Hello Friends,
Niftiee Close 4732
Supports : 4695 / 4646 / 4616
Resistances : 4747 / 4777 / 4817
On Friday Nifty gave 1st close above 4700 levels, now we need to watch for second day closing above 4700 levels. If market gives that then its fine else we may see some profit booking from current levels. Important supports are placed near 4616-4646 levels.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Monday, 31 August 2009
Friday, 28 August 2009
Market Views for 28 August 2009
Hello Friends,
NifTiee intra day levels
Close : 4688
Supports : 4666 / 4646 / 4616
Resistances : 4717 / 4747 / 4777
Again a day of consolidation, markets consolidated near 4700 levels on the day of August Expiry. We continue with our previous views that markets need to close above 4700 for minimum 2days then only we can new highs for the year till date.
Nifty took support for day yesterday at 4645 & our support was 4646 & bounced back upto 4708 levels while our 1st resistance was 4717. The immediate resistance for Nifty is 4731 which is recent rally top & cross & close above that can bring some short covering in the markets as many shorts have been rollovered with the same sl.
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 27 AUGUST 2009 :
Fii -41
Dii +29
Fii(derivatives) -515 (net)
Index Futures -112
Index Options -329
Stock Futures -120
Stock Options +46
OI 49k Crores only.
*Nifty futures OI stands at 23.28 m shs. Nifty Sep futures settled at a premium of 9 which is the same as in the previous session.
* Total Open Interest is at INR 653.2b as against INR 588.86b in the previous session and is the highest to start with since Feb-08.
* Aug series has witnessed Total Rollover of 83% (6m-avg 76%) (Highest since Aug-08) and Nifty Rollover of 75% (6m-avg 67%).
* Stocks witnessing high rollovers include Indiacem, Herohonda, Balramchin, Gmrinfra and Techm.
* Delivery:- Banking stocks (Bankbaroda, Bankindia, Pnb, Kotakbank) and IT stocks (Hcltech, Wipro) witnessed sharp rise in delivery.
* ATM Implied volatility for Nifty decreased to 32.1 % as against 32.7 % in the previous session and the India VIX decreased to 34.84% as against 36.27% in the previous session.
* The market breadth remained positive though the Adv:Dec ratio slid to 3:2 as against 9:4 in the previous session.
Good Day
Regards,
Allies Financial Services
Mumbai, India
(m)+91 9820 191219
Email : AlliesFin9@Gmail.com
Yahoo IM: AlliesFin9@Yahoo.com
Website : www.AlliesFin.BlogSpot.Com
NifTiee intra day levels
Close : 4688
Supports : 4666 / 4646 / 4616
Resistances : 4717 / 4747 / 4777
Again a day of consolidation, markets consolidated near 4700 levels on the day of August Expiry. We continue with our previous views that markets need to close above 4700 for minimum 2days then only we can new highs for the year till date.
Nifty took support for day yesterday at 4645 & our support was 4646 & bounced back upto 4708 levels while our 1st resistance was 4717. The immediate resistance for Nifty is 4731 which is recent rally top & cross & close above that can bring some short covering in the markets as many shorts have been rollovered with the same sl.
PROVISIONAL FUND FLOW FIGURES RUPEES CRORES FOR 27 AUGUST 2009 :
Fii -41
Dii +29
Fii(derivatives) -515 (net)
Index Futures -112
Index Options -329
Stock Futures -120
Stock Options +46
OI 49k Crores only.
*Nifty futures OI stands at 23.28 m shs. Nifty Sep futures settled at a premium of 9 which is the same as in the previous session.
* Total Open Interest is at INR 653.2b as against INR 588.86b in the previous session and is the highest to start with since Feb-08.
* Aug series has witnessed Total Rollover of 83% (6m-avg 76%) (Highest since Aug-08) and Nifty Rollover of 75% (6m-avg 67%).
* Stocks witnessing high rollovers include Indiacem, Herohonda, Balramchin, Gmrinfra and Techm.
* Delivery:- Banking stocks (Bankbaroda, Bankindia, Pnb, Kotakbank) and IT stocks (Hcltech, Wipro) witnessed sharp rise in delivery.
* ATM Implied volatility for Nifty decreased to 32.1 % as against 32.7 % in the previous session and the India VIX decreased to 34.84% as against 36.27% in the previous session.
* The market breadth remained positive though the Adv:Dec ratio slid to 3:2 as against 9:4 in the previous session.
Good Day
Regards,
Allies Financial Services
Mumbai, India
(m)+91 9820 191219
Email : AlliesFin9@Gmail.com
Yahoo IM: AlliesFin9@Yahoo.com
Website : www.AlliesFin.BlogSpot.Com
Thursday, 27 August 2009
Market Views for 27 August 2009
Hello Friends,
Nifty EOD Charts
NifTiee Intra day levels :
Close 4681
Supports : 4646 / 4616 / 4586
Resistances : 4717 / 4747 / 4777
Since last 2 days Markets are taking a halt around 4700 ahead F&O expiry & today is the expiry day. We see some stock specific Volatility & some rollover index moves. Till yesterday the rollovers have been good & close to 6 month averages, but we need to check out todays EOD figures.
