********Technicals***** ~May 30~
Nifty is in short term consolidation phase of 4800-4950.
Support is at 4820,4760.
Resistance is at 4950.
*********strong stock futures***** (www.crnindia.com)
Sun Tv, Lupin, Chambal Fert, JSW Steel, Tata Chem, Infosys, Sterling, Dr.Reddy, Sesa Goa & TCS.
*******weak stock futures***** (www.crnindia.com)
IOB, Unitech, India Info, Ansal Infa, Shree Cem, Penin Land, OBC, Voltas, Bajaj Hind & India Bank
****Nifty**** ~May 30~
Nifty future premium converted to discount of 20 points.. Open interest increased by 5 lakh today. (new short position)
***Options**** ~ May 30~
Nifty call options add 25.5 lakh and put options add 23 lakh in open interest. Thus open interest put-call ratio decreased to 1.86.
happy trading and investing.
- dr.jignesh shah
