Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4769 against its previous close of 4826, and is currently trading at 4783. It has so far recorded a HIGH of 4790 & a LOW of 4756. Asian cues are negative, but US futures are in green, and European markets may open today in negative. The trading range for NF today is likely to be 4680-4810.
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Nifty SMS Group Trades
1. Total Trades: 15
2. Winning Trades: 9
3. Losing Trades: 6
4. Points Gained: 279
5. Points Lost: 151*
6. Net Gain: 128
7. Month Target: 200
*includes today's loss of 33 poits.
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Market Close Report
3.30PM: Nifty futures closed this last day of Oct expiry on a negative note at 4750, down 76 points, after touching a low of 4747 & a high of 4826.
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NIFTY OUTLOOK
Nifty traded with volatality today being the last day of Oct expiry, and closed the day in negative for the fourth day in succession, at 4750, down 76 points. FIIs net sold a record 2546cr, remaining net sellers for the last 7 days, and DIIs net bought 977cr. The bear hug of nifty is now total, and a near term target of 4600 looks easy for nifty with a possibility of continuation of this downturn even till 4100.
Nifty levels for 30.10.09 Friday are: PIVOT 4772, R1 4805 & R2 4859, S1 4717 & S2 4684.
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