HAPPY NEW YEAR

Fiftypointsaday team wishes 

All members, followers & visitors of FIFTYPOINTASADAY Blog

A HAPPY NEW YEAR & VERY PROSPEROUS YEAR 2010!!!

DAILY REPORT ON NIFTY BY kadiyali - 31.12.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5193 against its previous close of 5168, and is currently trading at 5220. It has so far recorded a HIGH of 5221 & a LOW of 5193. 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 5170-5240. Nifty may trade in a tight range in first part of the day, but may be volatile during second half.

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Market Close Report

3.30PM: Nifty futures closed the day at 5202, up 35 points, after touching a low of 5191 & a high of 5229.

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NIFTY OUTLOOK

Nifty surged further up today & closed the day above 5200 for the first time in this year 2009 at 5201, up 32 points.  FIIs net bought 516cr & DIIs net sold 472cr.  Nifty has closed the year at its year's high of 5201 thanks to the continuing liquidity floating around in the market.

Nifty levels for 04.01.2010 are: PIVOT 5197, R1 5226 & R2 5250, S1 5172 & S2 5144.

DAILY REPORT ON NIFTY BY kadiyali - 30.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5185 against its previous close of 5194, and is currently trading at 5185. It has so far recorded a HIGH of 5198 & a LOW of 5178. Asian cues are mixed, US futures are in red, and European markets may open in negative today. The trading range for NF today is 5120-5200.

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Market Close Report

3.30PM: Nifty futures closed the day at 5169, down 25 points, after touching a low of 5155 & a high of 5198.

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NIFTY OUTLOOK

Nifty traded range bound ahead of this month expiry, and closed the day at 5169, down 19 points. FIIs net bought 113cr & DIIs net bought 69cr. Nifty is likely to trade with volatility tomorrow being the last day of the expiry as well as the year.
Nifty levels for 31.12.09 Thursday are: PIVOT 5175, R1 5191 & R2 5212, S1 5154 & S2 5138.

DAILY REPORT ON NIFTY BY kadiyali - 29.12.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5191 against its previous close of 5185, and is currently trading at 5194. It has so far recorded a HIGH of 5202 & a LOW of 5175. Asian cues are slightly negative, US futures are just flat, and European markets may open near flat today. The trading range for NF is likely to be 5140-5210 today.

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Market Close Report

3.30PM: Nifty futures closed the day at 5195, up 10 points, after touching a low of 5175 & a high of 5224.

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NIFTY OUTLOOK

Nifty posted a positive close for the 4th day today, and closed the day at 5188, up 10 points. FIIs net sold 53cr & DIIs net bought 3cr. Though nifty is in a rising mood, the Dec expiry due on 31st is capping the further rise for the month.
Nifty levels for 30.12.09 Wednesday are: PIVOT 5193, R1 5210 & R2 5231, S1 5171 & S2 5154.

WEELLY REPORT ON NIFTYBY kadiyali - 26.12.09 (Saturday)

WEEK GONE BY

Despite trading only for 4 days in the shortened last week, Nifty traded in a range of more than 200 points, and closed the week at 5178, up 190 points, recording in the process its highest close of 2009, surpassing 5148 of 8th Dec. It also touched its intraday highest level of 5197 for the year. The trading range for the week was 4943-5197 with the low of 4943 recorded on Monday and the high of 5197 touched on Thursday.

WEEK AHEAD

Having  bounced back by 190 points in just 4 trading days of the week, Nifty will trade the coming week (shortened with only 3 trading days) in a narrow trading range, and may close the week as well as the month's expiry between 5100-5150. The trading range for the week is likely to be 5080-5190. 

 

STRATEGY FOR THE WEEK

1. If you are long, book out at immediate level of above 5150, and take Jan long position if you see a level below 5100.

2. If you are short, wait for a level below 5100 & book out, so that you can take a fresh short in Jan series during first week of the month at much higher level.

 

STOCK RECOMMENDATION

My stock recommendation for the week is SHRI LAKSHMI COTSYN (cmp 105).

