********Technicals*****Nifty in downtrend but correcting up.
Today swing reversal occurs with best volume in last few days.
Stochastic suggest that upmove should continue.
Support remains at 4550..
Resistance is at 4700,4825.
*********strong stock futures***** (www.crnindia.com)
ChambaI Fert, Wipro, JSW Steel, Infosys, DR.Reddy, Sun TV, Jet Airways, Divi Lab, HCL & Ranbaxy
*******weak stock futures***** (www.crnindia.com)
Ansal Infra, Triveni, Unitech, Renuka, LITL, BOI, Air Deccan, Indian Bank, Shree Cem & Balrampur Chini..
****Nifty**** ~ June 5~
Nifty future discount converted to premium of 3 points. Open interest decreased by 13 lakh today. (short covering)
***Options**** ~ June 5~
Nifty call options add 7 lakh and put options add 20 lakh in open interest. Thus open interest put-call ratio increased to 1.64.
********Fund flow*** ~June 4~
~FII index fut +82 cr
~FII stock fut+226 cr
~FII cash -877 cr
~Mut cash +185cr
*******total fund flow -384 cr today & nifty was down by 134 points.
*******So far net fund flow of -3442 cr in june series. (so far nifty is down in june series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
