********Technicals*****
Nifty is in uptrend.
Today nifty traded above 4539 but does not close above it.
Long upper shadow also formed today which is bearish.
I said that profit booking can come and it came today at higher levels, so time being nifty will be in range of 4450-4600 and 4360 will be solid support.
****Nifty**** ~ August 6~
Nifty august future premium decreased to 9 points. Open interest increased by 9 lacs today. ( new short ------ bearish)
***Options**** August 6~
Nifty call options add 24 lacs and put options add 23.7 lacs in open interest. Thus open interest put-call ratio decreased to 1.32.(bearish)
********Fund flow*** ~ August 5~
~FII index fut + 1012 cr
~FII stock fut – 506 cr
~FII cash + 64 cr
~Mut cash + 198 cr
*******total fund flow +768 cr today & nifty was up by 107 points.
*******So far net fund flow of -901 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