SHRI LAKSHMI COTSYN - FV 10 - CMP 105 - Lifetime High 203 in 2007 - 52 weeks High 112 - 52 weeks Low 21. This company with a low capital of  14.80cr, with regular capex to increase the growth with borrowed funds, is all poised to record a topline of almost 1500cr for current year ending 06/10 with a growth of nearly 30%, and also a bottom line growth of more than 20%. Projected EPS for 06/10 on an enhanced capital of 20cr (by conversion of warrants issued) will be 30-35.

Watch the price of this company, and BUY at any level below 90 for a target of 200 in one year. Textile sector is a cyclic one, and the next boom is due any time now.

OPTION RECOMMENDATION

As only 3 trading days are left for this expiry, I am not recommending any Options for this week.

DAILY REPORT ON NIFTY BY kadiyali - 24.12.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5159 against its previous close of 5156, and is currently trading at 5154. It has so far recorded a HIGH of 5179 & a LOW of 5143. 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 5140-5190 in a rangebound trade.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                       15

B. Winning Trades:                    8

C. Losing Trades:                       7

D. Points Gained:                    231

E. Points Lost:                         142*

F. Net Gain:                              89

* includes today' s loss of 25 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5177, up 21 points, after touching a low of 5136 & a high of 5209.

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NIFTY OUTLOOK

Nifty continued its upmove today and closed the day at 5178, up 34 points. FIIs net bought 707cr & DIIs net sold 111cr. Nifty has been maitaining the higher valuation levels due to the extra liquidity caused by FIIs inflow, and could scale higher levels after the Dec expiry, enabling DIIs & retail investors to exit at good levels. Govt may utilise the situation to tax P-Notes investments of FIIs to compensate shortfall in indirect tax collections.
Nifty levels for 29.12.09 Tuesday are: PIVOT 5168, R1 5208 & R2 5237, S1 5139 & S2 5099.

DAILY REPORT ON NIFTY BY kadiyali - 23.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4993 against its previous close of 4989, and is currently trading at 5046. It has so far recorded a HIGH of 5048 & a LOW of 4993. Asian cues are positive, US futures are in green, and European markets may open today in positive. The trading range for NF today is likely to be 4940-5090. Nifty will trade in positive for a major part of the day but may see sell of towards the end.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:              14

B.  Winning Trades:           8

C.  Losing Trades:              6

D.  Points Gained:           231

E.  Points Lost:                117*

F.  Net Gain:                    114

* includes today's loss of 31 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5157, up 168 points, after touching a low of 4993 & a high of 5161.

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Nifty Outlook

Nifty rided on the back of shortcoverings today to notch up the biggest intraday gain since May, and closed the day at 5144, up 158 points. FIIs net bought 769cr & DIIs net bought 13cr. Nifty is likely to retest the earlier high of 5182 once again.
Nifty levels for 24.12.09 Thursday are: PIVOT 5095, R1 5200 & R2 5256, S1 5039 & S2 4934.

DAILY REPORT ON NIFTY BY kadiyali - 22.12.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4967 against its previous close of 4948, and is currently trading at 4969. It has so far recorded a HIGH of 4980 & a LOW of 4967. Asian cues are postive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4960-5010 in a rangebound trade.

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Market Close Report

3.30PM: Nifty futures closed the day at 4996, up 48 points, after touching a low of 4967 & ahigh of 4999 in a rangebound trade.

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NIFTY OUTLOOK

Aided by positive global cues, nifty managed a small pull back, and closed the day at 4986, up 33 points. FIIs net sold 110cr & DIIs net bought 511cr. Bears are just waiting for a day or two of negative global cues to hammer down nifty below 4900.
Nifty levels for 23.12.09 Wednesday are: PIVOT 4979, R1 5004 & R2 5023, S1 4960 & S2 4934.

DAILY REPORT ON NIFTY BY kadiyali - 21.12.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4990 against its previous close of 4986, and is currently trading at 4963. It has so far recorded a HIGH of 4995 & a LOW of 4958. Asian cues are mixed, US futures are just flat, and European markets may open today in positive. The trading range for NF today is likely to be 4950-5020.

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NIFTY SMS GROUP TRADES - DEC 09

A.   Total Trades:                  13

B.   Winning Trades:               8

C.   Losing Trades:                  5

D.  Points Gained:                231

E.  Points Lost:                       86*

F.  Net Gain:                         145

*included today's loss of 26 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4940, down 46 points, after touching a low of 4937 & a high of 4995.

