Thursday, July 24, 2008


Nifty is in uptrend.
Nifty took only 5 days to reach above 4315 from 3790 while it took 15 days to reach from 4315 to 3790 suggest bulls are very strong now.
Today nifty also closed above 50 day average.
4500 almost achieved and target remains at 4700 and we may go higher also.
****Nifty**** ~ July 23~
Nifty july future premium increased to 14 points. Open interest increased by 12 lacs today. (new long --- bullish)
***Options**** July 23~
Nifty call options shed 26 lacs and put options add 32 lacs in open interest. Thus open interest put-call ratio increased to 1.45.(bullish)
********Fund flow*** ~July 22~
~FII index fut +826 cr
~FII stock fut –242 cr
~FII cash – 390 cr
~Mut cash +372 cr
*******total fund flow +566 cr today & nifty was up by 80 points.
*******So far net fund flow of + 5026 cr in July series. (but so far nifty was 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