********Technicals*****
Nifty is in downtrend and is correcting upwards.
Today nifty made new low in daily,weekly,monthly,quatarly charts and closed above last daily,monthly,quatarly close.
Engulfing bull pattern candle seen which is bullish.
When markets are at bottom then any recovery of around 5% generally leads to trend reversal.
But RSI is still in downtrend, so I will wait for RSI to break the trendline before claiming for trend reversal.
*********strong stock futures***** (http://www.crnindia.com/)
Finan Tech, Lupin, Glaxo, Cipla, Sun Pharma, RPL, Infosys, Satyam, Bata & ONGC.
*******weak stock futures***** (http://www.crnindia.com/)
Air Deccan, Jet Airways, Alok Text, IFCI, Sobha, MRPL, LITL, HCC, Adlabs Film & IOB.
****Nifty**** ~ July 2~
Nifty july future discount decreased to 29 points. Open interest decreased by 20 lacs today. (short covering--- bullish)
***Options**** July 2~
Nifty call options add 3.5 lacs and put options add 18 lacs in open interest. Thus open interest put-call ratio increased to 1.03.(bullish)
********Fund flow*** ~July 1~
~FII index fut -663cr
Nifty is in downtrend and is correcting upwards.
Today nifty made new low in daily,weekly,monthly,quatarly charts and closed above last daily,monthly,quatarly close.
Engulfing bull pattern candle seen which is bullish.
When markets are at bottom then any recovery of around 5% generally leads to trend reversal.
But RSI is still in downtrend, so I will wait for RSI to break the trendline before claiming for trend reversal.
*********strong stock futures***** (http://www.crnindia.com/)
Finan Tech, Lupin, Glaxo, Cipla, Sun Pharma, RPL, Infosys, Satyam, Bata & ONGC.
*******weak stock futures***** (http://www.crnindia.com/)
Air Deccan, Jet Airways, Alok Text, IFCI, Sobha, MRPL, LITL, HCC, Adlabs Film & IOB.
****Nifty**** ~ July 2~
Nifty july future discount decreased to 29 points. Open interest decreased by 20 lacs today. (short covering--- bullish)
***Options**** July 2~
Nifty call options add 3.5 lacs and put options add 18 lacs in open interest. Thus open interest put-call ratio increased to 1.03.(bullish)
********Fund flow*** ~July 1~
~FII index fut -663cr
~FII stock fut +258cr
~FII cash +174cr
~Mut cash +194cr
*******total fund flow -37 cr today & nifty was down by 144 points.
*******So far net fund flow of -1704 cr in July series. (So far nifty is down in July series from 4315- the settlement price)
*******total fund flow -37 cr today & nifty was down by 144 points.
*******So far net fund flow of -1704 cr in July series. (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
- dr.jignesh shah
