Nifty EOD chart
Sensex EOD Chart
We are updating this Blog after many days sue to some busy schedule. Anyways markets are in this range of 2650-2950 since last 2 to 3 months & today again a day has come that markets are again testing the lower end of this range. But this time the scenario is different as it has broken the trendline which was giving support to the markets till now.
In last week 2 to 3 attempts were made by markets to break out this trendline resistances but unable to succeed. Also Nifty can not sustain MAGICAL LEVEL OF 2777 on upper side. Once we break this another & final support or final hope for Bulls is MAGICAL LEVEL of 2666. Today the same has been tested but some how managed to close above this level. Also the Nifty Future discount has widenend.
WE are in Crucial time cycle from 15 FEB 2009 to 15 MARCH 2009 as we updated this on this website last month too. We have hinted few scenairo's are possible in this time frame. The Scenarios were EITHER MARKETS WIL TEST OLD BOTTOM or IF THIS TIME IS PASSED & MARKETS HOLD THIS LEVELS THEN SHORT TERM BOTTOM IS MADE.
We still need to wait for next 2 to 3 trading sessions to watch out our support levels is broken or hold on. All support levels will be calculated on closing basis.
NIFTIEE Close 2675
Supports : 2666 / 2650 / 2610
Resistances : 2710 / 2725 / 2777
PROVISIONAL FUND FLOW FIGURES IN RUPEES CRORES FOR 02 MARCH 2009 :
Fii -580
Dii +334
Fii(Derivatives) -46 (Net)
TODAY 15TH LOKSABHA ELECTION DAYS HAS BEEN ANNOUNCED. ELECTIONS WILL BE CONDUCTED IN 5 PHASES i.e. FROM APRIL 16, 23 & 30 .... MAY 7 & 13. COUNTING OF VOTES TO BEGIN FROM 16 MAY 2009.
Last year's Cause of Concern is today's Ignorance like :
Sub Prime & Market fell, Today we have BAILOUTS.
Crude Rose & Market fell, Today Totally we have RangeBound movements.
Inflation Rose & Market fell, Today markets are tensed due to Deflation.
Interest Rates Rose & Market fell, Today they are easing off but STILL MARKETS FALLING.
Anyways these days Markets are more influenced due to weak Sentiments amony people & no people needs to dare in this markets except good traders & Long investors who understands that Pessimism produces prices for long term Investors.
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin
