Monday, November 9, 2009

DAILY REPORT ON NIFTY BY kadiyali - 09.11.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4819 against its previous close of 4790, and is currently trading at 4810. It has so far recorded a HIGH of 4828 & a LOW of 4792. Asian cues are postive, US futures are in green, and European markets may open in slightly positive today. The trading range for NF today is likely to be 4750-4840.

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Nifty SMS Group Trades

1. Total Trades:              6

2. Winning Trades:         3

3. Losing Trades:            3

4. Points Gained:            47

5. Points Lost:                 73*

6. Net Gain:                  - 26

7. Month Target:          400

* includes today's loss of 15 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4906, up 116 points, after touching a low of 4780 & a high of 4909.

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NIFTY OUTLOOK

Nifty had a highly bullish trade today, continuing its positive close for the 4th day, and closed the day at 4898, up 102 points. FIIs net bought 477cr & DIIs net sold 287cr. Nifty has now retraced more than 50% of its recent fall, and will face a strong resistance below 4970.
Nifty levels for 10.11.09 Tuesday are: PIVOT 4864, R1 4939 & R2 4980, S1 4824 & S2 4749.




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