Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5135 against its previous close of 5115, and is currently trading at 5097. It has so far recorded a HIGH of 5135 & a LOW of 5092. Asian cues are mixed, US futures are in red, and European markets may open just flat today. The trading range for NF today is likely to be 5070-5140. Nifty may trade in both positive & negative alternatively about 20-30 points above & below its previous close, and may close in positive with minor gains.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 4
B. Winning Trades: 4
C. Losing Trades: 0
D. Points Gained: 115*
E. Points Lost: 0
F. Net Gain: 115
* includes today's gain of 15 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5060, down 55 points, after touching a low of 5051 & a high of 5135.
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NIFTY OUTLOOK
Nifty faced continuous selling pressure above 5100 today, and closed the day at 5067, down 42 points. FIIs net sold 191cr & DIIs net sold 185cr. Nifty has clearly fallen into Sell-On-Rise zone now, and may oscilate between a support of 4920 & a resistance of 5182 for a few days, before breaking down.
Nifty levels for 08.12.09 Tuesday are: PIVOT 5083, R1 5115 & R2 5163, S1 5035 & S2 5003.
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