DAILY REPORT ON NIFTY BY kadiyali - 08.09.09 (Tuesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4820 against its previous close of 4795, and is currently trading at 4817. It has so far recorded a HIGH of 4827 & a LOW of 4790. Asian cues are positive, US futures continue to be in green since yesterday, and European markets may slip back today after yesterday's robust gain. Nifty will trade today in positive only for the first half of the day, losing all the gains of today as well as part of yesterday's gains in the second half, and will close in negative. Trading range for NF is likely to be 4710-4840, with 90% of possibility of current high of 4827 remaining high of the day.

Trading Calls

11.29AM...Reliance Communications, recommended for short term trading last month @ 258 with a target of 290, and then target revised to 330. RCom now at 310+. Book Profit in full without waiting for the revised target of 330.

11.31AM...Oriental Bank of Commerce, recommended last week for short term trading @ 181 with a target of 210. Target achieved today. Book profit in full.

11.33AM...NOCIL, recommended for short term trading last week @ 28 with a target of 35, now trading at 30.90. Book Profit in full.

12.30PM...Stragegy given in Weekly Report to accumulate 4400PE below 20, gets modified now to ACCUMULATE 4500PE BELOW 25.

12.43pm...NF now at 4832. Go SHORT.  SL 4861. Target 1 - 4782. Target 2 - 4759.

2.20PM...NF now at 4806. Change the SL to SELL rate + Brokerage, so that there is no loss in the above trade of going SHORT at 4832.

3.15PM...NF after touching a low of 4785, is now 4815. Target revised to 4799, as only 15 minutes trade is left now.

3.28PM...NF now at 4805. Book Profit for the day.

Market Closing Report

Nifty futures closed the day at 4802, up just 6 points, after touching a high of 4855 & a low of 4785.

NIFTY OUTLOOK

Nifty traded for major part of the day above 4800, and closed the day above 4800, at 4805, up 22 points. FIIs net bought 991cr & DIIs net bought 206cr. Having risen smartly by more than 200 points in last three days, Nifty is now likely to slip back on large scale profit taking.
Nifty levels for 09.09.09 Wednesday are: PIVOT 4810, R1 4837 & R2 4870, S1 4778 & S2 4750.

DAILY REPORT ON NIFTY BY kadiyali - 07.09.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4720 against its previous close of 4694, and is currently trading at 4739. It has so far recorded a HIGH of 4745 & a LOW of 4694. Asian cues are positive, US futures are in green, and European markets may open in positive today. Nifty will trade today in positive all through the day, and will end the day in positive above 4700. Trading range for NF today is likely to be 4680-4760.

Trading Call

1.59PM...NF now at 4756. Go SHORT.  SL 4781.  Target 4706.

2.48PM...NF now at 4782. SL of the above trade trigerred. Sorry.

Market Closing Report

Nifty futures closed the day 4804, up 109 points, after touching a high of 4805. Morning low of 4694 reamained the low of the day.

NIFTY OUTLOOK

Nifty had a bullish trade today, scaling to a 15-month high, and closed the day at day's high at 4783, up 103 points. FIIs net BOUGHT 1060cr & DIIs net bought 150cr. Having broken its strong resistance of 4750 which on 2 earlier occasions it failed to break, Nifty's journey to scale 5000 has become easy now. However a day or two of large scale profit booking is not ruled out.
Nifty levels for 08.09.09 Tuesday are: PIVOT 4750, R1 4822 & R2 4861, S1 4711 & S2 4640.

WEEKLY REPORT ON NIFTY BY kadiyali - 05.09.09 (Saturday)

WEEK GONE BY

As indicated in my last Weekly Report, Nifty gave up a part of the gains of its previous week, fell below 4600 level, before bouncing back, on the last day of the week aided by short covering, to almost  4700 level. It closed the week with a negative close at 4680, down 52 points. The high of the week of 4735 was recorded on Tuesday, and the low of the week of 4576 was touched on Wednesday. The continuous bear pressure for all the 5 trading days of the week could not breach 4580, which proved as a crucial support.

