Tuesday, September 8, 2009

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.




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47 comments:

  1. youtubeuserSeptember 8, 2009 at 11:40 AM

    Thanks kadiyali sir, booked profits

    ReplyDelete
  2. BIPINSeptember 8, 2009 at 11:43 AM

    Dear kadiyali sir,
    sold nocil @30.25, obc @212/210.6

    Thanks a
    lot
    regards
    bipin

    ReplyDelete
  3. ANIRUDDHASeptember 8, 2009 at 11:45 AM

    THANK YOU FOR R COM CALL.BOUGHT 100 @255 SOLD 100 @310

    ReplyDelete
  4. manuSeptember 8, 2009 at 11:55 AM

    sir,
    shld we exit our complete portfolio
    and buy again

    ReplyDelete
  5. SandipSeptember 8, 2009 at 12:04 PM

    Gdmrnning Sir,
    Firstly thank you for the fantastic reccos.
    Have booked profits in ur mentioned scripts.
    Sir, kindly advise , I am short in NF on 4820.
    What is the short term prospect ?

    ReplyDelete
  6. kadiyaliSeptember 8, 2009 at 12:09 PM

    Sandip, any level above 4820 is shorting level today. Put a SL of 4846.

    ReplyDelete
  7. kadiyaliSeptember 8, 2009 at 12:10 PM

    manu, nifty 5000 target is still intact, dont exit your portfolio. Book only in whatever shares have reached the target in short term trading.

    ReplyDelete
  8. hillySeptember 8, 2009 at 12:13 PM

    good after noon boss.do u think its safe to go short on nifty today at present pricea

    ReplyDelete
  9. kadiyaliSeptember 8, 2009 at 12:31 PM

    hilly, if you put the SL of 20-25 points & short, it is safe only, because losing side will be only 25 points whereas gaining side more than FIFTYPOINTSADAY.

    ReplyDelete
  10. kadiyaliSeptember 8, 2009 at 12:39 PM

    Strategy given in Weekly Report to accumulate 4400PE below 20, gets modified to accumulate 4500PE below 25.

    ReplyDelete
  11. youtubeuserSeptember 8, 2009 at 12:41 PM

    Kadiyali sir,
    any specific reason for not (yet) giving short call for today?

    Thanks,
    Arun

    ReplyDelete
  12. kadiyaliSeptember 8, 2009 at 12:45 PM

    arun, see my 12.43PM call above.

    ReplyDelete
  13. youtubeuserSeptember 8, 2009 at 12:46 PM

    Thanks Kadiyali ji

    ReplyDelete
  14. verma7038September 8, 2009 at 1:05 PM

    Dear Kadiyali,

    Just for information, if sms service has been started, i have not recd the NF short call given today.

    regards.

    ReplyDelete
  15. kadiyaliSeptember 8, 2009 at 1:13 PM

    verma, on what basis you presume SMS service already started? We have only announced it is going to start "very shortly". It is likely from 23rd of this month.

    ReplyDelete
  16. verma7038September 8, 2009 at 1:26 PM

    Dear kadiyali, just asking as there were questions regarding this yesterday also.

    ReplyDelete
  17. KamalSeptember 8, 2009 at 1:40 PM

    Hi Kadiyali Sir, Any idea why Hanseng is shooting up for the last 3 days? its up 1200-1300 points up in last 3 trading sessions.

    ReplyDelete
  18. nerdoSeptember 8, 2009 at 1:53 PM

    Hi kadiyali sir,
    any view on the call on amrutanjan u gave?

    ReplyDelete
  19. AviSeptember 8, 2009 at 1:54 PM

    Sir,

    Looks like we might not have a profitable day today as well. There are no signs of Nifty getting into correction mode nor are there any signs from Global Markets (Hangseng is up by almost 3% and Europe also well in green.) Now only 2.30 factor can come to our rescue.

    ReplyDelete
  20. VivekSeptember 8, 2009 at 2:03 PM

    Dow futures up by 100pts. There are good chances that SL will trigger.

    ReplyDelete
  21. kadiyaliSeptember 8, 2009 at 2:14 PM

    Avi/vivek, there will not be heavy buying above 4840, if at all NF moves above this level, only the SL of the shorters like should aid NF to go higher. If you want to reduce the loss due to SL hit, you may alter the SL to one/two point above the current high of 4845.

    ReplyDelete
  22. kadiyaliSeptember 8, 2009 at 2:20 PM

    NF now 4806. Now if you want, you can further reduce the SL to your SELL price, so that there is no loss in this trade.

    ReplyDelete
  23. VamshiSeptember 8, 2009 at 2:22 PM

    What a fall!!!! from 4840 to 4806. Brilliant Kadiyaliji

    ReplyDelete
  24. pushpaveniSeptember 8, 2009 at 2:24 PM

    Sir, Should we hold TTML or sell it also?

