Market Views for 05 November 2009

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Allies Financial Services
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Market Views for 30 October 2009

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Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com

Market Views for 29 October 2009

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N i f T i e e intra day levels

Close : 4826

Supports : 4795 / 4777 / 4747

Resistances : 4848 / 4868 / 4888

Yesterday Nifty final support for the day was 4777 & made low of 4784 & bounced back sharply. These range 4747 - 4777 are very important support area in the near & may act as Trend Reversal levels. But if markets close below these then all such views are negated.

Also the Global Markets have started correcting after they saw the fall into Indian markets & most of the world markets are trading around 50 Dma ( 50 Days Moving Average ). Such Averages provides good supports to the markets in near term but the sentiments are -ve so as the fall.

Around 4747-4777 Nifty may be competing around 10% correction from recent top in just few days time. The Corresponding levels in Sensex can be around 16000 levels.

Provisional Fund Flow Figures Rupees Crores for 28 October 2009 :

Fii -724

Dii +896

Fii (derivatives) +373

Index Futures +119

Index Options +190

Stock Futures +62

Stock Options +2

Fii OI 76k Crores only.

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Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Email Group : Groups.Google.Com/group/AlliesFin

Market Views for 28 October 2009

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N i f T i e e Intraday levels :

Close : 4847
Supports : 4818 / 4797 / 4777
Resistances : 4888 / 4918 / 4949

A Sharp profit booking was seen in markets once Nifty broke 4950 levels with high volumes, a 100 to 125 points of Nifty sheded after these breakdown & managed to close at 4847.

Reality / Metals / Banking were the Top loosers among sectors. Yesterday RBI came out with Credit Policy & Repo Rate / Reverse Repo & CRR were unchanged while hiked SLR limit from 24% to 25%, the bankers welcomed the Credit policy but Bank Nifty was hammered from 9100 to 8700 & sheded only 400 points after the Credit Policy.

Nifty is currently testing 50 days DMA which is currently around 4830-4850 levels, this can act as mild support for the markets but the sentiments are -ve & markets may test lower supports as updated above. Also as updated earlier people & analyst were expecting the correction in markets & the same has happened. Nifty is down by 300-350 points from recent high & if sheds more 50-75 points then Nifty will complete correction by 10% in fast & furious way.

Provisional Fund Flow Figures Rupees Crores for 27 October 2009 :

Fii-549
Dii+142
Fii(deri)-1597
Idx Fut-1018
Idx Opt+189
Stk Fut-739
Stk Opt-26
Fii OI 76k.

Regards,

Allies Financial Services
Mumbai, India

Website : www.AlliesFin.BlogSpot.Com
Email Group : Groups.Google.Com/group/AlliesFin

Market Views for 26 October 2009

Hello Friends,

N i f T i e e intra day levels :
Close 4997
Supports 4977 / 4949 / 4919
Resistances 5015 / 5050 / 5085

Markets may find supports at lower levels & may catch up other Asian markets. Problems starts for Bulls once closes below final support levels as updated above.

Provisional Fund Flow Figures Rupees Crores for 23 October 2009 :

Fii -479
Dii +173
Fii (derivatives) -75
Index Futures +300
Index Options -626
Stock Futures +141
Stock Options +112
Fii OI 75k Crores only.

News:

* Markets may soon start from 9 Am to 5 Pm, along with Currency Markets.
* 3G Auction may start on 14 January 2010.
* Earnings catching up as Results season in on.

Regards,

Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com

Market Views for 22 October 2009

Hello Friends,

N i f T i e e intra day levels :
Close 5068
Supports : 5050 / 5025 / 4995
Resistances : 5085 / 5115 / 5151

After many days markets have taken a breather & have closed below 5100 levels. 5111-5151 acting as stiff resistance area as markets are unable to close above these. Also some selling figures are being reported from Fii after many days ?
So is this the warning bell for Bulls or the trend will change & again markets to test New highs ?

Sentimentally many people are away from the markets with lots of Cash in hand & also many analyst are avoiding buying aggressively due to highly overbought positions or High valuations. Last many days it was mainly the Fii who were buying & buying in the markets & driving the markets higher.

Techincally important supports are placed at 16800 & 5000 levels for Sensex & Nifty respectively. Close below this levels for 2 days may buck the uptrend in short term & we may see more selling pressure & fresh short positions build up in markets. Higher side if Nifty closes above 5151 & 17300 then we may see markets making new highs & test 5300/5400 - 17800/18000 on Nifty & Sensex respectively.


Provisional Fund Flow Figures Rupees Crores for 21 October 2009 :

Fii -512
Dii -292
Fii (derivatives) -1141
Index Futures -747
Index Options -302
Stock Futures -74
Stock Options -18
Fii OI 75k Crores only.

NEWS:

* Ril~Rnrl case to have everyday hearing untill they may find some Solution.

* Today Assembly Election Results will be out for Maharahstra, Haryana & Himachal Pradesh.

Regards,

Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com

Market Views for 21 October 2009

Hello Friends,

N i f T i e e intra day levels :
Close 5114
Supports : 5095 / 5075 / 5050
Resistances : 5135 / 5151 / 5177

Markets area gain consolidating in Narrow range of 50 points. Need to break either side for another big moves for 2-5%.

Provisional Fund Flow Figures Rupees Crores for 20 October 2009:

Fii+276
Dii-141
Fii(deri)-172
Idx Fut-363
Idx Opt+94
Stk Fut+103
Stk Opt+6
Fii OI 74k


Regards,

Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com

Market Views for 16 October 2009

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Click on this link to check out Nifty Intraday levels & Provisional Fii Nos.

Regards,

Allies Financial Services
Mumbai, India
Web : www.AlliesFin.BlogSpot.Com

Market Views for 15 October 2009

Hello Friends,

N i f T i e e intra day levels :
Close : 5118
Supports : 5095 / 5075 / 5050
Resistances : 5151 / 5171 / 5191

As updated in our previous Newsletters that once Nifty closes above 5015 levels we may see fresh buying in markets & since last 2 days we are witnessing the same thing as once 5015 was crossed on daily charts we saw fresh buying as well as huge short covering.

2 day markets may test higher resistance levels as Global markets are supportive like Dow crossed & closed above 10000 mark, Hangsang Crossing 22000 mark & so on. So now will Sensex cross 18000 mark by Diwali ??? At 17200 markets are just 4000 points away from life highs.

Sector specific moves are seen in markets like Auto / Banking / Capital Goods / Metals / Reality stocks are on move while Telecom are laggards due to very bad sentiments. As told earlier there would be re-rating in many sectors / stocks after results & such re-rating would make the PE more comfortable & we may see some rally in the markets due to such re-rating.

Re/$ update : Re close to hit 46 mark as this was our 1st target, read more on our website www.AlliesFin.BlogSpot.com ,

Stocks in News 4 Intraday : Reliance inds, Hdil, Jm Fin, Phoenix Mills, Elecon Engg, Mnm, Tatamotors , Sbi, Hdfc Bank, Lnt , Jindal Steel & Power & so on....

Provisional Fund Flow Figures Rupees Crores for 14 October 2009 :

Fii +1444
Dii -192
Fii(derivatives) +289
Index Futures +339
Index Options +314
Stock Futures -363
Stock Options -1
Fii OI 71k Crores only.

Good Day

Regards,

Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin