Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 5064 against its previous close of 5073, and is currently trading at 5071. It has so far recorded a HIGH of 5083 & a LOW of 5051. Asian cues are mixed, US futures are in red, and European markets may open slightly higher. Nifty may trade both in positive & negative alternatively but in small range due long week end considerations & may close the day in negative. Trading range of NF today is likely to be 5020-5090.
Market Closing Report
3.30PM...Nifty futures closed the day at 5069, down just 4 points, after touching a high of 5088 & a low of 5040.
NIFTY OUTLOOK
Nifty traded indecisively today but managed to not only go beyond 5100 intraday but also almost hold previous gains, to close the day at 5083, down just 1 point. FIIs net bought 976cr & DIIs net sold 331cr. FIIs continuing to pump in money into the market may turn out to be an ill-advised move not only for them but also for the market in the short term.
Nifty levels for 05.10.09 Monday are: PIVOT 5083, R1 5110 & R2 5137, S1 5057 & S2 5030.
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