Monday, April 12, 2010

DAILY REPORT ON NIFTY BY kadiyali - 12.04.10 (Monday)

Postional Trades

31.03.10: Long in Colgate (futures) @ 679. Target 720. (Booked Profit on 12th @ 724).

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).

=============================================

Colgate (Futures) achieves my Target

10AM: Booked out of Colgate (futures) at 724, as my target of 720 is achieved today.

=============================================

Balaji Telefilms at Upper Circuit!!!

10.20AM: After the runaway success of my multibagger pick Amrutanjan, one more pick BALAJI TELEFILMS is locked in Upper Circuit today at 63.45, up 20% from previous close!!!

=============================================

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5363 against its previous close of 5364, and is currently trading at 5346. It has so far recorded a HIGH of 5377 & a LOW of 5322. 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 5290-5390.

=============================================

Recommended Intraday Nifty Trade

10.45AM: Nifty futures is now trading at 5344. Global cues being positive favours a LONG trade. But nifty has seen heavy selling above 5350 since morning, falling into discount due to selling. Hence it is better to stay sidelines, and to take one of the following 2 trades:

EITHER go LONG around 5325 with SL at 5315, OR go SHORT well above 5350 with SL at 5381.

=============================================

No SMS Trade Today

3.15PM: Nifty traded rangebound today, with neither the morning low of 5322 nor the morning high of 5377 getting breached, and is now at 5341NF. Hence no sms trade was possible today.

=============================================

Market Close Report

3.30PM: Nifty futures closed the day at 5349, down 15 points, after touchig a low of 5322 & a high of 5377, with a rangebound trade.

=============================================



No comments:

Post a Comment