********Technicals*****Nifty is in downtrend and is correcting upward.
RSI is at resistance, MACD converging and stochastics is in buy mode.
Support is at 4250-4190-4080-4050.
Resistance is at 4340.
*********strong stock futures***** (http://www.crnindia.com/)
NDTV, SRF, Mahindra Gesco, Finan Tech, Escorts, Cipla, JSW Steel, Chambal Fert, Renuka & Glaxo.
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Infra, Air Deccan, Sobha, IFCI, Peninland, Parsvnath, IOB, MRPL, Triveni & Wock Pharma.
****Nifty**** ~ June 26~
Nifty july future discount increased to 70 points!!!!!!!!!.(bearish). Open interest increased by 83 lacs today. (new short position--- bearish)
***Options**** ~ June 26~
Nifty call options add 37 lacs and put options add 32 lacs in open interest. Thus open interest put-call ratio increased to 1.11.(bullish)
********Fund flow*** ~June 25~
~FII index fut +1100cr
~FII stock fut -283cr
~FII cash -107cr(prov)
~Mut cash +335cr (prov)
*******total fund flow +1045 cr today & nifty was up by 61 points. (BULLISH)
*******So far net fund flow of - 9101cr in June series. (So far nifty was down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
