Hello Readers / Visitors,
As expected profit booking seen on last Friday once Nifty spot tested 3080 resistance levels & managed to close at 3047. On Friday eve stimulas pack was out & many hype has been built up about markets opening on Monday as people expect Gap up opening in range of 3100-3130.
Nifty close : 3047
Supports : 3030, 2990, 2950
Resistances : 3080, 3110, 3150
RELIANCE INDUSTRIES UPDATES :
Ril after many days of consolidation managed to cross & close above 1275 levels with volumes too.
Ril close 1286
Supports : 1270, 1250, 1225
Resistances : 1295, 1310, 1335
PROVISIONAL CASH FIGURES FOR 02 JANUARY 2009 IN RUPEES CRORES :
Fii +121
Dii +239
Fii (derivatives) +416
Idx fut +44
Idx opt +247
Stk fut +12
Stk opt +113
SO A GAP UP OPENING EXPECTED BUT WILL THE MARKETS SUSTAIN HIGHER LEVELS IS BIG ? AS ON EVERY IMP RESISTANCES PROFIT BOOKING STARTS & AFTER THIS PACK THE EVENTS TO HELP MARKETS MOVE UP MAY BE FUEL PRICE CUT, PRE BUDGET OR PRE ELECTION RALLY & THE WEAKER SIDE COULD BE WEAK RESULTS FROM COS. MAY BE THE BUDGET MAY NOT BE ACCOUNTIBLE FOR THIS ELECTION YEAR.
GOOD DAY, HAPPY TRADING
Regards,
Allies Financial Services
Website : http://alliesfin.blogspot.com/
Email Group : http://groups.google.com/group/alliesfin
