********Technicals***** ~22st April~
Nifty today consolidated above 5000.(2nd closing above 5000)
Stochastic shows overbought position. So partial profit booking is advisable. Target remains at 5180 which is 161% retrenchment of 4972-4628 swing.
Support is now at 5000-4970.
*********strong stock futures***** (from www.crnindia.com)
Chambal Fert, Bombay Dyeing, Polaris, IFCI, Nagar Fert, SRF, Praj Indus, Tata Teleserv, Tata Chem & BRFL.
*******weak stock futures***** (from www.crnindia.com)
Renuka, Zee, Patel Engg, Indian Bank, Maha Seamless, Maruti, Bharat petro, IOC, Hind Petro & Sobha.
****Nifty**** ~22st April~
Nifty future premium converted to discount of 6 points, so cost of carry decreased. Open interest increased by 11 lakh today.( Today's trade dominated by new short position).
Last months settlement prices---
January-5130, feb-5280, march-4830, april-???(5100/5150)
***Options**** ~22st April~
Nifty call options add 2 lakh and put options add 12 lakh in open interest. Thus open interest put-call ratio increased to 1.35.
********Fund flow*** ~21st April~
~FII buy 293 cr index fut..(Total buys of 375 cr in April series). There open interest increased to 8.50 lakh contracts.
~FII buy 82 cr stock fut.(total buy of 227 cr in April series). There open interest decreased to 9.55 lakh contracts.
~FII buy 277 cr in cash (total buy of 270 cr in April series).
~Mut fund buy 100 cr in cash (total buy of 809 cr in April series).
*******So net fund flow of +752 cr and nifty was up by 78 points.
*******So far net fund flow of +1681 cr in April series. (So far nifty is up in April series from 4830-settelment price)
happy trading and investing.
- dr.jignesh shah
