Hello Friends,
NifTiee Close 4571
Supports : 4545 / 4515 / 4488
Resistances : 4595 / 4625 / 4646
Markets remained less Volatile on the day of expiry as ahead Expiry big moves were seen in the last 2 days more on A/c of Chinese Evacuation. Anyways Chinese mkts recovered too & our Indian Markets also came out from the blip.
These days we are watching that old economy stocks/ sectors are back in action like I.T / FMCG / Auto etc leaving behind the current bull sectors like Infra & R Pack. Yesterday markets were up 200 points but R Pack stocks were either flat or -ve. This kind of things happens in very rare case as we understand that these stocks are now news based & become volaitle on rumoric effect.
Nifty has made multiple top near 4600 levels crossing above these levels for 2 to days can take markets to test recent highs & even make new highs for the year. Above recent high the levels the levels we see the markets can test immediately is 4750 - 4820 but only strong volumes & breakouts above recent highs can make this things possible. At every higher levels some Bears will come out & give you some sell strategy with saying that " 1 day markets will come down " & this line every dumb knows that any day in a week / month markets can come down on profit booking. This days are winning days for Bears in Bull run & they celebrate, rest you know better as this may not occur all the time. Anyways take your wise decisions do not get carried away with all such euphoria's as its ALL ABOUT YOUR MONEY, HONEY ;-)
Provisional Fund Flow Figure Rupees Crores for 30 July 2009 :
Fii +367
Dii -287
Fii (Derivatives) -339
Index Futures -151
Index Options -238
Stock Futures -2
Stock Options +51
ADANI POWER IPO LAST DAY TODAY. ( This if just for info only ).
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
