Tuesday, November 17, 2009

DAILY REPORT ON NIFTY BY kadiyali - 17.11.09 (Tuesday)

Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5063 against its previous close of 5062, and is currently trading at 5043. It has so far recorded a HIGH of 5065 & a LOW of 5031. Asian cues are negative, US futures are in negative, and European markets may open slightly negative today. The trading range for NF today is likely to be 4980-5070.

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Nifty SMS Group Trades Record

1. Total Trades:                         9

2. Winning Trades:                   4

3. Losing Trades:                      5

4. Points Gained:                     63

5. Points Lost:                        106*

6. Net Gain:                           - 43

7. Month Target:                    400

* includes today's loss of 12 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5056, down 6 points, after touching a low of 5006 & a high of 5073.

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NIFTY OUTLOOK

Nifty had a volatile trade today within a small range, trading in negative for a major part of the day, but recovering all the losses towards the end to close the day just flat at 5062, up 4 points. FIIs net bought 463cr & DIIs net sold 235cr. Nifty has been rising on lower volumes, closing the last two days at its resistance level of 5050.Nifty levels for 18.11.09 Wednesday are: PIVOT 5049, R1 5087 & R2 5113, S1 5024 & S2 4985.

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