Tuesday, February 9, 2010

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.

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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.

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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.




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