Wednesday, January 27, 2010

DAILY REPORT ON NIFTY BY kadiyali - 27.01.10 (Wednesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4933 against its previous close of 5002, and is currently trading at 4946. It has so far recorded a HIGH of 4963 & a LOW of 4925. Asian cues are mixed, US futures are near flat, and European markets may open in negative today. The trading range for NF is likely to be 4920-5010.

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Market Close Report

3.30PM: Nifty futures closed the day at 4835, down 167 points, after touching a low 4832 & a high of 4963.

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NIFTY OUTLOOK

Nifty again nosedived with record volume & closed the day at 4853, down 155 points. FIIs net sold 2212cr & DIIs net bought 1475cr. The liquidity driven 'bear market rally' seems to be over now all over the world.
Nifty levels for 28.01.10 Thursday are: PIVOT 4898, R1 4963 & R2 5074, S1 4788 & S2 4723.

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