Friday, March 19, 2010

DAILY REPORT ON NIFTY BY kadiyali - 19.03.10 (Friday)

Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5255 against its previous close of 5254, and is currently trading at 5260. It has so far recorded a HIGH of 5263 & a LOW of 5251. Asian cues are positive, US futures are just flat, and European markets may open in slight positive today. The trading range for NF today is likely to be 5230-5270. Nifty is in an over bought zone, and may correct sharply any time before expiry.

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Market Close Report

3.30PM: Nifty futures closed the day at 5269, up 14 points, after touching a low of 5248 & a high of 5281.

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