Thursday, April 15, 2010

DAILY REPORT ON NIFTY BY kadiyali - 15.04.10 (Thursday)

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).

15.04.10: Long in Suzlon (futures) @ 73.90. Target 81.

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Intraday Nifty Trade

9.22AM: Bought nifty at 5361. SL 5349.

11.31AM: SL trigerred at 5349. Loss 12 points.

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Stock Futures Trade

9.57AM: Bought Suzlon (futures) @ 73.90. Target 81.

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Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5372 against its previous close of 5329, and is currently trading at 5356. It has so far recorded a HIGH of 5377 & a LOW of 5352. Asian cues are positive, US futures are just flat, and European markets may open in positive today. The trading range for NF today is likely to be 5350-5410.

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Nifty SMS Trade

11.54AM: Bought nifty at 5353. Target 5390. SL 5339.

12.48PM: SL hit at 5339. Loss 14 points.

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Amrutanjan comes under selling pressure!

2.35PM: Amrutanjan, which hit a new high of 1350 last week, has come under selling pressure, and is now trading at 873. Those who missed the bus earlier, may buy small quantity, and keep adding further below the initial buy price.

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Market Close Report

3.30PM: Nifty futures closed the day at 5275, down 54 points, after touching a low of 5268 & a high of 5377.

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