Nifty weekly charts.
NifTiee close : 4636
Supports : 4616 / 4586 / 4546
Resistances : 4676 / 4696 / 4726
Weekly charts shows Inverted Head & Shoulder formations & also a Cup & Handle formation with Neckline at 4700 levels. Close above 4700 can take markets to 4800 - 5000 levels as we are updating since last many days. The trail stop loss to the long positions can now be placed near 4400 levels on closing basis. Recently the Trend is UP & there is strong momemtum in the markets, but close above 4700 only could provide Fire to the Bullish Engine.
As the IPO season is back please take care while applying as this could prove a fashion in the markets like we saw for Ques in QIP's, NCD's & so on. This time take care that people do not commit mistakes committed in past by applying IPO's. Recently the Adani Power ipo closed with 21x subscribed with 2x from retail front & rest from QIB segments. Please note that do not follow QIB nos as they need only to pay the margin money while subscribing to IPO & they can cancel the subscriptions any time just by paying small penalties. Retailers stay alert as they are huge in nos & most of the bigger cos TG's are Retail People only.
Provisional Fund Flow Figures Rupees Crores for 31 July 2009 :
Fii +582
Dii +316
Fii (derivatives) +660
Index Futures +190
Index Options +182
Stock Futures +240
Stock Options +49
Market Volumes Crossing 1Lac Crore mark since last few days.
IMP Note : These days we see lot many cases of people infected due to seasonal fever, Cough, Loose motions & many more. These are being reported from different areas in the country, the cause can be the drinking water we have during rainy season & sometimes it can be the fruits & vegetables we eat. During rainy season the drinking water we get from the Muncipal corporation is not enough purified due to excess water supply or any other reason so in bad times we need to become our own doctor & Boil the water before drinking to downsize the impact of impurities. Another thing is the fruits & vegetables we eat during this rainy season are not adequtely managed & sometimes are being cleaned by the road side water ( Gutter ka pani ), This generates harmfull bacteria in the food & infects the person who eats it. Also many cases are being reported that in such fruits & vegetables small insects or crawllers alive has been found, if person eating that do not clean properly or remove them before cooking then the same insects goes into your body in dead form & causes uncertain diseases which you would have never thought of. Sometimes you wonder " ACHA KHASA INSAAN THA KAL TAK AAJ ACHANAK ITNA BIMAR KAISE HO GAYA " This person could be the Victim of such uncertainities.
WE ARE UPDATING THIS ON BLOG AS WE ALONG WITH YOUR WEALTH ADVISOR WOULD ALSO LIKE TO BE PART OF YOUR HEALTH ADVISOR & WE STRONGLY BELIEVE " Health is Wealth "
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
