11AM: Nifty Futures opened today at 4845 against its previous close of 4774, and is currently trading at 4838. It has so far recorded a HIGH of 4862 & a LOW of 4821. Asian cues are positive, US futures are just flat, and European markets may open positive today. Nifty will have a bullish trade today & will close the day in positive but the last one hour of trade may see nifty losing 50 point from day's high. The trading range for NF today is likely to be 4820-4890.
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Nifty SMS Group Trades
1. Total Trades: 16
2. Winning Trades: 9
3. Losing Trades: 7
4. Points Gained: 279
5. Points Lost: 165*
6. Net Gain: 114
7. Month Target: 200
*includes today's loss of 14 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 4695, down 79 points, after touching a low of 4692 & a high of 4862.
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NIFTY OUTLOOK
Nifty had a gap up opening due to positive global cues, but lost all the gap within 3 hours of trade, and bearishly closed the day at 4711, down 39 points. FIIs net bought 576cr & DIIs net bought 593cr. Nifty now is looking desparately for some support, as all the known solid supports have fallen to bears' onslaught.
Nifty levels for 03.11.09 Tuesday are: PIVOT 4751, R1 4814 & R2 4917, S1 4648 & S2 4585.
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