WEEKLY REPORT ON NIFTY BY kadiyali - 30.01.10 (Saturday)

WEEK GONE BY

Nifty continued its negative close for the second week, and closed the week at 4882, down 154 points. The trading range for the week was 4766-5035, with the high of 5035 touching at opening minutes on Monday, and the low of 4766 touching on Friday. FIIs have been net sellers for all the 5 trading days of the week, and this contributed to the continued slide of nifty.

WEEK AHEAD

Nifty will continue its downward bias for the week ahead, and close the week with a negative close.  The trading range is likely to be 4680-4910.

STOCK RECOMMENDATION

Since stock prices are likely to slide in the days to come, I dont recommend any stock for this week. However, the prices of my Multibagger Picks listed in my last weekly report may be watched, and partial buying may be done below the rates mentioned in the report.

OPTION RECOMMENDATION

No option picks for this week, as the options premium are high during the first week.

NIFTY SMS GROUP TRADES - JAN 10

                                                29/01/10         22/01/10

A. Total Trades:                        15                    11  

B. Winning Trades:                  11                      9  

C. Losing Trades:                         4                     2  

D. Points Gained:                     283                193  

E. Points Lost:                              57                  28  

F. Net Gain:                                 226               165