Tuesday 18 August 2009

Market View for 18 August 2009

Hello Friends,

NifTiee intra day levels:
Close 4388
Supports : 4363 / 4343 / 4313
Resistances : 4411 / 4444 / 4488

A highly profit booking or panic selling was seen in markets yesterday due to Global Cues, after opening gap down for about 300 points markets managed to sustain these levels for an hour or so but as the day passed fresh selling emerged in markets due to other Asian markets were down by 3-5% only. So there were so no hope for the revival.

In just 2 days markets moved from 4350 to 4625 levels & in just 1 day we can see the same levels back. Today we can see some supports around 4343 - 4363 levels as these are recent bottom & we may see some supports here & may bounce from these levels.


Provisional Fund Flow Figure Rupees Crores for 17 August 2009 :

Fii -1226

Dii +460
Fii(deri)+256(net)
Index Futures -163
Index Options +875
Stock Futures -446
Stock Options -9
Open Interest 53k

Good Day

Regards,

Allies Financial Services
Mumbai, India

Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin

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