Wednesday, February 3, 2010

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.

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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.

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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.

 

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