Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 4993 against its previous close of 4989, and is currently trading at 5046. It has so far recorded a HIGH of 5048 & a LOW of 4993. Asian cues are positive, US futures are in green, and European markets may open today in positive. The trading range for NF today is likely to be 4940-5090. Nifty will trade in positive for a major part of the day but may see sell of towards the end.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 14
B. Winning Trades: 8
C. Losing Trades: 6
D. Points Gained: 231
E. Points Lost: 117*
F. Net Gain: 114
* includes today's loss of 31 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5157, up 168 points, after touching a low of 4993 & a high of 5161.
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Nifty Outlook
Nifty rided on the back of shortcoverings today to notch up the biggest intraday gain since May, and closed the day at 5144, up 158 points. FIIs net bought 769cr & DIIs net bought 13cr. Nifty is likely to retest the earlier high of 5182 once again.
Nifty levels for 24.12.09 Thursday are: PIVOT 5095, R1 5200 & R2 5256, S1 5039 & S2 4934.
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