********Technicals*****Nifty in downtrend.
Big black candle formed today. No sign of reversal yet.
RSI forming falling wedge and macd at support area so any upmove will also be very sharp.
Support remains at 4550,4500,4450.
Resistance is at 4740,4825
*********strong stock futures***** (www.crnindia.com)
IPCL, Nicholas Piramal, JSW Steel, Lupin, Chambal Fert, Ranbaxy, Infosys, Glaxo, Wipro & Dr.Reddy.
*******weak stock futures***** (www.crnindia.com)
Unitech, Air Deccan, Ansal Infa, Shree Cem, Rel.Energy, PeneinLand, Triveni, R.Capital, Sobha & JP Asso.
****Nifty**** ~ June 4~
Nifty future discount increased 16 points.. Open interest increased by 10 lakh today. (new short position)
***Options**** ~ June 4~
Nifty call options add 17 lakh and put options add 14 lakh in open interest. Thus open interest put-call ratio decreased to 1.59.
********Fund flow*** ~June 3~
~FII index fut -1395 cr
~FII stock fut -96 cr
~FII cash – 1005 cr
~Mut cash +124 cr
*******total fund flow -2372 cr today & nifty was down by 24 points.
*******So far net fund flow of -3058 cr in june series. (so far nifty is down in june series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
