Nifty Analysis For Sept 10

********Technicals*****

Nifty breaks the triangle on upside y’day but RSI and stochastics still in triangle.
But now RSI at make or break level so tomorrow’s closing will be important to decide short term trend.
***Nifty**** ~ September 9~

Nifty (September) future premium decreased to 20 points and around 5 lakh shares were added in open interest with decrease in the cost of carry, indicating new short at higher levels.
***Options**** ~September 9~

Nifty call option added 17 lakh shares in open interest, whereas put option added 10 lakh shares in open interest.Thus open interest put-call ratio decreased to 1.28.
********Fund flow*** ~ September 8~

~FII index fut + 954 cr!!!!!!!!!!

~FII stock fut –147cr

~FII cash +758 cr!!!!!!!!

~Mut cash +100 cr

*******total fund flow +1665 cr today & nifty was up by 130 points.

****** so far net fund flow of -783 cr in September series. (nifty is up in September series).This suggest that upside will be limited only.

***********Past fund flow**********

~ Net fund flow of +6474 cr in July series. (Nifty +18 in series, closed at 4333)

~ Net fund flow of -8071 cr in June series (Nifty -520 in series, closed at 4315)

~Net fund flow of -6641 cr in August series. (Nifty -119 in series, closed at 4214)
happy trading and investing.

-dr.jignesh shah