Markets were in Profit booking mode Pre & Post Budget sessions. Updated here with Nifty weekly charts where it clearly shows Channel Trendline resistance. In our previous posts we have mentioned about Fibo resistance levels close to 2955. Also Multiple tops were also seen around these levels making markets come down due to profit booking.
NIFTIEE Intra day Levels : Close 2848
Supports : 2825/2810/2750
Resistance : 2880/2925/2955
Nifty likely to stay in range of 2750-2950 which also forms a Triangle. Breakout or Break down from this Triangle could give sharp Volatile moves on either side.
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 16 FEB 2009 :
FII -18
DII +190
FII(Derivatives) -622 (net)
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin
