~BIAS –negative. (3d HMA- 2989, 3d LMA-2901)
~MOMENTUM – negative. (3d SMA- 2914, 8d SMA-2990)
~TREND – positive. (8d SMA-2990, 34d SMA-2847)
~Weekly close at 2857.
Ø STRATEGY-
*Positional—short
*stop loss – 3d SMA (50%)-2914 & 3d HMA (50%)-2989.
Ø *SUPPORTS- 2847.
*RESISTANCE-2901,2914,2989,2990.
(our trading system generated short call when nifty closed at 2917).
******* TECHNICALS UPDATE*******
-Nifty is in sideway trend with downward bias.
-RSI uptrend line broken today.
-MACD is now in sell mode.
-stochastic in sell mode but near oversold.
-ADX suggests that downtrend had begun.
-ATR suggests that after many days nifty range increased.
*******VIX UPDATE*******
-India VIX closed at 45.16 -downward trendline broken today which suggests that fear had re-emerged in market again and downtrend had begun.
************FUND FLOW UPDATE***********
***Fund flow (December 19)
~FIIs net in Index fut. + 324 cr, FIIs net in Stock Fut. - 51 cr
~FIIs in Cash Market + 562 cr, Mut Funds in Cash Market + 295 cr
***total fund flow + 1130 cr today & nifty was up by 17 points.
***Fund flow (December 22)
~FIIs net in Index fut. - 488 cr, FIIs net in Stock Fut. - 40 cr
~FIIs in Cash Market – 224 cr, Mut Funds in Cash Market + 163 cr
***total fund flow – 589 cr today & nifty was down by 38 points.
***Fund flow (December 23)
~FIIs net in Index fut. - 553 cr, FIIs net in Stock Fut. - 385 cr
~FIIs in Cash Market – 272 cr, Mut Funds in Cash Market - 103 cr
***total fund flow – 1313 cr today & nifty was down by 70 points.
***Fund flow (December 24)
~FIIs net in Index fut. - 921 cr, FIIs net in Stock Fut. + 455 cr
~FIIs in Cash Market – 118 cr, Mut Funds in Cash Market + 337 cr
***total fund flow – 247 cr today & nifty was down by 52 points.
*** So far net fund flow of + 3885 cr in December series. (Nifty + 162 in December series).
***Past fund flow (from June 2008 series)
- 8071 cr in June series (Nifty -520 in the series),
+ 6474 cr in July series (Nifty +18 in the series),
- 6641 cr in August series (Nifty -119 in the series),
- 6903 cr in September series (Nifty -104 in the series),
- 9863 cr in October series (Nifty -1413 in the series),
- 371 cr in November series (Nifty +58 in the series),
+ 3885 cr in December series (Nifty +162 in the series).
So December series is best series in last 7 months in terms of monthly gain.
Happy trading and investing.
-Dr.Jignesh Shah