WEEK AHEAD

Having failed to break its tough resistance level of 4750 for the last 2 occasions, Nifty will make one more attempt next week to break this level. Though fundamental factors support this breach, the continuous sell off by FIIs is a big concern in tune with global perception of September month being the worst month of any year for stock market. Nifty is likely to trade next week in a range of  4540-4750, before closing the week in NEGATIVE with a loss of another 50 points.

STRATEGY FOR THE WEEK

1. If you are long, reverse the longs into shorts when nifty approaches 4750.

2. If you are short, hold the short till 4550.

3. Accumulate nifty puts 4400PE during every dip below 20.

STOCK RECOMMENDATION

Nifty level of 5000 is a near term certainty now, and if not in this expiry, we will see the Muhurat Trading this Deepavali with crackers amid nifty 5000 levels. So stay invested in mid cap stocks of your choice, and add to your portfolio further midcaps in every dip of nifty below 4400 till it reaches 5000. Fall below 4350 will not come unless & until nifty goes past 5000 level.

BUY SUNTV (cmp 272) & accumulate on every dip for long term. Target 500 by 31.03.2010.

OPTION RECOMMENDATION

Watch the premium of Nifty puts 4600PE (cmp 91). BUY the same below 60 for a target of 150.

ANNOUNCEMENT

Fiftypointsaday announces starting  of PAID SMS GROUP for Nifty Futures Trading Calls very shortly. It will be a paid service with an one time membership fee & monthly subscription fee. Under this service, NF Trading Calls will be sent to members by SMS on days when our team spots opportunity to gain FIFTYPOINTSADAY. Those who are interested may contact by email to fiftypointsaday@rediffmail.com. Early Bird Discount is available for first 50 members.

Members of Kadiyali Options Blog will be taken as automatic members of this SMS GROUP with a waiver of membership fee for them, and they will also get free calls for the period already informed to them. So they need not contact again for membership of SMS GROUP.

DAILY REPORT ON NIFTY BY kadiyali - 04.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4601 against its previous close of 4587, and is currently trading at 4598. It has so far recorded a HIGH of 4617 & a LOW of 4587. Asian cues are mixed, US futures are slightly in red, and European markets may open today in positive ending their 4 day losing run. Nifty will trade today RANGEBOUND within a maximum range of 60 points, and will close the day in positive with a small gain of 20-30 points. Trading range for NF today is likely to be 4580-4650.

Trading Call

12.10PM...NF now at 4585. Go LONG. SL 4554. Target 4635.

12.42PM...NF now at 4619. Change SL to BUY rate + Brokerage, so that there is no loss in the above trade of going LONG at 4585.

1.01PM...NF now at 4637. Target of my 12.10PM call to go LONG at 4585 is achieved.

Market Closing Report

Nifty futures closed the day at 4692, up 105 points, after touching a high of 4712 & a low 4583.

NIFTY OUTLOOK

Aided by short covering, Nifty today rebounded smartly by more than 100 points from its day's low, snapped its 4 days' losing streak, and closed the day at 4680, up 87 points. FIIs net sold 400cr & DIIs net sold 5cr. FIIs have been net sellers for all the first 5 trading days of this Expiry, which fact may continue to add to the weakness of nifty in the days to come.
Nifty levels for 07.09.09 Monday are: PIVOT 4653, R1 4725 & R2 4769, S1 4608 & S2 4536.

 

DAILY REPORT ON NIFTY BY kadiyali - 03.09.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4639 against its previous close of 4614, and is currently trading at 4610. It has so far recorded a HIGH of 4645 & a LOW of 4588. Asian cues are generally positive, US futures are mildly in green, and European markets may open in negative today due to cautious approach ahead of ECB's decision on interest rates. Nifty will trade with volatility but within a small range both in positive & negative alternatively for a major part of the day, before decisively going into positive, and will close the day in positive. Trading range for NF today is likely to be 4570-4670.

