Friday, January 8, 2010

DAILY REPORT ON NIFTY BY kadiyali - 08.01.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5270 against its previous close of 5266, and is currently trading at 5270. It has so far recorded a HIGH of 5276 & a LOW of 5256. Asian cues are positive, US futures are near flat, and European markets may open in positive today. The trading range for NF today is likely to be 5250-5310.

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Market Close Report

3.30PM: Nifty futures closed the day at 5258, down 6 points, after touching a low of 5236 & a high of 5286.

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NIFTY OUTLOOK

Nifty contined to face profit booking at higher levels, and closed the day at 5245, down 18 points. FIIs net bought 69cr & DIIs net bought 183cr. Nifty may make one more attempt to touch 5300 level before falling towards 5160.
Nifty levels for 11.01.10 Monday are: PIVOT 5252, R1 5269 & R2 5294, S1 5227 & S2 5210.





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