Monday, January 25, 2010

DAILY REPORT ON NIFTY BY kadiyali - 25.01.10 (Monday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4996 against its previous close of 5019, and is currently trading at 4988. It has so far recorded a HIGH of 5012 & a LOW of 4976. Asian cues are negative, US futures are in green, and European markets may open in negative today. The trading range for NF today is likely to be 4970-5080.

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Market Close Report

3.30PM: Nifty futures closed the day at 4992, down 27 points, after touching a low of 4976 & a high of 5039.

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NIFTY OUTLOOK

Nifty continued its losing streak for the fifth day today, and closed the day at 5008, down 28 points. FIIs net sold 1002cr & DIIs net bought 716cr. Nifty will have a highly volatile trade for the next 2 trading days, being the last two days of this expiry.
Nifty levels for 27.01.10 Wednesday are: PIVOT 5009, R1 5035 & R2 5061, S1 4982 & S2 4956.




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