Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 4992 against its previous close of 5000, and is currently trading at 5047. It has so far recorded a HIGH of 5048 & a LOW of 4992. Asian cues are mixed, US futures are in green, and European markets may open just flat today. Nifty having secured a decent gain of 50 points in the first hour, will trade rangebound for most part of the day between the current high & low, but last two hours of trade will see some sell off/profit booking, and nifty will lose all its gains & may close just flat or with minor loss. Trading range for NF today is likely to 4980-5050.
Market Closing Report
Nifty futures closed the day at 5073, up 72 points, after touching a high of 5080 & a low of 4992.
NIFTY OUTLOOK
Nifty continued its surge beyond 5000 today, and closed the day at 5084, up 77 points. FIIs net bought 1075cr & DIIs net bought 160cr. Nifty now hangs delicately on temporary liquidity.
Nifty levels for 01.10.09 Thursday are: PIVOT 5059, R1 5113 & R2 5142, S1 5030 & S2 4975.
No comments:
Post a Comment