Thursday, April 1, 2010

DAILY REPORT ON NIFTY BY kadiyali - 01.04.2010 (Thursday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5286 against its previous close of 5261, and is currently trading at 5289. It has so far recorded a HIGH of 5294 & a LOW of 5276. 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 5276-5330.

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Intraday Nifty Trade

11.08AM: BUY nifty now at 5281. Target 5320. SL 5270.

2.45PM: Target almost reached at 5319.75. Gain 38 points.

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Positional Trades

31.03.10: Long in Colgate (futures) @ 679. Target 720.

31.03.10: Long in Gitanjali Gems (cash) @ 118. Target 140.

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Today's SMS Call

12.35PM: BUY nifty now at 5287. Target 5320. SL 5270.

2.45PM: Target almost reached at 5319.75. Gain 32 points.

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Bank Nifty Trade

1.24PM: BUY Bank Nifty now at 9505. Target 9560. SL 9474.

3.15PM: Bank nifty now at 9543, after touching a high of 9549. Book profit with 38 points gain.

3.30PM: Bank nifty closes the day almost at its day's high at 9550, after touching a high of 9551.

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Nifty Update

2.40PM: Nifty futures after touching a new high of 5308, is trading at 5300, almost 18 points premium to the spot price. Longs may be held on till a target of 5320NF, as spot nifty is likely to close the day above 5300 today.

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Market Close Report

3.30PM: Nifty futures closed the day at 5304, up 43 points, after touching a low of 5276 & a high of 5319.

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