NIFTY ANALYSIS FOR SEPTEMBER 2

********Technicals***** ~September 1~
Nifty is trading sideways between 4200-4450 since 11 days.Last 5 day high is 4369 and above it nifty will be in upmove(not uptrend) with target of 4450,4540.
***Nifty**** ~ September 1~
Nifty September future premium decreased to 2 points. Open interest decreased by 2 lacs today. ( long unwinding---bearish).
***Options**** ~September 1~
Nifty call options add 18 lacs and put options add 17 lacs in open interest. Thus open interest put-call ratio decreased to 1.33.( bearish).
********Fund flow*** ~ August 29~
~FII index fut + 1015 cr
~FII stock fut –448 cr
~FII cash -257 cr
~Mut cash +398 cr
*******total fund flow +708 cr today & nifty was up by 144 points.
******so far net fund flow of +708cr 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