Hello Friends,
Nifty Close 4242
Supports : 4211 / 4181 / 4141
Resistances : 4273 / 4313 / 4343
Provisional Fund Flow Figure Rupees Crores for 25 June 2009
Fii -1483
Dii +1118
Fii(derivatives) -1417 (net)
Index Futures -554
Index Options -1030
Stock Futures +67
Stock Options +100
Options Excersied : 4052
Options Assigned : 1311
-ve Figure in Index Options mainly include writing of the options on the expiry day to eat the Premium .
Markerts after hitting intra lows of 4143, bounce back was seen of almost 200 points from lows upto 4338 (yesterdays high) . Markets Starting July Series may remain volatile as this series will have Budget & stocks which would have Budget Expectations would remain in lime light upto the day something is being offered to them. But if things wont work as per expectations then the same stock may be hammered as if they were in no Mens Land. So dont forget to book profits on regular intervals or use strict trail stop losses.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Friday, 26 June 2009
Thursday, 18 June 2009
Market Views for 19 June 2009
Hello Friends,
Nifty EOD Chart 18 June 2009
Nifty Close 4251
On hourly charts we can see that once 4444 was broken a basket full of selling pressure came in markets & in just 5 trading sessions we are down by 500+ points from recent top.
On above charts we can see that Nifty is now at important trend line support near 4200-4225 levels, this trend line is the line which is supporting the Bulls in the markets since it has started. So this could be the Key level in short run & some bounce back is expected from this junction. The Trend Reversal level can be placed again at 4444 & close above this levels for 2 to 3 sessions can take markets tests recent highs.
Another View Trading below 4200-4225 can take markets test recent lows near 4100 levels. Next week F&O expiry & this may make markets volatile in the short run. So traders need to take due care while handling stop loss levels & must follow trading Gimmics.
PROVISIONAL FUND FLOW FIGURE RS CRORES FOR 18 JUNE 2009 :
Fii -585
Dii +539
Fii (Derivatives) -312
Index Futures -220
Index options +136
Stock Futures -221
Stock Options -7
News :
Inflation has turned -ve 1.61% provisional for the 1st time in 32 years since 1977-78. This is Wholesale price index (WPI) but Retail or Consumer Price Index (CPI) is too high around 8-10%. Crude Prices are rising, Food Prices are rising, Power Prices are rising & many more prices are rising but still inflaion -ve ? When inflation was rising we remember that FM use to come out & say that we need to check the base for calculating the inflation nos as many of the articles & prices are not included. Hope the media will not panic about Deflation now !!!!!
SEBI scraps entry load for Mutual Funds & Cuts fees for Intermediaries.
On rights issue:
The Sebi board has also rationalised disclosure norms for rights issues. Henceforth, there will be no preferential issue for superior voting rights. Also, no listed company can issue shares with superior rights.
On mutual fund schemes:
Mutual fund investors have a reason to cheer. There will be no entry load on any mutual fund schemes from now on. Distributors will now have to disclose commission for schemes. In a landmark move, mutual fund investors will now decide on the commission payable to distributors.
Fee cut for intermediaries:
The board has decided to rationalise the fees charged by intermediaries. It plans to cut fees for financial intermediaries by 50%. Broker fees for debt deals have been cut to Rs 2.5 per Rs 1 crore of turnover.
On initial public offerings:
From here on, companies planning an initial public offering will have to list on at least one national exchange.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Nifty EOD Chart 18 June 2009
Nifty Close 4251
Support : 4211 / 4171 / 4141
Resistance : 4313 / 4343 / 4383
In our earlies posts on 16 June 2009 ( Click to check the views ) we have updated that Nifty needs to close above previous highs of 4675 - 4690 for fresh bull run for targets 4800 - 5000 respectively but it did not do so & hence the profit booking started. Also it came down to test 4444 levels & bounced back upto 4545 but did not close above this. 4545 spot Nifty level was important key level & 4444 was trail stop loss for all long positions.On hourly charts we can see that once 4444 was broken a basket full of selling pressure came in markets & in just 5 trading sessions we are down by 500+ points from recent top.
On above charts we can see that Nifty is now at important trend line support near 4200-4225 levels, this trend line is the line which is supporting the Bulls in the markets since it has started. So this could be the Key level in short run & some bounce back is expected from this junction. The Trend Reversal level can be placed again at 4444 & close above this levels for 2 to 3 sessions can take markets tests recent highs.
