nifty analysis for june 23

RSI IS AT CROSSROADS....IF TAKES SUPPORT AT THE GREEN LINE, HEAVY RECOVERY IS POSSIBLE AND IF BREAKS IT HEAVY FALL IS POSSIBLE.

********Technicals*****
Nifty is in downtrend with target of 4250.
Support is at 4290-4250
Resistance is at 4400-4450
*********strong stock futures***** (http://www.crnindia.com/)
SRF, Lupin, Glaxo, NDTV, Ranbaxy, Sun Pharma, S.Kumars, Crompton Greaves, Mphasis & Cipla.
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Infra, Sobha, JP Asso, APIL, Parsvnath, India Info, Bombay Dyeing, Penin Land, Century Text & GDL
****Nifty**** ~ June 20~
Nifty future discount decreased to 12 points. Open interest increased by 22lacs today. (new long position---bullish)
***Options**** ~ June 20~
Nifty call options add 23lakh and put options shed 10 lakh in open interest. Thus open interest put-call ratio decreased to 1.37.(bearish)
********Fund flow*** ~June 19~

~FII index fut -1291cr

~FII stock fut -154cr

~FII cash -374 cr

~Mut cash -99cr
*******total fund flow -1918 cr today & nifty was down by 78 points. (bearish)
*******So far net fund flow of - 8561cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah