Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5019 against its previous close of 5031, and is currently trading at 5012. It has so far recorded a HIGH of 5033 & a LOW of 5004. Asian cues are mixed, US futures are flat, and European markets may open in negative today. The trading range for NF today is likely to be 4970-5040. Nifty may trade today in negative for the first half of the session falling below 5000, but may recover above 5100 in the second half to close the day near flat.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 11
B. Winning Trades: 8
C. Losing Trades: 3
D. Points Gained: 231
E. Points Lost: 39*
F. Net Gain: 192
* includes today's loss of 15 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5056, up 25 points, after touching a low of 5004 & a high of 5072.
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Nifty Outlook
Nifty had a relief pull back today from its day's low of 5001, and closed the day at 5042, down 9 points. FIIs net sold 355cr & DIIs net bought 275cr. For the first 10 trading days of the month, nifty had 5050/5080 as its support, and the same is likely to act as its resistance now.
Nifty levels for 17.12.09 Thursday are: PIVOT 5037, R1 5072 & R2 5102, S1 5007 & S2 4971.
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