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