HOW TO TRADE IN NIFTY BY USING MY TRADING RANGE?

Guidelines for Nifty Trading

Readers of this blog  can trade in nifty based on my NF trading range given by me every trading day at 10.30AM, with the following guidelines:

1. Just jot down the expected trading range given by me (say 4860-5020), and also the open level of nifty futures(say 4867).

2. If open level of NF is near to the low of my trading range, go LONG.

3. If open level of NF is near to the high of my trading range, go SHORT.

4. If open level of NF is near to the middle of the trading range, dont trade that day.

5. If you are going LONG, put SL 5 points below the low of my trading range.

6. If you are going SHORT, put SL 5 points above the high of my trading range.

7. Take the trade at such a level that your SL is within 30 points.

EXAMPLE: For Friday, the budget day, the trading range released by me at 10.30AM was 4860-5020. The open level was 4867, and the level trading at the time of release of my message was 4883. You find the open level of 4867 was very near to the low of my trading range, that is 4860. Hence the decision was to go LONG. The SL was 4860-5 = 4855, which allows you to take the trade upto a level of 4885. And on Friday, after my release of the trading range, NF traded below 4885 so many times till almost 12 Noon. The result of the said LONG trade was 100+ points gain, as NF went to a high of 5002.

Readers can trade in nifty based on my above guidelines for next 10 trading days, and see to themselves that such trade can result in  gain of 7 out of 10 trades.

Regards.

kadiyali.

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

NIFTY SMS GROUP TRADES

                                                   Feb 10     Jan 10       2010

A. Total Trades:                      16             15              31

B. Winning Trades:               13              11              24

C. Losing Trades:                     3                4                 7

D. Points Gained:                338           283            621

E. Points Lost:                         53             57            110

F. Net Gain:                           285           226            511

     

WEEKLY REPORT ON NIFTY BY kadiyali - 27.02.10 (Saturday)

WEEK GONE BY

Nifty remained locked in a tight range for the first 4 days of the week due to matching strength of bulls & bears. However, the Union Budget on the last day of the week gave the bulls an edge, and nifty rallied almost to 5000. Due to profit booking in the last hour's trades ahead of a long weekend, nifty closed the week at 4922, up 77 points. Nifty nearly traded in the range indicated by me in my last weekly report by trading in a range of 4833-4992 against the range of 4810-5020 given by me. The high of the week of 4992 was recorded on Friday, and the low of the week of 4833 was touched on Tuesday.

WEEK AHEAD

Having been able to close the week in positive territory for the last 3 weeks, and also having recorded a monthly positive close now, Nifty will surge further though slowly, and record yet another weekly positive close. Monday being a trading holiday, we will see one more range bound week. The trading range for the week is likley to be 4880-5040.

STOCK RECOMMENDATION

My stock pick for this week is PROVOGUE (INDIA) LTD.

Provogue (India) - CMP 49 - FV 2 - EQ 23 Cr - 52 Weeks High 75  - 52 Weeks Low 26 - Life time High 292 -  EPS for 03/09 Rs 2.53 - Estimated EPS for 03/10 Rs 3.20.

BUY this share for long term investment & enjoy a new life time high beyond 300 in 2-3 years.

OPTION RECOMMENDATION

My Options pick for the week ahead is Nifty Call Option 5000CE (cmp 88). BUY this option below 70 for a target of 120-150.

NIFTY SMS GROUP TRADES

                                              Feb 10     Jan 10     2010

A. Total Trades:                 16             15            31

B. Winning Trades:            13           11           24

C. Losing Trades:                  3             4              7

D. Points Gained:            338          283         621

E. Points Lost:                     53            57         110

F. Net Gain:                        285         226         511

   

DAILY REPORT ON NIFTY BY kadiyali - 26.02.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4867 against its previous close of 4863, and is currently trading at 4880. It has so far recorded a HIGH of 4884 & a LOW of 4865.

Asian cues are mixed, US futures are in green, and European markets may open in positive today.

The trading range for NF today is likely to be 4860-5020.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4935, up 72 points, after touching a low of 4865 & a high of 5002.

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

NIFTY OUTLOOK

Aided by positive Budget proposals, nifty came out of the last 4 days' tight range, and rallied to touch almost 5000 before closing the day at 4922, up 62 points. Nifty will now have good support at 4880, its earlier resistance.
Nifty levels for 02.03.10 Tuesday are: PIVOT 4924, R1 4990 & R2 5058, S1 4856 & S2 4791.

