Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5107 against its previous close of 5122, and is currently trading at 5098. It has so far recorded a HIGH of 5114 & a LOW of 5084. Asian cues are negative, US futures are just flat, and European markets may open marginally in positive today. The trading range for NF is likely to be 5050-5130. Nifty may trade today in negative for almost the entire day except for one or two attempts into positive zone, and may close the day in negative below 5100.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 6
B. Winning Trades: 5
C. Losing Trades: 1
D. Points Gained: 122*
E. Points Lost 8
F. Net Gain: 114
* includes today's gain of 7 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5128, up 6 points, after touching a low of 5084 & a high of 5153.
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Nifty Outlook
Nifty continued to trade in a small range & closed the day at 5134, up 22 points. FIIs net bought 294cr & DIIs net bought 69cr. By closing above 5100 for 7 out of the first 8 trading days of this month, the distribution seems to be over, and we will see US$ improving from the current level suddenly to bring about the much awaited correction in equities.
NIfty levels for 11.12.09 Friday are: PIVOT 5122, R1 5159 & R2 5183, S1 5097 & S2 5060.
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