-chart shows the downtrendline....... nifty was near the line at close, if broken(above 5160) correction will end.********Technicals***** ~May 6~
Nifty is in correction mode.
Support is now at 5080-5000.
****Nifty**** ~May 6~
Nifty future premium increased to 18 points. So cost of carry increased. Open interest increased by 7 lakh today. Suggest new long position.( positive for market)
***Options**** ~ May 6~
Nifty call options add 2 lakh and put options add 4 lakh in open interest. Thus open interest put-call ratio increased to 1.415
********Fund flow*** ~May 5~
~FII index fut -201 cr..(+2508 cr in may series).
~FII stock fut - 232cr.(-719 cr in may series).
~FII cash –311 cr (+1101cr in may series).
~Mut cash +141cr (+174 cr in may series).
*******total fund flow -603 cr today & nifty was down by 36 points.
*******So far net fund flow of +3064 cr in may series. (so far nifty is up in may series from 5000-settelment price)
