Nifty Futures 11AM Call
11AM: Nifty Futures opened today at 5225 against its previous close of 5215, and is currently trading at 5225. It has so far recorded a HIGH of 5235 & a LOW of 5210. Asian cues are positive, US futures are in green, and European markets may open slightly positive today. The trading range for NF today is likely to be 5170-5240.
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Market Close Report
3.30PM: Nifty futures closed the day at 5243, up 28 points, after touching a low of 5210 & a high of 5247.
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NIFTY OUTLOOK
04.01.10: Nifty today consolidated above 5200 for an attempt to break out above 5250, and closed the day at 5232, up 31 points. FIIs net bought 613cr & DIIs net bought 2330cr. Though nifty has been posting higher levels slowly & steadily with the help of FIIs & DIIs, lack of matching retail participation & reduced volumes at higher levels will hinder any rise of nifty above 5250.
Nifty levels for 05.01.10 Tuesday are: PIVOT 5212, R1 5258 & R2 5234, S1 5187 & S2 5141.
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