NIFTY ANALYSIS FOR JUNE 26

********Technicals*****
Nifty is in downtrend
SHORT TERM BOTTOM FORMED TODAY AT 4093/13736 AGAINST OUR TARGET OF 4050/13750..
Support is at 4250-4160-4080-4050
Resistance is at 4340.
*********strong stock futures***** (http://www.crnindia.com/)
SRF, Lupin, Ranbaxy, Renuka, Glaxo, Jet Airways, Finan Tech, NDTV, Balrampur C & Tata Tea.
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Infra, Air Deccan, Sobha, ALBK, National Alum, JP Asso, Wock Pharma, APIL, IFCI & Corp Bank
****Nifty**** ~ June 25~
Nifty future discount decreased to 8 points. Open interest increased by 25 lacs today. (new long position--- bullish)
***Options**** ~ June 25~
Nifty call options add 32 lacs and put options add 7 lacs in open interest. Thus open interest put-call ratio decreased to 1.01.(bearish)

********Fund flow*** ~June 24~
~FII index fut -714cr

~FII stock fut +60cr

~FII cash +290cr

~Mut cash +211cr
*******total fund flow -153 cr today & nifty was down by 75 points.(bearish)

*******So far net fund flow of -10146 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah