NIFTY ANALYSIS FOR JULY 1

NIFTY IS OVERSOLD NOW.
UPWARD BREAKOUT IS IMMINENT NOW.

********Technicals*****
Nifty is in downtrend and is oversold.
Support is at 3975
Resistance is at 4150-4190.
*********strong stock futures***** (http://www.crnindia.com/)
Finan Tech, Glaxo, SRF, Cipla, Dr.Reddy, Sun Pharma, Ranbaxy, Cairn, Lupin & RPL.
*******weak stock futures***** (http://www.crnindia.com/)
Air Deccan, Ansal Infra, Sobha, IFCI, Triveni, GMR Infra, Parsvnath, HCC, Peninland & Alok Text.
****Nifty**** ~ June 30~
Nifty july future discount increased to 68 points. Open interest increased by 7 lacs today. (new short position--- bearish)
***Options**** June 30~
Nifty call options add 24 lacs and put options add 6 lacs in open interest. Thus open interest put-call ratio decreased to 0.97.(bearish)

********Fund flow*** ~June 27~
~FII index fut -650cr

~FII stock fut +137cr

~FII cash -794cr(prov)

~Mut cash +4cr
*******total fund flow -1306 cr today & nifty was down by 170 points. (bearish)
*******So far net fund flow of -1306 cr in July series. (So far nifty is down in July series from 4315- the settlement price)
******* Net fund flow of -8071 cr in June series.
happy trading and investing.
- dr.jignesh shah