DAILY REPORT ON NIFTY BY kadiyali - 13.04.10 (Tuesday)

Positional 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).

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Bought Back Amrutanjan - Portfolio Trades

12.04.10: Bought 300 Arvind @ 34.80.

13.04.10: Bought 25 Amrutanjan @ 980.

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Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5328 against its previous close of 5343, and is currently trading at 5311. It has so far recorded a HIGH of 5334 & a LOW of 5308. 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 5280-5334.

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Recommended Intraday Nifty Trade

10.45AM: NF is trading now at 5315 with a 5 points premium to the spot. The recommended intraday nifty trade today is to go SHORT around 5324, with SL at 5341 for a target of 5290.

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Intraday Nifty Trade

11.03AM: Sold nifty at 5328. SL 5342.

3.29PM: Booked out at 5329. Loss 1 point.

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SMS Trade

2.06PM: Sold nifty at 5324. Target 5290. SL 5339.

3.29PM: Booked out at 5329. Loss 5 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5330, down 13 points, after touching a low of 5308 & a high of 5339, in a rangebound trade.

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