NIFTY ANALYSIS FOR AUGUST 26

********Technicals*****
Nifty is trading sideways between 4200-4450.
Today long upper shadow formed which is very bearish.
***Nifty**** ~ August 25~
Nifty august future discount converted to premium of 1.6 points. Open interest decreased by 0.3 lacs today. ( short covering---bullish)
***Options**** August 25~
Nifty call options shed 4 lacs and put options add 15 lacs in open interest. Thus open interest put-call ratio increased to 1.07.(bullish) implied volatility increased by 250-300 basis points(bearish)
********Fund flow*** ~ August 22~
~FII index fut -507 cr
~FII stock fut – 16 cr
~FII cash -121 cr
~Mut cash + 181 cr
*******total fund flow - 463 cr today & still nifty was up by 43 points.
*******So far net fund flow of -7463 cr in August series. (So far nifty is down 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