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NIFTY OUTLOOK

Nifty continued to slide further, and closed the day at 4953, down 35 points. FIIs net sold 292cr & DIIs net bought 354cr. As Nifty has fallen more than 200 points from its intraday high of 5182 touched on 11th without any pullback for the last 7 trading days, we can expect a pull back of 50-60 points from current level before it resumes the downtrend towards a target of 4800.
Nifty levels for 22.12.09 Tuesday are: PIVOT 4965, R1 4985 & R2 5019, S1 4932 & S2 4911.

WEEKLY REPORT ON NIFTY BY kadiyali - 19.12.09 (Saturday)

WEEK GONE BY

As indicated in my last weekly report, Nifty  closed the week  1)in negative 2)below 5050, at 4988, down 129 points. It also traded the week almost in the trading range indicated by me of 4980-5140 by trading in the range of 4979-5156. The high of the week of 5156 was recorded on Monday, and the low of the week of 4979 was touched on Friday.

WEEK AHEAD

Nifty will continue its negative bias for the week ahead, and will close the week in negative. Though the week will be a shortened week with only 4 trading days, nifty is likely to trade in a range of almost 200 points, and is likely to close below 4900. The trading range for the week will be 4830-5020. Expect a single day 3-digit loss for nifty either on Wednesday or on Thursday.

STATEGY FOR THE WEEK

1. For those holding longs, I had written in my last report " I had asked those holding longs to get out of longs when nifty touched 5180, and in fact nifty gave an excellent opportunity to book profits in longs at its peak. If still holding, get out of the longs when you see 5130 in this week."  And nifty gave that missed chance again by touching a high of 5156 on Monday.

I recommend NOT to hold any longs for one more week.

2. If you are short, book profit in part if you see level below 4950 on Monday, otherwise hold the shorts till nifty falls below 4870.

STOCK RECOMMENDATION

My stock recommendation for the week is ABAN OFFSHORE (cmp 1163).

Aban Offshore - FV 2 - CMP 1163 - Life time High 5555 - 52 weeks High 1679 - 52 weeks' low 224. For the kind of operations of this company, its  equity of 7.56 cr is very low, and makes it an excellent investment on SIP basis. Though market feared very big negative impact on this stock due to global recession, and the stock was hammered down to 224 in early 2009, the recession did not affect the actual performance of the company. It has only suffered due to heavy borrowings, which are likely to be brought down substantially in the weeks to come. The stock is all set to go beyong its current 52 weeks high of 1679 once its Singapore subsidiary gets listed.

BUY this share as a New Year Gift to your family. Buy 10 (or multiples) shares at CMP, and go on adding  2 shares (or multiples) every 10 days so long as it quotes below your BUY price. Remember my New Year Gift recommendation of INFOSYS last December at almost the same price of Aban now? Aban will outperform Infosys by next December.

OPTION RECOMMENDATION

Since, due to range bound trades,  the Options recommended by me during last two weeks, ie. 4900PE below 45 for a target of 120, and Suzlon 85CA below 2.50 for a target of 7 have still not yielded the targetted price, I am skipping Options for this week. You may continue to hold the said two options if bought below the price indicated.

ANNOUNCEMENT

Our paid blog Kadiyali Options Blog will cease to be a paid blog w.e.f.1.1.2010. The access to the options blog from the said date however will be restricted to our Nifty SMS Group members on complimentary basis. The existing members of the blog will be treated as members of our Nifty SMS Group upon renewal, and complementary access will be issued to them to options blog. Similarly the existing members of our Nifty SMS group will also be issued complementary access to the blog against any vacant slots on the basis of their date of joining.

With the above step, all our 3 blogs will become free (non-paid) blogs: 1)fiftypointsaday blog free without any restrictions regarding number of visitors, 2)stock portfolios blog free for the first 100 members on our invitation, and 3)kadiyali options blog free for the members of our Nifty SMS Group with complementary access issued to them on the basis of their date of joining against any vacant slots.

Those who become members of Nifty SMS Group on or before 31.12.09 are likely to be accomodated with a complementary access to options blog. For further details regarding membership of our paid service Nifty SMS Group, email to fiftypointsaday@rediffmail.com.

