNTRY CLUB (cmp 18) for long term. Target 60 by 31.07.2010.

OPTION RECOMMENDATION

My Option Recommendation for next week is a Nifty Stradle of 5000CE & 4600PE. BUY 2 lots each of 5000CE (cmp 38) & 4600PE (cmp 28) for a combined price below 60. Target for 5000CE is 70 & Target of 4600PE is 120. If target  of 5000CE reaches first, sell the same & make 4600PE free. If target of 4600PE is achieved first, sell both & book the profits.

ANNOUNCEMENT

Fiftypointsaday announces starting of PAID SMS GROUP for Nifty Futures Trading Calls from 23.09.09. It will be a paid service with an one time Membership Fee &  a monthly Subscription Fee. Under this service, Intraday Nifty Futures  Trading Calls will be sent to members by SMS on days when our team spots opportunity to gain FIFTY POINTS A DAY. Those who are interested may contact by email to fiftypointsaday@rediffmail.com. Early Bird Discount is available for all those who become members on or before 23.09.09.

DAILY REPORT ON NIFTY BY kadiyali - 11.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4851 against its previous close of 4818, and is currently trading at 4826. Asian cues are positive, US futures are in red, and European markets may open in positive today. Nifty is all set for one more day of range bound trading. However profit taking due to week end considerations may pull nifty down. Trading range for NF today is likely to be 4790-4870.

Trading Calls

1.39PM...NF now 4837. Go SHORT.  SL 4871.  Target 4787.

1.52PM...NF now at 4815. Change the SL to Sell rate + Brokerage, so that there is no loss in this trade.

2.54PM...NF now at 4838. SL hit WITHOUT ANY LOSS.

Market Closing Report

Nifty futures closed the day at 4847, up 29 points, after touching a low of 4795. The morning high of 4862 remained the high of the day. NF traded exactly in the trading range indicated by me in my 11AM report above.

NIFTY OUTLOOK

Nifty had yet another day of rangebound trading today, and closed the day marginally higher at 4829, up 10 points. FIIs net bought 229cr & DIIs net sold 294cr. After a break out above its earlier resistance of 4750 on Monday, nifty has traded range bound for the next four days, managing a close just above 4800 for all these four days. A systematic attempt to keep nifty floating above 4800, taking non index shares to dizzy heights one by one, and distributing the same to retail at higher levels, is evident, and a voilent U turn of nifty any time now is on the cards.
Nifty levels for 14.09.09 Monday are: PIVOT 4826, R1 4860 & R2 4890, S1 4795 & S2 4761.

DAILY REPORT ON NIFTY BY kadiyali - 10.09.09 (Thursday)

Nifty Futures 11AM Call 

11AM...Nifty Futures opened today at 4865 against its previous close of 4817, and is currently trading at 4883. It has so far recorded a HIGH of 4889 & a LOW of 4862. Asian cues are positive, US futures are in green, and European markets may open just flat today. NF is likely to trade today in the range of 4760-4900.

Trading Calls

11.15AM...NF now at 4883. Go SHORT.  No SL.  Target - Later.

12.39PM...NF now at 4843. Put the SL at Sell Price + Brokerage, so that there is no loss in the above trade.

1.03PM...NF now at 4830. Decide your Target, taking into account today's FIFTYPOINTS + Monday's SL Hit of 25 points + any other small loss if any of this week, so that this week also will be good as last week.

3.15PM...NF now at 4808. Target of 75 points, consisting of 50 points of today + 25 points of Monday's SL Hit of 25 points achieved.

Market Closing Report

Nifty futures closed the day at day's low of 4804, down 13 points. The morning high of 4889 remained the high of the day.

NIFTY OUTLOOK

Nifty opened with a positive gap today, rose by more than 75 points in the first hour of trade, profit taking at higher levels made nifty to lose all the gains, but Nifty managed to close the day in positive for the fifth day in succession, recording its third consecutive close above 4800 level, at 4819, up just 5 points. FIIs net bought 468cr & DIIs net sold 124cr. Nifty may yield to some more profit taking before scaling towards new high.
Nifty levels for 11.09.09 Friday are: PIVOT 4839, R1 4870 & R2 4920, S1 4788 & S2 4758. 

