Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5020 against its previous close of 5001, and is currently trading at 4990. It has so far recorded a HIGH of 5027 & a LOW of 4972. Asian cues are positive, US futures are just flat, and European markets may open in negative after yesterday's robust gains. The trading range for NF is likely to be 4920-5030.
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Updates on Trading Calls
1. RIL call given to buy at 2130 for a short term target of 2300. Hold till target is achieved.
2. IFCI call given to buy at 56 for a short term target of 75. Hold till target is achieved.
3. Suzlon call given to buy at 84.50 for a short term target of 100. Hold till target is achieved.
4. TTNL call given to buy at 35 for a short term target of 50. Hold till target is achived. Last two days, all telecom shares ended in red. TTML ended both days in green.
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Nifty SMS Group Record
1. Total Trades: 4
2. Winning Trades: 1
3. Losing Trades: 3
4. Points Gained: 3
5. Points Lost: 57
6. Net Gain: - 54
7. Month Target: 200
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Market Closing Report
3.30PM: Nifty futures closed the day 4931, down 70 points, after touching a low of 4923 & a high of 5027.
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NIFTY OUTLOOK
Nifty had a bearish day of trading today, tanking almost 100 points from the day's high, and closed the day at 4945, down 57 points. FIIs net sold 44cr & DIIs net bought 86cr. Nifty is likely to respect its current support of 4900 till Deepavali, after which a sudden fall towards 4700 is on the cards.
Nifty levels for 12.10.09 Monday are: PIVOT 4971, R1 5007 & R2 5069, S1 4909 & S2 4873.
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