Thursday, April 8, 2010

DAILY REPORT ON NIFTY BY kadiyali - 08.04.10 (Thursday)

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. (Booked Profit on 8th @ 5316).

---------------------------------------------------------------------

Intraday Nifty Trade

10.18AM: Sold nifty at 5362. SL 5381.

11.38AM: Booked out at 5351. Gain 11 points

---------------------------------------------------------------------

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5368 against its previous close of 5378, and is currently trading at 5361. It has so far recorded a HIGH of 5270 & a LOW of 5348. 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 5320-5370/80.

---------------------------------------------------------------------

Recommended Intraday Trade

11.30AM: NF now at 5357, almost 8 points premium to spot. The recommended intraday nifty trade is just to wait for a level above 5362/65, and go SHORT with SL at 5376. Target 5330/5320.

---------------------------------------------------------------------

Nifty SMS Trade

12.20PM: SMS Server is down, and hence can not send sms today. Wait for the call here.

12.28PM: SELL nifty now at 5353. Target 5330/5320. SL 5371.

1.46PM: Booked out at 5327. Gain 26 points.

---------------------------------------------------------------------

Positional Nifty Short Booked Out

2.18PM: Booked out of Nifty positional short ( taken at 5368 on 5th April) at 5316. Gain 52 points.

---------------------------------------------------------------------

Market Close Report

3.30PM: Nifty futures closed the day at 5293, down 85 points, after touching a low of 5290 & a high of 5370.

---------------------------------------------------------------------

No comments:

Post a Comment