Thursday, August 14, 2008

NIFTY ANALYSIS FOR AUGUST 14

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 and is correcting downwards.

***Nifty**** ~ August 13~
Nifty august future premium increased to 21 points. Open interest decreased by 9 lacs today. ( long unwinding------ bullish)
***Options**** August 13~
open interest put-call ratio decreased to 1.24.(bearish)

********Fund flow*** ~ August 12~
~FII index fut – 767 cr

~FII stock fut –213 cr

~FII cash – 402 cr

~Mut cash - 266 cr
*******total fund flow - 1648 cr today & nifty was down by 68 points.
*******So far net fund flow of +1015 cr in August series. (So far nifty is up in August series)