Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4990 against its previous close of 4986, and is currently trading at 4963. It has so far recorded a HIGH of 4995 & a LOW of 4958. Asian cues are mixed, US futures are just flat, and European markets may open today in positive. The trading range for NF today is likely to be 4950-5020.
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NIFTY SMS GROUP TRADES - DEC 09
A. Total Trades: 13
B. Winning Trades: 8
C. Losing Trades: 5
D. Points Gained: 231
E. Points Lost: 86*
F. Net Gain: 145
*included today's loss of 26 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 4940, down 46 points, after touching a low of 4937 & a high of 4995.
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NIFTY OUTLOOK
Nifty continued to slide further, and closed the day at 4953, down 35 points. FIIs net sold 292cr & DIIs net bought 354cr. As Nifty has fallen more than 200 points from its intraday high of 5182 touched on 11th without any pullback for the last 7 trading days, we can expect a pull back of 50-60 points from current level before it resumes the downtrend towards a target of 4800.
Nifty levels for 22.12.09 Tuesday are: PIVOT 4965, R1 4985 & R2 5019, S1 4932 & S2 4911.
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