***Technicals
Nifty is in terminal phase of downtrend and is correcting upwards.
Nifty is in process of intermediate bottom formation.
******Trading system
3d LMA- 3267.
3d HMA- 3539.
3d SMA- 3428
8d SMA- 3648
34d SMA- 4102
~BIAS - neutral
~MOMENTUM - negative
~TREND – negative.
~STRATEGY-no new call generated.
Shorts should have stop at 3539 and Longs should have stop at 3267.
***Derivatives (October 13)
-Nifty (October) future premium increased to 43 points and around 1.8 lakh shares were shed in open interest with increase in the cost of carry, indicating short covering at lower levels.
-Nifty call option add 8 lakh shares in open interest, whereas put option add 15 lakh shares in open interest. Thus open interest put-call ratio increased to 0.75.
-Implied volatility has decreased by 800-900 points which indicate stability in the coming days.
***Fund flow (October 10)
~FIIs net in Index fut. - 8 cr
~FIIs net in Stock Fut. + 143 cr
~FIIs in Cash Market - 2323 cr
~Mut Funds in Cash Market + 315 cr
***total fund flow – 1873 cr today & nifty was down by 233 points.
*** So far net fund flow of - 7723 cr in October series. (Nifty is also down in October series).
Nifty is in terminal phase of downtrend and is correcting upwards.
Nifty is in process of intermediate bottom formation.
******Trading system
3d LMA- 3267.
3d HMA- 3539.
3d SMA- 3428
8d SMA- 3648
34d SMA- 4102
~BIAS - neutral
~MOMENTUM - negative
~TREND – negative.
~STRATEGY-no new call generated.
Shorts should have stop at 3539 and Longs should have stop at 3267.
***Derivatives (October 13)
-Nifty (October) future premium increased to 43 points and around 1.8 lakh shares were shed in open interest with increase in the cost of carry, indicating short covering at lower levels.
-Nifty call option add 8 lakh shares in open interest, whereas put option add 15 lakh shares in open interest. Thus open interest put-call ratio increased to 0.75.
-Implied volatility has decreased by 800-900 points which indicate stability in the coming days.
***Fund flow (October 10)
~FIIs net in Index fut. - 8 cr
~FIIs net in Stock Fut. + 143 cr
~FIIs in Cash Market - 2323 cr
~Mut Funds in Cash Market + 315 cr
***total fund flow – 1873 cr today & nifty was down by 233 points.
*** So far net fund flow of - 7723 cr in October series. (Nifty is also down in October 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.
-6903 cr in September series (-104), closed at 4110.
*******so in a nutshell, net fund flow of
– 15141 cr after May closing of 4835,
- 7070 cr after June closing of 4315.
Happy trading and investing.
-Dr.Jignesh Shah
-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.
-6903 cr in September series (-104), closed at 4110.
*******so in a nutshell, net fund flow of
– 15141 cr after May closing of 4835,
- 7070 cr after June closing of 4315.
Happy trading and investing.
-Dr.Jignesh Shah
