Hello Friends,
Today again markets traded in same range as we are discussing since last few trading sessions. We are not updating Index charts as they no great changes in the views until we come out of this trading range.
One thing is being noticed today that some distribution pattern has been seen in many Index based stocks which were so long holding firm. Some of the names are :
Reliance Industries
Sbi
Hdfc Ltd
Hdfc Bank
Bharti Airtel
Infosys
Tcs
HeroHonda
Lnt
Bhel
In some cases clear weak signals are being given on Charts while in some cases we need to wait for 2 to 3 trading sessions for clear signals.
Disclosure : Our Premium Clients have Overnight Positional Short Positions in few Stocks discussed above.
PROVISIONAL FUND FLOW FIGURES IN RUPEES CRORES FOR 05 FEB 2009 :
Fii -28
Dii -101
Fii (Derivatives) -80 (net)
Index Futures -221
Index Options -62
Stock Futures +135
Stock Options +68
Regards,
Allies Financial Services
Website : http://www.AlliesFin.BlogSpot.Com/
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