Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 5275 against its previous close of 5249, and is currently trading at 5279. It has so far recorded a HIGH of 5295 & a LOW of 5275. 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 5220-5310. Nifty is likely to close the day in negative for the third day.
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Market Close Report
3.30PM: Nifty futures closed the day at 5257, up 8 points, after touching a low of 5248 & a high of 5295.
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NIFTY OUTLOOK
Despite very positive global cues, nifty failed to touch 5300 & closed the day with almost no gains at 5249, up just 4 points. FIIs net bought 3041cr & DIIs too net bought 322cr. Nifty now is likely to slide towards its support zone of 5160 very shortly.
Nifty levels for 12.01.10 Tuesday are: PIVOT 5255, R1 5282 & R2 5314, S1 5222 & S2 5195.
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