Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5003 against its previous close of 4946, and is currently trading at 5028. It has so far recorded a HIGH of 5032 & a LOW of 4990. Asian cues are positive, US futures are in green, and European markets may open slightly in positive today. The trading range for NF today is likely to be 4990-5040 in a range bound trade.
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Market Close Report
3.30PM: Nifty futures closed the day at 5023, up 77 points, after touching a low of 4990 & a high of 5072.
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NIFTY OUTLOOK
Nifty had a gap up opening today & maintained the positive gap till the end, and closed the day at 5032, up 91 points. FIIs net bought 456cr & DIIs net bought 469cr. For the last 8 trading days, FIIs have net sold 1923cr, which is an indication for the nifty to seek lower level of 4700 at least in the next few days.
Nifty levels for 01.12.09 Tuesday are: PIVOT 5014, R1 5085 & R2 5138, S1 4961 & S2 4889.
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