DAILY TRADING REPORT - 04.05.10 (Tuesday)

Positional Trades

31.03.10: Long in Gitanjali Gems (cash) @ 118. Target 140.

15.04.10: Long in Suzlon (futures) @ 73.90. Target 81. (Rolled over to May series on 26th @ 71.30).

04.05.10: Long in nifty futures at 5228.

04.05.10: Long in Suzlon (futures) @ 68.30. Target 75.

04.05.10: Long in nifty futures at 5139.

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Options Trades

04.05.10: Bought nifty 5300CE at 66.

04.05.10: Bought nifty 5300CE at 49.

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Nifty Trades - May 2010

1. Total Trades: 1

2. Winning Trades: 1

3. Losing Trades: 0

4. Points Gained: 35

5. Points Lost: 0

6. Net Gain: 35

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Nifty Intraday Trade

9.03AM: Bought nifty at 5228. Positional.

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Bought nifty 5300CE

9.15AM: Bought nifty 5300CE at 66.

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Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5224 against its previous close of 5218, and is currently trading at 5227. It has so far recorded a HIGH of 5235 & a LOW of 5216. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF today is likely to be 5210-5290.

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Converting morning trade into positional

1.05PM: Continuing morning intraday trade as Positional. LONG in nifty at 5228.

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Bought nifty 5300CE again

2.18PM: Bought nifty 5300CE further again at 49.

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Averaged Suzlon Futures

2.50PM: Bought one more lot of Suzlon futures at 68.30 to average the earlier trade. Target for this trade is 75.

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Bought nifty futures again Positinal.

2.57PM: Bought nifty futures at 5139. Positional.

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Market Close Report

3.30PM: Nifty futures closed the day at 5130, down 88 points, after touching a low of 5128 & a high of 5238.

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