Tuesday, August 12, 2008

FOR AUGUST 13

Sometimes the best trades are not the winning ones that put money in your pocket; sometimes they are the ones that get you out of the market at the right time. ~ Phil Flynn



********Technicals*****
Nifty is in uptrend but now in danger.
engulfing bear formed today which is bearish.


****Nifty**** ~ August 12~
Nifty august future premium decreased to 8 points. Open interest decreased by 2 lacs today. ( long unwinding------ bearish)
***Options**** August 12~
Nifty call options add 15.5 lacs and put options add 0.5 lacs in open interest. Thus open interest put-call ratio decreased to 1.30.(bearish)

********Fund flow*** ~ August 11~
~FII index fut + 445 cr
~FII stock fut + 27 cr
~FII cash +410 cr
~Mut cash +455 cr
*******total fund flow +1337 cr today & nifty was up by 91 points.
*******So far net fund flow of +2663 cr in August series. (So far nifty is up in August series).
***********Past fund flow**********
~ Net fund flow of +6474 cr in July series. (Nifty +18 in series, closed at 4333)
~ Net fund flow of -8071 cr in June series (Nifty -520 in series, closed at 4315)

happy trading and investing.
-dr.jignesh shah