NIFTY ANALYSIS FOR JUNE 24

5 DAY RSI IN BSE SHOWS DIVERGENCE WHICH IS BULLISH.
14 DAY RSI IN NIFTY IS AT SUPPORT AREA.
OTHERWISE ALL INDICATORS FAVOURS FURTHER DECLINE.
********Technicals*****
Nifty is in downtrend with target of 4250.
Support is at 4220-4190
Resistance is at 4340-4400
*********strong stock futures***** (http://www.crnindia.com/)
SRF, NDTV, Lupin, Glaxo, Cipla, ONGC, S. Kumars, Infosys, Mphasis & Zee.
*******weak stock futures***** (http://www.crnindia.com/)
Sobha, Ansal Infra, JP Asso, Alstom, PunjLloyd, Rel.Capital, Peninland, Unitech, BOI & Parsvnath
****Nifty**** ~ June 23~
Nifty future discount converted to premium of 1 point. Open interest decreased by 22 lacs today. (short covering---bullish)
***Options**** ~ June 23~
Nifty call options add 24lakh and put options shed 26 lakh in open interest. Thus open interest put-call ratio decreased to 1.19.(bearish)
********Fund flow*** ~June 20~
~FII index fut -1429cr
~FII stock fut +161cr
~FII cash -1012cr
~Mut cash +563cr (prov)
*******total fund flow -2039 cr today & nifty was down by 156 points.
*******So far net fund flow of -10600 cr in June series. (So far nifty is down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah

nifty analysis for june 23

RSI IS AT CROSSROADS....IF TAKES SUPPORT AT THE GREEN LINE, HEAVY RECOVERY IS POSSIBLE AND IF BREAKS IT HEAVY FALL IS POSSIBLE.

********Technicals*****
Nifty is in downtrend with target of 4250.
Support is at 4290-4250
Resistance is at 4400-4450
*********strong stock futures***** (http://www.crnindia.com/)
SRF, Lupin, Glaxo, NDTV, Ranbaxy, Sun Pharma, S.Kumars, Crompton Greaves, Mphasis & Cipla.
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Infra, Sobha, JP Asso, APIL, Parsvnath, India Info, Bombay Dyeing, Penin Land, Century Text & GDL
****Nifty**** ~ June 20~
Nifty future discount decreased to 12 points. Open interest increased by 22lacs today. (new long position---bullish)
***Options**** ~ June 20~
Nifty call options add 23lakh and put options shed 10 lakh in open interest. Thus open interest put-call ratio decreased to 1.37.(bearish)
********Fund flow*** ~June 19~

~FII index fut -1291cr

~FII stock fut -154cr

~FII cash -374 cr

~Mut cash -99cr
*******total fund flow -1918 cr today & nifty was down by 78 points. (bearish)
*******So far net fund flow of - 8561cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah

ANALYSIS FOR JUNE 20

********Technicals*****
Nifty is in consolidation.
Support is at 4500,4470.
Resistance is at 4550,4640.
*********strong stock futures***** (www.crnindia.com)
S.Kumars, ZEEL, NDTV, SRF, Chambal Fert, Aurobindo Pharma, Crompton Greaves, Praj Indus, Sun Pharma & Ranbaxy.
*******weak stock futures***** (www.crnindia.com)
Ansal Infra, APIL, Sobha, Unitech, JP Asso, BPCL, GMR Infra, Punjlloyd, Parsvnath & GDL.
****Nifty**** ~ June 19~
Nifty future discount decreased to 17 points. Open interest increased by 7 lacs today. (new long position---bullish)
***Options**** ~ June 19~
Nifty call options add 1.3lakh and put options shed 3 lakh in open interest. Thus open interest put-call ratio decreased to 1.52.(bearish)
********Fund flow*** ~June 18~
~FII index fut -682cr ~FII stock fut +133cr
~FII cash -476cr ~Mut cash +194cr (prov)
*******total fund flow -831 cr today & nifty was down by 70 points. (bearish)
*******So far net fund flow of -6643 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah

MY ANALYSIS FOR JUNE 19

CHART SHOWS THAT CONFUSION IN TECHNICALS OF NIFTY.
WHILE MACD IS GIVING BUY SIGNAL,RSI IS AT RESISTANCE LEVEL AND STOCHASTIC IS IN BUY MODE.
THAT'S WHY NIFTY SHOULD BE RANGE BOUND FOR FEW DAYS.

RSI(5), MOMENTUM, ROC STILL IN BUY MODE.

THIS CHART IS FOR SHORT TERM PLAYERS.

INTRADAY RSI SHOWS POSITIVE DIVERGENCE SO DOWNSIDE SHOULD BE LIMITED.

