DAILY TRADING REPORT - 31.05.10 (Monday)

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. (Booked Loss on 26th @ 4921).

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

04.05.10: Long in nifty futures at 5139. (Booked Loss on 26th @ 4921).

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Option Trades

04.05.10: Bought nifty 5300CE at 66.

04.05.10: Bought nifty 5300CE at 49.

20.05.10: Bought ONGC 1150CA at 8.90.

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Nifty Futures 10AM Call

10AM: Nifty Futures opened today at 5035 against its previous close of 5041, and is currently trading at 5042. It has so far recorded a HIGH of 5055 & a LOW of 5031. Asian cues are slightly positive, US futures are in green, and European markets may open in negative today. The trading range for NF today is likely to be 4980-5060.

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Intraday Nifty Trade

10.28AM: Sold nifty at 5051. SL 5061.

10.58AM: SL hit at 5061. Loss 10 points.

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