********Technicals***** ~21st April~
Nifty today rallied and closed above 5000 for the first time in 7 weeks.
Stochastic shows overbought position. So partial profit booking is advisable.
As nifty crossed 4985, wave ‘C’ is now confirmed.
Now target will be 5180 which is 161% retrachment of 4972-4628 swing.
Support is now at 5000-4930.
****Nifty**** ~21st April~
Nifty future premium increased to 6 points, so cost of carry increased. Open interest increased by 13 lakh today.( Today's trade dominated by new long position).
***Options**** ~21st April~
Nifty call options shed 1.4 lakh and put options add 17 lakh in open interest. thus open interest put-call ratio increased to 1.30.
********Fund flow*** ~17th April~
~FII buy 1264 cr index fut..(total BUY of 82 cr in April series). There open interest decreased to 8.08 lakh contracts.
~FII buy 442 cr stock fut.(total BUY of 145 cr in April series). There open interest increased to 9.62 lakh contracts.
~FII buy 699 cr in cash (total sell of 7cr in April series).
~Mut. fund sell 86 cr in cash (total buy of 709 cr in April series).
*******So net fund flow of 2319 cr and nifty was up by 70 points.
*******So far net fund flow of +929 cr in April series. (so far nifty is up in april series from 4830-settelment price)
-jignesh
