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.