NIFTY ANALYSIS FOR JULY 25

********Technicals*****
Nifty is in uptrend.
AS EXPECTED CORRECTION OF PROFIT BOOKING CAME TODAY.
Long upper shadow formed today which is bearish.
Support is at 4380-4250.
Target of 4500 achieved and above it target remains at 4700. we may go higher also.
****Nifty**** ~ July 24~
Nifty july future premium decreased to 11 points. open interest decreased by 2 lacs-long unwinding.(bearish)
***Options**** July 24~
open int put-call ratio increased to 1.48(bullish)

********Fund flow*** ~July 23~
~FII index fut + 2399cr !!!!!!!!!!!!!!
~FII stock fut – 491 cr
~FII cash + 1635 cr !!!!!!!!!!!!!
~Mut cash + 334 cr
*******total fund flow + 3877 cr today & nifty was up by 237 points.
*******So far net fund flow of + 8903 cr in July series. (so far nifty is up in July series from 4315- the settlement price)
******* Net fund flow of -8071 cr in June series.
happy trading and investing.
-dr.jignesh shah