Tuesday, July 22, 2008

NIFTY ANALYSIS FOR JULY 23



********Technicals*****
Nifty is now in uptrend as it closed above 4200.
Now nifty will be in strong rally with targets of 4500-4700.
****Nifty**** ~ July 22~
Nifty july future premium increased to 9 points. Open interest increased by 2 lacs today. (new long --- bullish)
***Options**** July 22~
Nifty call options add 31 lacs and put options add 18 lacs in open interest. Thus open interest put-call ratio decreased to 1.24.(bearish)
********Fund flow*** ~July 21~
~FII index fut +2006 cr!!!!!!!!!!!!!!!!
~FII stock fut –136 cr
~FII cash – 118 cr
~Mut cash – 201 cr
*******total fund flow +1551 cr today & nifty was up by 67 points.
*******So far net fund flow of +4460 cr in July series. (but so far nifty is down in July series from 4315- the settlement price)!!!!!!!!!!!!!!!!!!!!!!!1
******* Net fund flow of -8071 cr in June series
happy trading and investing.
- dr.jignesh shah