NIFTY ANALYSIS FOR SEPT 5

********Technicals***** ~September 4~

Nifty traded in between y’day’s high and low.
As discussed y’day it did not cross 4540 and traded below 4450 so now nifty will be sideways with downward bias.
Nifty,RSI and stochastics now in triangle and breakout will give direction.
***Nifty**** ~ September 4~

Nifty (September) future premium decreased from 12.80 points
to 8.30 points and around 2.20 lakh shares were shed in open
interest with decrease in the cost of carry,
indicating long closure at higher levels. (bearish)
***Options**** ~September 4~

Nifty call option added 15.70 lakh shares in open interest, whereas put option added 14.50 lakh shares in open interest.

Thus open interest put-call ratio decreased to 1.36.( bearish).

Implied volatility has increased by around 150-200 basis points across
different strike prices indicating that volatility will remain high in
the coming days.
********Fund flow*** ~ September 2~

~FII index fut + 2078cr!!!!!!!!!!!

~FII stock fut – 524 cr

~FII cash +1337 cr!!!!!!!!!

~Mut cash +116 cr

*******total fund flow + 3007 cr today & nifty was up by 155 points.

****** so far net fund flow of + 3198 cr in September series. (nifty is up in September series).

***********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