Friday, 6 March 2009

Market View for 06 March 2009

Hello Friends,

Nifty yesterday tested our higher resistance just by a point of 2664 & Res was 2666 & started falling from these levels. As updated earlier that 2666 level is last hope for the bulls in the short run & if we manage to close below this for 2 to 3 days then we may see markets falling by 5 to 10% in short run from 2666.

NifTiee Intra Day Levels:
Close 2577
Supports : 2555 / 2525 / 2480
Resistances : 2610 / 2630 / 2666

PROVISIONAL FUND FLOW FIGURES IN RUPESS CRORES FOR 05 MARCH 2009 :

Fii -591
Dii +479
Fii(Deri)-294 (net)
Idx Fut +97
Idx Opt -438
Stk Fut -24
Stk Opt +72

Note : Inflations nos 3.03% & RBI Cuts Repo & Rev Repo Rates but no +ve impact was seen on the markets due to this. Sun Outage has started from 05 To 19 March 2009 but no stopage of markets during this time which use to happen in last many years.

Regards,

Allies Financial Services
Mumbai, India


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