Thursday, July 31, 2008

nifty analysis for jult 31

Nifty is in uptrend.
Target of 4500 achieved and above it target remains at 4700. We may go higher also.
****Nifty**** ~ July 30~
Nifty july future premium increased to 12 points. Open interest decreased by 5 lacs today. (short covering------bullish)
********Fund flow*** ~July 29~
~FII index fut – 1470 cr
~FII stock fut – 395 cr
~FII cash -349 cr
~Mut cash -249 cr
*******total fund flow -2463 cr today & nifty was down by 142 points.
*******So far net fund flow of +3181 cr in July series.
******* Net fund flow of -8071 cr in June series.
happy trading and investing.
-dr.jignesh shah