Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5159 against its previous close of 5156, and is currently trading at 5154. It has so far recorded a HIGH of 5179 & a LOW of 5143. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 5140-5190 in a rangebound trade.
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Nifty SMS Group Trades - Dec 09
A. Total Trades: 15
B. Winning Trades: 8
C. Losing Trades: 7
D. Points Gained: 231
E. Points Lost: 142*
F. Net Gain: 89
* includes today' s loss of 25 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5177, up 21 points, after touching a low of 5136 & a high of 5209.
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NIFTY OUTLOOK
Nifty continued its upmove today and closed the day at 5178, up 34 points. FIIs net bought 707cr & DIIs net sold 111cr. Nifty has been maitaining the higher valuation levels due to the extra liquidity caused by FIIs inflow, and could scale higher levels after the Dec expiry, enabling DIIs & retail investors to exit at good levels. Govt may utilise the situation to tax P-Notes investments of FIIs to compensate shortfall in indirect tax collections.
Nifty levels for 29.12.09 Tuesday are: PIVOT 5168, R1 5208 & R2 5237, S1 5139 & S2 5099.
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