***Technicals
Nifty is in downtrend.
Another long lower shadow formed today which is very bullish.
Above 4100 nifty can bounce back upto 4300.
Most probably nifty now will remain sideway in 3950-4300 range.
***Derivatives (September 16)
-Nifty (September) future discount converted to premium of 16 points and around 7 lakh shares were shed in open interest with increase in the cost of carry, indicating short covering at lower levels.
-Nifty call option added 32 lakh shares in open interest, whereas put option added 6 lakh shares in open interest. Thus open interest put-call ratio decreased to 0.84.
-Implied volatility has decreased by 100-150(upto 40-45%%), which indicates stability in the coming days.
***Fund flow (September 15)
~FIIs net in Index fut. + 240 cr
~FIIs net in Stock Fut. + 580 cr
~FIIs in Cash Market -629 cr
~Mut Funds in Cash Market + 122 cr
***total fund flow +313 cr today & still nifty was down by 155 points!!!!!!!!!.
*** So far net fund flow of – 7603 cr in September series. (Nifty is also down in September series).
***Past fund flow
~ Net fund flow of -8071 cr in June series (Nifty -520 in series, closed at 4315)
~ Net fund flow of +6474 cr in July series. (Nifty +18 in series, closed at 4333)
~Net fund flow of -6641 cr in August series. (Nifty -119 in series, closed at 4214)
happy trading and investing.
-dr.jignesh shah
