********Technicals***** ~25th April~
Nifty came out of sideway correction with a bang. Now uptrend is getting stronger.
Target remains at 5180 which is 161% retrenchment of 4972-4628 swing.
Support is now at 5060-5000.
*********strong stock futures***** (www.crnindia.com)
Chambal Fert, SRF, IFCI, Nagar Fert, Arvind Mill, Bombay Dyeing, MRPL, TTML, Essar Oil & BRFL.
*******weak stock futures***** (www.crnindia.com)
Indian Bank, ZEEL, India Cem, Maruti, IOC, SKumars, HCC, Shree Cem, Sobha & Hind Petro.
****Nifty**** ~25th April~ Nifty future premium increased to 14 points, so cost of carry increased. Open interest increased by 12 lakh today.( Today's trade dominated by new long position).
***Options**** ~25th April~
Nifty call options add 13 lakh and put options add 19 lakh in open interest. Thus open interest put-call ratio increased to 1.40.
