Monday, April 5, 2010

DAILY RERORT ON NIFTY BY kadiyali - 05.04.10 (Monday)

Nifty Futures 12 Noon Call

12Noon: Nifty Futures opened today at 5329 against its previous close of 5306, and is currently trading at 5337. It has so far recorded a HIGH of 5343 & 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 5320-5360.

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Recommended Nifty Trade

12.25PM: NF now is at 5333. One can either 1) go LONG if NF falls below 5328 for a target of 5355 with SL at 5315, OR 2) go SHORT around 5360 for an overnight carry.

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Intraday Nifty Trade

1.04PM: SELL nifty now at 5334. Strict SL 5346. Target 5290.

3.15PM: SL hit at 5346. Loss 12 points.

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Amrutanjan continues to rock!!!

3.17PM: Amrutanjan posts one more new high, locked in Upper Circuit at 1227!!! The share, recommended at 450 in Oct, is on its way to TREBLE in 6 months!!!

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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.

3.24PM (05.04.10): Sold nifty at 5368 - positional.

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Market Close Report

3.30PM: Nifty futures closed the day at 5365, up 59 points, after touching a low of 5322 & a high of 5371.

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