Wednesday, July 16, 2008

NIFTY ANALYSIS FOR JULY 16


********Technicals*****
Nifty is in now in downtrend.
*********strong stock futures***** (http://www.crnindia.com/)
Dabur, NTPC, MTNL, Ambuja Cem, Cipla, Dr.Redddy, ONGC, Hind Petro, HindUniLvr & Power Grid.
*******weak stock futures***** (http://www.crnindia.com/)
Ranbaxy, ICICI Bank, Century Text, IVRCL, HCL, Wipro, PunjLloyd, HDFC, HDFC Bank & Andhra Bank.
****Nifty**** ~ July 15~
Nifty july future discount increased to 32 points. Open interest increased by 18 lacs today. (new short --- bearish)
***Options**** July 15~
Nifty call options add 28 lacs and put options shed 34 lacs in open interest. Thus open interest put-call ratio decreased to 1.01.(bearish)

happy trading and investing.
- dr.jignesh shah