Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4690 against its previous close of 4705, and is currently trading at 4653. It has so far recorded a HIGH of 4693 & a LOW of 4625. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 4560-4700.
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Nifty SMS Group Trades
1. Total Trades: 4
2. Winning Trades: 2
3. Losing Trades: 2
4. Points Gained: 36*
5. Points Lost: 58
6. Net Gain: - 22
7. Month Target: 400
* includes today's gain of 3 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 4777, up 72 points, after touching a low of 4600 & a high of 4785.
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NIFTY OUTLOOK
Nifty had a volatile session today, falling by almost 100 points in the morning session, only to recover from day's low by more than 160 points, and closed the day at 4766, up 55 points. FIIs net bought 127cr & DIIs net bought 200cr. Nifty's wider range volatality for the last 3 days indicates the strong possibility of a BIG upmove or a BIG downmove, and lack of positive trigger should only lead to a big downmove from here.
Nifty levels for 06.11.09 Friday are: PIVOT 4717, R1 4824 & R2 4883, S1 4569 & S2 4552.
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