Trading Calls

11.35AM...Reliance Communication recommended for Short Term Trading at 258 two weeks back with a target of 290 (Target revised to 330 two days back). First target of 290 is achieved today. Now wait for the revised target of 330.

12.48PM...NF now at 4628. Go LONG. SL 4594. Target 4678.

2.35pm...NF now at 4634. Square off the above trade & be in the sidelines.

Market Closing Report

Nifty futures closed the day at 4580, down 34 points, after touching a high of 4649 & a low of 4575.

NIFTY OUTLOOK

Nifty extended its daily negative closing to fourth straight day, and closed the day at 4593, down 15 points. FIIs net sold 72cr & DIIs net bought 382cr. After touching 2009 high of 4743 intraday on 28th, nifty has been slowly losing ground in the absence of any positive trigger, and seems to have fallen into a SELL ON RISE zone & will remain so until 4750 is taken out convincingly. Utilise any uptrend day to reverse longs into shorts for a near term downward target of 4390.
Nifty levels for 04.09.09 Friday are: PIVOT 4607, R1 4634 & R2 4674, S1 4567 & S2 4541.

 

DAILY REPORT ON NIFTY BY kadiyali - 02.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4585 against its previous close of 4623, and is currently trading at 4614. Asian cues are negative, US futures are in slightly green after yesterday's massive loss in Wall Street, and European markets may open today in negative. Nifty will have a volatile trade throughout the day today, trading mostly in negative for major part of the day, but will recover from day's low very smartly towards the end to post a positive close. Trading range for NF today is likely to be 4550-4670.

Trading Calls

11.59AM...NF now at 4659. Go SHORT. SL 4685. Target - 4609. 

12.41PM...NF now at 4624. Change the SL to Sell Price + Brokerage, so that there is no loss in the above trade.

2.34PM...NF now at 4628. Exit Short & Book Profit for the day.

3.25PM...BUY NOCIL now at 28 for a Short Term Target of 35.

Market Closing Report

Nifty futures closed the day at 4618, down just 5 points, after touching a high of 4660. The morning low of 4571 remained the low of the day.

NIFTY OUTLOOK

Nifty opened today with a negative gap but very soon filled the entire gap & came into positive zone, only to fall back into negative towards the end, and closed the day at 4608, down 17 points. FIIs net sold 688cr & DIIs net bought 74cr. The last two days' trade indicates that the market treats 4750 a very tough resistance to break, which may put nifty back into Sell On Rise story.
Nifty levels for 03.09.09 Thursday are: PIVOT 4612, R1 4647 & R2 4686, S1 4573 & S2 4538. 

DAILY REPORT ON NIFTY BY kadiyali - 01.09.09 (Tuesday)

Nifty Futures 11AM Call

Nifty Futures opened today at 4691 against its previous close of 4673, and is currently trading at 4735. It has so far recorded a HIGH of 4737 & a LOW of 4689. Asian cues are positive, US futures are in green, but European markets may open in negative today tracking the profit taking session of Wall Street yesterday. Nifty will trade the first half of the session today in positive posting handsome gains, but will start losing the gains in the second half, may even slip into negative temporarily, before closing the day NEAR FLAT. Trading range for NF today is likely to be 4660-4750.

Trading Call

2.55PM...Short Term Trading Call: BUY Oriental Bank of Commerce (OBC) now at 181 for a Short Term Target of 210.

Market Closing Report

3.30PM...Nifty futures closed the day at 4615, down 58 points, after touching a high of 4746 & a low of 4596.

NIFTY OUTLOOK

Nifty opened today in positive & posted handsome gains in the first half of the session but lost all the gains in the second half to close the day in negative at 4625, down 37 points. FIIs net sold 636cr & DIIs net bought 367cr. As indicated in my Nifty Outlook for the last 2 days, nifty today completed the expected retracement to the level of 4600, and will now aim at getting a close above its current congestion zone of 4700-4750.
Nifty levels for 02.09.09 Wednesday are: PIVOT 4564, R1 4707 & R2 4789, S1 4572 & S2 4519.