Tuesday, December 29, 2009

DAILY REPORT ON NIFTY BY kadiyali - 29.12.09 (Tuesday)

Nifty Futures 11AM Call

11AM: Nifty Futures opened today at 5191 against its previous close of 5185, and is currently trading at 5194. It has so far recorded a HIGH of 5202 & a LOW of 5175. Asian cues are slightly negative, US futures are just flat, and European markets may open near flat today. The trading range for NF is likely to be 5140-5210 today.

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Market Close Report

3.30PM: Nifty futures closed the day at 5195, up 10 points, after touching a low of 5175 & a high of 5224.

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NIFTY OUTLOOK

Nifty posted a positive close for the 4th day today, and closed the day at 5188, up 10 points. FIIs net sold 53cr & DIIs net bought 3cr. Though nifty is in a rising mood, the Dec expiry due on 31st is capping the further rise for the month.
Nifty levels for 30.12.09 Wednesday are: PIVOT 5193, R1 5210 & R2 5231, S1 5171 & S2 5154.




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