Thursday, February 4, 2010

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.

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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.

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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.




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