 

DAILY REPORT ON NIFTY BY kadiyali - 25.02.10 (Thursday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4870 against its previous close of 4862, and is currently trading at 4839. It has so far recorded a HIGH of 4875 & a LOW of 4835. Asian cues are mixed, US futures are in red, and European markets may open slightly negative today. The trading range for NF today is likely to be 4830-4910, with a strong possibility of short coverings in the last 2-3 hours of trading.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4860, down 2 points, after touching a low of 4832 & a high of 4875.

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

NIFTY OUTLOOK

Nifty continued its tight range trade for the 4th day today ahead of the Union Budget slated tomorrow, and closed the day at 4860, up just 1 point. Expect a highly volatile trade on the last day of the week, being the budget day, with nifty likely to fall by 50 points in the open, and recovering from the lows by a wide margin.
Nifty levels for 26.02.10 Friday are: PIVOT 4858, R1 4881 & R2 4903, S1 4837 & S2 4814.

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

DAILY REPORT ON NIFTY BY kadiyali - 24.02.10 (Wednesday)

Nifty Futues 10.30AM Call

10.30AM: Nifty Futures opened today at 4846 against its previous close of 4870, and is currently trading at 4869. It has far recorded a HIGH of 4878 & a LOW of 4842. Asian cues are negative, US futures are in green, and European markets may open just flat today. The trading range for NF today is likely to be 4810-4880.

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

Market Close Report

Nifty futures closed the day at 4866, down just 4 points, after touching a low of 4842 & a high of 4884.

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

NIFTY OUTLOOK

Nifty again consolidated above 4850 in a tight range trading, and closed the day at 4859, down 11 points. FIIs net bought 485cr & DIIs net sold 155cr. Nifty now has good support at 4830, so accumulation of longs near to this level is suggested for a target of 5020/5200.
Nifty levels for 25.02.10 Thursday are: PIVOT 4858, R1 4881 & R2 4904, S1 4835 & S2 4812.

DAILY REPORT ON NIFTY BY kadiyali - 23.02.10 (Tuesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4832 against its previous close of 4856, and is currently trading at 4867. It has so far recorded a HIGH of 4878 & a LOW of 4830. Asian cues are mixed, US futures are just flat, and European markets may open in slight positive today. The trading range for NF is likely to be 4830-4910.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4880, up 24 points, after touching a low of 4830 & a high of 4889.

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

NIFTY OUTLOOK

Nifty consolidated above 4850 level for the second day today, well absorbing the selling pressure, and closed the day at 4870, up 14 points. FIIs net bought 551cr & DIIs net sold 179cr. Nifty is heading towards its pull back target of 5020.
Nifty levels for 24.02.10 Wednesday are: PIVOT 4862, R1 4892 & R2 4913, S1 4841 & S2 4811.

DAILY REPORT ON NIFTY BY kadiyali - 22.02.10 (Monday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened the day gap up at 4905 against its previous close of 4845, and is currently trading at 4900. It has so far recorded a HIGH of 4917 & a LOW of 4896. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4890-4940, in a range bound trading.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4850, up 5 points, after touching a low of 4849 & a high of 4917.

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

NIFTY OUTLOOK

Nifty had a gap up opening, gaining almost 60 points in the opening, but could not hold on to the gains, losing almost the entire gap, before closing the day with a minor gain, at 4856, up 11 points. The last 3 days of the current expiry may produce unexpected short coverings.
Nifty levels for 23.02.10 (Tuesday) are: PIVOT 4871, R1 4897 & R2 4938, S1 4831 & S2 4805.

WEEKLY RERPORT ON NIFTY BY kadiyali - 20.02.10 (Saturday)

WEEK GONE BY

Nifty had a zig zag trade in this week, with both bulls & bears controlling the market turn by turn, but bulls managed to give nifty a positive close though with a small margin. Nifty ended the week at 4845, up 18 points from previous week close. Against the trading range of 4740-4970 indicated by me in my last weekly report, nifty traded in the range of 4783-4922, with the high of the week of 4922 touching on Thursday & the low of the week of 4783 recording on Monday.

WEEK AHEAD

In a market where the strength of both bulls & bears has become almost equal, nifty is finding hard either to fall or to rise. However, the Union Budget during the week ahead may give a slight edge to the bulls. Nifty may succeed in just touching a level of 5000 during the week, but may close the week in positive with only minor gains. The trading range for the week is likely to be 4810-5020.

STOCK RECOMMENDATION

My stock pick for this week is INDSIL HYDRO POWER.