DAILY REPORT ON NIFTY BY kadiyali - 18.12.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5018 against its previous close of 5036, and is currently trading at 5015. It has so far recorded a HIGH of 5035 & a LOW of 5013. Asian cues are negative, US futures are in green, and European markets will open near flat today. The trading range for NF today is likely to be 4990-5060. Nifty may close today in negative with a minor loss of 10-20 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4983, down 53 points, after touching a low of 4972 & a high of 5049.

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Nifty Outlook

Nifty at last slipped below 5000 today, and closed the day at 4988, down 54 points. FIIs net sold 206cr & DIIs net bought 331cr. Nifty will now have a strong resistance at 5050 till it achieves its downward target of 4800.
Nifty levels for 21.12.09 Monday are: PIVOT 5003, R1 5028 & R2 5068, S1 4963 & S2 4939.

DAILY REPORT ON NIFTY BY kadiyali - 17.12.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5035 against its previous close of 5040, and is currently trading at 5041. It has so far recorded a HIGH of 5046 & a LOW of 5118. 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 4980-5050.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:                12

B.   Winning Trades:            8

C.   Losing Trades:               4

D.   Points Gained:            231

E.   Points Lost:                   60*

F.   Net Gain:                     171

* includes today's loss of 21 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5030, down 10 points, after touching a low of 5008 & a high of 5068.

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Nifty Outlook

Nifty had a rangebound trade today before closing the day just flat at 5042. FIIs net bought193cr & DIIs net bought 139cr. After closing 9 out of first 10 trading days of the month above 5100, nifty has now closed between 5030-5050 for the last 3 days, and is likely to fall decisively below 5000 very shortly.
Nifty levels for 18.12.09 Friday are: PIVOT 5040, R1 5066 & R2 5090, S1 5015 & S2 4988.

DAILY REPORT ON NIFTY BY kadiyali - 16.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5019 against its previous close of 5031, and is currently trading at 5012. It has so far recorded a HIGH of 5033 & a LOW of 5004. 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 4970-5040. Nifty may trade today in negative for the first half of the session falling below 5000, but may recover above 5100 in the second half to close the day near flat.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:                   11

B.   Winning Trades:               8

C.   Losing Trades:                  3

D.   Points Gained:               231

E.   Points Lost:                      39*

F.   Net Gain:                        192

* includes today's loss of 15 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5056, up 25 points, after touching a low of 5004 & a high of 5072. 

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Nifty Outlook

Nifty had a relief pull back today from its day's low of 5001, and closed the day at 5042, down 9 points. FIIs net sold 355cr & DIIs net bought 275cr. For the first 10 trading days of the month, nifty had 5050/5080 as its support,  and the same is likely to act as its resistance now.
Nifty levels for 17.12.09 Thursday are: PIVOT 5037, R1 5072 & R2 5102, S1 5007 & S2 4971.

DAILY REPORT ON NIFTY BY kadiyali - 15.12.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5111 against its previous close of 5107, and is currently trading at 5116. It has so far recorded a HIGH of 5125 & a LOW of 5108. Asian cues are mixed, US futures are just flat, and European markets may open marginally in negative today. The trading range for NF today is likely to be 5060-5130. Nifty may trade today in positive for not more than 2 hours, and will close the day in negative below 5100, after closing above 5100 for 9 out of 10 days of this month.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:                10

B.   Winning Trades:            8

C.   Losing Trades:               2

D.   Points Gained:           231*

E.   Points Lost:                  24+

F.   Net Gain:                    207

* includes today's gain of 17 points. + includes today' loss of 16 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5021, down 86 points, after touching a low of 5017 & a high of 5125.

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Nifty Outlook

Nifty had its all elusive correction today, and closed the day at 5033, down 72 points. FIIs net sold 6cr & DIIs net bought 39cr. Nifty now may have a relief rally, before resuming the downtrend for a target of 4800.
Nifty levels for 16.12.09 Wednesday are: PIVOT 5060, R1 5102 & R2 5171, S1 4991 & S2 4949.

