Monday, November 23, 2009

DAILY REPORT ON NIFTY BY kadiyali - 23.11.09 (Monday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5072 against its previous close of 5068, and is currently trading at 5079. It has so far recorded a HIGH of 5091 & a LOW of 5068. Asian cues are mixed, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 5010-5120.

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Market Closing Report

3.30PM: Nifty futures closed the day at 5101, up 33 points, after touching a low of 5068 & a high of 5119.

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NIFTY OUTLOOK

Nifty continued its bullish momentum today, and closed the day at 5103, up 51 points. FIIs net sold 168cr & DIIs net bought 132cr. Nifty is now heading towards its earlier high of 5182 to form a Double Top.
Nifty levels for 24.11.09 Tuesday are: PIVOT 5089, R1 5127 & R2 5150, S1 5066 & S2 5028.

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