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


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

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