Hello Readers / Visitors,
Nifty, surpassing 1 resistance & testing 2nd resistance. Nifty has stiff resistance at 2990 since last 2 days & was unable to close above that but yesterday once it crossed 2990 tested 3030, again a resistance. The volumes are too low since last 1 week & trading sessions are also witnessing range bound moves & all of sudden buying or sell off & again settles down.
Stock specific moves are seen & the stocks which has gained or lost yesterday may not participate in todays rally or sell off as the sectors are changed immediately. The outlook for today remains +ve but we may see profit booking at higher or resistance levels.
Nifty Intra day Levels : Close 3033
Supports : 2990, 2950, 2920
Resistances : 3060, 3080, 3110
As told in last few updates when Nifty crossed 2920 levels that there are higher chances of markets testing upper resistances of 3030 or 3110 in this pull back rally, hope u might have benefitted from this views.
RELIANCE INDUSTRIES UPDATE:
The stock is still trading in a very narrow range or price band from 1225 - 1265 since last many days, so there are no change in the technical levels.
Ril close : 1255
Supports : 1225, 1210, 1190
Resistances : 1265, 1275, 1290
PROVISIONAL TRADING FIGURES FOR 01 JANUARY 2009 IN RUPEES CRORES :
Fii +4
Institutions +160
Fii (deri) +4
NEWS: TODAY 5 SCRIPS IN CASH MARKETS WILL NOT HAVE ANY CIRCUIT FILTER AS DECLARED BY EXCHANGES,
As a part of Surveillance review and pursuant to a decision in the meeting held at SEBI, it has been decided that no Circuit Filter will be applicable to the following securities w.e.f January 02, 2009.
Sr.No.
ScripCode
ScripName
1
500877
Apollo Tyres Limited
2
500674
Aventies Pharma Ltd.
3
531807
ING Vysya Bank Ltd.
4
532921
Mundra Port and Special Economic Zone Ltd.
5
500308
Nirma Ltd.
6
500330
Raymond Ltd.
Trading Members are requested to take note of the same.
GOOD DAY , HAPPY TRADING
Regards,
Allies Financial Services
Website : http://alliesfin.blogspot.com/
Newsletters : http://groups.google.com/group/alliesfin
