********Technicals*****Nifty is in downtrend.
****Nifty**** ~ July 17~
Nifty july future discount increased to 21 points. Open interest decreased by 32 lacs today. (long unwynding--- bearish)
***Options**** July 17~
Nifty call options shed 18 lacs and put options add 21 lacs in open interest. Thus open interest put-call ratio increased to 1.08.(bullish)
********Fund flow*** ~July 16~
~FII index fut –69cr
~FII stock fut –213 cr
~FII cash -223cr
~Mut cash -31cr
*******total fund flow -536 cr today & nifty was down by 44 points.
*******So far net fund flow of -2916 cr in July series. (So far nifty is down in July series from 4315- the settlement price)
******* Net fund flow of -8071 cr in June series
happy trading and investing.
- dr.jignesh shah
