Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5083 against its previous close of 5087, and is currently trading at 5114. It has so far recorded a HIGH of 5117 & a LOW of 5081. Asian cues are mixed, US futures are in green, and European markets may open slightly in positive today. The trading range for NF is likely to be 5070-5150 today. Nifty may see a sell off in the second part of the day & may close in negative slightly below 5100.
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Market Close Report
3.30PM: Nifty futures closed the day at 5112, up 25 points, after touching a low of 5081 & a high of 5139.
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NIFTY OUTLOOK
Nifty today traded above 5100 for almost the entire day, and closed above 5100, at 5108, up 18 points. FIIs net sold 331cr & DIIs net bought 141cr. Nifty has now traded for the last 4 days above 5100 - its huge supply zone, and might have already completed the Double Top.
Nifty levels for 26.11.09 Thursday are: PIVOT 5108, R1 5138 & R2 5168, S1 5078 & S2 5048.
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