********Technicals*****Nifty in downtrend.
Nifty at major support areas in price, rsi , macd, stochstic charts.
Long lower shadow formed today after gap down opening which is very bullish.
If today’s low not visited at all tomorrow then forget about further downside in markets.( I am now bullish about markets now for short term)
Support remains at 4500,4400..
Resistance is at 4540,46304720.
*********strong stock futures***** (www.crnindia.com)
Lupin, Cairn, Mphasis, Nicholas Piramal, National Alum, Sun Pharma, Ranbaxy, Jsw Steel, Infosys & Dr.Reddy.
*******weak stock futures***** (www.crnindia.com)
Unitech, Ansal Prop, Peninland, IDFC, Bombay Dyeing, India Info, Neyveli, Lanco, Bharat Petro & Sobha.
****Nifty****~June9~
Nifty future discount increased to 34 points. Open interest increased by 8 lakh today. (new short position)
***Options**** ~ June 9~
Nifty call options add 28 lakh and put options add 35 lakh in open interest. Thus open interest put-call ratio decreased to 1.50.
********Fund flow*** ~June 6~
~FII index fut +54 cr
~FII stock fut +253 cr
~FII cash +326 cr
~Mut cash +400 cr
*******total fund flow + 1033cr today BUT nifty was down by 49 points.
*******So far net fund flow of -2655 cr in june series. (so far nifty is down in june series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
