Wednesday, October 21, 2009

DAILY REPORT ON NIFTY BY kadiyali - 21.10.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5107 against its previous close of 5104, and is currently trading at 5109. It has so far recorded a HIGH of 5122 & a LOW of 5086. Asian cues are negative, US futures are just flat, and European markets may also open flat today. Nifty will trade both in negative & positive alternatively for the first half of the session, but will recover decisively into positive in the second half, and close the day in positive but all in a range bound trade. The trading range for NF today is likely to be 5080-5150.

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Nifty SMS Group Record

1. Total Trades:                  9 

2. Winning Trades:            6 

3. Losing Trades:               3

4. Points Gained:            117*

5. Points Lost:                   57 

6. Net Gain:                       60 

7. Month Target:            200

*includes today's gain of 17 points in  trade as per 11.44AM sms.

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Market Closing Report

3.30PM: Nifty futures closed the day at 5068, down 36 points, after touching a low of 5058 & a high of 5122.

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NIFTY OUTLOOK

Nifty continued to drift lower for the second day today, trading most of the times in negative, and closing the day in negative at 5064, down 51 points. FIIs net sold 512cr & DIIs net sold 291cr. Nifty seems to have fallen into bears' grip, and is likely to become sell on rise shortly.
Nifty levels for 22.10.09 Thursday are: PIVOT 5078, R1 5103 & R2 5143, S1 5038 & S2 5012.

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ANNOUNCEMENT

Fiftypointsaday is pleased to announce starting of  BANK NIFTY SMS GROUP for giving sms trading calls to trade in Bank Nifty. The per lot (50) margin required for trading in Bank Nifty is 50K appx, and our projected return for a month is 20K. This will be our third PAID SERVICE with one time Membership Fee & monthly Subscription Fee.

Before we start this group, we will be sending FREE sms calls to only those interested members of our Options Blog & Nifty SMS Group for a period of 15 trading days. The result of the daily trades will also be displayed in this blog just like we have been displaying the result of Nifty SMS Group. After completion of 15 trading calls, we will announce the details of the proposed Bank Nifty SMS Group with full details of membership fee & subscription fee. The existing members of our Options Blog & Nifty SMS Group will get concessions in membership/subscription fee in Bank Nifty Group.

We request those of our Options Blog & Nifty SMS Group Members who are interested to receive our sms calls to trade in Bank Nifty, to send email to fiftypointsaday@rediffmail.com, giving their names, place of stay & mobile numbers. 





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