********Technicals***** ~May 5~
Nifty is in much awaited correction mode. It closed above 200 DMA for the forth time.
Support is now at 5150-5160.
*********strong stock futures***** (www.crnindia.com)
.Praj Indus, Sesa Goa, Bombay Dyeing, Kotak Bank, LITL, JP Asso, Chambal Fert, TVS Motor, Unitech & PFC
.*******weak stock futures***** (www.crnindia.com)
Grasim, Shree Cem, Siemens, Indian Cem, ACC, Ultratech Cem Co, Crompton Greaves, ABB, National Alum & S.Kumars.
****Nifty**** ~May 5~
Nifty future premium decreased to 8 points. So cost of carry decreased. Open interest increased by 2 lakh today. Suggest new short position.( negative for market)
***Options**** ~ May 5~
Nifty call options add 7 lakh and put options add 11 lakh in open interest. Thus open interest put-call ratio increased to 1.41. (positive for market as nifty was down today and PCR increased today)
********Fund flow*** ~May 2~
~FII index fut +1155 cr..(+2709 cr in may series).
~FII stock fut +59 cr.(-487 cr in may series).
~FII cash +720 cr(+1412 cr in may series).
~Mut cash -76 cr(+33 cr in may series).
*******total fund flow +1858 cr today & nifty was up by 62 points.
*******So far net fund flow of +3667 cr in May series. (So far nifty is up in May series from 5000-settelment price)
happy trading and investing.
- dr.jignesh shah
