NIFTY ANALYSIS FOR AUGUST 19

********Technicals*****
Nifty is in uptrend and is correcting downwards.
Fibo. Targets for correction are 4453(achieved), 4405(achieved),4357.
Resistance will be at 8 dma at 4469
Support will be at 34 dma at 4379.

***Nifty**** ~ August 18~
Nifty august future premium increased to 16 points. Open interest increased by 8 lacs today. ( new long---bullish)
***Options**** August 18~
Nifty call options add 4 lacs and put options add 1 lacs in open interest. Thus open interest put-call ratio decreased to 1.14.(bearish)

********Fund flow*** ~ August 14~
~FII index fut – 859cr
~FII stock fut – 223 cr
~FII cash -396cr
~Mut cash - 419cr
*******total fund flow - 1897 cr today & nifty was down by 98 points.
*******So far net fund flow of - 2456 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