Sensex EOD Chart 26 May 2009
After Gap up opening & Upper Curcuits last Monday after Election Results & People Started chasing stocks like never before as if tommorrow again the Markets are not going to open & they are literally going to miss out from buying, markets since then falling on a/c of profit booking in many large cap stocks & have corrected from 10 to 30% from last weeks highs.
Markets at this junction are very close to important Gap support levels & logically it should bounce from this levels. The key levels have been updated in the Charts itself. But if we manage to close below this key levels then we may see profit booking & may even see panic selling in markets.
So tomorrow is very important day to watch out levels mainly for short term traders & medium term investors.
NifTiee Intra day Levels :
Close : 4117
Supports : 4080 / 4050 / 3980
Resistances : 4141 / 4181/ 4242
Provisional Fund Flow Fig Rupees Crores for 26 May 2009
Fii -197
Dii -138
Fii ( derivatives ) -1250
Index Futures -1246
Index Options +115
Stock Futures -121
Stock Options +2
We expect a +ve markets for tomorrow.
Stocks to watch out will be mainly Index Stocks & R Pack which were laggards since gap up opening last week.
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Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
