********Technicals***** ~May 16~
Nifty consolidated it”s recent gain today and closed above 5150.
Now support will be at 5100,5060.
Resistance is at 5250 and once 5250 is taken out then target will be 5450.
*********strong stock futures***** (www.crnindia.com)
JSW Steel, Lupin, Chambal Fert, SCI, GE.Ship, Matrix, Cairn, National Alum, Sesa Goa & Praj Indus
*******weak stock futures***** (www.crnindia.com)
ACC, Shree Cem, Voltas, IOC, Ultra Cem, Kesoram, ONGC, Grasim, GAIL & BPCL.
****Nifty**** ~May 16~ (www.nseindia.com)
Nifty future discount increased to 5.4 points. So cost of carry decreased. Open interest decreased by 3 lakh today. Suggest long unwinding.
***Options**** ~ May 16~ (www.sharekhan.com)
Nifty call options add 9 lakh and put options add 18 lakh in open interest. Thus open interest put-call ratio increased to 1.47.
********Fund flow*** ~May 15~ (www.sebi.gov.in)
~FII index fut +173 cr..(+1310 cr in may series).
~FII stock fut +149 cr.(-1316 cr in may series).
~FII cash +770 cr (+1004 cr in may series).
~Mut cash +310 cr (-42 cr in may series).
*******total fund flow +1402 cr today & nifty was up by 103 points.
*******So far net fund flow of +956 cr in may series. (so far nifty is up in may series from 5000-settelment price as closed at 5115)
happy trading and investing.
- dr.jignesh shah
