Thursday, October 22, 2009

DAILY REPORT ON NIFTY BY kadiyali - 22.10.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5053 against its previous close of 5070, and is currently trading at 5050. It has so far recorded a HIGH of 5056 & a LOW of 5032. Asian cues are negative, US futures are just flat, and European markets may open in negative today. The trading range for NF today is likely to be 4990-5080.

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NIFTY SMS GROUP RECORD

1. Total Trades:                         10 

2. Winning Trades:                      7 

3. Losing Trades:                         3

4. Points Gained:                     177

5. Points Lost:                           57 

6. Net Gain:                              120* 

7. Month Target:                   200

* includes today's gain of 60 points in 12.20PM sms trade.

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Market Closing Report

3.30PM: Nifty futures closed the day at 5002, down 68 points, after touching a low of 4972 & a high of 5067.

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NIFTY OUTLOOK

Nifty traded in negative for the third day in a row today, and closed at 4989, down 75 points. FIIs net sold 499cr & DIIs net sold 18cr. Last 2 days' trades confirm nifty has fallen into Sell on Rise zone, and nifty is likely to breach its strong support of 4920 in a few days.
Nifty levels for 22.10.09 Friday are: PIVOT 5007, R1 5046 & R2 5103, S1 4950 & S2 4911.

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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 email to fiftypointsaday@rediffmail.com, giving their names, place of stay & mobile nos.





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