DAILY REPORT ON NIFTY BY kadiyali - 09.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4787 against its previous close of 4808, and is currently trading at 4814. It has so far recorded a HIGH of 4817 & a LOW of 4780. Asian cues are negative, US futures are in red, and European markets may open flat today. Nifty will trade in green for the first two hours, indecisive for the second two hours & will fall in negative towards the close, and close the day in negative. Trading range for NF today is likely to be 4740-4830.

Trading Calls

11.47AM...Intraday Stock Call: SHORT ABAN now at 1530. SL 1559. Target 1460.

1.38PM...NF now at 4806. Go SHORT.  SL 4833.  Target 4756.

2.39PM...NF now 4819. Book Loss for the day.

2.49PM...ABAN now at 1528. Square off the intraday short.

Market Closing Report

Nifty futures closed the day at 4821, up 13 points, after touching a high of 4831. The morning low of 4780 remained the low of the day.

NIFTY OUTLOOK

Nifty had a volatile trade today within a small range, but managed to close the day in positive for the fourth day in succession, at 4814, up 9 points. FIIs net bought 193cr & DIIs net bought 239cr. Nifty has been showing a tendency to rise without yielding to any profit taking, which is not a healthy sign, and any rise from here without scaling back may lead to sudden slide.
Nifty levels for 10.09.09 Thursday are: PIVOT 4808, R1 4832 & R2 4849, S1 4790 & S2 4766.

DAILY REPORT ON NIFTY BY kadiyali - 08.09.09 (Tuesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4820 against its previous close of 4795, and is currently trading at 4817. It has so far recorded a HIGH of 4827 & a LOW of 4790. Asian cues are positive, US futures continue to be in green since yesterday, and European markets may slip back today after yesterday's robust gain. Nifty will trade today in positive only for the first half of the day, losing all the gains of today as well as part of yesterday's gains in the second half, and will close in negative. Trading range for NF is likely to be 4710-4840, with 90% of possibility of current high of 4827 remaining high of the day.

Trading Calls

11.29AM...Reliance Communications, recommended for short term trading last month @ 258 with a target of 290, and then target revised to 330. RCom now at 310+. Book Profit in full without waiting for the revised target of 330.

11.31AM...Oriental Bank of Commerce, recommended last week for short term trading @ 181 with a target of 210. Target achieved today. Book profit in full.

11.33AM...NOCIL, recommended for short term trading last week @ 28 with a target of 35, now trading at 30.90. Book Profit in full.

12.30PM...Stragegy given in Weekly Report to accumulate 4400PE below 20, gets modified now to ACCUMULATE 4500PE BELOW 25.

12.43pm...NF now at 4832. Go SHORT.  SL 4861. Target 1 - 4782. Target 2 - 4759.

2.20PM...NF now at 4806. Change the SL to SELL rate + Brokerage, so that there is no loss in the above trade of going SHORT at 4832.

3.15PM...NF after touching a low of 4785, is now 4815. Target revised to 4799, as only 15 minutes trade is left now.

3.28PM...NF now at 4805. Book Profit for the day.

Market Closing Report

Nifty futures closed the day at 4802, up just 6 points, after touching a high of 4855 & a low of 4785.

NIFTY OUTLOOK

Nifty traded for major part of the day above 4800, and closed the day above 4800, at 4805, up 22 points. FIIs net bought 991cr & DIIs net bought 206cr. Having risen smartly by more than 200 points in last three days, Nifty is now likely to slip back on large scale profit taking.
Nifty levels for 09.09.09 Wednesday are: PIVOT 4810, R1 4837 & R2 4870, S1 4778 & S2 4750.

DAILY REPORT ON NIFTY BY kadiyali - 07.09.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4720 against its previous close of 4694, and is currently trading at 4739. It has so far recorded a HIGH of 4745 & a LOW of 4694. Asian cues are positive, US futures are in green, and European markets may open in positive today. Nifty will trade today in positive all through the day, and will end the day in positive above 4700. Trading range for NF today is likely to be 4680-4760.

Trading Call

1.59PM...NF now at 4756. Go SHORT.  SL 4781.  Target 4706.

2.48PM...NF now at 4782. SL of the above trade trigerred. Sorry.

Market Closing Report

Nifty futures closed the day 4804, up 109 points, after touching a high of 4805. Morning low of 4694 reamained the low of the day.