********Technicals*****
Nifty is in consolidation.
At higher levels selling pressure was seen and at lower levels short covering helped nifty to stay above 4550.
Support is at 4550,4500.
Resistance is at 4640,4700.
*********strong stock futures***** (http://www.crnindia.com/)
Ranbaxy, NDTV, SRF, Chambal Fert, Zee, S. Kumars, Aurobindo Pharma, Divi Lab, Crompton Greaves & sun Pharma.
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Prop, Sobha, Alstom, GMR Infra, JP Asso, BPCL, Unitech, Parsvnath, Kesoram & Patel Eng.
****Nifty**** ~ June 18~
Nifty future discount decreased to 17 points. Open interest unchanged today.
***Options**** ~ June 18~
Nifty call options add 0.5 lakh and put options shed 0.6 lakh in open interest. Thus open interest put-call ratio remains at 1.54.

********Fund flow*** ~June 17~
~FII index fut +677cr
~FII stock fut -50cr
~FII cash +394cr
~Mut cash +420cr (prov)
*******total fund flow +1441 cr today & nifty was up by 80 points(BULLISH).
*******So far net fund flow of -5650 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah

MY ANALYSIS FOR JUNE 18

********RECAP OF WHAT I SAID**********

On June 9 ---‘’If today’s low not visited at all tomorrow then forget about further downside in markets.( I am now bullish about markets now for short term)’’(nifty closed at 4501)

On June 10---‘5 day RSI shows positive divergence( means nifty making lower bottom but RSI not).SUGGEST VERY BULLISH SIGN SO WE MAY SEE GOOD BOUNCE OR RALLY IN MARKET VERY SOON.’(nifty closed at 4450)

On June 12---‘I said that ‘Follow up buying required to sustain the upmove’ and it was there today.Now no need to say’ I am still bullish in short term’.’(nifty closed at 4539)

On June 13---‘OUR MARKET HAD SEEN FIVE TAILS IN LAST SEVEN DAYS.THEY ARE TAILS OR ROCKETS?I THINK THEY WILL ACT AS ROCKETS ONCE NIFTY CLOSE ABOVE Y'DAY HIGH OF 4550.WATCH FOR IT.’(nifty closed at 4517)

I HOPE ALL MY READERS OF THIS BLOG MUST HAVE TAKEN ADVANTAGE OF THIS.

********Technicals*****
Nifty should remain in consolidation range of 4500-4750 for few days.
so buying and shorting both opportunity will be available for traders
Nifty cleared the important resistance of 4640 on closing basis today.
Support is at 4620,4550.
Resistance is at 4700,4760.
*********strong stock futures***** (http://www.crnindia.com/)
Chambal Fert, Ranbaxy, Aurobindo Pharma, Divi Lab, S kumar, Lupin, Praj Ind, Crompton Greaves, BRFL & Nagar Fert
*******weak stock futures***** (http://www.crnindia.com/)
Ansal Prop, APIL, Sobha, BPCL, Patel Eng, Hind Petro, JP Asso, Wockhardt, GMR Infra & Shree Cem.
****Nifty**** ~ June 17~
Nifty future discount increased to 18 points. Open interest increased by 13 lakh today. ( new ‘short’ position---bearish)
***Options**** ~ June 17~
Nifty call options add 18 lakh and put options add 14 lakh in open interest. Thus open interest put-call ratio increased to 1.54.(bearish)
********Fund flow*** ~June 16~
((On june 13 mut funds +238 against prov +457cr))
~FII index fut +180cr
~FII stock fut +132cr
~FII cash -533cr
~Mut cash +293cr (prov)
*******total fund flow +72 cr today & nifty was up by 55 points. (bullish)
*******So far net fund flow of -7056 cr in June series. (So far nifty is down in June series from 4835- the settlement price)
happy trading and investing.
- dr.jignesh shah

my analysis for june 17

THIS CHART SHOWS THAT SHORT TERM TREND WILL BE UP.
RSI(5) - BREAKS DOWNTREND.
MOMENTUM- BREAKS DOWNTREND.
ROC- BREAKS DOWNTREND

RSI(14)- STILL IN DOWNTREND.

MACD- CONVERGING, TAKES SUPPORT AT TRENDLINE.

STOCHASTIC- IN BUY MODE.

