Thursday, May 1, 2008

analysis for 2nd May.

********Technicals***** ~30th April~
Nifty consolidated around 5200 and closed above 200 DMA for the second time.
Support is now at 5160.

*********strong stock futures***** (www.crnindia.com)
Bombay Dyeing, Praj Indus, Sasa Goa, LITL, Lic.Hous.Fin, GDL, Channai Petro, JPAsso, TVS Motor & Jindal Steel .
.*******weak stock futures***** (www.crnindia.com)
Indian Bank, Siemens, Grasim, Shree Cem, ZEEL, APIL, ACC, Crompton Greaves, India Cem & Ultratech Cem Co.

****Nifty**** ~30th April~
Nifty future premium remains at 22.9 points. Open interest increased by 5 lakh today.
***Options**** ~30th April~
Nifty call options add 7 lakh and put options add 25 lakh in open interest. Thus open interest put-call ratio increased to 1.47.

********Fund flow*** ~29th April~
~FII index fut +549 cr..(+1424 cr in may series).
~FII stock fut -229 cr.(-150 cr in may series).
~FII cash +347 cr(+777 cr in may series).
~Mut cash +381 cr(+109 cr in may series).
*******total fund flow +1048 cr today & nifty was up by 106 points.
*******So far net fund flow of +2160 cr in may series. (so far nifty is up in may series from 5000-settelment price)
happy trading and investing.
- dr.jignesh shah