Hello Friends,
NiftTiee Close 4231
Supports : 4201 / 4171/ 4141
Resistances : 4283 / 4303 / 4343
Nifty has trendline resistances near 4300 - 4310 lvls.
Also 50% Retracements levels 3900 - 4700 current rally are near 4300-4310.
From 3900 to 4300 : 10% gain in Nifty Indices in just 4 trading sessions hints some profit booking which we saw yesterday with highly volatile session & traders may burn hands if some wrong trades are being initiated.
If markets manage to close above 4310 then we can see 4422 - 4488 - 4545 & even higher levels. But remember close is important for minimum 2 - 3 trading sessions above 4310. The current rally have strong support zone near 4100 - 4141 levels.
Imp Note : We remember that in March 2009 Tata's come up with NCD with cuopn rate of 11% to 12% & people rushed to it as markets were falling & they wanted safe bets to park their investments. This proved to b FASHION in NCD segments as after success of this many cos came up with such offering like MnM grp, Wadia grp etc but did not get enough success.
Then we got series of QIP's with lot many cos coming to raise funds for working capital, fund growth, repay debt etc.... only few got successfull.
This time a Fashion of IPO's will come up again & only few with get successfull & after watch one's success many small & mid size cos may come up to raise funds without proper fundamentals. So take care while betting your Capital in such IPO's. Hope you understood the moral of this short updates.
Provisional Fund Flow Figures Rupees Crores for 16 July 2009
Fii +32
Dii -35
Fii(derivatives) -168
Index Futures +114
Index Options -278
Stock Futures -11
Stock Options +8
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
