***Technicals
Nifty is in downtrend and is correcting upwards.
Upside targets of corrective upmove were 4130, 4220 which achieved today, above it target is at 4310 and maximum upto 4470.
***Derivatives (September 19)
-Nifty (September) future premium increased to 27 points and around 24 lakh shares were added in open interest with increase in the cost of carry, indicating new long position at lower levels.
-Nifty call option shed 42 lakh shares in open interest, whereas put option added 20 lakh shares in open interest. Thus open interest put-call ratio increased to 0.96.
-Implied volatility has decreased by 800-950 basis points (up to 36-40 %), which indicates stability in the coming days.
***Fund flow (September 18)
~FIIs net in Index fut. + 512 cr
~FIIs net in Stock Fut. + 44 cr
~FIIs in Cash Market - 599 cr
~Mut Funds in Cash Market + 940 cr
***total fund flow + 897 cr today & nifty was up by 30 points.
*** So far net fund flow of – 9190 cr in September series.
Nifty is in downtrend and is correcting upwards.
Upside targets of corrective upmove were 4130, 4220 which achieved today, above it target is at 4310 and maximum upto 4470.
***Derivatives (September 19)
-Nifty (September) future premium increased to 27 points and around 24 lakh shares were added in open interest with increase in the cost of carry, indicating new long position at lower levels.
-Nifty call option shed 42 lakh shares in open interest, whereas put option added 20 lakh shares in open interest. Thus open interest put-call ratio increased to 0.96.
-Implied volatility has decreased by 800-950 basis points (up to 36-40 %), which indicates stability in the coming days.
***Fund flow (September 18)
~FIIs net in Index fut. + 512 cr
~FIIs net in Stock Fut. + 44 cr
~FIIs in Cash Market - 599 cr
~Mut Funds in Cash Market + 940 cr
***total fund flow + 897 cr today & nifty was up by 30 points.
*** So far net fund flow of – 9190 cr 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
