Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 5293 against its previous close of 5288, and is currently trading at 5276. It has so far recorded a HIGH of 5293 & a LOW of 5270. Asian cues are mixed, US futures are in red, and European markets may open in negative today. The trading range for NF today is likely to be 5240-5300.
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Market Close Report
3.30PM: Nifty futures closed the day at 5259, down 29 points, after touching a low of 5245 & a high of 5293.
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NIFTY OUTLOOK
Nifty retraced from 5300 level for the second day today, and closed the day in negative at 5263, down 19 points. FIIs net bought 92cr & DIIs net sold 127cr. Nifty has a supply zone around 5300 now, and if it does not surpass this level in one or two days, nifty may test its support level of 5160.
Nifty levels for 08.01.10 Friday are: PIVOT 5270, R1 5295 & R2 5328, S1 5238 & S2 5212.
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