********Technicals***** ~May 12~
Nifty make a comeback. Today’s trade is important to judge that follow-up buying is coming or not.
Nifty took support on the rising trendline and also make long lower shadow which is bullish.
Below 4950,4900 nifty will be converted into downtrend from correction mode.
*********strong stock futures***** (www.crnindia.com)
Cairn, Praj Indus, Polaris, Bombay Dyeing, Wipro, Uniphos, Tata Steel, JSW Steel, Chambal fert & Satyam.
.*******weak stock futures***** (www.crnindia.com)
Ultra Cem, Grasim, India Cem, Shree Cem, BPCL, ACC, Pantaloon, Crompton Greaves, IOC & Sobha..
****Nifty**** ~May 12~
Nifty future premium increased to 10 points. So cost of carry increased. Open interest decreased by 2 lakh today. Suggest short covering.
***Options**** ~ May 9~
Nifty call options add 2 lakh and put options add 22 lakh in open interest. Thus open interest put-call ratio increased to 1.46 from 1.37. (very positive for market)
********Fund flow*** ~May 9~
~FII index fut – 493 cr..(+ 343 cr in may series).
~FII stock fut – 85 cr.(- 1491 cr in may series).
~FII cash – 370 cr (-95 cr in may series).~Mut cash – 333 cr (- 125 cr in may series).
*******total fund flow -1281 cr today & nifty was down by 99 points.
*******So far net fund flow of -1368 cr in may series. (so far nifty is down in may series from 5000-settelment price as nifty closed at 4980)