DAILY REPORT ON NIFTY BY kadiyali - 14.12.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5105 against its previous close of 5111, and is currently trading at 5140. It has so far recorded a HIGH of 5150 & a LOW of 5101. Asian cues are negative, but US futures are in deep green, and European markets may open in positive today. The trading range for NF today is likely to be 5100-5160. Nifty will trade in positive today for almost the entire session, and may close in positive but with only minor gains of 15-20 points.

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Nifty SMS Group Trades - Dec 09

1.  Total Trades:                8

2.  Winning Trades:           7

3.  Losing Trades:              1

4.  Points Gained:            214*

5.  Points Lost:                   8

6.  Net Gain:                     206

*includes today's gain of 39 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5102, down just 9 points, after touching a low of 5090 & a high of 5167.

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Nifty Outlook

Nifty traded in positive for a major part of the day today, only to be sold off at higher level, and closed the day at 5105, down 12 points. FIIs net bought 62cr & DIIs net bought 109cr. With 9 out of the first 10 trading days of the month seeing nifty closing above 5100, the elusive correction is getting delayed.
NIfty levels for 15.12.09 Monday are: PIVOT 5117, R1 5144 & R2 5184, S1 5078 & S2 5051.

WEEKLY REPORT ON NIFTY BY kadiyali - 12.12.09 (Saturday)

WEEK GONE BY

As indicated in my last Weekly Report, Nifty just managed to surpass its previous high of  5181 by just one point, and failed to post a close above the said high, and closed the week at 5117, up just 8 points. In the process, nifty also managed to avoid a negative close for the week by 8 points.  Nifty traded during the week almost in the trading range indicated by me, by trading in the range of 5051-5182 against 5010-5190 indicated in the last report. The low of the week of 5051 was recorded on Monday, and the high of the week of 5182 was touched on Friday.  Nifty has now posted a close above 5100 for 8 out of the first 9 trading days of this month, indicating a 'broader distribution' before a steep fall.

WEEK AHEAD

Having succeeded in avoiding a negative close last week just by a whisker, Nifty is now all to post a negative close for the week ahead, and the closing for the next week will be below 5050. The trading range for the week will be 4980-5140.

STRATEGY FOR THE WEEK

1. I had asked those holding longs to get out of longs when nifty touched 5180, and in fact nifty gave an excellent opportunity to book profits in longs at its peak. If still holding, get out of the longs when you see 5130 in this week.

2. Those who are holding shorts can continue to hold the same with a reduced Stop Loss of 5183 nifty closing basis. But do note to book profit in shorts once nifty spot falls below 5000, so as to re-enter the shorts at a higher level later.

STOCK RECOMMENDATION

My recommendation for stock this week is EVEREADY INDUSTRIES as my multibagger pick. 

EVEREADY IND - FV 5 - CMP 68. Equity 36.34cr. The company after 2 years of net loss, has posted a 19.4cr N/P for the year 03/09, and has posted multifold jump in Q1 at 16.05cr & Q2 at 17.54cr. Expected EPS for year 03/10 is Rs 9 on a face value of 5. My target for this stock is 100/150/300 in 6/12/36  months. A definite Multibagger in 2/3 years.  Buy this stock in multiples of 200, sell 50% when  the price doubles, and keep the balance 50% for very long term.

OPTION RECOMMENDATION

My Option Recommendation for the week is SUZLON call option 85CA.

BUY* Suzlon 85CA (cmp 3.95) below 2.50 for a target of 7.

* Pl note to trade in options only out of any trading profits due to inherent risk involved in option trading.

ANNOUNCEMENT

Our paid blog Kadiyali Options Blog will cease to be a paid blog w.e.f.1.1.2010. The access to the options blog from the said date however will be restricted to our Nifty SMS Group members on complimentary basis. The existing members of the blog will be treated as members of our Nifty SMS Group upon renewal, and complementary access will be issued to them to options blog. Similarly the existing members of our Nifty SMS group will also be issued complementary access to the blog against any vacant slots on the basis of their date of joining.

With the above step, all our 3 blogs will become free (non-paid) blogs: 1)fiftypointsaday blog free without any restrictions regarding number of visitors, 2)stock portfolios blog free for the first 100 members on our invitation, and 3)kadiyali options blog free for the members of our Nifty SMS Group with complementary access issued to them on the basis of their date of joining against any vacant slots.