********Technicals*****
Nifty in downtrend and is correcting upwards.
NIFTY CROSSED,SUSTAINED AND CLOSED ABOVE 4550.
But long upper shadow formed today.
Support is at 4550.
Resistance is at 4640,
*********strong stock futures***** (www.crnindia.com)
Chambal Fert, Ranbaxy, Crompton Greaves, Lupin, Aurobindo Pharma, Sun Pharma, Dr.Reddy, S.Kumars, Nagar Fert & Praj Indus
*******weak stock futures***** (www.crnindia.com)
Ansal Prop, APIL, JP Asso, GMR Infra, Hind Petro, LITL, Sobha, BPCL, Patel Eng & Century Textile.
****Nifty**** ~ June 16~
Nifty future decreased to 1 point. Open interest decreased by 14 lakh today. ( ‘short’ covering---bullish)
***Options**** ~ June 16~
Nifty call options add 2.5 lakh and put options add 1.3 lakh in open interest. Thus open interest put-call ratio decreased to 1.60.(bearish)
********Fund flow*** ~June 13~

~FII index fut +167cr

~FII stock fut +224cr

~FII cash -52cr

~Mut cash +457cr (prov)
*******total fund flow +796 cr today BUT nifty was down by 22 points.(BULLISH)
*******So far net fund flow of -6953 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah

my analysis for june 16

THIS CHART SHOWS RSI(14), MACD, SLOW STOCHASTIC.
BUY SIGNAL GENERATED IN PARABOLIC SAR, STOCHASTIC.
MACD IS CONVERGING.
BUT RSI STILL IN DOWNTREND.

THIS CHART SHOWS RSI(5), MOMENTUM, FAST STOCHASTIC.

********Technicals*****
Nifty in downtrend and is in consolidation range of 4400-4550. breakout will give direction.
Support is at 4470, 4410, 4350.
Resistance is at 4550,4640,
*********strong stock futures***** (www.crnindia.com)
Chambal Fert, Ranbaxy, Aurobindo Pharma, Lupin, Dr.Reddy, Nicholas Piramal, Sun Pharma, S.Kumars, Divi Lab & Crompton Greaves.
*******weak stock futures***** (www.crnindia.com)
Ansal Prop, LITL, Patel Eng, GMR Infra, Unitech, APIL, BPCL, India Info, Sobha & Hind Petro.

****Nifty**** ~ June 13~

Nifty future discount increased to 32 points. Open interest increased by 9 lakh today. (new ‘short’ position---bearish)
***Options**** ~ June 13~
Nifty call options add 7 lakh and put options add 10 lakh in open interest. Thus open interest put-call ratio remains at 1.61.
********Fund flow*** ~June 12~

~FII index fut -323cr

~FII stock fut -390 cr

~FII cash -1142 cr

~Mut cash +540cr (prov)
*******total fund flow -1315 cr today BUT nifty was up by 16 points.(bearish)
*******So far net fund flow of -7437 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah

ANALYSIS FOR JUNE 13

THIS CHART SHOWS THAT UPMOVE WILL BECOME STRONGER ONCE IT TRADES ABOVE TODAY'S HIGH.
RSI---breaks the short term trendline
MACD--turning positive
STOCHASTIC--continue in buy mode

THIS CHART SHOWS 5 DAY RSI AND ROC.

RSI-- breaks the trendline

ROC--breaks the trendline.

********Technicals*****
Nifty in downtrend and is correcting upwards.
Once again tail(long lower shadow) formed today.
I said that ‘Follow up buying required to sustain the upmove’ and it was there today.
Now no need to say’ I am still bullish in short term’.
Support is at 4470, 4410, 4350.
Resistance is at 4640,
*********strong stock futures***** (www.crnindia.com)
Lupin, Chambal Fert, Ranbaxy, Sun Pharma, Sterling Bio, Divi Lab, Hero Honda, Dr.Reddy, Nicholas Piramal & Aurobindo Pharma.
*******weak stock futures***** (www.crnindia.com)
LITL, Ansal Prop, Patel Eng, Unitech, BPCL, GMR Infra, APIL, Sobha, Shree Cem & Hind Petro.
****Nifty**** ~ June 12~
Nifty future discount decreased to 22 points. Open interest increased by 6 lakh today. (new ‘long’ position---very bullish)
***Options**** ~ June 12~
Nifty call options add 11 lakh and put options add 10 lakh in open interest. Thus open interest put-call ratio decreased to 1.61.(bearish)

*******mut. Fund flow data by sebi as follows*****~Mut cash +59cr on June 6 against +400 cr (PROV)
~Mut cash -41cr on June 9 against +1040cr (PROV)
~Mut cash -152cr on June 10 against +296cr (prov)
*******So far net fund flow of -7283 cr in june series upto june 10. (so far nifty is down in june series from 4835- the settlement price)
********Fund flow*** ~June 11~

~FII index fut +909cr

~FII stock fut +92cr

~FII cash -160 cr

~Mut cash +320cr
*******total fund flow + 1161cr today & nifty was up by 74 points.(bullish)
*******So far net fund flow of -6122 cr in June series. (So far nifty is down in June series from 4835- the settlement price)

happy trading and investing.
- dr.jignesh shah