Monday, July 21, 2008


Nifty is now in consolidation with upward bias.
Resistance is at 4200.
Above 4200 nifty will be in strong rally with targets of 4700.
Support is at 3800.
****Nifty**** ~ July 21~
Nifty july future discount converted to premium of 6 points. Open interest decreased by 5 lacs today. (short covering --- bullish)
***Options**** July 21~
Nifty call options add 1.2 lacs and put options add 22 lacs in open interest. Thus open interest put-call ratio increased to 1.31.(bullish)
********Fund flow*** ~July 18~
~FII index fut + 1939cr !!!!!!!!!!!!!!!!!!!!!!

~FII stock fut +474 cr !!!!!!!!!!
~FII cash +589 cr !!!!!!!!!!
~Mut cash -130 cr
*******total fund flow +2872 cr today & nifty was up by 145 points.
*******So far net fund flow of +2909 cr in July series. (but 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