DAILY REPORT ON NIFTY BY kadiyali - 30.11.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5003 against its previous close of 4946, and is currently trading at 5028. It has so far recorded a HIGH of 5032 & a LOW of 4990. Asian cues are positive, US futures are in green, and European markets may open slightly in positive today. The trading range for NF today is likely to be 4990-5040 in a range bound trade.

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Market Close Report

3.30PM: Nifty futures closed the day at 5023, up 77 points, after touching a low of 4990 & a high of 5072.

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NIFTY OUTLOOK

Nifty had a gap up opening today & maintained the positive gap till the end, and closed the day at 5032, up 91 points. FIIs net bought 456cr & DIIs net bought 469cr. For the last 8 trading days, FIIs have net sold 1923cr, which is an indication for the nifty to seek lower level of 4700 at least in the next few days.
Nifty levels for 01.12.09 Tuesday are: PIVOT 5014, R1 5085 & R2 5138, S1 4961 & S2 4889.

DAILY REPORT ON NIFTY BY kadiyali - 27.11.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4918 against its previous close of 4992, and is currently trading at 4884. It has so far recorded a HIGH of 4925 & a LOW of 4865. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 4830-4940.

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Nifty SMS Group Trades Record

1. Total Trades:                      12

2. Winning Trades:                  6

3. Losing Trades:                     6

4. Points Gained:                 160*

5. Points Lost:                      136

6. Net Gain:                            24 

7. Month Target:                  200   

*includes today's gain of 60 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4953, down 39 points, after touching a low of 4801 & a high of 4960.

DAILY REPORT ON NIFTY BY kadiyali - 26.11.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5094 against its previous close of 5108, and is currently trading at 5101. It has so far recorded a HIGH of 5108 & a LOW of 5082. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 5050-5110. Nifty may trade in negative for most part of the day, but a late recovery is possible to get a close very near 5100.

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Short Term Trading Calls

Bought PASUPATHI ACRYLON @ 7.05.  Target 10.

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Market Close Report

3.30PM: Nifty futures closed the day at 5005, down 103 points, after touching a low of 4978 & a high of 5108.

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NIFTY OUTLOOK

After yesterday's Double Top, nifty started the slide today, falling by more than 100 points & closed the day at 5005, down 103 points. FIIs net sold 70cr & DIIs net bought 150cr. Nifty will soon enter the Sell On Rise zone.
Nifty levels for 27.11.09 Friday are: PIVOT 5036, R1 5086 & R2 5166, S1 4955 & S2 4905.

DAILY REPORT ON NIFTY BY kadiyali - 25.11.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5083 against its previous close of 5087, and is currently trading at 5114. It has so far recorded a HIGH of 5117 & a LOW of 5081. Asian cues are mixed, US futures are in green, and European markets may open slightly in positive today. The trading range for NF is likely to be 5070-5150 today. Nifty may see a sell off in the second part of the day & may close in negative slightly below 5100.

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Market Close Report

3.30PM: Nifty futures closed the day at 5112, up 25 points,  after touching a low of 5081 & a high of 5139.

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NIFTY OUTLOOK

Nifty today traded above 5100 for almost the entire day, and closed above 5100, at 5108, up 18 points. FIIs net sold 331cr & DIIs net bought 141cr. Nifty has now traded for the last 4 days above 5100 - its huge supply zone, and might have already completed the Double Top.
Nifty levels for 26.11.09 Thursday are: PIVOT 5108, R1 5138 & R2 5168, S1 5078 & S2 5048.

DAILY REPORT ON NIFTY BY kadiyali - 24.11.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5099 against its previous close of 5108, and is currently trading at 5097. It has so far recorded a HIGH of 5101 & a LOW of 5085. Asian cues are negative, US futures are in red, and European markets may also open in negative. The trading range for NF today is likely to be 5050-5110.

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Market Close Report

3.30PM: Nifty futures closed the day at 5073, down 38 points, after touching a low of 5050 & a high of 5109.

