Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4814 against its previous close of 4770, and is currently trading at 4817. It has so far recorded a HIGH of 4834 & a LOW of 4806. Asian cues are positive, US futures are in red, and European markets may open in positive today. The trading range for NF today is likely to be 4690-4850. A range bound trade with 4800-4850 is also not ruled out.
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Nifty SMS Group Trades
1. Total Trades: 5
2. Winning Trades: 3
3. Losing Trades: 2
4. Points Gained: 47*
5. Points Lost: 58
6. Net Gain: - 11
7. Month Target: 400
* includes today's gain of 11 points.
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Market Close Report
3.3oPM: Nifty futures closed the day at 4797, up 26 points, after touching a low of 4755 & a high of 4834.
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NIFTY OUTLOOK
Nifty had a gap up opening today, but traded volatile within a small range, and closed the day with gains for the third day, at 4796, up 30 points. FIIs net bought 587cr & DIIs net bought 236cr. Nifty is now near its short term resistance of 4880, and a steep fall from the current level looks imminent.
Nifty Levels for 09.11.09 Monday are: PIVOT 4799, R1 4833 & R2 4870, S1 4762 & S2 4728.
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