Friday, December 4, 2009

DAILY REPORT ON NIFTY BY kadiyali - 04.12.09 (Friday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5090 against its previous close of 5132, and is currently trading at 5122. It has so far recorded a HIGH of 5138 & a LOW of 5085. Asian cues are negative, US futurs are just flat, and European markets may open slightly in negative today. The trading range for NF today is 5060-5150. Nifty may trade in negative for the first two hours, fall into positive for the next two hours, and may get into negative again towards the end, and close the day in negative.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                    3

B. Winning Trades:               3

C. Losing Trades:                  0

D. Points Gained:                100*

E. Points Lost:                       0

F. Net Gain:                         100

* includes today's gain of 48 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5130, down just 2 points, after touching a low of 5078 & a high of 5169.

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NIFTY OUTLOOK

Nifty made one more attempt today to surpass its resistance of 5182 & failed, closing the day at 5109, down 22 points. FIIs net bought 198cr & DIIs net sold 57cr. Nifty has been consolidating above 5100 for the last 4 days with a close of 5122, 5123, 5131 & 5109 to enter into a crucial week.
Nifty levels for 07.12.09 Monday are: PIVOT 5117, R1 5153 & R2 5197, S1 5073 & S2 5037.


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