Hello Friends,
N i f T i e e Intraday levels :
Close 4986
Supports : 4949 / 4919 / 4888
Resistances : 5020 / 5050 / 5090
As expected market was highly volatile on the day of Expiry as opened Gap down, tested even lower level of 4909 in first hour of trade & slowly & gradually moved up. 4919-4949 was the range where Nifty remained for the day untill the last hour of trade, but once it broke 4949 with good volumes , short covering was seen & we saw a flyier in markets from 4949 to 5016 levels.
Markets are back to crucial levels of 5000 & as we discussed earlier Nifty need to close above 5000 for minimum 2 to 3 days then only we can see Euphoria in markets & also in many people's favourite stocks. Nifty face immediate resistance near 5025-5050 levels & cross & close over above these levels only can bring fresh buying in the markets else we may see profit booking only. Also since last 2 days world markets are also taking a breather at higher levels & if there is deep cuts globally then we need to bear the pain too as we are not distinguished.
Provisional Fund Flow Figures Rupees Crores for 24 September 2009 :
Fii +1062
Dii -617
Fii (derivatives) +366
Index Futures +601
Index Options +594
Stock Futures -847
Stock Options +18
Fii OI 59k Crores only from 78k Crores.
News :
Rel Infratel / Lodha group / Emaar MGF files IPO-DRHP with SEBI,
Jet Airways okays Fund Raising Rs 1800-2000 Crores,
FED leaves BenchMark Rates unchanged,
Inflation for week ended Sept 12 @ 0.37% v/s 0.12%,
Reliance may cut Gas to Reliance Infrastructure due to delay in payments...
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.alliesfin.blogspot.com/