Another View Trading below 4200-4225 can take markets test recent lows near 4100 levels. Next week F&O expiry & this may make markets volatile in the short run. So traders need to take due care while handling stop loss levels & must follow trading Gimmics.
PROVISIONAL FUND FLOW FIGURE RS CRORES FOR 18 JUNE 2009 :
Fii -585
Dii +539
Fii (Derivatives) -312
Index Futures -220
Index options +136
Stock Futures -221
Stock Options -7
News :
Inflation has turned -ve 1.61% provisional for the 1st time in 32 years since 1977-78. This is Wholesale price index (WPI) but Retail or Consumer Price Index (CPI) is too high around 8-10%. Crude Prices are rising, Food Prices are rising, Power Prices are rising & many more prices are rising but still inflaion -ve ? When inflation was rising we remember that FM use to come out & say that we need to check the base for calculating the inflation nos as many of the articles & prices are not included. Hope the media will not panic about Deflation now !!!!!
SEBI scraps entry load for Mutual Funds & Cuts fees for Intermediaries.
On rights issue:
The Sebi board has also rationalised disclosure norms for rights issues. Henceforth, there will be no preferential issue for superior voting rights. Also, no listed company can issue shares with superior rights.
On mutual fund schemes:
Mutual fund investors have a reason to cheer. There will be no entry load on any mutual fund schemes from now on. Distributors will now have to disclose commission for schemes. In a landmark move, mutual fund investors will now decide on the commission payable to distributors.
Fee cut for intermediaries:
The board has decided to rationalise the fees charged by intermediaries. It plans to cut fees for financial intermediaries by 50%. Broker fees for debt deals have been cut to Rs 2.5 per Rs 1 crore of turnover.
On initial public offerings:
From here on, companies planning an initial public offering will have to list on at least one national exchange.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Monday, 15 June 2009
Market Views For 16 June 2009
Hello Friends,
Nifty Unable to cross & Close above previous high of 4675 - 4690 & hence profit booking started as updated in our last post on this web.
Nifty hits target of 4488 as Mondays close is 4484.
Technically Nifty can test important support of 4444 / 4411 / 4381 & may bounce from these levels.
Nifty spot Close is about 200 points down from current highs in just 2 days time.
Nifty Futures closes at high premium at 4520 to spot close of 4484.
Nifty Spot resistances 4520 / 4545 / 4585
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 15 JUNE 2009 :
Fii -412
Dii -589
Fii (derivatives) -412
Index Futures -398
Index Options +130
Stock Futures -141
Stock Options -4
News :
Rail Budget on July 3, 2009 Friday instead of July 1, 2009
Union Budget on July 6, 2009 Monday instead of July 3, 2009
Economic Budget on July 2, 2009.
On July 3, 2009 there is holiday in U.S on account of Independence day so this may be the reason for change in dates for delivering budget.
ATF Prices hiked so Airlines stocks may be under pressure.
Infrastructure stocks may remain under pressure these as there is an NFO going on so History says that when ever such Biggies come out with Sector Specific NFO's correction is bound to happen in such stocks/sectors or markets.
World Markets are under pressure as G20 Members have hinted to get back the amount given as Stimulas.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
Nifty Unable to cross & Close above previous high of 4675 - 4690 & hence profit booking started as updated in our last post on this web.
Nifty hits target of 4488 as Mondays close is 4484.
Technically Nifty can test important support of 4444 / 4411 / 4381 & may bounce from these levels.
Nifty spot Close is about 200 points down from current highs in just 2 days time.
Nifty Futures closes at high premium at 4520 to spot close of 4484.
Nifty Spot resistances 4520 / 4545 / 4585
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 15 JUNE 2009 :
Fii -412
Dii -589
Fii (derivatives) -412
Index Futures -398
Index Options +130
Stock Futures -141
Stock Options -4
News :
Rail Budget on July 3, 2009 Friday instead of July 1, 2009
Union Budget on July 6, 2009 Monday instead of July 3, 2009
Economic Budget on July 2, 2009.
On July 3, 2009 there is holiday in U.S on account of Independence day so this may be the reason for change in dates for delivering budget.
ATF Prices hiked so Airlines stocks may be under pressure.
Infrastructure stocks may remain under pressure these as there is an NFO going on so History says that when ever such Biggies come out with Sector Specific NFO's correction is bound to happen in such stocks/sectors or markets.
World Markets are under pressure as G20 Members have hinted to get back the amount given as Stimulas.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
Thursday, 11 June 2009
Market Views For 12 June 2009
Hello Friends,
Nifty EOD Chart 11 June 2009
Fii +787
Dii +558
Fii (Derivatives) -798
Idx Fut -581
Idx Opt -348
Stk Fut +156
Stk Opt -25
Vol 94k Crores
Good Day
Nifty EOD Chart 11 June 2009
Nifty Resistance 4675 - 4690 ( Current Rally High )
If Crosses & Closes above this then 4747 / 4820 soon.
If Not then can test 4580 - 4545 - 4488
Fii +787
Dii +558
Fii (Derivatives) -798
Idx Fut -581
Idx Opt -348
Stk Fut +156
Stk Opt -25
Vol 94k Crores
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
Tuesday, 9 June 2009
Market View for 10 June 2009
Hello Friends,
!!!! A Lost Battle Won by Bulls !!!!
Monday was the real testing day for the bulls as Nifty has broken all supports & managed to close below very important level of 4444. But it closed with nominal loss at 4430. On Tuesday due to such pain markets opened Gap down but managed to get sharp pull back in the initial phase of Session.
Although we missed to update things on this blog but some how managed to send sms to members of our free sms group. Tuesday's early message to clients is available on our website http://www.alliesfin.blogspot.com/ with date & time that Markets may open lower but bounce back is possible from lower levels. During day time sms sent was if Nifty manages to sustain 4444 levels then we may see 4488 & 4515 levels soon. Also Short covering would be seen if Nifty sustain 4488 levels. Rest is the history & which you know very well.
Nifty has managed to close above critical level of 4545 at 4551 which is +ve sign for short term but the real bull run we may see if Nifty Crosses & Closes above 4646 levels which we discussed last week on our website. In last week Nifty Spot made high of 4636 & the huge big day correction started & made low of 4365 which is almost loss of 271 points in just 2days time. If Nifty manages to close above 4646 then we may see markets testing 4848 - 5050 this expiry only. At this point trail sl will help to your long positions.
NifTiee Intra day Levels for 10 June 2009
Close 4551
Supports : 4545 / 4515 / 4488
Resistances : 4586 / 4616 / 4646
PROVISIONAL FUND FLOW FIGURE RUPEES CRORES FOR 09 JUNE 2009
Fii +955
Dii -150
Fii (derivatives) -341
Index Futures +268
Index Options -30
Stock Futures -486
Stock Options -92
STOCKS TO WATCH OUT IN SHORT TERM ARE :
SATYAM
ROLTA
POLARIS
RIL
REL CAP
HDFC LTD
HDFC BANK
GMDC
GSPL
SBI
BHEL
LNT
FOR DAY TRADERS KEEP 1-2% SL FROM CLOSING PRICE & TG OF 3-5-10%.
DONT TRADE IF WE THE STOCKS OPENS GAP UP OR GAP DOWN NEAR TO TG OR SL LEVELS.
Good Day
Happy Trading
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
!!!! A Lost Battle Won by Bulls !!!!
Monday was the real testing day for the bulls as Nifty has broken all supports & managed to close below very important level of 4444. But it closed with nominal loss at 4430. On Tuesday due to such pain markets opened Gap down but managed to get sharp pull back in the initial phase of Session.
Although we missed to update things on this blog but some how managed to send sms to members of our free sms group. Tuesday's early message to clients is available on our website http://www.alliesfin.blogspot.com/ with date & time that Markets may open lower but bounce back is possible from lower levels. During day time sms sent was if Nifty manages to sustain 4444 levels then we may see 4488 & 4515 levels soon. Also Short covering would be seen if Nifty sustain 4488 levels. Rest is the history & which you know very well.
Nifty has managed to close above critical level of 4545 at 4551 which is +ve sign for short term but the real bull run we may see if Nifty Crosses & Closes above 4646 levels which we discussed last week on our website. In last week Nifty Spot made high of 4636 & the huge big day correction started & made low of 4365 which is almost loss of 271 points in just 2days time. If Nifty manages to close above 4646 then we may see markets testing 4848 - 5050 this expiry only. At this point trail sl will help to your long positions.
