Thursday, December 17, 2009

DAILY REPORT ON NIFTY BY kadiyali - 17.12.09 (Thursday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5035 against its previous close of 5040, and is currently trading at 5041. It has so far recorded a HIGH of 5046 & a LOW of 5118. Asian cues are mixed, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 4980-5050.

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Nifty SMS Group Trades - Dec 09

A.  Total Trades:                12

B.   Winning Trades:            8

C.   Losing Trades:               4

D.   Points Gained:            231

E.   Points Lost:                   60*

F.   Net Gain:                     171

* includes today's loss of 21 points.

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Market Close Report

3.30PM: Nifty futures closed the day at 5030, down 10 points, after touching a low of 5008 & a high of 5068.

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Nifty Outlook

Nifty had a rangebound trade today before closing the day just flat at 5042. FIIs net bought193cr & DIIs net bought 139cr. After closing 9 out of first 10 trading days of the month above 5100, nifty has now closed between 5030-5050 for the last 3 days, and is likely to fall decisively below 5000 very shortly.
Nifty levels for 18.12.09 Friday are: PIVOT 5040, R1 5066 & R2 5090, S1 5015 & S2 4988.




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