Tuesday, November 24, 2009

DAILY REPORT ON NIFTY BY kadiyali - 24.11.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5099 against its previous close of 5108, and is currently trading at 5097. It has so far recorded a HIGH of 5101 & a LOW of 5085. Asian cues are negative, US futures are in red, and European markets may also open in negative. The trading range for NF today is likely to be 5050-5110.

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Market Close Report

3.30PM: Nifty futures closed the day at 5073, down 38 points, after touching a low of 5050 & a high of 5109.

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NIFTY OUTLOOK

Nifty had a rangebound trade today, and closed the day at 5090, down 13 points. FIIs net bought 170cr & DIIs net sold 147cr. Nifty will have volatile trading for next 2 days in view of the approaching expiry date.
Nifty levels for 25.11.09 Wednesday are: PIVOT 5085, R1 5118 & R2 5145, S1 5058 & S2 5026.



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