Those who become members of Nifty SMS Group on or before 31.12.09 are likely to be accomodated with a complementary access to options blog. For further details regarding membership of our paid service Nifty SMS Group,  email to fiftypointsaday@rediffmail.com.


  

DAILY REPORT ON NIFTY BY kadiyali - 11.12.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5166 against its previous close of 5131, and is currently trading at 5169. It has so far recorded a HIGH of 5177 & a LOW of 5161. 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 5140-5190. Nifty will trade today RANGEBOUND, and may post near flat close.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:                 7

B.   Winning Trades:           6

C.   Losing Trades:              1

D.   Points Gained:           175*

E.   Points Lost:                   8

F.   Net Gain:                     167

* includes today's gain of 53 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5110, down 21 points, after touching a low of 5081 & a high of 5188.

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NIFTY OUTLOOK

Nifty made its third  unsuccessful attempt to surpass its 2009 high of 5182 &  closed the day at 5117, down 17 points. FIIs net bought 338cr & DIIs net sold 7cr. Nifty has now completed its Triple Top at 5182, and will be bearish in the days to come, specially as USD Index has shown enough indication of breaking out of its recent range.
Nifty levels for 14.12.09 Monday are: PIVOT 5129, R1 5170 & R2 5223, S1 5076 & S2 5035.

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DAILY REPORT ON NIFTY BY kadiyali - 10.12.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5107 against its previous close of 5122, and is currently trading at 5098. It has so far recorded a HIGH of 5114 & a LOW of 5084. Asian cues are negative, US futures are just flat, and European markets may open marginally in positive today. The trading range for NF is likely to be 5050-5130. Nifty may trade today in negative for almost the entire day except for one or two attempts into positive zone, and may close the day in negative below 5100.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                 6

B.  Winning Trades:            5

C.   Losing Trades:             1

D.  Points Gained:           122*

E.   Points Lost                   8

F.   Net Gain:                    114

* includes today's gain of 7 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5128, up 6 points, after touching a low of 5084 & a high of 5153.

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Nifty Outlook

Nifty continued to trade in a small range & closed the day at 5134, up 22 points. FIIs net bought 294cr & DIIs net bought 69cr. By closing above 5100 for 7 out of the first 8 trading days of this month, the distribution seems to be over, and we will see US$ improving from the current level suddenly to bring about the much awaited correction in equities.
NIfty levels for 11.12.09 Friday are: PIVOT 5122, R1 5159 & R2 5183, S1 5097 & S2 5060.

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DAILY REPORT ON NIFTY BY kadiyali - 09.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5117 against its previous close of 5157, and is currently trading at 5138. It has so far recorded a HIGH of 5144 & a LOW of 5111. Asian cues are negative, US futures are in green, and European market cues will be slightly in positive today. The trading range for NF today is likely to be 5070-5160. Nifty will trade in negative for the first 2 hours, may get back into positive for the next 1-2 hours, and the last part of the day will see sell off at higher levels, and nifty may close the day in negative.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                  5

B.  Winning Trades:            4

C.  Losing Trades:               1

D.  Points Gained:            115

E.  Points Lost:                     8*

F.  Net Gain:                     107

* includes today's loss of 8 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5126, down 31 points, after touching a low of 5090 & a high of 5151.

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NIFTY OUTLOOK

Nifty in line with negative global cues, traded today in negative almost the entire trading session, and closed the day at 5112, down 36 points. FIIs net sold 377cr & DIIs net bought 18cr. Bulls have so far managed to get nifty a close above 5100 for 6 out of 7 trading days of December.
Nifty levels for 10.12.09 Thursday are: PIVOT 5117, R1 5143 & R2 5174, S1 5086 & S2 5060.

DAILY REPORT ON NIFTY BY kadiyali - 08.12.09 (Tuesday)

Nifty Futues 11AM Call

11AM: Nifty Futures opened today at 5057 against its previous close of 5069, and is currently trading at 5091. It has so far recorded a HIGH of 5110 & a LOW of 5057. Asian cues are negative, US futures are in green, and European markets may open little changed today. The trading range for NF today is likely to be 5040-5130.

