Nifty Futures 11AM Call
11AM...Nifty Futures opened today at 5030 against its previous close of 5008, and is currently trading at 4957. It has so far recorded a HIGH of 5032 & a LOW of 4943. Asian cues are positive, US futures are in red, and European markets may open in positive today. Nifty will trade today in negative for the first half of the session, and will recover to positive in the second, and may close the day in positive with small gain. Trading range for NF is likely to be 4930-5050.
Stock Portfolios Blog
Our new blog STOCK PORTFOLIOS will start on 14.10.09. We will send the invitation to small investors who have applied just before this date. Those who have applied are requested NOT to send reminders to us.
Trading Calls
12.33PM: BUY SUZLON (cmp 84.50) for a short term target of 100 by 31.10.09.
Market Closing Report
3.30PM: Nifty futures closed the day at 5038, up 30 points, after touching a high of 5046 & a low of 4918. As indicated in my 11am report, Nifty traded in negative for the first half of the session, recovered to positive in the second, and closed the day with a small gain of 21 points.
NIFTY OUTLOOK
Nifty had a volatile trade today, first falling by more than 100 points from its opening level, then recovering again more than 100 points from its day's low, and closed the day at 5027, up 24 points. FIIs net sold 157cr & DIIs net sold 767cr. It is for the second time nifty found strong support at 4900, and next time when it falls towards 4900, it may breach the support.
Nifty levels for 07.10.09 Wednesday are: PIVOT 4994, R1 5068 & R2 5108, S1 4954 & S2 4881.
No comments:
Post a Comment