Friday, August 1, 2008

FOR AUGUST 1


********Technicals*****
Nifty is in uptrend.
Target of 4500 achieved and above it target remains at 4700. We may go higher also.
****Nifty**** ~ July 31~
Nifty august future premium decreased to 4 points. Open interest decreased by 102 lacs today. (long unwinding ------bearish)
***Options**** July 31~
open interest put-call ratio decreased to 1.30.(bearish)

********Fund flow*** ~July 30~
~FII index fut + 1433 cr
~FII stock fut +14 cr
~FII cash -392 cr
~Mut cash +690 cr
*******total fund flow +1745 cr today & nifty was up by 124 points.
*******So far net fund flow of +4926 cr in July series.
******* Net fund flow of -8071 cr in June series