10.30AM: Nifty Futures opened today at 6139 against its previous close of 6122, and is currently trading at 6101. It has so far recorded a HIGH of 6144 & a LOW of 6083. Asian cues are mixed, US futures are in red, and European markets may open little changed today. The trading range of NF today is likely to be 6040-6150. Nifty will trade in green & red alternatively during the first half of the day, and will decisively fall into red in the second half, to close the day in red.
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Nifty SMS Trade
12.21PM: Sold nifty at 6125. Target 6060/6050. SL 6155.
1.50PM: SL hit at 6155. Loss 30 points.
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Will Nifty record a New Life Time High in the current Rally?
12.30PM: Will Nifty record a New Life Time High in the current rally OR will it form a Double Top around its previous Life Time High, and fall into a long term bear phase with deep correction? This is the question in every body's mind.
My Answer: Nifty is already in its lower side of a LONG TERM BULL PHASE which has just begun. No question of deep correction. We will only see periodic healthy correction caused by profit taking. All such corrections will be bought into with higher liquidity. What we are seeing right now is normal profit booking by current short term players coupled with those investors who so far were dormant and like to book profit in their counters which so far were in red.
Dont part with any of your investment stocks. Do keep on adding under valued shares. Pl tune in to this blog for knowing which are the under valued shares.
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Short Term Trading Call
1.50PM: BUY SUN TV, FV 5, CMP 511, for a short term target of 600 in 30 days.
First Report of their Block Buster Robot/Ethiran is encouraging. Budget RS 200 crore,including Rs 45 crore to Rajinikanth, Rs 50 crore on promotion and Rs 6 crore to Aishwarya Total revenue in first two weeks Rs 300 crore, including Rs 88 crore from Tamil theatrical, Rs 50 crore from overseas rights, Rs 23 crore from Hindi rights, Rs 27 crore from Telugu rights, Rs 25 crore from satellite rights, Rs 17 crore from home video, Rs 10 crore from audio rights Total number of prints 2,250 across 3,000 screens.
Once the results of the above movie gets added to their Balance Sheet by way of Q3 results, Sun TV will get into 4-digit mark in Jan 2011.
Those investors who have failed to buy SUN TV as a potential mulitbagger earlier, will have a last chance to add on to their portfolio at 511 now.
Dont miss the bus.
My target for Sun TV is 600 in less than 30 days, and 1000 in 6 months.
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Market Close Report
3.30PM: Nifty futures closed the day at 6025, down 97 points, after touching a low of 6024 & a high of 6166.
Thats great !! Gitanjali rocked today...made a new high !!
ReplyDeletemy query is cud i add few periodically as my average wud still b much lower compared to cmp...as my average buy price is 115.
i wish to add...pasupathi, nitesh and subex...may b IFB too...which is d best among the 4 and cud they b added at cmp ???
I guess ARVIND has already given a break out...or cud it b still bought at cmp ?? As nd when my funds allow !!
ReplyDeleteNeelima,
ReplyDeleteShree Ashtavinayaka more than trebled in six months! Garden more than doubled in 6 months! Amrutanjan more than trebled in 6 months! Gitanjali more than doubled in 6 months!
Now look for those of my picks which are still lying at the recommended price.
I would suggest you to go in for Balaji Tele (53), Eveready (68), Moser Bear (69), Nitesh (43), Subex (67), instead of adding to what you have already bought.
Balaji and Eveready I already have. Ashthavinayak as I told u booked profits on 50 % of my holdings at 25.5 levels nd regretting now :(
ReplyDeleteI guess I wud go for Nitesh as of now.
Though Pasupathi tempting me...cud i enter it at cmp ??
Pasupathi down today after almost 15 % gains yesterday...cud i buy some at cmp ?? Like 200 @ cmp ??
ReplyDeleteNeelima,
ReplyDeleteAdd Nitesh at cmp, and add further if it falls below 40. Q2 results of Nitesh will be glittering due to many of their projects in Bangalore have started picking up.
My target for Nitesh is 200 in just 18 months.
Bought 100 Nitesh @ cmp ?? Thx
ReplyDeleteDear sir,
ReplyDeleteSaw your call bit late and taken NIFTY short at 6117.5..
Thanks,
Ramesh.
Hi All,
ReplyDeleteI had recommended SUN TV as a multibagger at 327 on 28.09.09. Today it is at 511.
It is now a last chance to investors to add this stock into their portfolio at a reasonable rate. Once the results of Robot gets published, we will see Sun TV well beyond 600.
Great Nifty Predictions Kadiyali, Keep it up.
ReplyDeletewhat is your prediction on IFB? Shall we switch over to Sun TV instead?
ReplyDeletehi kadiyaliji,
ReplyDeleteI have bought Temptation food based on your profile recently at 37. Do you suggest to hold or shift to any other recently?
Please advice.
Regards,
Nitin
y this huge downfall.....its getting a bit scary now
ReplyDeleteKadiyali:
ReplyDeleteWhats your call on Unitech as well as United Phosphorous for a short term call?
bb,
ReplyDeleteUnitech is under my radar, but UP not being tracked. You can expect a BUY call on Unitech very shortly.
Do include both IFB & SUN TV into your long term portfolio. IFB being a FV 10 share has lot of potentials in the long term. Sun TV is just an under valued share, which is still a "Value Buy".
Nitin, Temptation Food is a High Risk High Returns stock. Hold if you can.
ReplyDeleteneelima,
ReplyDeleteNifty falling decisively into red & closing the day in red was predicted by me in my morning nifty view. It is unfortunate, NF is heading towards the target of my NF short trade after just hitting the stop loss.
true.....u cud have gained handsomly today
ReplyDelete