Nifty intra day chart :
On intra day charts we can see that Nifty took long time to cross resistance level of 4949 as updated in morning. But at last finally managed to close above these levels to continue the uptrend. Also large volumes/trades were seen to break this barrier.
Nifty End of Day Chart :
Nifty is very close to achieve weekly TG of 5000 as updated last Monday on our website http://www.alliesfin.blogspot.com/ along with charts to explain the same. Hope regular visitors to this web must have benefitted. Also on our Wednesday Market views we have talked about some Euphoria in markets & explained 4 stages of Markets. An activity almost similar to same was seen in Markets on the same day as some stocks were up as if there no tomorrow. Still we see that this may continue in big momemtum once Nifty stays above 5000 for few days.
Still many shorts have not been covered with revised sl of 5000 & still there is some kind of Optimism in markets. After Optimistic stage we may see Euphoria stage in Markets as still people are cautious at higher levels. But still remember Profit booking at higher levels is advisable as profit booking is not Crime but an ART.
Provisional Fund Flow Figures Rupees Crores for 16 September 2009:
Fii +1106
Dii +143
Fii(deri) +774
Index Futures +336
Index Options -28
Stock Futures +433
Stock Options +33
Open interest 75k Crores only.
* Inflation nos will be out.
* Fii's into buying Spree since last many days making indices to move higher & higher leads to sign of caution.
Read Disclosure & Disclaimer on http://www.alliesfin.blogspot.com/
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com
Email Group : http://groups.google.com/group/AlliesFin
