Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 4990 against its previous close of 5084, and is currently trading at 5007. It has so far recorded a HIGH of 5011 & a LOW of 4946. Asian cues are negative, US futures are just flat, and European markets may open in negative today. The trading range for NF today is likely to be 4940-5090.
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Market Close Report
3.30PM: Nifty futures closed the day at 5014, down 70 points, after touching a low of 4946 & a high of 5074.
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NIFTY OUTLOOK
Nifty more than achieved its downward target of 5030 by touching a low of 4954, but recovered above 5000 quickly, and closed the day at 5036, down 58 points. FIIs net sold 2415cr & DIIs net bought 1954cr. Nifty will now show some pull back slightly above 5100 due to nearness to this month expiry, but may resume the downtrend again if global cues continue to be negative.
Nifty levels for 25.01.10 Monday are: PIVOT 5028, R1 5102 & R2 5168, S1 4962 & S2 4889.
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