Hello Friends,
NifTiee Close 4399
Supports : 4380 / 4343 / 4313
Resistances : 4422 / 4444 / 4488
Markets retraced from resistance level of 4545 as updated yesterday & also managed to find support near 4384, Nifty spot made low of 4380 & bounced back upto 4410-4420 but averaged out at 4399 levels.
Still markets are finding tough to close above 4488 levels. As expected Bears wanted correction of 150-200 points on Nifty on Eclipse day & the same has been achieved today from today top of 4555 to 4380. Many people in last few days was spreading such rumors about this correction in markets to make them happy this short term profit booking was expected & hence we alerted this two days back. What ever the news may be try to follow above Nifty levels & trend for markets.
Tomorrow we may see some positive opening in markets & some momemtum buying may come if 1st & 2nd resistance levels mentioned above are crossed else at higher levels profit booking may come or sell on rise could be the key.
Many times alerts are even sent through Sms or by email to members. To Register your email id & mobile nos visit http://www.alliesfin.blogspot.com/ & register Email id under NEWSLETTERS section & Mobile nos under SMS section. Dont worry its free of cost & registration will remain confidential.
Provisional Fund Flow Figures Rupees Crores for 22 July 2009
Fii +67
Dii -225
Fii(derivatives)-451
Index Futures -509
Index Options +462
Stock Futures -402
Stock Options -3
NOTE : Inflation nos will be out & some Govt sources said that they are reviewing Inflation Price Index as the base is not proper to count inflation & the nos we get are not accurate. so soon they may come with Consumer Price Index (CPI) as base instead of Wholesale Price Index (WPI) or may add many new items in CPI.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
