Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4887 against its previous close of 4874, and is currently trading at 4905. It has so far recorded a HIGH of 4906 & a LOW of 4867. Asian cues are positive, US futures are in green, and European markets may open slightly positive today. The trading range for NF today is likely to be 4820-4930.
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Market Close Report
3.30PM: Nifty futures closed the day at 5013, up 139 points, after touching a low of 4867 & a high of 5024.
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NIFTY OUTLOOK
Nifty had a bullish trade today & posted handsome gains to close the day at 5004, up 122 points. FIIs net bought 862cr & DIIs net bought 90cr. Nifty having retraced almost 70% of its recent fall is surprisingly heading towards double top formation.
Nifty levels for 12.11.09 Thursday are: PIVOT 4963, R1 5057 & R2 5110, S1 4910 & S2 4817.
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