Monday, August 11, 2008

NIFTY ANALYSIS FOR AUGUST 12




********Technicals*****
Nifty is in uptrend.
Above 4560, nifty resumed its uptrend again.
Now 4560-4580 will be support area and 4470 will be solid support.
Target remains at 4770.

****Nifty**** ~ August 11~
Nifty august future premium decreased to 13 points. Open interest increased by 15 lacs today. ( new short------ bearish)

***Options**** August 11~
Nifty call options add 10.3 lacs and put options add 28 lacs in open interest. Thus open interest put-call ratio increased to 1.37.(bullish)
********Fund flow*** ~ August 8~
~FII index fut – 462 cr

~FII stock fut – 483 cr

~FII cash + 79 cr

~Mut cash - 131 cr
*******total fund flow - 997 cr today but nifty was up by 6 points!!!!!!!!!!!.
*******So far net fund flow of +1326 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 +18in 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