Thursday, 5 March 2009

Market View for 05 March 2009

Hello Friends,

Nifty Yesterday has made a double bottom at 2611 levels & whole day managed to stay above this levels. Some recovery as seen in last hour of trade & managed to close at 2645 spot Nifty levels.

Yesterday U.S & Europe markets showed good recovery from bottom & managed to close up by 2-3%. Yesterday smart recovery was seen in Metal stocks on a/c of news from China about the Stimulas package. Even in London Metal Exchange (LME) smart recovery was seen in this counters. But will all this sustain at higher levels ?

NIFTIEE Intra day Levels :
Close 2645
Supports: 2625/2610/2580
Resistances: 2666/2690/2710

PROVISIONAL FUND FLOW FIGURES IN RUPEES CRORES FOR 04 MARCH 2009 :

Fii -494
Dii +119
Fii(deri) +793 (net)
Idx Fut +614
Idx Opt +148
Stk Fut -47
Stk Opt +78

NOTE : TODAY INFLATION NOS WIL BE OUT

Regards,

Allies Financial Services
Mumbai, India


Website : http://www.AlliesFin.BlogSpot.Com/

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Journey of Nifty @AlliesFin - 1996: NIFTY launched at 1,000 points - 1997: Steady early growth - 1998: Consolidated major sectors - 1999...