Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4961 against its previous close of 4986, and is currently trading at 4978. It has so far recorded a HIGH of 4992 & a LOW of 4961. Asian cues are mixed, US futures are just flat, and European markets may open slightly in positive today. The trading range for NF today is likely to be 4950-5030.
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Nifty SMS Group Trades Record
1. Total Trades: 11
2. Winning Trades: 5
3. Losing Trades: 6
4. Points Gained: 100
5. Points Lost: 136*
6. Net Gain: - 36
7. Month Target: 200 (revised)
*includes today's loss of 30 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5077, up 91 points, after touching a low of 4937 & a high of 5077.
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NIFTY OUTLOOK
Though started the day with bullish trade, Nifty drifted lower due to midsession selling pressure, only to recover smartly 130 points from its day's low on the back of short covering, and closed the day at 5052, up 63 points. Bulls have now ensured a close above 5050 for 4 out of the 5 trading days of this week, luring retail investors to hold on to their profitable investments at high valuations.
Nifty levels for 23.11.09 Monday are: PIVOT 5016, R1 5099 & R2 5147, S1 4969 & S2 4886.
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