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
