Hello Friends,
N i f T i e e Intraday levels :
Close : 4847
Supports : 4818 / 4797 / 4777
Resistances : 4888 / 4918 / 4949
A Sharp profit booking was seen in markets once Nifty broke 4950 levels with high volumes, a 100 to 125 points of Nifty sheded after these breakdown & managed to close at 4847.
Reality / Metals / Banking were the Top loosers among sectors. Yesterday RBI came out with Credit Policy & Repo Rate / Reverse Repo & CRR were unchanged while hiked SLR limit from 24% to 25%, the bankers welcomed the Credit policy but Bank Nifty was hammered from 9100 to 8700 & sheded only 400 points after the Credit Policy.
Nifty is currently testing 50 days DMA which is currently around 4830-4850 levels, this can act as mild support for the markets but the sentiments are -ve & markets may test lower supports as updated above. Also as updated earlier people & analyst were expecting the correction in markets & the same has happened. Nifty is down by 300-350 points from recent high & if sheds more 50-75 points then Nifty will complete correction by 10% in fast & furious way.
Provisional Fund Flow Figures Rupees Crores for 27 October 2009 :
Fii-549
Dii+142
Fii(deri)-1597
Idx Fut-1018
Idx Opt+189
Stk Fut-739
Stk Opt-26
Fii OI 76k.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Email Group : Groups.Google.Com/group/AlliesFin
