Friday, January 29, 2010

DAILY REPORT ON NIFTY BY kadiyali - 29.01.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty futures opened today at 4826 against its previous close of 4872, and is currently trading at 4796. It has so far recorded a HIGH of 4844 & a LOW of 4790. Asian cues are negative, US futures are in red, and European markets may open slighlty in negative today. The trading range for NF today is likely to be 4760-4850.

-------------------------------------------------------------------

Market Close Report

3.30PM: Nifty futures closed the day at 4886, up 14 points, after touching a low of 4757 & a high of 4889.

-------------------------------------------------------------------

NIFTY OUTLOOK

Nifty continued its volatality for the second day, falling 100 points from previous close in the first session, only to recover from the day's low more than 100 points, and closed the day at 4882, up 15 points. FIIs net sold 996cr & DIIs net bought 1011cr. Nifty will resume its slide from next week after aggressive buying by DIIs stalled the fall for last 2 days.
Nifty levels for 01.02.10 Monday are: PIVOT 4847, R1 4928 & R2 4975, S1 4800 & S2 4719.



No comments:

Post a Comment