Friday, July 25, 2008

NIFTY ANALYSIS FOR JULY 28




********Technicals*****
Nifty is in uptrend and is correcting downwards.
Support is at 4250-4200.
Target of 4500 achieved and above it target remains at 4700. We may go higher also.
****Nifty**** ~ July 25~
Nifty july future premium increased to 17 points. Open interest increased by 9 lacs today. (new long --- bullish)

***Options**** July 25~
Nifty call options add 12 lacs and put options shed 18 lacs in open interest. Thus open interest put-call ratio decreased to 1.37.(bearish)
********Fund flow*** ~July 24~
~FII index fut + 545 cr
~FII stock fut –276 cr
~FII cash + 556 cr
~Mut cash – 485 cr
*******total fund flow +340 cr today & still nifty was down by 43 points. !!!!!!!!!
*******So far net fund flow of +9243 cr in July series. (so far nifty is up in July series from 4315- the settlement price)
******* Net fund flow of -8071 cr was in June series.
happy trading and investing.
-dr.jignesh shah