********Technicals*****Nifty is in uptrend and is correcting sideways.
Doji formed today which suggest confusion in market.
Nifty is correcting sideways in 4450-4600 is very bullish.
Above 4560 nifty will resume its uptrend again.
****Nifty**** ~ August 8~
Nifty august future premium increased to 17 points. Open interest increased by 9 lacs today. ( new long ------ bullish)
***Options**** August 8~
Nifty call options add 10.7 lacs and put options add 11.7 lacs in open interest. Thus open interest put-call ratio decreased to 1.32.(bearish)
********Fund flow*** ~ August 7~
~FII index fut + 118 cr
~FII stock fut – 277 cr
~FII cash -19 cr
~Mut cash -22 cr
*******total fund flow - 200 cr today but nifty was up by 6 points.
*******So far net fund flow of + 2323 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 +15 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
