Wednesday, January 20, 2010

DAILY REPORT ON NIFTY BY kadiyali - 20.01.10 (Wednesday)

Nifty Futures 10.30AM Call

Nifty futures opened today at 5233 against its previous close of 5220, and is currently trading at 5238. It has so far recorded a HIGH of 5247 & a LOW of 5231. Asian cues are mixed, US futures are in red, and European markets may open near flat today. The trading range for NF today is likely to be 5180-5250.

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Market Close Report

3.30PM: Nifty futures closed the day at 5214, down 6 points, after touching a low of 5195 & a high of 5247.

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NIFTY OUTLOOK

Nifty recorded its 14th consecutive day of closing in 5200-5300 range, and closed the day at 5222, down just 4 points. FIIs net sold 271cr & DIIs net bought 344cr. Nifty has been breaching its previous day's low for the last three days.
Nifty levels for 21.01.10 Thursday are: PIVOT 5227, R1 5252 & R2 5282, S1 5196 & S2 5171.





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