Nifty Futures 11AM Call
11am...Nifty Futures opened today at 5000 against its previous close of 5069, and is currently trading at 5036. It has so far recorded a HIGH of 5045 & a LOW of 4995. Asian cues are negative, US futures are in green, and European markets may open today in positive. Nifty having opened gap down will recover all its day's loss by the end of the day, and may close today just flat. Trading range for NF today is likely to be 4990-5070.
Trading Call
12.30pm: BUY RIL (cmp 2130) for a short term target of 2300 by 15.10.09.
Market Closing Report
3.30pm: Nifty futures closed the day at 5012, down 57 points, after touching a high of 5054 & a low of 4995.
NIFTY OUTLOOK
Due to negative global cues, Nifty had a bearish trade today, trading in negative throughout the day, and closed the day at 5003, down 80 points. FIIs net sold 310cr & DIIs net sold 568cr. Nifty now is hanging near the peak on a delicate thread of Q2 expectations looking at a certain target of 4700.
Nifty levels for 06.10.09 Tuesday are: PIVOT 5024, R1 5055 & R2 5108, S1 4971 & S2 4940.
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