ANALYSIS FOR JUNE 12

********Technicals*****
Nifty in downtrend and is correcting upwards.
today nifty closed above last two days closing.
Follow up buying required to sustain upmove otherwise nifty will go for consolidation in 4350-4550 range.( I am still bullish in short term)
Support is at,4470,4410,4350..
Resistance is at 4640,.
*********strong stock futures***** (www.crnindia.com)
Ranbaxy, Lupin, Nicholas Piramal, Orchid Chem, Dr.Reddy, Sterling Bio, Sun Pharma, Cipla, Jet Airways & Divi's Lab.
*******weak stock futures***** (www.crnindia.com)
Ansal Prop, Lanco, Unitech, India Info, GMR Infra, Patel Eng, Sobha, Peninland, Alstom & PunjLloyd
****Nifty**** ~ June 11~
Nifty future discount increased to 27 points. Open interest increased by 8 lakh today. (new ‘short’ position---bearish)
***Options**** ~ June 11~
Nifty call options shed 14 lakh and put options add 19 lakh in open interest. Thus open interest put-call ratio increased to 1.65.(bullish)

********Fund flow*** ~June 10~

~FII index fut-1057cr

~FII stock fut +99cr

~FII cash -844cr

~Mut cash +296cr (prov)
*******total fund flow -1506 cr today & nifty was down by 51 points.
*******So far net fund flow of -5416 cr in june series. (so far nifty is down in june series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah