***Technicals
Nifty is in downtrend.
Downside supports at 4111, 4056, 3992.
Resistance will be at 4200,4245,4310.
***Derivatives (September 23)
-Nifty (September) future premium increased to 16 points and around 16 lakh shares were added in open interest with increase in the cost of carry, indicating new long position at lower levels.
-Nifty call option add 14 lakh shares in open interest, whereas put option shed 9 lakh shares in open interest. Thus open interest put-call ratio decreased to 0.95.
-Implied volatility has increased marginally which indicates high volatility in the coming days.
***Fund flow (September 22)
~FIIs net in Index fut. + 534 cr
~FIIs net in Stock Fut. + 287 cr
~FIIs in Cash Market +111 cr
~Mut Funds in Cash Market -332 cr
***total fund flow + 600 cr today & still nifty was down by 47 points.
*** So far net fund flow of – 3440 cr in September series.
***Past fund flow
-8071 cr in June series (Nifty -520 in series, closed at 4315)
+6474 cr in July series. (Nifty +18 in series, closed at 4333)
-6641 cr in August series. (Nifty -119 in series, closed at 4214)
Happy trading and investing.
-Dr.Jignesh Shah
