Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5111 against its previous close of 5107, and is currently trading at 5116. It has so far recorded a HIGH of 5125 & a LOW of 5108. Asian cues are mixed, US futures are just flat, and European markets may open marginally in negative today. The trading range for NF today is likely to be 5060-5130. Nifty may trade today in positive for not more than 2 hours, and will close the day in negative below 5100, after closing above 5100 for 9 out of 10 days of this month.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 10
B. Winning Trades: 8
C. Losing Trades: 2
D. Points Gained: 231*
E. Points Lost: 24+
F. Net Gain: 207
* includes today's gain of 17 points. + includes today' loss of 16 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5021, down 86 points, after touching a low of 5017 & a high of 5125.
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Nifty Outlook
Nifty had its all elusive correction today, and closed the day at 5033, down 72 points. FIIs net sold 6cr & DIIs net bought 39cr. Nifty now may have a relief rally, before resuming the downtrend for a target of 4800.
Nifty levels for 16.12.09 Wednesday are: PIVOT 5060, R1 5102 & R2 5171, S1 4991 & S2 4949.
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