********Technicals***** ~May 20~
Nifty open with a gap but recovered at end making long lower shadow.
Now support will be at 5100,5060.
Below 5000 nifty will be converted into downtrend.
Resistance is at 5250 and once 5250 is taken out then target will be 5450.
*********strong stock futures***** (www.crnindia.com)
JSW Steel, Cairn, SCI, Lupin, GE.Ship, Chambal Fert, LITL, Sterlite, Suzlon & SKumars
*******weak stock futures***** (www.crnindia.com)
Voltas, ACC, IOC, ONGC, BPCL, Shree Cem, GAIL, PFC, ABB & Dabur
****Nifty**** ~May 20~ (www.nseindia.com)
Nifty future discount remains at 5.4 points.. Open interest increased by 12 lakh today.
***Options**** ~ May 20~ (www.sharekhan.com)
Nifty call options add 3.6 lakh and put options shed 4 lakh in open interest. Thus open interest put-call ratio decreased to 1.43.
********Fund flow*** ~May 16~ (www.sebi.gov.in)
~FII index fut +74 cr..(+1384 cr in may series).
~FII stock fut +384 cr.(-932 cr in may series).
~FII cash +57 cr (+ 1061cr in may series).
~Mut cash data not available (-42 cr in may series).
*******total fund flow +515 cr today & nifty was up by 42 points.
*******So far net fund flow of +1471 cr in may series. (so far nifty is up in may series from 5000-settelment price as closed at 5157)
*********notice*****
As I am going for vacation, update will be done from may 31.
happy trading and investing.
- dr.jignesh shah
