DAILY REPORT ON NIFTY BY kadiyali - 02.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5147 against its previous close of 5132, and is currently trading at 5129. It has so far recorded a HIGH of 5154 & a LOW of 5120. Asian cues are positive, US futures are just flat, and European markets may open in slightly negative today. The trading range for NF is likely to be 5070-5160.

---------------------------------------------------------

Nifty SMS Group Trades - Dec 09

A. Total Trades:                  1

B. Winning Trades:              1

C. Losing Trades:                0

D. Points Gained:                10

E. Points Lost:                      0

F. Net Gain:                          10

--------------------------------------------------------

Market Close Report

3.30PM: Nifty futures closed the day at 5116, down 16 points, after touching a low of 5103 & a high of 5154.

--------------------------------------------------------

NIFTY OUTLOOK

After rising by more than 200 points in 3 days, nifty consolidated the gains today, and closed the day at 5123, up just 1 point. FIIs net bought 885cr & DIIs net sold 213cr. Nifty is now making its final bid to break its tough resistance of 5182.
Nifty levels for 03.12.09 Thursday are: PIVOT 5097, R1 5155 & R2 5188, S1 5064 & S2 5005.