We continue with our previous recomendations that close above 4700 for minimum 2 days will be highly positive for markets in short term & we may soon see then 4800 - 5000 odd levels. In each rally the Leaders & the Laggards changes, this time rally is mainly supported by heavy weights from Auto / I.T sector & Laggards are Banking Stocks & Reliance pack.
We have alerted many times people to dont go short in Bull markets as in Bull markets generally the strategies are Buy on Dips & Sell on Rises but some stubborn people or misguided people do Sell on Dips & Buy on Rises & end up losing hard earned money. Even people who have been in markets since last many years or decades have got some kind of stubborn attitude as they end up having shorts without SL & advise their clients that 1 day markets will come down & we will make good money. This is some kind of thought of School going child that 1 day we will bunk the school & go for movie.... How such experienced people advise such things to their clients ?????
The above extract is based on some of the Responses/Base/Facts of the people we get from round the country in India.
Provisional Fund Flow Figures Rupees Crores for 26 August 2009 :
Fii +379
Dii +129
Fii (derivatives) +435
Index Futures +178
Index Options +131
Stock Futures +20
Stock Options +105
OI 61k Crores only.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Nifty EOD Charts
NifTiee Intra day levels :
Close 4681
Supports : 4646 / 4616 / 4586
Resistances : 4717 / 4747 / 4777
Since last 2 days Markets are taking a halt around 4700 ahead F&O expiry & today is the expiry day. We see some stock specific Volatility & some rollover index moves. Till yesterday the rollovers have been good & close to 6 month averages, but we need to check out todays EOD figures.
We continue with our previous recomendations that close above 4700 for minimum 2 days will be highly positive for markets in short term & we may soon see then 4800 - 5000 odd levels. In each rally the Leaders & the Laggards changes, this time rally is mainly supported by heavy weights from Auto / I.T sector & Laggards are Banking Stocks & Reliance pack.
We have alerted many times people to dont go short in Bull markets as in Bull markets generally the strategies are Buy on Dips & Sell on Rises but some stubborn people or misguided people do Sell on Dips & Buy on Rises & end up losing hard earned money. Even people who have been in markets since last many years or decades have got some kind of stubborn attitude as they end up having shorts without SL & advise their clients that 1 day markets will come down & we will make good money. This is some kind of thought of School going child that 1 day we will bunk the school & go for movie.... How such experienced people advise such things to their clients ?????
The above extract is based on some of the Responses/Base/Facts of the people we get from round the country in India.
Provisional Fund Flow Figures Rupees Crores for 26 August 2009 :
Fii +379
Dii +129
Fii (derivatives) +435
Index Futures +178
Index Options +131
Stock Futures +20
Stock Options +105
OI 61k Crores only.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Friday, 21 August 2009
Market Views for 24 August 2009
Hello Friends,
Nifty EOD Chart
Regards,
Allies Financial Services
Mumbai, India
Website : www.alliesfin.blogspot.com
Nifty EOD Chart
Provisional Fund Flow Figures Rupees Crores for 21 August 2009:
Fii +533
Dii +96
Fii (derivatives) +514 (net)
Index Futures +214
Index Options +73
Stock Futures +220
Stock Options +7
OI 58k Crores only.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.alliesfin.blogspot.com
Wednesday, 19 August 2009
Market View for 19 August 2009
Hello Friends,
NifTiee Intra day levels :
Close 4459
Supports : 4444 / 4411 / 4384
Resistances : 4488 / 4514 / 4545
As mentioned yesterday we saw some good bounce back in markets from supports levels of 4343 - 4363, hope u benefitted.
Today we can see some intra day volatility & markets may test higher resistance levels. Above 4515 we can see some more short covering & fresh long build ups. Many people getting trapped by short selling at lower levels & when next day Markets open Gap up they find themself in No Mens Land. Many people who have been visiting our website www.AlliesFin.BlogSpot.Com must be benefitting as they get oppurtunity to sell at higher levels & buy at lower levels as we are witnessing the same in last many days.
Provisional Fund Flow Figures Rupees Crores for 18 August 2009 :
Fii -722
Dii +467
Fii (derivatives) +850 (net)
Index Futures -184
Index Options +561
Stock Futures +458
Stock Options +14
OI 55k Crores only.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
NifTiee Intra day levels :
Close 4459
Supports : 4444 / 4411 / 4384
Resistances : 4488 / 4514 / 4545
As mentioned yesterday we saw some good bounce back in markets from supports levels of 4343 - 4363, hope u benefitted.
