Sunday, July 13, 2008


**************** NIFTY WEEKLY CHART*************

*****************NIFTY DAILY CHART**********************

Nifty is in uptrend.
But uptrend seems to be in danger of termination before the targets achieved.
Alternately our market can go for sideway consolidation in 3800-4200 range.
Next week trading is important to decide.
*********strong stock futures***** (
Dabur, Orchid Chem, India Info, Penin Land, Voltas, SRF, Lupin, Hind Petro, BHEL & Strides.
*******weak stock futures***** (
Sobha, Moser Baer, S.Kumar, Parsvnath, BEML, Alok Text, LITL, Shree Cem, IOB & Tata Power
****Nifty**** ~ July 11~
Nifty july future discount increased to 27 points. Open interest decreased by 2 lacs today. (long unwinding--- bearish)
***Options**** July 11~
Nifty call options add 10 lacs and put options shed 3 lacs in open interest. Thus open interest put-call ratio decreased to 1.21.(bearish)
********Fund flow*** ~July 10~
~FII index fut +931cr
~FII stock fut -109cr
~FII cash -368cr
~Mut cash -198cr
*******total fund flow +256 cr today & nifty was up by 5 points.
*******So far net fund flow of +981 cr in July series. (So far nifty is down in July series from 4315- the settlement price)--BULLISH--
******* Net fund flow of -8071 cr in June series
happy trading and investing.
- dr.jignesh shah