Wednesday, March 3, 2010

DAILY REPORT ON NIFTY BY kadiyali - 03.03.10 (Wednesday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5032 against its previous close of 5022, and is currently trading at 5049. It has so far recorded a HIGH of 5057 & a LOW of 5024. Asian cues are positive, US futures are just flat, and European markets may open slightly in negative today. The trading range for NF today is likely to be 5020-5090.

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Market Close Report

3.30PM: Nifty futures closed the day at 5082, up 60 points, after touching a low of 5024 & a high of 5089.

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NIFTY OUTLOOK

Nifty surged ahead further today to post its consecutive 3rd day of decent gains, and closed the day at 5088, up 71 points. FIIs net bought 959cr & DIIs net sold 187cr. Nifty is heading towards a target of 5200 now.
Nifty levels for 04.03.10 Thursday are: PIVOT 5065, R1 5116 & R2 5144, S1 5038 & S2 4987.


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