NIFTY ANALYSIS FOR AUGUST 18

********Technicals*****
Nifty is in uptrend and is correcting downwards.
Fibo. Targets for correction are 4453, 4405,4357.
Resistance will be at 8 dma at 4491.
Support will be at 34 dma at 4379.

***Nifty**** ~ August 14~
Nifty august future premium decreased to 6 points. Open interest increased by 10.6 lacs today. ( new short---bearish)
***Options**** August 14~
Nifty call options add 15.6 lacs and put options shed 11 lacs in open interest. Thus open interest put-call ratio decreased to 1.15.(bearish)

********Fund flow*** ~ August 13~

~FII index fut –550cr

~FII stock fut –203cr

~FII cash -646 cr

~Mut cash - 175cr
*******total fund flow - 1574 cr today & nifty was down by 23 points.
*******So far net fund flow of -559 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