Thursday, January 21, 2010

DAILY REPORT ON NIFTY BY kadiyali - 21.01.10 (Thursday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5192 against its previous close of 5214, and is currently trading at 5199. It has so far recorded a HIGH of 5207 & a LOW of 5186. Asian cues are negative, US futures are in green, and European markets may open slightly in positive today. The trading range for NF today is likely to be 5160-5220.

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Market Close Report

3.30PM: Nifty futures closed the day at 5085, down 129 points, after touching a low of 5072 & a high of 5207.

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NIFTY OUTLOOK

Nifty at last slided down from its 15 days range of 5200-5300, and closed the day with a big fall at 5094, down 128 points. FIIs net sold 854cr & DIIs net bought 231cr. Nifty is right now on its track to achieve its downward target of 5030.
Nifty levels for 22.01.10 Friday are: PIVOT 5133, R1 5181 & R2 5268, S1 5046 & S2 4998.




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