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NIFTY OUTLOOK

Nifty had a rangebound trade today, and closed the day at 5090, down 13 points. FIIs net bought 170cr & DIIs net sold 147cr. Nifty will have volatile trading for next 2 days in view of the approaching expiry date.
Nifty levels for 25.11.09 Wednesday are: PIVOT 5085, R1 5118 & R2 5145, S1 5058 & S2 5026.

DAILY REPORT ON NIFTY BY kadiyali - 23.11.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5072 against its previous close of 5068, and is currently trading at 5079. It has so far recorded a HIGH of 5091 & a LOW of 5068. Asian cues are mixed, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 5010-5120.

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Market Closing Report

3.30PM: Nifty futures closed the day at 5101, up 33 points, after touching a low of 5068 & a high of 5119.

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NIFTY OUTLOOK

Nifty continued its bullish momentum today, and closed the day at 5103, up 51 points. FIIs net sold 168cr & DIIs net bought 132cr. Nifty is now heading towards its earlier high of 5182 to form a Double Top.
Nifty levels for 24.11.09 Tuesday are: PIVOT 5089, R1 5127 & R2 5150, S1 5066 & S2 5028.

DAILY REPORT ON NIFTY BY kadiyali - 20.11.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4961 against its previous close of 4986, and is currently trading at 4978. It has so far recorded a HIGH of 4992 & a LOW of 4961. Asian cues are mixed, US futures are just flat, and European markets may open slightly in positive today. The trading range for NF today is likely to be 4950-5030.

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Nifty SMS Group Trades Record

1. Total Trades:                           11

2. Winning Trades:                       5

3. Losing Trades:                          6

4. Points Gained:                      100

5. Points Lost:                           136*

6. Net Gain:                                - 36

7. Month Target:                     200 (revised)

*includes today's loss of 30 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5077, up 91 points, after touching a low of 4937 & a high of 5077.

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NIFTY OUTLOOK

Though started the day with bullish trade, Nifty drifted lower due to midsession selling pressure, only to recover smartly 130 points from its day's low on the back of short covering, and closed the day at 5052, up 63 points. Bulls have now ensured a close above 5050 for 4 out of the 5 trading days of this week, luring retail investors to hold on to their profitable investments at high valuations.
Nifty levels for 23.11.09 Monday are: PIVOT 5016, R1 5099 & R2 5147, S1 4969 & S2 4886.

DAILY REPORT ON NIFTY BY kadiyali - 19.11.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5049 against its previous close of 5055, and is currently trading at 5024. It has so far recorded a HIGH of 5049 & a LOW of 5020. Asian cues are mixed, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 4990-5060.

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Nifty SMS Group Trades Record

1. Total Trades:                          10

2. Winning Trades:                       5

3. Losing Trades:                          5

4. Points Gained:                     100*

5. Points Lost:                          106

6. Net Gain:                                 - 6

7. Month Target:                       400

includes today's gain of 37 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4984, down 71 points, after touching a low of 4962 & a high of 5049.

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NIFTY OUTLOOK

After trading in a range of 5010-5080 for the last few days, Nifty finally came out of the range to close below 5000 at 4989, down 66 points. FIIs net sold 459cr & DIIs net bought 116cr. After trying to break out above its tough resistance of 5050 for 3 days, nifty seems to have respected the said resistance to resume its downward journey.
Nifty levels for 20.11.09 Friday are: PIVOT 5002, R1 5040 & R2 5092, S1 4950 & S2 4912.

DAILY REPORT ON NIFTY BY kadiyali - 18.11.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5042 against its previous close of 5063, and is currently trading at 5077. It has so far recorded a HIGH of 5080, and a LOW of 5035. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF is likely to be 5020-5090 in yet another RANGEBOUND day.

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Market Close Report

3.30PM: Nifty futures closed the day at 5057, down 6 points, after touching a low of 5035 & a high of 5082.

