Nifty is in terminal phase of downtrend and is correcting upwards.
Downside supports are at 3880, 3800.
Resistance will be at 4010, 4080.
Above 4120 downtrend will be terminated.
***Derivatives (September 30)
-Nifty (October) future premium decreased to 6 points and around 6 lakh shares were shed in open interest with decrease in the cost of carry, indicating long unwinding at higher levels.
-Nifty call option add 9 lakh shares in open interest, whereas put option add 18 lakh shares in open interest. Thus open interest put-call ratio increased to 0.93.
-Implied volatility has decreased marginally which indicate stability in the coming days.
***Fund flow (September 29)
~FIIs net in Index fut. – 480 cr
~FIIs net in Stock Fut. – 66 cr
~FIIs in Cash Market + 387 cr!!!!!!!!!!!!!!!!
~Mut Funds in Cash Market - 38 cr
***total fund flow – 197 cr today & nifty was down by 135 points.
*** So far net fund flow of – 992 cr in October series. (Nifty is also down in October series).
-8071 cr in June series (-520), closed at 4315.
+6474 cr in July series (+18), closed at 4333.
-6641 cr in August series (-119), closed at 4214.
-6903 cr in September series (-104), closed at 4110.
Happy trading and investing.