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Trading Call

3.15PM: Nifty put 4900PE now at 43.50. BUY* for a target of 120 (as per my Weekly Report).  

* Buy any options only out of Trading profit & not out of capital, due to inherent risk involved in Options Trading.

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Market Close Report 

3.30PM: Nifty futures closed the day at 5159, up 90 points, after touching a low of 5057 & a high of 5162.

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NIFTY OUTLOOK

Nifty smartly bounced back again today to close the day above 5100 for 5 out of 6 days in the month, and closed the day at 5148, up 90 points. FIIs net bought 843cr & DIIs net sold 504cr. Nifty posted its highest close of 5148 for 2009 today, and along with 5143 recorded as a close on 16.10.09, completed its Double Top on closing basis.
NIfty levels for 09.12.09 Wednesday are: PIVOT 5120, R1 5181 & R2 5213, S1 5087 & S2 5026.

 

DAILY REPORT ON NIFTY BY kadiyali - 07.12.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5135 against its previous close of 5115, and is currently trading at 5097. It has so far recorded a HIGH of 5135 & a LOW of 5092. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF today is likely to be 5070-5140. Nifty may trade in both positive & negative alternatively  about 20-30 points above & below its previous close, and may close in positive with minor gains.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                    4

B.  Winning Trades:              4

C.  Losing Trades:                 0

D.  Points Gained:               115*

E.  Points Lost:                       0

F.  Net Gain:                        115

* includes today's gain of 15 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5060, down 55 points, after touching a low of 5051 & a high of 5135.

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NIFTY OUTLOOK

Nifty faced continuous selling pressure above 5100 today, and closed the day at 5067, down 42 points. FIIs net sold 191cr & DIIs net sold 185cr. Nifty has clearly fallen into Sell-On-Rise zone now, and may oscilate between a support of 4920 & a resistance of 5182 for a few days, before breaking down.
Nifty levels for 08.12.09 Tuesday are: PIVOT 5083, R1 5115 & R2 5163, S1 5035 & S2 5003.

WEEKLY REPORT ON NIFTY BY kadiyali - 05.12.09 (Saturday)

WEEK GONE BY

Nifty recovered smartly from its previous week close of 4941 to close the week at 5109, up 168 points. The opening level of 4942 of Monday was the low of  the week, and the high of the week of 5181 was recorded on Thursday. Nifty having resecured the 5100 level on Tuesday, managed to post a close above 5100 for the last 4 out of 5 trading days of the week with a close of 5122, 5123, 5131 & 5109.

WEEK AHEAD

Nifty having failed to surpass its previous high of the year of 5182 in its three attempts last week, is all set to surpass this level during the ensuing week  on intraday basis. However nifty will not get a close above 5182 and will post a negative close for the week below 5100. The trading range for the week will be 5010-5190.

STRATEGY FOR THE WEEK

1. If you are long, book out of your longs whenever you see a level of 5180, and buy 4900PE below 45 only out of your trading profits.

2. If you are short, hold on to your shorts with SL at 5210 nifty spot closing basis.

STOCK RECOMMENDATIONS

My Stock Recommendation for the week is PASUPATHI ACRYLON. FV 10. CMP 7.60. Due to continuous rise in prices of its end product of acrylic yarn by more than 25%, the company has been able to post jump in its quarterly results.  With a N/P of 18cr in Q1 and 12cr in Q2, the company is all set to post a 50cr+ net profit for 03/10 against a capital of 71cr. Target for this stock is 15 by 31.5.2010.

OPTION RECOMMENDATIONS

Watch the premium of Nifty put 4900PE (cmp 55). BUY Nifty put 4900PE  below 45 for a target of 120.

Pl note to buy any options only out of your trading profits & not out of capital due to inherent risk involved in option trading.

ANNOUNCEMENT

Kadiyali Options Blog will cease to be a paid blog w.e.f.1.1.2010. The access to the options blog from the said date however will be restricted to our Nifty SMS Group members on complimentary basis. The existing members of the blog will be treated as members of our Nifty SMS Group upon renewal, and complementary access will be issued to them to options blog. Similarly the existing members of our Nifty SMS group will also be issued complementary access to the blog against any vacant slots on the basis of their date of joining.

