Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5018 against its previous close of 5036, and is currently trading at 5015. It has so far recorded a HIGH of 5035 & a LOW of 5013. Asian cues are negative, US futures are in green, and European markets will open near flat today. The trading range for NF today is likely to be 4990-5060. Nifty may close today in negative with a minor loss of 10-20 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 4983, down 53 points, after touching a low of 4972 & a high of 5049.
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Nifty Outlook
Nifty at last slipped below 5000 today, and closed the day at 4988, down 54 points. FIIs net sold 206cr & DIIs net bought 331cr. Nifty will now have a strong resistance at 5050 till it achieves its downward target of 4800.
Nifty levels for 21.12.09 Monday are: PIVOT 5003, R1 5028 & R2 5068, S1 4963 & S2 4939.
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