Hello Friends,Profit booking was the key today as we have updated in our last post on this web. Gloabal cues helped the markets to open gap down. Metals & Banking stocks were highly beaten down. Also many Fridays Midcap & Small Cap top gainers lost the battle & were highly beaten. ADAG stocks which were on Fire on Friday were in control by the Fire Brigade people. Its has been heard that many leading Fii's were on spree of Profit booking ( may be they have heard our Voice of Profit Booking in our last post on our website ).
Tomorrow 31 March 2009 last day of Financial Year 2008-2009, on this day we may see some value buying at lower levels OR Dead Cat bounce from local Funds to book the year end NAV's. Stocks which Local Funds have large holdings can be the Star of the Day. Tomorrow the JOKER can be Reliance industries, lets check what Charts tel about Ril :
RIL Intra day Chart :
RIL : EOD Chart :
RIL have found supports on daily charts around 1490 - 1500 & bounced back sharply from that levels. The same buying at lower levels in last hour of trade was seen on Intra day charts along with huge volumes. So RIL may be the Key or Joker for the day.
NifTiee Intra day Levels:
Close 2978
Supports : 2950 / 2929 / 2910
Resistances : 2990 / 3030 / 3080
PROVISIONAL FUND FLOW FIGURES IN RUPEES CRORES FOR 30 MARCH 2009 :
Fii -452
Dii -49
Fii (derivatives) -817
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin
