FOR SEPT 23

***Technicals
Nifty is in downtrend and is correcting upwards.
Upside targets of corrective upmove was at 4310 and achieved also.
Below 4050 downtrend can resume again.
Above 4450 nifty will be in uptrend.
4148 is 8 SMA which will provide support on downside.
***Derivatives (September 22)
-Nifty (September) future premium decreased to 12 points and around 11 lakh shares were added in open interest with decrease in the cost of carry, indicating new short position at higher levels.
-Nifty call option shed 7 lakh shares in open interest, whereas put option added 12 lakh shares in open interest. Thus open interest put-call ratio increased to 1.00.
-Implied volatility has increased by 500 basis points which indicates high volatility in the coming days.
***Fund flow (September 19)
~FIIs net in Index fut. + 2947 cr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
~FIIs net in Stock Fut. + 867 cr
~FIIs in Cash Market +1168 cr !!!!!!!!!!!!!!
~Mut Funds in Cash Market +168 cr
***total fund flow + 5150 cr !!!!!!!!!! today & nifty was up by 207 points.
*** So far net fund flow of – 4040 cr in September series.

***Past fund flow
-8071 cr in June series (Nifty -520 in series, closed at 4315)
+6474 cr in July series. (Nifty +18 in series, closed at 4333)
-6641 cr in August series. (Nifty -119 in series, closed at 4214)

Happy trading and investing.
-Dr.Jignesh Shah