Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4998 against its previous close of 5009, and is currently trading at 4990. It has so far recorded a HIGH of 5012 & a LOW of 4971. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF is likely to be 4930-5020.
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Market Close Report
3.30PM: Nifty futures closed the day at 4969, down 40 points, after touching a low of 4917 & a high of 5017.
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NIFTY OUTLOOK
Nifty had a rangebound trade today for a major part of the session, and saw some sell off in the last one hour, and closed the day at 4953, down 51 points. FIIs net bought 68cr & DIIs net sold 108cr. Nifty may trade between 4850-5050 for a week before starting its down leg again.
Nifty levels for 13.11.09 Friday are: PIVOT 4964, R1 5003 & R2 5054, S1 4913 & S2 4874.
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