Today we can see some intra day volatility & markets may test higher resistance levels. Above 4515 we can see some more short covering & fresh long build ups. Many people getting trapped by short selling at lower levels & when next day Markets open Gap up they find themself in No Mens Land. Many people who have been visiting our website www.AlliesFin.BlogSpot.Com must be benefitting as they get oppurtunity to sell at higher levels & buy at lower levels as we are witnessing the same in last many days.
Provisional Fund Flow Figures Rupees Crores for 18 August 2009 :
Fii -722
Dii +467
Fii (derivatives) +850 (net)
Index Futures -184
Index Options +561
Stock Futures +458
Stock Options +14
OI 55k Crores only.
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Tuesday, 18 August 2009
Market View for 18 August 2009
Hello Friends,
NifTiee intra day levels:
Close 4388
Supports : 4363 / 4343 / 4313
Resistances : 4411 / 4444 / 4488
A highly profit booking or panic selling was seen in markets yesterday due to Global Cues, after opening gap down for about 300 points markets managed to sustain these levels for an hour or so but as the day passed fresh selling emerged in markets due to other Asian markets were down by 3-5% only. So there were so no hope for the revival.
In just 2 days markets moved from 4350 to 4625 levels & in just 1 day we can see the same levels back. Today we can see some supports around 4343 - 4363 levels as these are recent bottom & we may see some supports here & may bounce from these levels.
Provisional Fund Flow Figure Rupees Crores for 17 August 2009 :
Fii -1226
Dii +460
Fii(deri)+256(net)
Index Futures -163
Index Options +875
Stock Futures -446
Stock Options -9
Open Interest 53k
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin
NifTiee intra day levels:
Close 4388
Supports : 4363 / 4343 / 4313
Resistances : 4411 / 4444 / 4488
A highly profit booking or panic selling was seen in markets yesterday due to Global Cues, after opening gap down for about 300 points markets managed to sustain these levels for an hour or so but as the day passed fresh selling emerged in markets due to other Asian markets were down by 3-5% only. So there were so no hope for the revival.
In just 2 days markets moved from 4350 to 4625 levels & in just 1 day we can see the same levels back. Today we can see some supports around 4343 - 4363 levels as these are recent bottom & we may see some supports here & may bounce from these levels.
Provisional Fund Flow Figure Rupees Crores for 17 August 2009 :
Fii -1226
Dii +460
Fii(deri)+256(net)
Index Futures -163
Index Options +875
Stock Futures -446
Stock Options -9
Open Interest 53k
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin
Monday, 17 August 2009
Market Views for 17 August 2009
Hello Friends,
NifTiee Intra day levels :
Close 4580
Supports : 4545 / 4525 / 4488
Resistances : 4616 / 4646 / 4676
As expected we saw a smart pull back rally or dead cat bounce from 4400 levels to 4600 levels in just 2days time. In our earlier post we mentioned that fresh buying can come only on close above 4700 levels till that time we may see buying at major supports & selling near major resistances.
The level of 4616 & 4636 are major resistances in the near term as these levels are the double / tripple bottom when markets were at 4680-4700 levels & were trying to close above 4700 levels. Now these supports have now become resistances in the near term & on Friday we saw some profit booking near by these levels only.
We had advised to our sms members to buy near 4400 levels & book some profits near 4600 levels as a gain of only 200 points in Nifty was more then enough in just 2 days time.
Anyways today also we can see the same profit booking happening at higher levels & we may see that our lower supports being tested.
Provisional Fund Flow Figure Rupees Crores for 14 August 2009:
Fii -126
Dii +444
Fii (derivatives) -84
Index Futures -240
Index Options -322
Stock Futures -155
Stock Options -11
Fii OI 53k Crores only.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Email Group : Groups.Google.Com/Group/AlliesFin
NifTiee Intra day levels :
Close 4580
Supports : 4545 / 4525 / 4488
Resistances : 4616 / 4646 / 4676
As expected we saw a smart pull back rally or dead cat bounce from 4400 levels to 4600 levels in just 2days time. In our earlier post we mentioned that fresh buying can come only on close above 4700 levels till that time we may see buying at major supports & selling near major resistances.
The level of 4616 & 4636 are major resistances in the near term as these levels are the double / tripple bottom when markets were at 4680-4700 levels & were trying to close above 4700 levels. Now these supports have now become resistances in the near term & on Friday we saw some profit booking near by these levels only.
We had advised to our sms members to buy near 4400 levels & book some profits near 4600 levels as a gain of only 200 points in Nifty was more then enough in just 2 days time.
Anyways today also we can see the same profit booking happening at higher levels & we may see that our lower supports being tested.
Provisional Fund Flow Figure Rupees Crores for 14 August 2009:
Fii -126
Dii +444
Fii (derivatives) -84
Index Futures -240
Index Options -322
Stock Futures -155
Stock Options -11
Fii OI 53k Crores only.
Good Day
Regards,
Allies Financial Services
Mumbai, India
Website : www.AlliesFin.BlogSpot.Com
Email Group : Groups.Google.Com/Group/AlliesFin
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