DAILY REPORT ON NIFTY BY kadiyali - 16.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4929 against its previous close of 4899, and is currently trading at 4921. It has so far recorded a HIGH of 4954 & a LOW of 4917. Asian cues are positive, US futues are in green, and European markets too may open in positive tracking US & Asian gains. Nifty will trade in positive well above 4900 for major part of the day, but may end the day below 4900. Trading range for NF is likely to be 4860-4970.

Trading Calls

11.20AM...Intraday Call given yesterday at 12.30PM to GO SHORT at 4895 with Targets of 4845 & 4819, and converted to POSITIONAL at 3.22PM. HOLD THE SHORT for a Target of 4795. No SL.

Market Closing Report

Nifty futures closed the day at 4968, up 69 points, after touching a high of 4972 & a low of 4917.

NIFTY OUTLOOK

Nifty continued further its upward movement to post its highest close for the last 15 months, and ended the day at 4958, up 66 points. FIIs net bought 1105cr & DIIs net bought 143cr. Nifty has now reached a stage from where any upward movement will be less in magnitude whereas any fall from here will be steep.
Nifty levels for 17.09.09 Thursday are: PIVOT 4940, R1 4985 & R2 5011, S1 4913 & S2 4868

DAILY REPORT ON NIFTY BY kadiyali - 15.09.09 (Tuesday)

Nifty Futures 11AM Report

11AM...Nifty Futures opened today at 4846 against its previous close of 4822, and is currently trading at 4868. It has so far recorded a HIGH of 4870 & a LOW of 4838. Asian cues are mixed, US futures are in red, and European markets may open near flat today. Nifty will trade with gains for most part of the day, but will lose all its gain towards the end, and will close just flat. NF is likely to have a trading range of 4800-4890.

Trading Calls

12.30PM...NF now at 4895. Go SHORT.  SL 4927. Target 1 - 4845. Target 2 - 4819.

3.22PM...NF now at 4903. Carry the short to tomorrow.

Market Closing Report

Nifty futures closed the day at 4897, up 75 points, after touching a high of 4908. The morning low of 4838 remained the low of the day. 

NIFTY OUTLOOK

Nifty had a bullish trade today, almost touching 4900, and closed the day near day's high at 4892, up 84 points. FIIs net bought 776cr & DIIs net bought 133cr. Nifty has just entered the over bought zone & is likely to retrace in a day or two.
Nifty levels for 16.09.09 Wednesday are: PIVOT 4867, R1 4925 & R2 4958, S1 4834 & S2 4775.

DAILY REPORT ON NIFTY BY kadiyali - 14.09.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4811 against its previous close of 4841, and is currently trading at 4810. It has so far recorded a HIGH of 4820 & a LOW of 4790. Asian cues are negative, US futures are in negative, and European markets may open in negative today. The trading range for NF today is 4730-4830.

Trading Calls

11.08AM...NF now at 4818. Go SHORT. SL 4839. Target 1 - 4768. Target 2 - 4739.

1.09PM...NF now at 4817. Square the SHORT for now, and be in the sidelines for SHORT at higher level.

2.20PM...NF now at 4810. Go SHORT. SL (strict) 4824. Target 4760.

3.17PM...NF now at 4828. SL of 2.20PM trade hit. Sorry.

Market Closing Report

Nifty futures closed the day at 4737, down 4 points after touching a high of 4838. The morning low of 4790 remained the low of the day.

NIFTY OUTLOOK

Nifty had a mildly bearish trade today in line with negative global cues, but managed to hold on to the 4800 level for the fifth consecutive day, to close the day at 4808, down 21 points. FIIs net sold 44cr & DIIs net sold 6cr. Nifty trading in small range for the last five days indicates buyers' fatigue at higher levels.
Nifty Levels for 15.09.09 Tuesday are: PIVOT 4809, R1 4832 & R2 4855, S1 4786 & S2 4763.

WEEKLY REPORT ON NIFTY BY kadiyali - 12.09.09 (Saturday)

WEEK GONE BY

Nifty broke out above its strong resistance of 4750 during this week on the very first trading day on Monday, but remained range bound thereafter for all the remaining 4 days of the week, managing however to get a close above 4800 for all these 4 days. It closed the week with a positive close at 4829, up 149 points. The low of the week of 4690 was touched on Monday and the high of the week of 4889 was recorded on Thursday.

WEEK AHEAD

The week ahead is going to see buyers' fatigue, as nifty could not secure substantial gains after the break out above 4750 & every attempt to scale nearer/above 4850 has met with profit taking last week. Nifty is likely to trade next week in a trading range of 4610-4860, and may post a negative close for the week.

STATEGY FOR THE WEEK

1. If you are long, properly hedge the same if you continue to hold the same.

2. If you are short, hold the short till 4650.

3. Accumulate nifty puts 4600PE below 30.

STOCK RECOMMENDATION

As already indicated in my last Weekly Report, stay invested in stocks till nifty hits 5000 either this month or next. However dont add to your portfolio unless nifty corrects substantially. If nifty goes past 5000 without any correction, book not less than 50% of your portfolio.

Buy COUNTRY CLUB (cmp 18) for long term. Target 60 by 31.07.2010.

