********Technicals*****
Nifty uptrend gets terminated today.
Much needed close above 4440 did not happen which I was insisting since 3 days.
Best possibility is that nifty will be sideways between 4200-4450 for some time with downward bias..
***Nifty**** ~ August 21~
Nifty august future premium decreased to 3 points. Open interest increased by 4 lacs today. ( new short---bearish)
***Options**** August 21~
Nifty call options add 27 lacs and put options add 0.5 lacs in open interest. Thus open interest put-call ratio decreased to 1.01.(bearish)
********Fund flow*** ~ August 20~
~FII index fut +406 cr
~FII stock fut – 392 cr
~FII cash – 285 cr
~Mut cash + 78 cr
*******total fund flow - 193 cr today & nifty was up by 48 points.
*******So far net fund flow of - 5437 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