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NIFTY OUTLOOK

Nifty had yet another day of rangebound trading, and closed the day flat for the second day at 5055, down 7 points. FIIs net bought 412cr & DIIs net sold 256cr. Nifty for the last 3 days has been trading very firmly above 5050 giving profit booking opportunities for those who believe in a short term reversal for nifty.
Nifty levels for 19.11.09 Thursday are: PIVOT 5058, R1 5075 & R2 5096, S1 5037 & S2 5021.

DAILY REPORT ON NIFTY BY kadiyali - 17.11.09 (Tuesday)

Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5063 against its previous close of 5062, and is currently trading at 5043. It has so far recorded a HIGH of 5065 & a LOW of 5031. Asian cues are negative, US futures are in negative, and European markets may open slightly negative today. The trading range for NF today is likely to be 4980-5070.

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Nifty SMS Group Trades Record

1. Total Trades:                         9

2. Winning Trades:                   4

3. Losing Trades:                      5

4. Points Gained:                     63

5. Points Lost:                        106*

6. Net Gain:                           - 43

7. Month Target:                    400

* includes today's loss of 12 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5056, down 6 points, after touching a low of 5006 & a high of 5073.

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NIFTY OUTLOOK

Nifty had a volatile trade today within a small range, trading in negative for a major part of the day, but recovering all the losses towards the end to close the day just flat at 5062, up 4 points. FIIs net bought 463cr & DIIs net sold 235cr. Nifty has been rising on lower volumes, closing the last two days at its resistance level of 5050.Nifty levels for 18.11.09 Wednesday are: PIVOT 5049, R1 5087 & R2 5113, S1 5024 & S2 4985.

DAILY REPORT ON NIFTY BY kadiyali - 16.11.09 (Monday)

Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5041 against its previous close of 5002, and is currently trading at 5058. It has so far recorded a HIGH of 5069 & a LOW of 5038. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 5030-5090.

DAILY REPORT ON NIFTY BY kadiyali - 13.11.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4947 against its previous close of 4953, and is currently trading at 4972. It has so far recorded a HIGH of 4985 & a LOW of 4946. Asian cues are mixed, US futures are flat, and European markets may open in negative today. The trading range for NF today is likely to be 4910-5000.

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Nifty SMS Group Trades

1. Total Trades:                       8

2. Winning Trades:                 4

3. Losing Trades:                    4

4. Points Gained:                   63*

5. Points Lost:                        94

6. Net Gain:                          - 31

7. Month Target:                  400

* includes today's gain of 16 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5000, up 47 points, after touching a low of 4946 & a high of 5023.

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NIFTY OUTLOOK

Nifty had a bullish trade today, recovering almost all of the previous day's loss, and closed the day at 4999, up 46 points. FIIs net bought 471cr & DIIs net sold 25cr. Having touched an intraday high of 5016, 5014 & 5017 for the last 3 days, Nifty is facing a congestion zone just above 5000, with a further strong resistance at 5050.
Nifty levels for 16.11.09 Monday are: PIVOT 4986, R1 5030 & R2 5061, S1 4955 & S2 4911.

DAILY REPORT ON NIFTY BY kadiyali - 12.11.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4998 against its previous close of 5009, and is currently trading at 4990. It has so far recorded a HIGH of 5012 & a LOW of 4971. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF is likely to be 4930-5020.

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Market Close Report

3.30PM: Nifty futures closed the day at 4969, down 40 points, after touching a low of 4917 & a high of 5017.

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NIFTY OUTLOOK

Nifty had a rangebound trade today for a major part of the session, and saw some sell off in the last one hour, and closed the day at 4953, down 51 points. FIIs net bought 68cr & DIIs net sold 108cr. Nifty may trade between 4850-5050 for a week before starting its down leg again.
Nifty levels for 13.11.09 Friday are: PIVOT 4964, R1 5003 & R2 5054, S1 4913 & S2 4874.

DAILY REPORT ON NIFTY BY kadiyali - 11.11.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4887 against its previous close of 4874, and is currently trading at 4905. It has so far recorded a HIGH of 4906 & a LOW of 4867. Asian cues are positive, US futures are in green, and European markets may open slightly positive today. The trading range for NF today is likely to be 4820-4930.

