NIFTY ANALYSIS FOR JULY 10

********Technicals*****
Nifty is now in uptrend.
Yesterday’s candle was isolated candle as y’day nifty open with gap down and today nifty opens with gap up suggest pattern of ‘abanded baby’ or ‘island revrsal’ which is very bullish. .
*********strong stock futures***** (www.crnindia.com)
Penin Land, Rel.Capital, India Info, Orchid Chem, APIL, Bata India, Finan Tech, BHEL, Praj Indu & Rolta.
*******weak stock futures***** (www.crnindia.com)
Sobha, S.Kumar, MRPL, National Alum, Parsvnath, Moser Baer, Jet Airways, IOB, Wock Pharma & Alok Text.
****Nifty**** ~ July 9~
Nifty july future discount decreased to 20 points. Open interest decreased by 8 lacs today. (short covering--- bullish)
***Options**** July 9~
Nifty call options add 3.5 lacs and put options add 24 lacs in open interest. Thus open interest put-call ratio increased to 1.26.(bullish)
********Fund flow*** ~July 8~
~FII index fut -654cr

~FII stock fut +94cr

~FII cash +180cr

~Mut cash +227cr
*******total fund flow -153 cr today & nifty was down by 41 points.
*******So far net fund flow of +265 cr in July series. (‘BUT’ so far nifty is down in July series from 4315- the settlement price)-------------very bullish--------------
******* Net fund flow of -8071 cr in June series.

happy trading and investing.
- dr.jignesh shah