Markets are trading in very narrow range since last 3 week as shown on charts. We think that markets are looking for some breaking news to make or break this range. We can tell this a consolidation range too as consolidated in range if Nifty from 2700 - 2855 (+/-1%) levels. EOD updates of markets to be updated to email members of Google Groups http://groups.google.com/group/AlliesFin
Nifty Levels : Close : 2784
Supports : 2750 / 2725 / 2690
Resistances : 2790 / 2825 / 2855
It would be better to make any positional views for markets unless we move out of this consolidation range & close above / below this levels for minimum 2 to 3 days. That would be trend reversal for either side.
PROVISIONAL FUND FLOW FIGURES IN RS CRORES FOR 03 FEBUARY 2009 :
Fii -279
Dii -8
Fii(deri) +261 (net)
Idx fut +275
Idx opt -139
Stk fut -21
Stk opt +145
Regards,
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