Tuesday, October 20, 2009

DAILY REPORT ON NIFTY BY kadiyali - 20.10.09 (Tuesday)

Nifty Futures 11AM Report

11AM: Nifty Futures opened today at 5162 against its previous close of 5125, and is currently trading at 5139. It has so far recorded a HIGH of 5168 & a LOW of 5136. Asian cues are positive, US futures are in green, and European markets may open little changed today. Nifty may trade range bound for first half of the session, trading just above & below the previous close alternatively, and will get into negative in the second half, and close the day in negative. The trading range for NF today is likely to be 5080-5170.

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NIFTY SMS GROUP RECORD

1. Total Trades:                         8

2. Winning Trades:                   5 

3. Losing Trades:                      3

4. Points Gained:                    100* 

5. Points Lost:                         57 

6. Net Gain:                             43 

7. Month Target:                 200

*includes today's gain of 50 points in trade  as per 12.24PM sms.

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Market Closing Report

3.30PM: Nifty futures closed the day at 5106, down 19 points, after touching a low of 5091 & a high of 5168.

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NIFTY OUTLOOK

Starting the day with a positive note, Nifty faced resistance at higher levels, and closed the day in negative at 5115, down 27 points. FIIs net bought 276cr & DIIs net sold 141cr. Nifty is likely to fall into bears' grip soon, now that Diwali celebrations are over.
Nifty levels for 21.10.09 Wednesday are: PIVOT 5133, R1 5163 & R2 5212, S1 5084 & S2 5054.






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