NIFTY ANALYSIS FOR JULY 8

********Technicals*****
Nifty is in consolidation range of 3800-4100.

NIFTY FACING STRONG RESISTANCE AT 4100
Once 4100 is taken out nifty will be in perfect uptrend.
*********strong stock futures***** (http://www.crnindia.com/)
Bata India, Finan Tech, Orchid Chem, Satyam, GTL, Renuka, Crompton, Glaxo, Praj Indu & ONGC
*******weak stock futures***** (http://www.crnindia.com/)
Sterlite, Sobha, MRPL, S.Kumars, Jet Airways, Parsvnath, Shree Cem, Alok Text, IOB & Tata Motors.
****Nifty**** ~ July 7~
Nifty july future discount increased to 49 points. Open interest increased by 5 lacs today. (new short --- bearish)
***Options**** July 7~
Nifty call options shed 9lacs and put options add 16 lacs in open interest. Thus open interest put-call ratio increased to 1.19.(bullish)
********Fund flow*** ~July 4~
~FII index fut -215cr

~FII stock fut +221cr

~FII cash +572cr

~Mut cash -65cr
*******total fund flow +513 cr today & nifty was up by 90 points.(bullish)
*******So far net fund flow of – 190 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