***Technicals
Nifty is in terminal phase of downtrend and is correcting upwards.
Nifty is in process of intermediate bottom formation.
So far bottom is formed at 3199.
******Trading system
3d LMA- 3321.
3d HMA- 3553.
3d SMA- 3430.
8d SMA- 3598.
34d SMA- 4078.
~BIAS - neutral
~MOMENTUM - negative
~TREND – negative.
~STRATEGY-no new call generated. (Hold shorts with closing stop at 3553)
Shorts should have stop at 3553 and Longs should have stop at 3321.
***Derivatives (October 14)
-Nifty (October) future premium decreased to 9 points and around 27 lakh shares were added in open interest with decrease in the cost of carry, indicating new short at higher levels.
-Nifty call option add 1 lakh shares in open interest, whereas put option add 7 lakh shares in open interest. Thus open interest put-call ratio increased to 0.76.
-Implied volatility has decreased by 250 points which indicate stability in the coming days.
***Fund flow (October 13)
~FIIs net in Index fut. + 1742 cr
~FIIs net in Stock Fut. + 786 cr
~FIIs in Cash Market - 842 cr
~Mut Funds in Cash Market + 520 cr
***total fund flow + 2206 cr today & nifty was up by 211 points.
*** So far net fund flow of - 5517 cr in October series. (Nifty is also down in October series).
