Market Views for 09 - 09 - 2009

Hello Friends,

Nifty EOD chart :


NifTiee Close 4805
Supports : 4777 / 4747 / 4717
Resistances : 4828 / 4848 / 4888

Markets again have come to another resistance levels like 16200 for Sensex while the same for Nifty can be 4820-4830, now markets needs to close above 16200 to continue the upward momemtum as some short sellers have averaged out their positions yesterday by selling again at higher levels with some revised stop losses as they now feel that 16200 is not so easy to breach. Anyways the story of Bulls & Bears continues & the smart traders who is neither bull or bear & who just follows the trend must know what he is doing.

Provisional Fund Flow Fig Rupees Crores for 8 Sept 2009 :

Fii +992
Dii +206
Fii Derivatives +1133
Index Futures +816
Index Options +12
Stock Futures +199
Stock Options +106
OI 65k Crores only & Vol crosses 1 lac Crores only.

Since last 2 days Fii's are in big buying mode, SGX Nifty is trading Flat & other world markets updates can be checked out on www.Alliesfin.Blogspot.Com

Good Day


Regards,

Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/