Hello Friends,
NifTiee Close 4375
Supports : 4343 / 4310 / 4255
Resistances : 4404 / 4444 / 4488
As anticipated last week Nifty Close above 4310 is headed towards 4422 - 4444 levels. At these levels we expect some profit booking here. These are the levels from where the markets retraced by 2 to 3 times. So at this time we expect the same from here, but the impact may be not be as the same as we saw the fall last time upto 3900.
But if the markets manages to close above 4488 then we markets may test previous tops & may go even higher. The crossesponding levels for Sensex can be placed at 15000 - 15100. Close above 4488 - 15100 can bring positive surprises in the markets. Finance Ministry has found out possible candidates for Disinvestments like NMDC, MMTC, Hind Copper ( listes Cos ) & Among unlisted cos are Manganese ore etcc. Also Govt have decided to come up with Ipo of NHPC for raising 2500 Crores only & the same is expected to open in 1st or 2nd week of August.
Also the Ministry will get some funds from Telecom cos from 3G & 4G Auction & the same amount can be around 25k Crores to 40k Crores only. Amongst the expenses the Govt have alloted 1 Lac Crores only for highway developments projects, we must see that how much amount will go for real development despite Corruptions. More & More money has been alloted to road developments projects by the Quality of the projects are not so good. Also an Commitee has been formed by the Govt which will look after all the projects & the funds allocated & also the Quality of the Projects along with future maintence of the roads, this is highly positive step to lift the quality of Work done.
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PROVISIONAL FUND FLOW FIGURE RUPEES CRORES FOR 17 JULY 2009
Fii +142
Dii +535
Fii(Derivatives) +85
Index Futures +692
Index Options -331
Stock Futures -272
Stock Options -4
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
