Nifty Futues 11AM Call
11AM: Nifty Futures opened today at 5057 against its previous close of 5069, and is currently trading at 5091. It has so far recorded a HIGH of 5110 & a LOW of 5057. Asian cues are negative, US futures are in green, and European markets may open little changed today. The trading range for NF today is likely to be 5040-5130.
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Trading Call
3.15PM: Nifty put 4900PE now at 43.50. BUY* for a target of 120 (as per my Weekly Report).
* Buy any options only out of Trading profit & not out of capital, due to inherent risk involved in Options Trading.
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Market Close Report
3.30PM: Nifty futures closed the day at 5159, up 90 points, after touching a low of 5057 & a high of 5162.
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NIFTY OUTLOOK
Nifty smartly bounced back again today to close the day above 5100 for 5 out of 6 days in the month, and closed the day at 5148, up 90 points. FIIs net bought 843cr & DIIs net sold 504cr. Nifty posted its highest close of 5148 for 2009 today, and along with 5143 recorded as a close on 16.10.09, completed its Double Top on closing basis.
NIfty levels for 09.12.09 Wednesday are: PIVOT 5120, R1 5181 & R2 5213, S1 5087 & S2 5026.
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