Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4967 against its previous close of 4948, and is currently trading at 4969. It has so far recorded a HIGH of 4980 & a LOW of 4967. Asian cues are postive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4960-5010 in a rangebound trade.
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Market Close Report
3.30PM: Nifty futures closed the day at 4996, up 48 points, after touching a low of 4967 & ahigh of 4999 in a rangebound trade.
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NIFTY OUTLOOK
Aided by positive global cues, nifty managed a small pull back, and closed the day at 4986, up 33 points. FIIs net sold 110cr & DIIs net bought 511cr. Bears are just waiting for a day or two of negative global cues to hammer down nifty below 4900.
Nifty levels for 23.12.09 Wednesday are: PIVOT 4979, R1 5004 & R2 5023, S1 4960 & S2 4934.
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