Positional Trades
31.03.10: Long in Colgate (futures) @ 679. Target 720.
31.03.10: Long in Gitanjali Gems (cash) @ 118. Target 140.
05.04.10: Short in nifty futures at 5368.
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Nifty Futures 12Noon Call
12Noon: Nifty Futures opened today at 5380 against its previous close of 5367, and is currently trading at 5389. It has so far recorded a HIGH of 5390 & a LOW of 5372. Asian cues are positive, US futures are in red, and European markets may open little changed today. The trading range for NF today is likely to be 5350-5400.
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Nifty SMS Trade
12.14PM: SELL nifty now at 5397. Target 5360/5350. SL 5411.
12.33PM: NF now at 5384. Move SL to 5399.
1.05PM: Booked out of nifty trade at 5357. Gain 40 points.
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Colgate Flares Up
1.20PM: Colgate has recovered well above 700, posted a high of 714 today, and is trading at 708 now on way to my Target of 720.
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Portfolio Trades
Bought 50 Reliance Capital @ 790 under Normal Portfolio.
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Market Close Report
3.30PM: Nifty futures closed the day at 5381, up 14 points, after touching a low of 5343 & a high of 5398.
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NIFTY OUTLOOK
Nifty continued to post new intraday high but faced sell off at higher level, and closed the day at 5374, up 8 points. FIIs net bought 339cr & DIIs net sold 23cr. Nifty may retreat a bit before going past 5400.
Nifty levels for 08.04.10 Thursday are: PIVOT 5373, R1 5401 & R2 5428, S1 5347 & S2 5318.
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