********Technicals***** ~16th April~
Nifty today tried to consolidate on the gains it made in last few days.
Still it managed to close in the green.
Major resistance remains at 4950-5000 area.
Major support is at 4820-4830.
****Nifty**** ~16th April~
Nifty future premium converted to discount of 2 points, so cost of carry decreased. Open interest increased by 2 lakh today.( Today's trade dominated by new short position).
***Options**** ~16th April~
Nifty call options add 20.7 lakh and put options add 20 lakh in open interest. thus open interest put-call ratio decreased to 1.24.
Implied volatility came down to 27% which is lowest in last 3 months. So nifty will come out of range very soon.
********Fund flow*** ~15th April~
~FII sell 745 cr index fut..(total sell of 1406 cr in April series). There open interest increased to 8.05 lakh contracts.
~FII sell 361 cr stock fut.(total sell of 437 cr in April series). There open interest increased to 9.44 lakh contracts.
~FII buy 81 cr in cash (total sell of 709 cr in April series).
~Mut fund buy 122 cr in cash (total buy of 1054 cr in April series).
*******So net fund flow of -903 cr and nifty was up by 102 points. (So negative divergence in market action and fund flow.)
*******So far net fund flow of -1498 cr in April series. (‘BUT’ nifty is UP in april series now from 4830-settelment price)
-jignesh