NIFTY OUTLOOK

Nifty had a bullish trade today, scaling to a 15-month high, and closed the day at day's high at 4783, up 103 points. FIIs net BOUGHT 1060cr & DIIs net bought 150cr. Having broken its strong resistance of 4750 which on 2 earlier occasions it failed to break, Nifty's journey to scale 5000 has become easy now. However a day or two of large scale profit booking is not ruled out.
Nifty levels for 08.09.09 Tuesday are: PIVOT 4750, R1 4822 & R2 4861, S1 4711 & S2 4640.

WEEKLY REPORT ON NIFTY BY kadiyali - 05.09.09 (Saturday)

WEEK GONE BY

As indicated in my last Weekly Report, Nifty gave up a part of the gains of its previous week, fell below 4600 level, before bouncing back, on the last day of the week aided by short covering, to almost  4700 level. It closed the week with a negative close at 4680, down 52 points. The high of the week of 4735 was recorded on Tuesday, and the low of the week of 4576 was touched on Wednesday. The continuous bear pressure for all the 5 trading days of the week could not breach 4580, which proved as a crucial support.

WEEK AHEAD

Having failed to break its tough resistance level of 4750 for the last 2 occasions, Nifty will make one more attempt next week to break this level. Though fundamental factors support this breach, the continuous sell off by FIIs is a big concern in tune with global perception of September month being the worst month of any year for stock market. Nifty is likely to trade next week in a range of  4540-4750, before closing the week in NEGATIVE with a loss of another 50 points.

STRATEGY FOR THE WEEK

1. If you are long, reverse the longs into shorts when nifty approaches 4750.

2. If you are short, hold the short till 4550.

3. Accumulate nifty puts 4400PE during every dip below 20.

STOCK RECOMMENDATION

Nifty level of 5000 is a near term certainty now, and if not in this expiry, we will see the Muhurat Trading this Deepavali with crackers amid nifty 5000 levels. So stay invested in mid cap stocks of your choice, and add to your portfolio further midcaps in every dip of nifty below 4400 till it reaches 5000. Fall below 4350 will not come unless & until nifty goes past 5000 level.

BUY SUNTV (cmp 272) & accumulate on every dip for long term. Target 500 by 31.03.2010.

OPTION RECOMMENDATION

Watch the premium of Nifty puts 4600PE (cmp 91). BUY the same below 60 for a target of 150.

ANNOUNCEMENT

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Members of Kadiyali Options Blog will be taken as automatic members of this SMS GROUP with a waiver of membership fee for them, and they will also get free calls for the period already informed to them. So they need not contact again for membership of SMS GROUP.

DAILY REPORT ON NIFTY BY kadiyali - 04.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4601 against its previous close of 4587, and is currently trading at 4598. It has so far recorded a HIGH of 4617 & a LOW of 4587. Asian cues are mixed, US futures are slightly in red, and European markets may open today in positive ending their 4 day losing run. Nifty will trade today RANGEBOUND within a maximum range of 60 points, and will close the day in positive with a small gain of 20-30 points. Trading range for NF today is likely to be 4580-4650.

Trading Call

12.10PM...NF now at 4585. Go LONG. SL 4554. Target 4635.

12.42PM...NF now at 4619. Change SL to BUY rate + Brokerage, so that there is no loss in the above trade of going LONG at 4585.

1.01PM...NF now at 4637. Target of my 12.10PM call to go LONG at 4585 is achieved.

Market Closing Report

Nifty futures closed the day at 4692, up 105 points, after touching a high of 4712 & a low 4583.

NIFTY OUTLOOK

Aided by short covering, Nifty today rebounded smartly by more than 100 points from its day's low, snapped its 4 days' losing streak, and closed the day at 4680, up 87 points. FIIs net sold 400cr & DIIs net sold 5cr. FIIs have been net sellers for all the first 5 trading days of this Expiry, which fact may continue to add to the weakness of nifty in the days to come.
Nifty levels for 07.09.09 Monday are: PIVOT 4653, R1 4725 & R2 4769, S1 4608 & S2 4536.

 

DAILY REPORT ON NIFTY BY kadiyali - 03.09.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4639 against its previous close of 4614, and is currently trading at 4610. It has so far recorded a HIGH of 4645 & a LOW of 4588. Asian cues are generally positive, US futures are mildly in green, and European markets may open in negative today due to cautious approach ahead of ECB's decision on interest rates. Nifty will trade with volatility but within a small range both in positive & negative alternatively for a major part of the day, before decisively going into positive, and will close the day in positive. Trading range for NF today is likely to be 4570-4670.

