Tuesday, February 16, 2010

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.

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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.

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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.



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