THIS CHART SHOWS RSI(14), MACD, SLOW STOCHASTIC.BUY SIGNAL GENERATED IN PARABOLIC SAR, STOCHASTIC.
MACD IS CONVERGING.
BUT RSI STILL IN DOWNTREND.
THIS CHART SHOWS RSI(5), MOMENTUM, FAST STOCHASTIC.
********Technicals*****
Nifty in downtrend and is in consolidation range of 4400-4550. breakout will give direction.
Support is at 4470, 4410, 4350.
Resistance is at 4550,4640,
*********strong stock futures***** (www.crnindia.com)
Chambal Fert, Ranbaxy, Aurobindo Pharma, Lupin, Dr.Reddy, Nicholas Piramal, Sun Pharma, S.Kumars, Divi Lab & Crompton Greaves.
*******weak stock futures***** (www.crnindia.com)
Ansal Prop, LITL, Patel Eng, GMR Infra, Unitech, APIL, BPCL, India Info, Sobha & Hind Petro.
****Nifty**** ~ June 13~
Nifty future discount increased to 32 points. Open interest increased by 9 lakh today. (new ‘short’ position---bearish)
***Options**** ~ June 13~
Nifty call options add 7 lakh and put options add 10 lakh in open interest. Thus open interest put-call ratio remains at 1.61.
********Fund flow*** ~June 12~
~FII index fut -323cr
~FII stock fut -390 cr
~FII cash -1142 cr
~Mut cash +540cr (prov)
*******total fund flow -1315 cr today BUT nifty was up by 16 points.(bearish)
*******So far net fund flow of -7437 cr in June series. (So far nifty is down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
