********Technicals***** ~September 8~Nifty breaks the triangle on upside but RSI and stochastics still in triangle so sideway trend should continue with negative bias in the now 4200-4550 range.
Head and shoulder is also forming which is very bearish
***Nifty**** ~ September 8~
Nifty (September) future premium increased
to 24 points and around 1 lakh shares were added in open
interest. with increase in the cost of carry,
indicating new long at lower levels.
***Options**** ~September 8~
Nifty call option added 10.6 lakh shares in open interest, whereas
put option added 22 lakh shares in open interest.Thus open interest put-call ratio increased to 1.31 from 1.28.
********Fund flow*** ~ September 5~
~FII index fut – 633 cr
~FII stock fut – 743 cr
~FII cash -1737 cr!!!!!!!!!!!
~Mut cash -99 cr
*******total fund flow -3212 cr today & nifty was down by 95 points.
****** so far net fund flow of -2448 cr in September series. (nifty is up in September series).Thus upside if any in market 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