OPTION RECOMMENDATION

My Option Recommendation for next week is a Nifty Stradle of 5000CE & 4600PE. BUY 2 lots each of 5000CE (cmp 38) & 4600PE (cmp 28) for a combined price below 60. Target for 5000CE is 70 & Target of 4600PE is 120. If target  of 5000CE reaches first, sell the same & make 4600PE free. If target of 4600PE is achieved first, sell both & book the profits.

ANNOUNCEMENT

Fiftypointsaday announces starting of PAID SMS GROUP for Nifty Futures Trading Calls from 23.09.09. It will be a paid service with an one time Membership Fee &  a monthly Subscription Fee. Under this service, Intraday Nifty Futures  Trading Calls will be sent to members by SMS on days when our team spots opportunity to gain FIFTY POINTS A DAY. Those who are interested may contact by email to fiftypointsaday@rediffmail.com. Early Bird Discount is available for all those who become members on or before 23.09.09.

DAILY REPORT ON NIFTY BY kadiyali - 11.09.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4851 against its previous close of 4818, and is currently trading at 4826. Asian cues are positive, US futures are in red, and European markets may open in positive today. Nifty is all set for one more day of range bound trading. However profit taking due to week end considerations may pull nifty down. Trading range for NF today is likely to be 4790-4870.

Trading Calls

1.39PM...NF now 4837. Go SHORT.  SL 4871.  Target 4787.

1.52PM...NF now at 4815. Change the SL to Sell rate + Brokerage, so that there is no loss in this trade.

2.54PM...NF now at 4838. SL hit WITHOUT ANY LOSS.

Market Closing Report

Nifty futures closed the day at 4847, up 29 points, after touching a low of 4795. The morning high of 4862 remained the high of the day. NF traded exactly in the trading range indicated by me in my 11AM report above.

NIFTY OUTLOOK

Nifty had yet another day of rangebound trading today, and closed the day marginally higher at 4829, up 10 points. FIIs net bought 229cr & DIIs net sold 294cr. After a break out above its earlier resistance of 4750 on Monday, nifty has traded range bound for the next four days, managing a close just above 4800 for all these four days. A systematic attempt to keep nifty floating above 4800, taking non index shares to dizzy heights one by one, and distributing the same to retail at higher levels, is evident, and a voilent U turn of nifty any time now is on the cards.
Nifty levels for 14.09.09 Monday are: PIVOT 4826, R1 4860 & R2 4890, S1 4795 & S2 4761.

DAILY REPORT ON NIFTY BY kadiyali - 10.09.09 (Thursday)

Nifty Futures 11AM Call 

11AM...Nifty Futures opened today at 4865 against its previous close of 4817, and is currently trading at 4883. It has so far recorded a HIGH of 4889 & a LOW of 4862. Asian cues are positive, US futures are in green, and European markets may open just flat today. NF is likely to trade today in the range of 4760-4900.

Trading Calls

11.15AM...NF now at 4883. Go SHORT.  No SL.  Target - Later.

12.39PM...NF now at 4843. Put the SL at Sell Price + Brokerage, so that there is no loss in the above trade.

1.03PM...NF now at 4830. Decide your Target, taking into account today's FIFTYPOINTS + Monday's SL Hit of 25 points + any other small loss if any of this week, so that this week also will be good as last week.

3.15PM...NF now at 4808. Target of 75 points, consisting of 50 points of today + 25 points of Monday's SL Hit of 25 points achieved.

Market Closing Report

Nifty futures closed the day at day's low of 4804, down 13 points. The morning high of 4889 remained the high of the day.

NIFTY OUTLOOK

Nifty opened with a positive gap today, rose by more than 75 points in the first hour of trade, profit taking at higher levels made nifty to lose all the gains, but Nifty managed to close the day in positive for the fifth day in succession, recording its third consecutive close above 4800 level, at 4819, up just 5 points. FIIs net bought 468cr & DIIs net sold 124cr. Nifty may yield to some more profit taking before scaling towards new high.
Nifty levels for 11.09.09 Friday are: PIVOT 4839, R1 4870 & R2 4920, S1 4788 & S2 4758. 

DAILY REPORT ON NIFTY BY kadiyali - 09.09.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4787 against its previous close of 4808, and is currently trading at 4814. It has so far recorded a HIGH of 4817 & a LOW of 4780. Asian cues are negative, US futures are in red, and European markets may open flat today. Nifty will trade in green for the first two hours, indecisive for the second two hours & will fall in negative towards the close, and close the day in negative. Trading range for NF today is likely to be 4740-4830.

Trading Calls

11.47AM...Intraday Stock Call: SHORT ABAN now at 1530. SL 1559. Target 1460.

1.38PM...NF now at 4806. Go SHORT.  SL 4833.  Target 4756.

2.39PM...NF now 4819. Book Loss for the day.

2.49PM...ABAN now at 1528. Square off the intraday short.

Market Closing Report

Nifty futures closed the day at 4821, up 13 points, after touching a high of 4831. The morning low of 4780 remained the low of the day.

NIFTY OUTLOOK

Nifty had a volatile trade today within a small range, but managed to close the day in positive for the fourth day in succession, at 4814, up 9 points. FIIs net bought 193cr & DIIs net bought 239cr. Nifty has been showing a tendency to rise without yielding to any profit taking, which is not a healthy sign, and any rise from here without scaling back may lead to sudden slide.
Nifty levels for 10.09.09 Thursday are: PIVOT 4808, R1 4832 & R2 4849, S1 4790 & S2 4766.