chart shows the trendline support of nifty which comes around 4900-4950.********Technicals***** ~May 9~
Nifty is in correction mode.
Big black candle formed today breaking imp support levels of 5080 and 5000.
Below 4950,4900 nifty will be converted into downtrend from correction mode.
*********strong stock futures***** (www.crnindia.com)
Praj Indus, Uniphos, Wipro, Sesa Goa, Tata Steel, Cairn, Maha Seamles, BRFL, Corp Bank & SCI.
*******weak stock futures***** (www.crnindia.com)
Ultra Cem, Shree Cem, ACC, India Cem, Rel.Capital, Grasim, RNRL, Sobha, BHEL & BPCL.
****Nifty**** ~May 9~
Nifty future premium decreased to 7 points. So cost of carry decreased. Open interest increased by 7 lakh today. Suggest new short position.
***Options**** ~ May 9~
Nifty call options add 9 lakh and put options add 10 lakh in open interest. Thus open interest put-call ratio decreased to 1.37 from 1.38.
********Fund flow***
~May 6~
~FII index fut -281 cr. ~FII stock fut -289 cr ~FII cash –747 cr ~Mut cash-26 cr
*******total fund flow -1343 cr today & nifty was down by 48 points.
~May 7~
~FII index fut -157 cr. ~FII stock fut -171 cr. ~FII cash +336 cr ~Mut cash -23cr *******total fund flow -15 cr today & nifty was down by 9 points.
~May 8~
~FII index fut -1234 cr..(+836 cr in may series).
~FII stock fut -227 cr.(-1406 cr in may series).
~FII cash –415 cr (+275cr in may series).
~Mut cash +83 cr (+ 42cr in may series).
*******total fund flow -1793 cr today & nifty was down by 55 points.
*******So far net fund flow of -87 cr in may series. (BUT so far nifty is up in may series from 5000-settelment price)
happy trading and investing.
- dr.jignesh shah
