********Technicals***** ~May 13~No follow up buying visible today which makes y’day’s upmove short lived.
Nifty back in correction mode.
Strong support now is at 4950,4920,4900. resistance is at 5000,5060.
Below 4950,4900 nifty will be converted into downtrend from correction mode.
*********strong stock futures***** (http://www.crnindia.com/)
JSW Steel, Praj Indus, Orchid Cem, Mphasis, Tata Steel, GE.Ship, Satyam, National Alum, HCL Tech & Sesa Goa.
.*******weak stock futures***** (http://www.crnindia.com/)
Ultra Cem, ACC, India Cem, Grasim, BPCL, Shree Cem, Crompton Greaves, Cummins, MRPL & Peninland.
****Nifty**** ~May 13~
Nifty future premium decreased to 8 points. So cost of carry decreased. Open interest increased by 16 lakh today. Suggest new short position.
***Options**** ~ May 13~
Nifty call options add 11.6 lakh and put options add 10 lakh in open interest. Thus open interest put-call ratio decreased to 1.43 from 1.46.
********Fund flow*** ~May 12~
~FII index fut + 175 cr..(+ 518cr in may series).
~FII stock fut +74 cr.(- 1417 cr in may series).
~FII cash – 125 cr (- 220cr in may series).
~Mut cash -65cr (- 180 cr in may series).
*******total fund flow +59 cr today & nifty was up by 42 points.
*******So far net fund flow of - 1309 cr in may series. ( BUT so far nifty is up in may series from 5000-settelment price as closed at 5012)
********Fund flow*** ~May 13~ provisional
~FII index fut +658 cr.
~FII cash +74 cr
~Mut cash+266cr
*******total fund flow +998 cr today but nifty was down by 55 points. (divergence so downside will be limited)
happy trading and investing.
- dr.jignesh shah
