********Technicals*****Nifty in downtrend.
Long lower shadow(hammer) formed which is bullish. But follow up buying is required for further upmove to sustain.
Support remains at 4625.
Resistance is at 4740,4825
*********strong stock futures***** (www.crnindia.com)
JSW Steel, Chambal Fert, Lupin, Devi Lab, Ranbaxy, Infosys, IFCI, Dr.Reddy, Sun Pharma & Nicholas Piramal.
*******weak stock futures***** (www.crnindia.com)
Air Deccan, Shree Cem, Unitech, Ansal Infa, PeneinLand, Balrampur Chini, Indian Bank, Triveni, IOB & Union Bank.
****Nifty**** ~ June 3~
Nifty future discount decreased 8 points.. Open interest increased by 19 lakh today. (new long position)
***Options**** ~ June 3~
Nifty call options add 10 lakh and put options add 13 lakh in open interest. Thus open interest put-call ratio decreased to 1.67.
********Fund flow*** ~May 30~
~FII index fut +32 cr.
~FII stock fut -364 cr
~FII cash +254 cr
~Mut cash +451cr
*******total fund flow +373 cr today & nifty was up by 35 points.
********Fund flow*** ~June 2~
~FII index fut -923 cr
~FII stock fut+390 cr
~FII cash -369 cr
~Mut cash -157cr
*******total fund flow -1059 cr today & nifty was down by 130 points.
*******So far net fund flow of -686 cr in june series. (so far nifty is down in june series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah
