********Technicals*****
Nifty is in uptrend.
Profit booking correction can come again.
Target of 4500 achieved and above it target remains at 4700.
****Nifty**** ~ August 4~
Nifty august future premium decreased to 10 points. Open interest increased by 2 lacs today. ( new short ------bearish)
***Options**** August 4~
Nifty call options add 18 lacs and put options add 9 lacs in open interest. Thus open interest put-call ratio decreased to 1.28.(bearish)
********Fund flow*** ~ August 1~
~FII index fut + 460 cr
~FII stock fut –733 cr
~FII cash -342 cr
~Mut cash +226 cr
*******total fund flow -389 cr today but nifty was up by 81 points.
*******So far net fund flow of -389 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 +15 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
