Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5094 against its previous close of 5108, and is currently trading at 5101. It has so far recorded a HIGH of 5108 & a LOW of 5082. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 5050-5110. Nifty may trade in negative for most part of the day, but a late recovery is possible to get a close very near 5100.
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Short Term Trading Calls
Bought PASUPATHI ACRYLON @ 7.05. Target 10.
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Market Close Report
3.30PM: Nifty futures closed the day at 5005, down 103 points, after touching a low of 4978 & a high of 5108.
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NIFTY OUTLOOK
After yesterday's Double Top, nifty started the slide today, falling by more than 100 points & closed the day at 5005, down 103 points. FIIs net sold 70cr & DIIs net bought 150cr. Nifty will soon enter the Sell On Rise zone.
Nifty levels for 27.11.09 Friday are: PIVOT 5036, R1 5086 & R2 5166, S1 4955 & S2 4905.
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