Friday, April 9, 2010

DAILY REPORT ON NIFTY BY kadiyali - 09.04.10 (Friday)

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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.

05.04.10: Short in nifty futures at 5368. (Booked Profit on 8th @ 5316).

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Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5307 against its previous close of 5301, and is currently trading at 5340. It has so far recorded a HIGH of 5352 & a LOW of 5307. Asian cues are firm, US futures are just flat, and European markets may open in positive today. The trading range for NF today is likely to be 5307-5380.

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Recommended Nifty Intraday Trade

10.31AM: Nifty now trading at 5339. Wait for NF to fall  below 5335/32, and go LONG with SL at 5306. Target 5370.

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Intraday Nifty Trade (Aggressive)

11.12AM: Sold nifty at 5366. SL 5381(Optionally Positional).

12.50PM: SL hit at 5281. Loss 19 points.

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No SMS Trade Today

3.00PM: No sms trade was possible today, as NF climbed to day's high rather very fast, leaving no scope for a sms trade.

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Market Close Report

3.30PM: Nifty futures closed the day at 5367, up 66 points, after touching a low of 5307 & a high of 5388.

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