NIFTY ANALYSIS FOR JULY 9

********Technicals*****
Nifty is in consolidation range of 3800-4100.
Today long lower shadow seen in nifty candle which is bullish.
*********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 8~
Nifty july future discount increased to 62 points. Open interest increased by 15 lacs today. (new short --- bearish)
***Options**** July 8~
Nifty call options shed 2.7 lacs and put options shed 2.6 lacs in open interest. Thus open interest put-call ratio remains at 1.19.(bullish)
********Fund flow*** ~July 7~
~FII index fut +634cr

~FII stock fut +272cr

~FII cash -342cr

~Mut cash +95cr (prov)
*******total fund flow +659 cr today & nifty was up by 14 points.
*******So far net fund flow of +469 cr in July series. (‘BUT’ 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