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Market Close Report

3.30PM: Nifty futures closed the day at 5013, up 139 points, after touching a low of 4867 & a high of 5024.

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NIFTY OUTLOOK

Nifty had a bullish trade today & posted handsome gains to close the day at 5004, up 122 points. FIIs net bought 862cr & DIIs net bought 90cr. Nifty having retraced almost 70% of its recent fall is surprisingly heading towards double top formation.
Nifty levels for 12.11.09 Thursday are: PIVOT 4963, R1 5057 & R2 5110, S1 4910 & S2 4817.

DAILY REPORT ON NIFTY BY kadiyali - 10.11.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4942 against its previous close of 4903, and is currently trading at 4910. It has so far recorded a HIGH of 4947 & a LOW of 4905. Asian cues are positive, US futures are in red, and European markets may open little changed today. Nifty may have a RANGEBOUND trade today, and the trading range for NF is likely to be 4880-4960.

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Nifty SMS Group Trades

1. Total Trades:                7

2. Winning Trades:           3

3. Losing Trades:              4

4. Points Gained:             47

5. Points Lost:                 94*

6. Net Gain:                  - 47

7. Month Target:           400

* includes today's loss of 21 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4872, down 31 points, after touching a low of 4850 & a high of 4947.

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NIFTY OUTLOOK

Nifty had a gap up opening today but lost all its gains & closed the day in negative at 4882, down 16 points. FIIs net bought 259cr & DIIs net bought 182cr. Nifty may make one more attempt to go beyond 4900 before falling towards its next downward target of 4250.
Nifty levels for 11.11.09 Wednesday are: PIVOT 4896, R1 4933 & R2 4984, S1 4845 & S2 4809.

DAILY REPORT ON NIFTY BY kadiyali - 09.11.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4819 against its previous close of 4790, and is currently trading at 4810. It has so far recorded a HIGH of 4828 & a LOW of 4792. Asian cues are postive, US futures are in green, and European markets may open in slightly positive today. The trading range for NF today is likely to be 4750-4840.

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Nifty SMS Group Trades

1. Total Trades:              6

2. Winning Trades:         3

3. Losing Trades:            3

4. Points Gained:            47

5. Points Lost:                 73*

6. Net Gain:                  - 26

7. Month Target:          400

* includes today's loss of 15 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4906, up 116 points, after touching a low of 4780 & a high of 4909.

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NIFTY OUTLOOK

Nifty had a highly bullish trade today, continuing its positive close for the 4th day, and closed the day at 4898, up 102 points. FIIs net bought 477cr & DIIs net sold 287cr. Nifty has now retraced more than 50% of its recent fall, and will face a strong resistance below 4970.
Nifty levels for 10.11.09 Tuesday are: PIVOT 4864, R1 4939 & R2 4980, S1 4824 & S2 4749.

DAILY REPORT ON NIFTY BY kadiyali - 06.11.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4814 against its previous close of 4770, and is currently trading at 4817. It has so far recorded a HIGH of 4834 & a LOW of 4806. Asian cues are positive, US futures are in red, and European markets may open in positive today. The trading range for NF today is likely to be 4690-4850. A range bound trade with 4800-4850 is also not ruled out.

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Nifty SMS Group Trades

1. Total Trades:               5

2. Winning Trades:          3

3. Losing Trades:             2

4. Points Gained:            47*

5. Points Lost:                 58

6. Net Gain:                  - 11

7. Month Target:           400

* includes today's gain of 11 points.

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Market Close Report

3.3oPM: Nifty futures closed the day at 4797, up 26 points, after touching a low of 4755 & a high of 4834.

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NIFTY OUTLOOK

Nifty had a gap up opening today, but traded volatile within a small range, and closed the day with gains for the third day, at 4796, up 30 points. FIIs net bought 587cr & DIIs net bought 236cr. Nifty is now near its short term resistance of 4880, and a steep fall from the current level looks imminent.
Nifty Levels for 09.11.09 Monday are: PIVOT 4799, R1 4833 & R2 4870, S1 4762 & S2 4728.

