Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4942 against its previous close of 4934, and is currently trading at 4988. It has so far recorded a HIGH of 4991, and a LOW of 4937. Asian cues are mixed, US futures are in green, and European markets may open in positive today. A day of volatile trading is on the cards for nifty due to trading holiday tomorrow. The trading range for NF is likely to be 4930-5110 today.
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Nifty SMS Group Record
1. Total Trades: 5
2. Winning Trades: 2
3. Losing Trades: 3
4. Points Gained: 44
5. Points Lost: 57
6. Net Gain: - 13
7. Month Target: 200
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Market Closing Report
3.30PM: Nifty futures closed the day at 5055, up 121 points, after touching a low of 4937 & a high of 5075.
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NIFTY OUTLOOK
Nifty had a bullish trade today except for an hour of consolidation in the middle, and closed the day at 5054, up 109 points. FIIs net bought 963cr & DIIs net sold 275cr. Nifty will now consolidate above 5000 for 3-4 trading days to facilitate a systematic distribution before an imminent correction.
Nifty levels for 14.10.09 (Wednesday) are: PIVOT 5022, R1 5100 & R2 5145, S1 4977 & S2 4900.
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