***Technicals
Nifty is in downtrend but trading sideways between 4100-4300 since 4 days.
Downside supports at 4111, 4056, 3992.
Resistance will be at 4200, 4245, 4310.
***Derivatives (September 24)
-Nifty (September) future premium increased to 19 points and around 3 lakh shares were shed in open interest with increase in the cost of carry, indicating short covering at lower levels.
-Nifty call option add 12 lakh shares in open interest, whereas put option add 8 lakh shares in open interest. Thus open interest put-call ratio decreased to 0.94.
-Implied volatility has decreased marginally which indicates stability in the coming days.
***Fund flow (September 23)
~FIIs net in Index fut. – 803 cr
~FIIs net in Stock Fut. – 80 cr
~FIIs in Cash Market - 868 cr
~Mut Funds in Cash Market - 226 cr
***total fund flow - 1977 cr today & nifty was down by 96 points.
*** So far net fund flow of -5417 cr in September series. (Nifty is also down in September series).
***Past fund flow
-8071 cr in June series (-520), closed at 4315.
+6474 cr in July series (+18), closed at 4333.
-6641 cr in August series (-119), closed at 4214.
Happy trading and investing.
-Dr.Jignesh Shah
