Market Views for 8 Sept 2009

Hello Friends,

Nifty Chart :

NiFtiee Close 4783
Supports : 4747 / 4717 / 4666
Resistance : 4818 / 4848 / 4888
Provisional Fund flow Fig Rs Crores for 07 Sept' 2009
Fii +1061
Dii +150
Fii Derivatives : +1826
Regards,

Allies Financial Services
Mumbai, India

Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin

Market Views for 01 September 2009

Hello Friends,

Nifty EOD Charts :



NifTiee Close 4662


Supports : 4646 / 4616 / 4566
Resistances : 4697 / 4717 / 4747

The Story of Bears has been proven by markets as updated in our previous articles on our web www.Alliesfin.BlogSpot.Com that 1 day the Markets will FALL. Monday was the day when markets opened lower by taking Global Cues & mainly from Chinese Fear Factor as it was down by 6-7% only due to failure of some Leading bank to raise money.

The Hedge funds may be selling there & incurring losses there & selling in India too to compensate losses. Anyways this may be over soon & infact this can 1 of the positive factor too as Sell China & Buy India as lots of funds are attracted towards India's story.

GDP nos for Q1 were out at 6.1% v/s our estimate of 6%, this was in line with our expectations that despite drought panic India growed above 6%. Any numbers around 6 or above 6% is +ve for Economy & for markets too.


Provisional Fund Flow Figures Rupees Crores for 31 August 2009 :

Fii : -271
Dii : +19
Fii ( Derivatives ) : +285 (net)
Index Futures : +465
Index Options : +173
Stock Futures : -498
Stock Options : +145
OI 54K Crores only.


Today NHPC listing, issue price 36, likely to list around 40-42 ( unless we see fake prices on Screen ).

Good day

Regards,

Allies Financial Services
Mumbai, India

Website : http://www.alliesfin.blogspot.com/

Market Views for 31 August 2009

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

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