********Technicals***** ~28th April~
Nifty consolidating around 5100.
Target remains at 5180 which is 161% retrenchment of 4972-4628 swing.
Support is now at 5060-5000.
*********strong stock futures***** (http://www.crnindia.com/)
Chambal Fert, Nagar Fert, Bata, Lichsgfin, Bombay Dyeing, IFCI, Arvind Mill, BRFL, Sesa Goa & TTML.
.*******weak stock futures***** (www.crnindia.com)
Indian Bank, Siemens, India Cem, Maruti, ZEEL, SKumars, ACC, BILT, Shree Cem & KTK Bank.
****Nifty**** ~28th April~
Nifty future premium increased to 16 points, so cost of carry increased. Open interest increased by 7.4 lakh today.( Today's trade dominated by new long position).
***Options**** ~28th April~
Nifty call options add 7.6 lakh and put options add 7.4 lakh in open interest. Thus open interest put-call ratio decreased to 1.37.
*******Fund flow*** ~25th April~
~FII index fut +672 cr..(+672 cr in may series).
~FII stock fut +54 cr.(+54 cr in may series).
~FII cash +349 cr(+349 cr in may series).
~Mut cash -73 cr(-73 cr in may series).
*******total fund flow + 1002cr today & nifty was up by 111 points.
*******So far net fund flow of +1002 cr in April series. (so far nifty is up in may series from 5000-settelment price)
happy trading and investing.
- dr.jignesh shah
