Nifty EOD Charts :
NifTiee Close 4662
Supports : 4646 / 4616 / 4566
Resistances : 4697 / 4717 / 4747
The Story of Bears has been proven by markets as updated in our previous articles on our web www.Alliesfin.BlogSpot.Com that 1 day the Markets will FALL. Monday was the day when markets opened lower by taking Global Cues & mainly from Chinese Fear Factor as it was down by 6-7% only due to failure of some Leading bank to raise money.
The Hedge funds may be selling there & incurring losses there & selling in India too to compensate losses. Anyways this may be over soon & infact this can 1 of the positive factor too as Sell China & Buy India as lots of funds are attracted towards India's story.
GDP nos for Q1 were out at 6.1% v/s our estimate of 6%, this was in line with our expectations that despite drought panic India growed above 6%. Any numbers around 6 or above 6% is +ve for Economy & for markets too.
Provisional Fund Flow Figures Rupees Crores for 31 August 2009 :
Fii : -271
Dii : +19
Fii ( Derivatives ) : +285 (net)
Index Futures : +465
Index Options : +173
Stock Futures : -498
Stock Options : +145
OI 54K Crores only.
Today NHPC listing, issue price 36, likely to list around 40-42 ( unless we see fake prices on Screen ).
Good day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
