Wednesday, December 9, 2009

DAILY REPORT ON NIFTY BY kadiyali - 09.12.09 (Wednesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5117 against its previous close of 5157, and is currently trading at 5138. It has so far recorded a HIGH of 5144 & a LOW of 5111. Asian cues are negative, US futures are in green, and European market cues will be slightly in positive today. The trading range for NF today is likely to be 5070-5160. Nifty will trade in negative for the first 2 hours, may get back into positive for the next 1-2 hours, and the last part of the day will see sell off at higher levels, and nifty may close the day in negative.

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Nifty SMS Group Trades - Dec 09

A. Total Trades:                  5

B.  Winning Trades:            4

C.  Losing Trades:               1

D.  Points Gained:            115

E.  Points Lost:                     8*

F.  Net Gain:                     107

* includes today's loss of 8 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5126, down 31 points, after touching a low of 5090 & a high of 5151.

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NIFTY OUTLOOK

Nifty in line with negative global cues, traded today in negative almost the entire trading session, and closed the day at 5112, down 36 points. FIIs net sold 377cr & DIIs net bought 18cr. Bulls have so far managed to get nifty a close above 5100 for 6 out of 7 trading days of December.
Nifty levels for 10.12.09 Thursday are: PIVOT 5117, R1 5143 & R2 5174, S1 5086 & S2 5060.





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