********Technicals*****
Nifty will be sideways between 4200-4450 for some time with downward bias.
***Nifty**** ~ August 22~
Nifty august future premium converted to discount of 3 points. Open interest decreased by 3 lacs today. ( long unwinding---bearish)
***Options**** August 22~
Nifty call options add 3.4 lacs and put options add 6.5 lacs in open interest. Thus open interest put-call ratio increased to 1.02.(bullish)
********Fund flow*** ~ August 21~
~FII index fut -1177 cr!!!!!!!!!!!!!
~FII stock fut – 10 cr
~FII cash -278 cr
~Mut cash -98 cr
*******total fund flow -1563 cr today & nifty was down by 130 points.
*******So far net fund flow of -7000 cr in August series. (So far nifty is down in August series).so fund flow suggest more downside is possible.
***********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
