********Technicals*****nifty is in perfect downtrend.
but looking at chart above rsi is at support level so better to cut shorts now and wait for any upmoves to short again.
strong support is at 4625.
resistance will be at 4835.
***Nifty**** ~ June 2~
Nifty future discount decreased 17 points.. Open interest increased by 20 lakh today. (new long position)
***Options**** ~ June 2~
Nifty call options add 18 lakh and put options add 8 lakh in open interest. Thus open interest put-call ratio decreased to 1.70.
********Fund flow*** ~May 30~
~FII index fut +32 cr.
~FII stock fut -364 cr
~FII cash +110 cr (prov.)
~Mut cash +730cr (prov.)
*******total fund flow +508 cr today & nifty was up by 35 points.
*******So far net fund flow of +508 cr in june series. (so far nifty is up in june series from 4835-the settlement price)
happy trading and investing.
- dr.jignesh shah