NifTiee Intra day Levels for 10 June 2009
Close 4551
Supports : 4545 / 4515 / 4488
Resistances : 4586 / 4616 / 4646
PROVISIONAL FUND FLOW FIGURE RUPEES CRORES FOR 09 JUNE 2009
Fii +955
Dii -150
Fii (derivatives) -341
Index Futures +268
Index Options -30
Stock Futures -486
Stock Options -92
STOCKS TO WATCH OUT IN SHORT TERM ARE :
SATYAM
ROLTA
POLARIS
RIL
REL CAP
HDFC LTD
HDFC BANK
GMDC
GSPL
SBI
BHEL
LNT
FOR DAY TRADERS KEEP 1-2% SL FROM CLOSING PRICE & TG OF 3-5-10%.
DONT TRADE IF WE THE STOCKS OPENS GAP UP OR GAP DOWN NEAR TO TG OR SL LEVELS.
Good Day
Happy Trading
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Thursday, 4 June 2009
Market Views For 05 June 2009
Hello Friends,
Nifty EOD Charts 04.06.09
NIFTY for the 3rd time took supports at 4444 levels & as updated in our previous post that if we close above 4444 for three days then we could see 4610-4646 levels soon.
4610-4646 zone is an resistance area with 61.8% retracement level & in this zone we could see some profit booking. But if we close above this then ?????
NifTiee Intra day levels :
Close : 4273
Supports 4545 / 4525 / 4485
Resistances 4610 / 4646 / 4686
Provisional Fund Flow Figures Rupees Crores for 04 June 2009
Fii +465
Dii -530
Fii (derivatives) -1204
Index Futures -1013
Index Options +513
Stock Futures -666
Stock Options -38
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Nifty EOD Charts 04.06.09
NIFTY for the 3rd time took supports at 4444 levels & as updated in our previous post that if we close above 4444 for three days then we could see 4610-4646 levels soon.
4610-4646 zone is an resistance area with 61.8% retracement level & in this zone we could see some profit booking. But if we close above this then ?????
NifTiee Intra day levels :
Close : 4273
Supports 4545 / 4525 / 4485
Resistances 4610 / 4646 / 4686
Provisional Fund Flow Figures Rupees Crores for 04 June 2009
Fii +465
Dii -530
Fii (derivatives) -1204
Index Futures -1013
Index Options +513
Stock Futures -666
Stock Options -38
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Tuesday, 2 June 2009
Market Views for 03 June 2009
Hello Friends,
Nifty EOD Charts of 02 June 2009
After Opening up Nifty tested 4586 making new highs but gave up all gains as its very close to profit booking enter 4610-4646. Profit booking was seen in many large cap stocks in the initial trading sessions & stocks like Reliance pack, Metals, Banks, CG & many more sectors were in Profit booking mode. But small & mid cap stocks were on fire & sustained the whole till the last hour of session begun.
NifTiee Intra day Levels :
Close 4525
Supports : 4488 / 4444 / 4414
Resistances : 4545 / 4610 / 4646
Stocks recomended yesterday & may gain even today are
Satyam
Opto Circuit
Balrampur Chini
Book Profits in all these stocks today & can watch out yesterdays recomended stocks with the same break out levels.
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 02 JUNE 2009
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
Nifty EOD Charts of 02 June 2009
After Opening up Nifty tested 4586 making new highs but gave up all gains as its very close to profit booking enter 4610-4646. Profit booking was seen in many large cap stocks in the initial trading sessions & stocks like Reliance pack, Metals, Banks, CG & many more sectors were in Profit booking mode. But small & mid cap stocks were on fire & sustained the whole till the last hour of session begun.
NifTiee Intra day Levels :
Close 4525
Supports : 4488 / 4444 / 4414
Resistances : 4545 / 4610 / 4646
Stocks recomended yesterday & may gain even today are
Satyam
Opto Circuit
Balrampur Chini
Book Profits in all these stocks today & can watch out yesterdays recomended stocks with the same break out levels.
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 02 JUNE 2009
FII -233
DII -424
FII(DERIVATIVES) -639
GOOD DAY
Regards,Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
Monday, 1 June 2009
Market Views For 02 June 2009
Hello Friends,
As expected Profit booking was seen in Markets after Nifty Spot Touched 4545 & made Intra day low of 4477 & from there bounced back sharply due to Strong Global Cues.
