5 DAY RSI IN BSE SHOWS DIVERGENCE WHICH IS BULLISH.14 DAY RSI IN NIFTY IS AT SUPPORT AREA.
OTHERWISE ALL INDICATORS FAVOURS FURTHER DECLINE.
********Technicals*****
Nifty is in downtrend with target of 4250.
Support is at 4220-4190
Resistance is at 4340-4400
*********strong stock futures***** (http://www.crnindia.com/)
SRF, NDTV, Lupin, Glaxo, Cipla, ONGC, S. Kumars, Infosys, Mphasis & Zee.
*******weak stock futures***** (http://www.crnindia.com/)
Sobha, Ansal Infra, JP Asso, Alstom, PunjLloyd, Rel.Capital, Peninland, Unitech, BOI & Parsvnath
****Nifty**** ~ June 23~
Nifty future discount converted to premium of 1 point. Open interest decreased by 22 lacs today. (short covering---bullish)
***Options**** ~ June 23~
Nifty call options add 24lakh and put options shed 26 lakh in open interest. Thus open interest put-call ratio decreased to 1.19.(bearish)
********Fund flow*** ~June 20~
~FII index fut -1429cr
~FII stock fut +161cr
~FII cash -1012cr
~Mut cash +563cr (prov)
*******total fund flow -2039 cr today & nifty was down by 156 points.
*******So far net fund flow of -10600 cr in June series. (So far nifty is down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
