THIS CHART SHOWS THAT SHORT TERM TREND WILL BE UP.RSI(5) - BREAKS DOWNTREND.
MOMENTUM- BREAKS DOWNTREND.
ROC- BREAKS DOWNTREND
RSI(14)- STILL IN DOWNTREND.
MACD- CONVERGING, TAKES SUPPORT AT TRENDLINE.
STOCHASTIC- IN BUY MODE.
********Technicals*****
Nifty in downtrend and is correcting upwards.
NIFTY CROSSED,SUSTAINED AND CLOSED ABOVE 4550.
But long upper shadow formed today.
Support is at 4550.
Resistance is at 4640,
*********strong stock futures***** (www.crnindia.com)
Chambal Fert, Ranbaxy, Crompton Greaves, Lupin, Aurobindo Pharma, Sun Pharma, Dr.Reddy, S.Kumars, Nagar Fert & Praj Indus
*******weak stock futures***** (www.crnindia.com)
Ansal Prop, APIL, JP Asso, GMR Infra, Hind Petro, LITL, Sobha, BPCL, Patel Eng & Century Textile.
****Nifty**** ~ June 16~
Nifty future decreased to 1 point. Open interest decreased by 14 lakh today. ( ‘short’ covering---bullish)
***Options**** ~ June 16~
Nifty call options add 2.5 lakh and put options add 1.3 lakh in open interest. Thus open interest put-call ratio decreased to 1.60.(bearish)
********Fund flow*** ~June 13~
~FII index fut +167cr
~FII stock fut +224cr
~FII cash -52cr
~Mut cash +457cr (prov)
*******total fund flow +796 cr today BUT nifty was down by 22 points.(BULLISH)
*******So far net fund flow of -6953 cr in June series. (So far nifty is down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