In Short Term if Nifty Sustains Above 4545 thn we can see soon 4610-4646. Also in our last posts we have hinted for Sensex Target of 14800 & 15300. 14800 has been achieved today & soon markets are expected to test higher levels. Lighten you intra day positions if Nifty Spot Tests around 4610-4646.
NifTiee Intra Day Levels :
Close 4530
Support : 4488 / 4455 / 4422
Resistances : 4545 / 4610 / 4646
PROVISIONAL FUND FLOW FIGURES RS CRORES FOR 01 JUNE 2009
FII +280
DII -197
FII(DERIVATIVES) +207
INDEX FUTURES +406
INDEX OPTIONS +142
STOCK FUTURES -314
STOCK OPTIONS -28
STOCKS TO WATCHOUT IN SHORT TERM :
VSNL ABV 485 ONLY
IDFC ABV 128 ONLY
RCOM ABV 330 ONLY
BALRAMPR CHINI ABV 91 ONLY
SATYAM ABV 56.5 ONLY
HDIL ABV 308 ONLY
INDIA BULLS REAL ESTATE ABV 250 ONLY
OPTO CIRCUIT ABV 178 ONLY
JINDAL STEEL & POWER ABV 2280 ONLY
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.alliesfin.blogspot.com
As expected Profit booking was seen in Markets after Nifty Spot Touched 4545 & made Intra day low of 4477 & from there bounced back sharply due to Strong Global Cues.
In Short Term if Nifty Sustains Above 4545 thn we can see soon 4610-4646. Also in our last posts we have hinted for Sensex Target of 14800 & 15300. 14800 has been achieved today & soon markets are expected to test higher levels. Lighten you intra day positions if Nifty Spot Tests around 4610-4646.
NifTiee Intra Day Levels :
Close 4530
Support : 4488 / 4455 / 4422
Resistances : 4545 / 4610 / 4646
PROVISIONAL FUND FLOW FIGURES RS CRORES FOR 01 JUNE 2009
FII +280
DII -197
FII(DERIVATIVES) +207
INDEX FUTURES +406
INDEX OPTIONS +142
STOCK FUTURES -314
STOCK OPTIONS -28
STOCKS TO WATCHOUT IN SHORT TERM :
VSNL ABV 485 ONLY
IDFC ABV 128 ONLY
RCOM ABV 330 ONLY
BALRAMPR CHINI ABV 91 ONLY
SATYAM ABV 56.5 ONLY
HDIL ABV 308 ONLY
INDIA BULLS REAL ESTATE ABV 250 ONLY
OPTO CIRCUIT ABV 178 ONLY
JINDAL STEEL & POWER ABV 2280 ONLY
NOTE : ALL THIS ABOVE STOCKS ARE VALID FOR INTRA DAY TRADES ONLY. DONT FORGET TO KEEP STOP LOSSES 1-2% IN INTRA DAY TRADES FROM BREAK OUT LEVELS & BOOK PROFITS ON 3-5% INTRA DAY GAINS OR ON YOUR COMFORT LEVELS. DONT BUY IF ALREADY OPENS GAP UP OF 3-5% AS THEY WIL BE NEAR TO INTRA DAY TARGETS.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.alliesfin.blogspot.com
Market View For 1st June 2009
Hello Friends,
Nifty EOD Charts 29.05.09
In our last post we have updated that if sensex manages to sustain & close above 14444 then we could see 14800 & 15300 levels soon. On last Friday Sensex manages to test highs of 14727 & was very close to achieve 1st target of 14800.
Updated above is the Spot Nifty EOD (End of Day) Charts which shows Bull's are having upper hands. After testing lows of 4099 markets are zooming one way up from 4092 to 4488 in just 3 trading sessions. The Index Gains are almost 10% in span of 3 days time & this we have alerted to our Sms/Email members on time. What Else you Expect from Equity Markets in Short Term ? Indices up 10% Index Stocks up 5-15% , if you are in Right Boat you could make unexpected gains in the short run.
Nifty have managed to close near our resistance level of 4444 after testing highs of 4488. Also Nifty is very close to test recent highs of 4510 which was tested after Election results. This could prove an immediate resistance level in short term. Close above this can take Nifty to test 4545 & 4646.