BUY Indsil Hydro Power - FV 10 - CMP 65 - EQ 9.45 Cr - EPS for 06/09 Rs 3 - Expected EPS for 06/10 Rs 12-15.

Buy this share in a lot of 200 (or multiples thereof), sell 100 when the stock price doubles, and retain the balance for long term.

OPTION RECOMMENDATION

My Options recommendation for this week is Suzlon stock option call 75CA (cmp 0.55). 

BUY this stock option around cmp for a target of 2/3.

NIFTY SMS GROUP TRADES - 2010

                                                Feb 10    Jan 10    2010

A. Total Trades:                    11           15           26

B. Winning Trades:               9            11           20

C. Losing Trades:                   2              4             6

D. Points Gained:              228         283         511

E. Points Lost:                       46           57         103

F. Net Gain:                          182        226          408

DAILY REPORT ON NIFTY BY kadiyali - 19.02.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today gap down at 4840 against its previous close of 4886, and is currently trading at 4835. It has so far recorded a HIGH of 4847 & a LOW of 4831. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for NF is likely to be 4780-4850.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4848, down 38 points, after touching a low of 4797 & a high of 4884.

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

NIFTY OUTLOOK

Nifty had a gap down opening today, slided further 40 points down from opening level, but rebounded smartly to cover the entire loss of the day, before yielding to profit booking, and closed the day at 4845, down 43 points. FIIs net bought 17cr & DIIs net sold 397cr. The current pull back of nifty may see 5000 level shortly.
Nifty levels for 22.02.10 Monday are: PIVOT 4846, R1 4886 & R2 4928, S1 4804 & S2 4764.

DAILY REPORT ON NIFTY BY kadiyali - 16.02.10 (Tuesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4807 against its previous close of 4795, and is currently trading at 4801. It has so far recorded a HIGH of 4813 & a LOW of 4788. Asian cues are mixed, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4780-4840.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4990, up 95 points, after touching a low of 4788 & a high of 4893.

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

NIFTY OUTLOOK

Nifty continued its rangebound trade even today, but the last half an hour trade led to short covering, and nifty closed the day with good gains at 4856, up 56 points. FIIs net bought 385cr & DIIs net sold 452cr. Today's rally may get into a pre budget rally in a day or two.
Nifty levels for 17.02.10 Wednesday are: PIVOT 4842, R1 4893 & R2 4931, S1 4805 & S2 4754.

DAILY REPORT ON NIFTY BY kadiyali - 15.02.10 (Monday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4837 against its previous close of 4828, and is currently trading at 4817. It has so far recorded a HIGH of 4840 & a LOW of 4804. Asian cues are mixed, US futures are in green, and European markets may open little changed today. The trading range for NF today is likely to be 4780-4850.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4795, down 33 points, after touching a low of 4777 & a high of 4840. 

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

NIFTY OUTLOOK

Nifty had a rangebound trade today, and closed the day at 4802, down 25 points. FIIs net bought 196cr & DIIs net sold 114cr. As FIIs' sales have paused, nifty may not fall below 4740 for the remaining trading days of this expiry.
Nifty levels for 16.02.10 Tuesday are: PIVOT 4810, R1 4837 & R2 4872, S1 4775 & S2 4749.

WEEKLY REPORT ON NIFTY BY kadiyali - 13.02.10 (Saturday)

WEEK GONEBY

After recording weekly negative close for the last 3 weeks, Nifty managed to close the week in green, aided partly by short coverings & partly by positive global cues. Nifty closed the week at 4827, up 70 points. Nifty traded the week almost in the trading range indicated by me in my last weekly report, by trading in the range of 4675-4843 against the range of 4670-4810 indicated by me. The low of the week of 4675 was recorded on Monday, and the high of the week of 4843 was touched on Thursday. Friday was a trading holiday.

WEEK AHEAD

Nifty will begin a small pre budget rally during next week, and will trade with a positive bias. It will also continue its positive weekly close. The trading range for the week is likely to be 4740-4970.

STOCK RECOMMENDATION

My stock pick for this week is GTL INFRA (cmp 41).

BUY GTL Infra - CMP 41 - FV 10 - EQ 957cr - 52 weeks high 49.70 - All time high 106.50 - 52 week low 27.60. Once this company records an EPS of 2 for any year, the share price will cross 3 figures mark, because of a high industry P/E of more than 50. The recent take over of tower business of AIRCELL will enable this company to get into positive quarterly results, quarter after quarter, starting from Q3 quarter of the current financial year.

OPTION RECOMMENDATION

My Options recommendation for the week is Nifty call option 4900CE.