Trading Calls

11.35AM...Reliance Communication recommended for Short Term Trading at 258 two weeks back with a target of 290 (Target revised to 330 two days back). First target of 290 is achieved today. Now wait for the revised target of 330.

12.48PM...NF now at 4628. Go LONG. SL 4594. Target 4678.

2.35pm...NF now at 4634. Square off the above trade & be in the sidelines.

Market Closing Report

Nifty futures closed the day at 4580, down 34 points, after touching a high of 4649 & a low of 4575.

NIFTY OUTLOOK

Nifty extended its daily negative closing to fourth straight day, and closed the day at 4593, down 15 points. FIIs net sold 72cr & DIIs net bought 382cr. After touching 2009 high of 4743 intraday on 28th, nifty has been slowly losing ground in the absence of any positive trigger, and seems to have fallen into a SELL ON RISE zone & will remain so until 4750 is taken out convincingly. Utilise any uptrend day to reverse longs into shorts for a near term downward target of 4390.
Nifty levels for 04.09.09 Friday are: PIVOT 4607, R1 4634 & R2 4674, S1 4567 & S2 4541.

 

DAILY REPORT ON NIFTY BY kadiyali - 02.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4585 against its previous close of 4623, and is currently trading at 4614. Asian cues are negative, US futures are in slightly green after yesterday's massive loss in Wall Street, and European markets may open today in negative. Nifty will have a volatile trade throughout the day today, trading mostly in negative for major part of the day, but will recover from day's low very smartly towards the end to post a positive close. Trading range for NF today is likely to be 4550-4670.

Trading Calls

11.59AM...NF now at 4659. Go SHORT. SL 4685. Target - 4609. 

12.41PM...NF now at 4624. Change the SL to Sell Price + Brokerage, so that there is no loss in the above trade.

2.34PM...NF now at 4628. Exit Short & Book Profit for the day.

3.25PM...BUY NOCIL now at 28 for a Short Term Target of 35.

Market Closing Report

Nifty futures closed the day at 4618, down just 5 points, after touching a high of 4660. The morning low of 4571 remained the low of the day.

NIFTY OUTLOOK

Nifty opened today with a negative gap but very soon filled the entire gap & came into positive zone, only to fall back into negative towards the end, and closed the day at 4608, down 17 points. FIIs net sold 688cr & DIIs net bought 74cr. The last two days' trade indicates that the market treats 4750 a very tough resistance to break, which may put nifty back into Sell On Rise story.
Nifty levels for 03.09.09 Thursday are: PIVOT 4612, R1 4647 & R2 4686, S1 4573 & S2 4538. 

DAILY REPORT ON NIFTY BY kadiyali - 01.09.09 (Tuesday)

Nifty Futures 11AM Call

Nifty Futures opened today at 4691 against its previous close of 4673, and is currently trading at 4735. It has so far recorded a HIGH of 4737 & a LOW of 4689. Asian cues are positive, US futures are in green, but European markets may open in negative today tracking the profit taking session of Wall Street yesterday. Nifty will trade the first half of the session today in positive posting handsome gains, but will start losing the gains in the second half, may even slip into negative temporarily, before closing the day NEAR FLAT. Trading range for NF today is likely to be 4660-4750.

Trading Call

2.55PM...Short Term Trading Call: BUY Oriental Bank of Commerce (OBC) now at 181 for a Short Term Target of 210.

Market Closing Report

3.30PM...Nifty futures closed the day at 4615, down 58 points, after touching a high of 4746 & a low of 4596.

NIFTY OUTLOOK

Nifty opened today in positive & posted handsome gains in the first half of the session but lost all the gains in the second half to close the day in negative at 4625, down 37 points. FIIs net sold 636cr & DIIs net bought 367cr. As indicated in my Nifty Outlook for the last 2 days, nifty today completed the expected retracement to the level of 4600, and will now aim at getting a close above its current congestion zone of 4700-4750.
Nifty levels for 02.09.09 Wednesday are: PIVOT 4564, R1 4707 & R2 4789, S1 4572 & S2 4519.