NIFTY ANALYSIS FOR AUGUST 6

''''BEARS WILL BE CRUSHED BY BULLS TODAY'''

********Technicals*****
Nifty is in uptrend.
Level of 4539 is crucial and above 4539 target is at 4770.
But profit booking can come at current level as stochastics is at overbought level.
****Nifty**** ~ August 5~
Nifty august future premium increased to 25 points!!!!!!!. Open interest increased by 7 lacs today. ( new long ------ bullish)
***Options**** August 5~
Nifty call options add 10 lacs and put options add 28 lacs in open interest. Thus open interest put-call ratio increased to 1.35.(bullish)

********Fund flow*** ~ August 4~
~FII index fut –227cr
~FII stock fut – 348cr
~FII cash -401 cr
~Mut cash -304 cr
*******total fund flow -1280 cr today & nifty was down by 18 points.
*******So far net fund flow of -1669 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