********Technicals*****Nifty in downtrend.
Nifty at major support areas in price,rsi and macd charts.
If this support helds then recovery upto 4900 is possible otherwise nifty is heading for 4200.
Support remains at 4550,4500,4400..
Resistance is at 4720,4760.
*********strong stock futures***** (www.crnindia.com)
Infosys, HCL, Mphasis, ChambaI Fert, Sun TV, JSW Steel, Nicholas Piramal, Satyam, DR.Reddy & Jet Airways.
*******weak stock futures***** (www.crnindia.com)
Ansal Infra, LITL, Unitech, Triveni, PeninLand, Renuka, India Info, IOB, Indian Bank & BOB
****Nifty**** ~ June 6~
Nifty future premium converted to discount of 19 points. Open interest increased by 11 lakh today. (new short position)
***Options**** ~ June 6~
Nifty call options add 24 lakh and put options add 16 lakh in open interest. Thus open interest put-call ratio decreased to 1.53.
********Fund flow*** ~June 5~
~FII index fut +1035 cr
~FII stock fut -404 cr
~FII cash -1419 cr
~Mut cash +547cr
*******total fund flow -241 cr today BUT nifty was up by 91 points.(divergence in fund flow and market action)
*******So far net fund flow of -3683 cr in june series. (so far nifty is down in june series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