BUY Nifty call 4900CE (cmp 57) below 50 for a target of 100.

NIFTY SMS GROUP TRADES - 2010

                                         This Month  Jan 2010  For 2010

A. Total Trades:                 7                     15                22

B. Winning Trades:          5                      11                16

C. Losing Trades:              2                        4                  6

D. Points Gained:           136                    283            419

E. Points Lost:                   46                       57            103

F. Net Gain:                        90                     226            316

DAILY REPORT ON NIFTY BY kadiyali - 11.02.10 (Thursday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4785 against its previous close of 4751, and is currently trading at 4823. It has so far recorded a HIGH of 4843 & a LOW of 4782. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4780-4870.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4832, up 81 points, after touching a low of 4782 & a high of 4849.

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

NIFTY OUTLOOK

Nifty today traded above its current supply zone of 4820 for a substantial part of the day, duly absorbing the supplies, and closed the day at 4827, up 70 points. FIIs net bought 212cr & DIIs net bought 61cr. Nifty may produce a pre budget rally next week, giving a deceptive feeling of a trend reversal.
Nifty levels for 15.02.10 Monday are: PIVOT 4809, R1 4861 & R2 4896, S1 4775 & S2 4723.

 

DAILY REPORT ON NIFTY BY kadiyali - 10.02.10 (Wednesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4814 against its previous close of 4782, and is curently trading at 4783. It has so far recorded a HIGH of 4820 & a LOW of 4751. Asian cues are mixed, US futures are in red, and European markets may open in positive today. The trading range for NF today is likely to be 4720-4830.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4756, down 37 points, after touching a low of 4740 & a high of 4823.

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

NIFTY OUTLOOK

Nifty faced heavy supplies at its resistance zone of 4810-20 today, and lost all the gains of the day to close the day at 4757, down 35 points. Nifty may remain in its tight range of 4670-4820 for one or two days, before possibly getting into a small pre budget rally.
Nifty levels for 11.02.10 Thursday are: PIVOT 4777, R1 4807 & R2 4856, S1 4728 & S2 4699.

DAILY REPORT ON NIFTY BY kadiyali - 09.02.10 (Tuesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4754 against its previous close of 4764, and is currently trading at 4783. It has so far recorded a HIGH of 4789 & a LOW of 4735. Asian cues are mixed, US futures are in green, and European markets may open in negative today. The trading range for NF today is likely to be 4690-4810.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4788, up 24 points, after touching a low of 4735 & a high of 4818.

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

NIFTY OUTLOOK

Nifty posted a positive close for the third day today, and closed the day at 4792, up 32 points. FIIs net sold 525cr & DIIs net bought 399cr. Nifty may get into a pre budget rally from next week.
Nifty levels for 10.02.10 Wednesday are: PIVOT 4781, R1 4822 & R2 4851, S1 4751 & S2 4710.

DAILY REPORT ON NIFTY BY kadiyali - 08.02.10 (Monday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4723 against its previous close of 4749, and is currently trading at 4729. It has so far recorded a HIGH of 4763 & a LOW of 4717. Asian cues are negative, US futures are just flat, and European markets may open in positive today. The trading range for NF today is likely to be 4690-4780.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4766, up 17 points, after touching a low of 4667 & a high of 4806.

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

NIFTY OUTLOOK

Nifty had a volatile session today, losing 80 points in the morning session, but recovering more than 100 points from the day's low, only to close the day near flat, at 4760, up just 3 points. FIIs net sold 935cr & DIIs net bought 381cr. Nifty will continue its indecisiveness for some more trading days before deciding which way to proceed - down or up.
Nifty levels for 09.02.10 Tuesday are: PIVOT 4795, R1 4814 & R2 4868, S1 4691 & S2 4621.

WEEKLY REPORT ON NIFTY BY kadiyali - 06.02.10 (Saturday)

WEEK GONE BY

As indicated in my last weekly report, Nifty continued its negative bias & recorded its third consecutive weekly negative close. Nifty closed the week at 4757, down 125 points. Against the trading range of 4680-4910 indicated by me, Nifty traded in the range of 4692-4951. The high of the week of 4951 was recorded on Tuesday, and the low of 4692 on Friday. With this, nifty lost slightly more than 600 points from its recent peak of 5310.

WEEK AHEAD

For the week ahead, nifty will show its indecisiveness to bounce back or fall further, by trading in a tight range of less than 150 points. It may close for the week NEAR FLAT. The trading range for the week is likely to be 4670-4810.

STOCK RECOMMENDATION

My stock pick for the week is SUZLON (cmp 73). BUY this share at around 70 for a short term target of 90.

OPTION RECOMMENDATION

Watch the price of Nifty Call Option 4800CE (cmp 93). BUY this option around 50 for a target of 120-150.

NIFTY SMS TRADES - 2010

                                             06/02/10    29/01/10    For 2010

A. Total Trades:                   4                    15                    19  

B. Winning Trades:            3                     11                     14  

C. Losing Trades:                 1                      4                       5  

D. Points Gained:               62                283                    345  

E. Points Lost:                     26                  57                       83  

F. Net Gain:                          36                226                     262 

DAILY REPORT ON NIFTY BY kadiyali - 05.02.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today gap down at 4731 against it previous close of 4833, and is currently trading at 4722. It has so far recorded a HIGH of 4754 & a LOW of 4714. 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 4680-4760.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4703, down 130 points, after touching a low of 4687 & a high of 4754.

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

NIFTY OUTLOOK

Nifty had another day of gap down opening, and trades 50 points above & below the opening level, and closed the day at 4718, down 127 points. FIIs net sold 1726cr & DIIs net bought 1169cr. Nifty may trade in a tight range for a week before deciding on its further journey.
Nifty levels for 08.02.10 Monday are: PIVOT 4746, R1 4799 & R2 4880, S1 4665 & S2 4611.

DAILY REPORT ON NIFTY BY kadiyali - 04.02.10 (Thursday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4904 against its previous close of 4925, and is currently trading at 4879. It has so far recorded a HIGH of 4908 & a LOW of 4871. Asian cues are negative, US futures are just flat, and European markets may open slightly in positive today. The trading range for NF today is likely to be 4840-4920.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4838, down 87 points, after touching a low of 4824 & a high of 4908.

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

NIFTY OUTLOOK

Nifty resumed its downward journey today, and closed the day at 4845, down 87 points. FIIs net sold 155cr & DIIs net bought 241cr. Nifty may reach its downward target of 4700 next week.
Nifty levels for 05.02.10 Friday are: PIVOT 4870, R1 4907 & R2 4969, S1 4808 & S2 4771.

DAILY REPORT ON NIFTY BY kadiyali - 03.02.10 (Wednesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4844 against its previous close of 4821, and is currently trading at 4899. It has so far recorded a HIGH of 4903 & a LOW of 4844. Asian cues are positive, US futures are just flat, and European markets may open in positive today. The trading range for NF is likely to be 4840-4960.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4922, up 101 points, after touching a low of 4844 & a high of 4949.

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

NIFTY OUTLOOK

Aided by short coverings & positive global cues, nifty recovered more than 100 points today to close the day at 4932, up 102 points. FIIs net bought 396cr & DIIs net bought 1cr. After losing more than 400 points from its recent high, nifty seems to be resisting a vertical fall.
Nifty levels for 04.02.10 Thursday are: PIVOT 4904, R1 4977 & R2 5022, S1 4859 & S2 4786.

 

DAILY REPORT ON NIFTY BY kadiyali - 02.02.10 (Tuesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4937 against its previous close of 4899, and is currently trading at 4886. It has so far recorded a HIGH of 4939 & a LOW of 4878. Asian cues are positive, US futures are in red, and European markets may open slightly in negative today. The trading range for NF today is likely to be 4870-4960.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4818, down 81 points, after touching a low of 4807 & a high of 4939. 

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

NIFTY OUTLOOK

Nifty turned bearish today after 3 days' pause, and closed the day at 4830, down 69 points. FIIs net sold 455cr & DIIs net bought 42cr. Nifty's current slide is likely to see a target of 4600.
Nifty levels for 03.02.10 Monday are: PIVOT 4865, R1 4916 & R2 5002, S1 4779 & S2 4728.

DAILY REPORT ON NIFTY BY kadiyali - 01.02.10 (Monday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 4847 against its previous close of 4875, and is currently trading at 4869. It has so far recorded a HIGH of 4887 & a LOW of 4822.  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 4820-4930.

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

Market Close Report

3.30PM: Nifty futures closed the day at 4901, up 26 points, after touching a low of 4822 & a high of 4924.

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

NIFTY OUTLOOK

Nifty continued its positive close with small gains for the third day today, and closed at 4899, up 17 points. FIIs net sold 494cr & DIIs net bought 200cr. After 3 days of pausing in the slide, nifty is likely to continue the slide shortly.
Nifty levels for 02.02.10 Tuesday are: PIVOT 4882, R1 4937 & R2 4973, S1 4945 & S2 4790.