NifTiee Intra Levels
Close : 4449
Supports : 4444 /4414 /4374
Resistances : 4488 /4515 /4545
NEWS Last Week :
* Racism in Australia targeting Indian Students. HarBhajan Singh's Cousin Killed.
*Divestment's Bubble heating up
*Oil Fuel Price Decontroling helped OM's to gain in short term.
*Once Cabinet Portfolio will be allocated responding sectors will be in momemtum like in last week there were O&G Cos.
*Ril have more then expected Gas in KG Basin
*Inflation Remained unchanged at 0.61%
*Q4 GDP at 5.8% V/S 5.3% (QoQ) & 8.8% (YoY)
*FY09 GDP at 6.7% V/S 7.1% projected.
*Soon Monsoon Season Kick Off & Media may not Panic due to this as MET Dept said it may be Normal.
*LOT Size changed inviting Retailers to come & see the Horror Show of Playing open Derivatives. Last time in March 2009 lot size hiked & Market Started it Run again & up Almost 80-90% from March Lows. This TIME there is Reduction so LETS SEE WHAT HAPPENS !!!!!
Provisional Fund Flow Figures Rupees Crores for 29 May 2009 :
When Markets were falling people poured lot of Money into Fixed Deposits with 10 - 11% Gains & were Happy with such Gains & Today in Markets Indices Gains up by 10-20% in short term like 1-3 months still people do not like book profits & take away gains due to Greed. Why Such Mistakes are Being done ? Book your profits & take away to home & wait for another opportunities as markets gives opportunities all the time. We are repeating this & you may find such Alert in many of our previous posts too. We are repeating this again for the New Visitors / Friends to our website.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Nifty EOD Charts 29.05.09
In our last post we have updated that if sensex manages to sustain & close above 14444 then we could see 14800 & 15300 levels soon. On last Friday Sensex manages to test highs of 14727 & was very close to achieve 1st target of 14800.
Updated above is the Spot Nifty EOD (End of Day) Charts which shows Bull's are having upper hands. After testing lows of 4099 markets are zooming one way up from 4092 to 4488 in just 3 trading sessions. The Index Gains are almost 10% in span of 3 days time & this we have alerted to our Sms/Email members on time. What Else you Expect from Equity Markets in Short Term ? Indices up 10% Index Stocks up 5-15% , if you are in Right Boat you could make unexpected gains in the short run.
Nifty have managed to close near our resistance level of 4444 after testing highs of 4488. Also Nifty is very close to test recent highs of 4510 which was tested after Election results. This could prove an immediate resistance level in short term. Close above this can take Nifty to test 4545 & 4646.
NifTiee Intra Levels
Close : 4449
Supports : 4444 /4414 /4374
Resistances : 4488 /4515 /4545
NEWS Last Week :
* Racism in Australia targeting Indian Students. HarBhajan Singh's Cousin Killed.
*Divestment's Bubble heating up
*Oil Fuel Price Decontroling helped OM's to gain in short term.
*Once Cabinet Portfolio will be allocated responding sectors will be in momemtum like in last week there were O&G Cos.
*Ril have more then expected Gas in KG Basin
*Inflation Remained unchanged at 0.61%
*Q4 GDP at 5.8% V/S 5.3% (QoQ) & 8.8% (YoY)
*FY09 GDP at 6.7% V/S 7.1% projected.
*Soon Monsoon Season Kick Off & Media may not Panic due to this as MET Dept said it may be Normal.
*LOT Size changed inviting Retailers to come & see the Horror Show of Playing open Derivatives. Last time in March 2009 lot size hiked & Market Started it Run again & up Almost 80-90% from March Lows. This TIME there is Reduction so LETS SEE WHAT HAPPENS !!!!!
Provisional Fund Flow Figures Rupees Crores for 29 May 2009 :
Fii +273
Dii +873
Fii (Derivatives ) + 740 (Net)
Index Futures +830
Index Options +443
Stock Futures -504
Stock Options -2
When Markets were falling people poured lot of Money into Fixed Deposits with 10 - 11% Gains & were Happy with such Gains & Today in Markets Indices Gains up by 10-20% in short term like 1-3 months still people do not like book profits & take away gains due to Greed. Why Such Mistakes are Being done ? Book your profits & take away to home & wait for another opportunities as markets gives opportunities all the time. We are repeating this & you may find such Alert in many of our previous posts too. We are repeating this again for the New Visitors / Friends to our website.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
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