Tuesday, May 25, 2010

DAILY TRADING REPORT - 25.05.10 (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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Intraday Nifty Trade 1

10.29AM: Bought nifty at 4850. SL 4839. TGT 4865.

11.01am: SL hit at 4839. Loss 11 points.

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Nifty Futures 10.30am Call

10.30AM: Nifty Futures opened today at 4862 against its previous close of 4931, and is currently trading at 4850. It has so far recorded a HIGH of 4875 & a LOW of 4845. Asian cues are negative, US futures are in deep red, and European markets may open in negative today. The trading range for NF today is likely to be 4810-4890.

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Roll Over of Nifty Longs

10.55am: Will be booking out of nifty longs around 4865-4870 today morning, and will go long again in June futures if I see a level below 4800 either today or tomorrow.

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