Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4947 against its previous close of 4953, and is currently trading at 4972. It has so far recorded a HIGH of 4985 & a LOW of 4946. Asian cues are mixed, US futures are flat, and European markets may open in negative today. The trading range for NF today is likely to be 4910-5000.
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Nifty SMS Group Trades
1. Total Trades: 8
2. Winning Trades: 4
3. Losing Trades: 4
4. Points Gained: 63*
5. Points Lost: 94
6. Net Gain: - 31
7. Month Target: 400
* includes today's gain of 16 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5000, up 47 points, after touching a low of 4946 & a high of 5023.
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NIFTY OUTLOOK
Nifty had a bullish trade today, recovering almost all of the previous day's loss, and closed the day at 4999, up 46 points. FIIs net bought 471cr & DIIs net sold 25cr. Having touched an intraday high of 5016, 5014 & 5017 for the last 3 days, Nifty is facing a congestion zone just above 5000, with a further strong resistance at 5050.
Nifty levels for 16.11.09 Monday are: PIVOT 4986, R1 5030 & R2 5061, S1 4955 & S2 4911.
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