Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4823 against its previous close of 4848, and is currently trading at 4828. It has so far recorded a HIGH of 4832 & a LOW of 4792. Asian cues are negative, US futures are in red, and European markets may open today in negative. Nifty will have a volatile trade today in view of nearness of expiry, but within a small range, with a strong possibility of smart bounce back from day's low. The trading range for NF today is likely to be 4770-4860.
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Nifty SMS Group Trades
1. Total Trades: 14
2. Winning Trades: 9
3. Losing Trades: 5
4. Points Gained: 279*
5. Points Lost: 118
6. Net Gain: 161
7. Month Target: 200
*includes today's gain of 52 points.
Note: Nifty SMS Group is a Paid Service. Those who want to join may email us to fiftypointsaday@rediffmail.com
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Market Close Report
3.30PM: Nifty futures closed the day at 4832, down 16 points, after touching a low of 4792 & a high of 4867.
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NIFTY OUTLOOK
Nifty continued its downward journey for the third day in a row to drop below 4800 briefly, and with the help of a fake support at 4780 level, recovered above 4800 & closed the day at 4826, down 21 points. FIIs net sold 723cr & DIIs net bought 896cr. Bears are now firmly under control & beware of fake support provided to nifty at support levels and fake break outs at resitances, to lure more longs into the system.
Nifty levels for 29.10.09 Thursday are: PIVOT 4826, R1 4867 & R2 4909, S1 4784 & S2 4743.
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