Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4999 against its previous close of 5007, and is currently trading at 4978. It has so far recorded a HIGH of 5016 & a LOW of 4967. Asian cues are positive, US futures are in green, and European markets may open slightly positive today. The trading range for NF today is likely to be 4940-5030.
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Nifty SMS Group Trades
1. Total Trades: 12
2. Winning Trades: 7
3. Losing Trades: 5
4. Points Gained: 177
5. Points Lost: 118 *
6. Net Gain: 59
7. Month Target: 200
*includes today's loss of 31 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 4971, down 36 points, after touching a low of 4965 & a high of 5042.
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NIFTY OUTLOOK
Nifty had a volatile trading today gaining almost 70 points from morning lows, but losing similar points from day's high to close the day at near low at 4971, down 26 points. FIIs net sold 3cr & DIIs net sold 171cr. As Q2 results declared so far have confirmed nifty having rallied beyond its intrinsic valuation, nifty will see gradual sell off in the days to come. A target of 4700 looks very certain within the next 10-15 trading days.
Nifty levels for 27.10.09 Tuesday are: PIVOT 4989, R1 5016 & R2 5061, S1 4944 & S2 4916.
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