Tuesday, November 10, 2009

DAILY REPORT ON NIFTY BY kadiyali - 10.11.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 4942 against its previous close of 4903, and is currently trading at 4910. It has so far recorded a HIGH of 4947 & a LOW of 4905. Asian cues are positive, US futures are in red, and European markets may open little changed today. Nifty may have a RANGEBOUND trade today, and the trading range for NF is likely to be 4880-4960.

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Nifty SMS Group Trades

1. Total Trades:                7

2. Winning Trades:           3

3. Losing Trades:              4

4. Points Gained:             47

5. Points Lost:                 94*

6. Net Gain:                  - 47

7. Month Target:           400

* includes today's loss of 21 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 4872, down 31 points, after touching a low of 4850 & a high of 4947.

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NIFTY OUTLOOK

Nifty had a gap up opening today but lost all its gains & closed the day in negative at 4882, down 16 points. FIIs net bought 259cr & DIIs net bought 182cr. Nifty may make one more attempt to go beyond 4900 before falling towards its next downward target of 4250.
Nifty levels for 11.11.09 Wednesday are: PIVOT 4896, R1 4933 & R2 4984, S1 4845 & S2 4809.






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