Hello Friends,
N i f T i e e Intraday levels :
Close 5027
Supports 5005 / 4985 / 4949
Resistances 5050 / 5070 / 5111
Yesterday after opening +ve due to global cues markets saw some profit booking at higher levels & almost fell by 200-250 points in intraday. Nifty also tested lower band supports of 4919-4949 & sharp bounce was seen upto 5030-5040 levels, almost rise of only 100 points on intra day basis. Nifty futures turned to Premium of 10-12 points after discount of the same points in opening trades, indicating Short covering & some fresh long build ups. The rally was mainly led by Banking / Capital Goods/ Metals etc while the laggards were Telecom & IT stocks.
Today markets may open +ve backed by global cues & we may see markets testing higher resistance bands. Also few days back in our Newsletter on 30th September 2009 we mentioned about Re/$ effect like Rupee will appreciate against Dollars. The then price was 48-48.25 & yesterday it closed below 47 near 46.8xx To read more Click on this link , Regular visitors to our website may be knowing this & must have benefitted with the same. During $ depreciation Gold / Crude in Dollar terms moves up / Indian I.T stocks may bear some pain & also Indian Exporters have to bear some pain due to payment re-imbursements.
Provisional Fund Flow Figures Rupees Crores for 06 October 2009 :
Fii -157
Dii -768
Fii(derivatives) -588
Index Futures -241
Index Options +400
Stk Futures -714
Stock Options -33
NEWs :
* Gold at record highs & tests $1045 / Ounce.
* Rcom joins tariff wars in Telecom, introduces Re 0.50 per min pulse.
*Family MoU is not binding on corporate entity: RIL files affidavit.
* October 13, 2009 declared as Trading holiday for BSE/NSE on A/c assembly elections in Maharastra.
*2day RIL board meet for Audited Results & dividend declation if any.
*Hackers strike email services of Google, Microsoft and Yahoo.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