    ReplyDelete
  25. SandipSeptember 8, 2009 at 2:28 PM

    Awesome Sir. Simply fantastic. Bravo.

    ReplyDelete
  26. PMKSeptember 8, 2009 at 2:29 PM

    Sir, I also sold Rcom & Nocil today. Many thanks for your calls. Now what about TTML (for short term) should we sell or add?

    Thanks...Krishnan

    ReplyDelete
  27. ramsfmSeptember 8, 2009 at 2:30 PM

    Dear Sir,
    I have taken position on 2 lots of 4600PE @55 and 1 lot of RIL-1920@10 along with my 1 lot NF short at 4828/-.

    I will NF today and i need your pre-close report @3.10PM today whether to carry PE's to tomorrow or not
    Thanks,
    Ramesh.

    ReplyDelete
  28. AviSeptember 8, 2009 at 2:30 PM

    Thank you for the comforting views Sir. Really nice to see the plunge now..

    ReplyDelete
  29. kadiyaliSeptember 8, 2009 at 2:33 PM

    Krishan/Pushpaveni, hold TTML till my target of 50. If not this month, well before Deepavali we will see TTML above 50.

    ReplyDelete
  30. VivekSeptember 8, 2009 at 2:36 PM

    Indeed awesome. against the odds. kudos.

    ReplyDelete
  31. pushpaveniSeptember 8, 2009 at 2:37 PM

    Thank you Sir.

    ReplyDelete
  32. kadiyaliSeptember 8, 2009 at 2:37 PM

    Ramesh, put your SL in NF to Sell rate minus brokerage, so that there is no loss in this trade today. But never change this SL till Target 2 is achived, because if at all you gain today, you should gain 50 points of today + 25 points of yesterday's SL hit. Otherwise if your revised SL is hit, no problem.

    ReplyDelete
  33. UnknownSeptember 8, 2009 at 2:38 PM

    Dear Kadiyali
    Fantastic prediction, as you said Nifty coming down,NF stoploss altered to 4827,
    now waiting for your advice to square off.

    ReplyDelete
  34. ramsfmSeptember 8, 2009 at 2:42 PM

    Thanks sir, changed my STOPLOSS to 4825.10/-.
    Thanks,
    Ramesh.

    ReplyDelete
  35. kadiyaliSeptember 8, 2009 at 2:44 PM

    malai, lot of volatality will be there till today's current low of 4785 is broken. It is also possible NF can come very close to its current high of 4545, hit all our revised SL. No problem, if we gain today it should Target 2 otherwise, we will go home without loss.

    ReplyDelete
  36. UnknownSeptember 8, 2009 at 2:45 PM

    Kadiyali sir
    Your 2.37pm reply applies to my query also.Thanks

    ReplyDelete
  37. VaidyaSeptember 8, 2009 at 3:00 PM

    Sir, holding two lots nifty put 4600 at 50. Could me carry it tomorrow?

    ReplyDelete
  38. kadiyaliSeptember 8, 2009 at 3:02 PM

    Vaidya, hold your 4600PE for tomorrow.

    ReplyDelete
  39. VaidyaSeptember 8, 2009 at 3:03 PM

    Thank you so much sir..

    ReplyDelete
  40. kadiyaliSeptember 8, 2009 at 3:14 PM

    Target revised to 4709, as only 15 minutes left now.

    ReplyDelete
  41. kadiyaliSeptember 8, 2009 at 3:15 PM

    Target revised to 4799, as only 15 minutes left now.

    ReplyDelete
  42. ramsfmSeptember 8, 2009 at 3:18 PM

    Shell i carry all of my PUTS to tomorrow? now?

    ReplyDelete
  43. UnknownSeptember 8, 2009 at 3:18 PM

    Sir
    Nf squared off at4808.Thanks

    ReplyDelete
  44. kadiyaliSeptember 8, 2009 at 3:28 PM

    NF now 4805. Book profit for the day.

    ReplyDelete
  45. youtubeuserSeptember 8, 2009 at 3:28 PM

    booked profit. thanks kadiyali sir

    ReplyDelete
  46. vijaySeptember 8, 2009 at 4:19 PM

    Dear Kadiyali,
    I have sent a mail to your rediff mail(fiftypoints@rediff). Please check and reply me.

    thanks and regards,
    Viki_blr

    ReplyDelete
  47. sid_68September 8, 2009 at 7:40 PM

    kadiyali jee,
    i did manage my relaince call well but i am struck with 4600 puts four lots at @92.what to do. i am struck up

    ReplyDelete

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