DAILY REPORT ON NIFTY BY kadiyali - 05.11.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4690 against its previous close of 4705, and is currently trading at 4653. It has so far recorded a HIGH of 4693 & a LOW of 4625. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 4560-4700.

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Nifty SMS Group Trades

1. Total Trades:               4

2. Winning Trades:          2

3. Losing Trades:             2

4. Points Gained:            36*

5. Points Lost:                 58

6. Net Gain:                   - 22

7. Month Target:           400

* includes today's gain of 3 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4777, up 72 points, after touching a low of 4600 & a high of 4785.

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NIFTY OUTLOOK

Nifty had a volatile session today, falling by almost 100 points in the morning session, only to recover from day's low by more than 160 points, and closed the day at 4766, up 55 points. FIIs net bought 127cr & DIIs net bought 200cr. Nifty's wider range volatality for the last 3 days indicates the strong possibility of a BIG upmove or a BIG downmove, and lack of positive trigger should only lead to a big downmove from here.
Nifty levels for 06.11.09 Friday are: PIVOT 4717, R1 4824 & R2 4883, S1 4569 & S2 4552.

DAILY REPORT ON NIFTY BY kadiyali - 04.11.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4585 against its previous close of 4559, and is now trading at 4650. It has so far recorded a HIGH of 4659 & a LOW of 4581. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4580-4690.

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Nifty SMS Group Trades

1. Total Trades:               3

2. Winning Trades:          1

3. Losing Trades:             2

4. Points Gained:            33

5. Points Lost:                  58

6. Net Gain:                      - 25

7. Month Target:            400

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Market Close Report

3.30PM: Nifty futures closed the day at 4711, up 152 points, after touching a low of 4581 & a high of 4711.

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NIFTY OUTLOOK

Nifty put a break to its 6-days' losing streak today, and recovered smartly aided by short coverings, to end the day at 4711, up 147 points. FIIs net bought 234cr & DIIs net bought 557cr. Nifty may rise for one more day before bears resume their onslaught at higher levels.
Nifty levels for 05.11.09 Thursday are: PIVOT 4664, R1 4764 & R2 4817, S1 4611 & S2 4512.

DAILY REPORT ON NIFTY BY kadiyali - 03.11.09 (Tuesday)

Nifty 11AM Call

11AM: Nifty opened today in negative with a negative gap of 40 points, but recovered the entire gap in one hour, and is trading now at 4714, up just 3 points. It has so far recorded a HIGH of 4717 & a LOW of 4670. Asian cues are negative, US futures are in green, and European market may open in positive today. Nifty will trade in negative today for the first 2 hours of trade, and will get into positive thereafter, and will close the day in positive in the range of 4740-4760. The trading range for Nifty Futures today is likely to be 4650-4770.

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Nifty SMS Group Trades

1. Total  Trades:           2

2. Winning Trades:       1

3. Losing Trades:           1

4. Points Gained:         33*

5. Points Lost:              29*

6. Net Gain:                    4

7. Month Target:        400

* includes gain of 33 points & loss of 29 points in 2 trades today.

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Market Close Report

3.30PM: Nifty closed the day at 4564, down 148 points, after touching a low of 4538 & a high of 4729. Nifty futures closed the day at 4536, down 171 points, after touching a low of 4531 & a high of 4734.

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NIFTY OUTLOOK

Nifty saw a total sell off today due to continuing bear hammering, fell almost 200 points from day's high, and closed the day in negative for the 6th consecutive days,  at 4564, down 147 points. FIIs net sold 874cr & DIIs net bought 752cr. By closing below 4600 today, nifty completed its downward target of 4600 given by me last week, and is now on its way to its next target of 4200.
Nifty levels for 04.11.09 Wednesday are: PIVOT 4611, R1 4683 & R2 4802, S1 4491 & S2 4419.