With the above step, all our 3 blogs will become free (non-paid) blogs: 1)fiftypointsaday blog free without any restrictions regarding number of visitors, 2)stock portfolios blog free for the first 100 members on our invitation, and 3)kadiyali options blog free for the members of our Nifty SMS Group with complementary access issued to them on the basis of their date of joining against any vacant slots.

Those who become members of Nifty SMS Group on or before 31.12.09 are likely to be accomodated with a complementary access to options blog. For further details, email to fiftypointsaday@rediffmail.com.

DAILY REPORT ON NIFTY BY kadiyali - 04.12.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5090 against its previous close of 5132, and is currently trading at 5122. It has so far recorded a HIGH of 5138 & a LOW of 5085. Asian cues are negative, US futurs are just flat, and European markets may open slightly in negative today. The trading range for NF today is 5060-5150. Nifty may trade in negative for the first two hours, fall into positive for the next two hours, and may get into negative again towards the end, and close the day in negative.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                    3

B. Winning Trades:               3

C. Losing Trades:                  0

D. Points Gained:                100*

E. Points Lost:                       0

F. Net Gain:                         100

* includes today's gain of 48 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5130, down just 2 points, after touching a low of 5078 & a high of 5169.

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NIFTY OUTLOOK

Nifty made one more attempt today to surpass its resistance of 5182 & failed, closing the day at 5109, down 22 points. FIIs net bought 198cr & DIIs net sold 57cr. Nifty has been consolidating above 5100 for the last 4 days with a close of 5122, 5123, 5131 & 5109 to enter into a crucial week.
Nifty levels for 07.12.09 Monday are: PIVOT 5117, R1 5153 & R2 5197, S1 5073 & S2 5037.

DAILY REPORT ON NIFTY BY kadiyali - 03.12.09 (Thursday)

Nifty Futures 11AM Call

Nifty Futures opened today at 5140 against its previous close of 5119, and is currently trading at 5163. It has so far recorded a HIGH of 5164 & a LOW of 5133. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF is likely to be 5120-5190. Nifty may give up its gains towards the end, and close the day just flat.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                      2

B. Winning Trades:                 2

C. Losing Trades:                    0

D. Points Gained:                   52*

E. Points Lost:                         0

F. Net Gain:                            52

*includes today's gain of 42 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5122, up just 3 points, after touching a low of 5115 & a high of 5191.

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NIFTY OUTLOOK

Nifty made a perfect Double Top today touching its 2009 high of 5181, and then sliding down to close the day at 5131, up just 8 points. FIIs net bought 334cr & DIIs net sold 200cr. Nifty will now proceed towards its downward target of 4800/4600.
Nifty levels for 04.12.09 Friday are: PIVOT 5140, R1 5173 & R2 5214, S1 5098 & S2 5065.

DAILY REPORT ON NIFTY BY kadiyali - 02.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5147 against its previous close of 5132, and is currently trading at 5129. It has so far recorded a HIGH of 5154 & a LOW of 5120. Asian cues are positive, US futures are just flat, and European markets may open in slightly negative today. The trading range for NF is likely to be 5070-5160.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                  1

B. Winning Trades:              1

C. Losing Trades:                0

D. Points Gained:                10

E. Points Lost:                      0

F. Net Gain:                          10

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Market Close Report

3.30PM: Nifty futures closed the day at 5116, down 16 points, after touching a low of 5103 & a high of 5154.

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NIFTY OUTLOOK

After rising by more than 200 points in 3 days, nifty consolidated the gains today, and closed the day at 5123, up just 1 point. FIIs net bought 885cr & DIIs net sold 213cr. Nifty is now making its final bid to break its tough resistance of 5182.
Nifty levels for 03.12.09 Thursday are: PIVOT 5097, R1 5155 & R2 5188, S1 5064 & S2 5005.

DAILY REPORT ON NIFTY BY kadiyali - 01.12.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5046 against its previous close of 5029, and is currently trading at 5072. It has so far recorded a HIGH of 5078 & a LOW of 5046. Asian cues are positive, US futures are in green, and European markets may open just flat today. The trading range for NF today is likely to be 5030-5090.

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Market Close Report

3.30PM: Nifty futures closed the day at 5130, up 101 points, after touching a low of 5046 & a high of 5139.