NIFTY ANALYSIS FOR JULY 7

********Technicals*****
Nifty is in consolidation range of 3800-4100.
Once again inside bar happened y’day.
Once 4100 is taken out nifty will be in perfect uptrend.
*********strong stock futures***** (http://www.crnindia.com/)
Finan Tech, Glaxo, Renuka, Lupin, Orchid Chem, ONGC, GTL, Bata, Tatan & Cipla.
*******weak stock futures***** (http://www.crnindia.com/)
Air Deccan, Jet Airways, Sobha, IFCI, MRPL, Adlabs Film, S.Kumars, LITL, IOB & Nagar Fert.
****Nifty**** ~ July 4~
Nifty july future discount decreased to 37 points. Open interest increased by 10 lacs today. (new long --- BULLISH)
***Options**** July 4~
Nifty call options shed 2 lacs and put options add 20 lacs in open interest. Thus open interest put-call ratio increased to 1.09.(bullish)
********Fund flow*** ~July 3~
~FII index fut +134cr

~FII stock fut +246cr

~FII cash -751cr
~Mut cash +271cr
*******total fund flow -100 cr only today & nifty was down by 173 points.(bullish)
*******So far net fund flow of -703 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