P&F CHART SHOWS THAT OVERALL DOWNTREND TARGET WILL BE 3400 IN LONG TERM.
***Technicals
4200 broken today and nifty is now in downtrend.
Target of 3960 achieved today below it target will be at 3800 which is a difficult target to achieve in immediate short term.
Most probably nifty now will remain sideway in 3950-4300 range.
***Derivatives (September 15)
-Nifty (September) future premium converted to discount of 4 points and around 10 lakh shares were shed in open interest with decrease in the cost of carry, indicating long unwinding at higher levels.
-Nifty call option added 31 lakh shares in open interest, whereas put option added 1 lakh shares in open interest. Thus open interest put-call ratio decreased to 0.87.
-Implied volatility has increased by 650-700(upto 45-50%), which indicates high volatility in the coming days.
***Fund flow (September 12)
~FIIs net in Index fut. –436 cr
~FIIs net in Stock Fut. – 383cr
~FIIs in Cash Market -856 cr
~Mut Funds in Cash Market +210 cr
***total fund flow -1465 cr today & nifty was down by 62 points.
*** So far net fund flow of -7916 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
4200 broken today and nifty is now in downtrend.
Target of 3960 achieved today below it target will be at 3800 which is a difficult target to achieve in immediate short term.
Most probably nifty now will remain sideway in 3950-4300 range.
***Derivatives (September 15)
-Nifty (September) future premium converted to discount of 4 points and around 10 lakh shares were shed in open interest with decrease in the cost of carry, indicating long unwinding at higher levels.
-Nifty call option added 31 lakh shares in open interest, whereas put option added 1 lakh shares in open interest. Thus open interest put-call ratio decreased to 0.87.
-Implied volatility has increased by 650-700(upto 45-50%), which indicates high volatility in the coming days.
***Fund flow (September 12)
~FIIs net in Index fut. –436 cr
~FIIs net in Stock Fut. – 383cr
~FIIs in Cash Market -856 cr
~Mut Funds in Cash Market +210 cr
***total fund flow -1465 cr today & nifty was down by 62 points.
*** So far net fund flow of -7916 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
