Friday, August 1, 2008

NIFTY ANALYSIS FOR AUGUST 4



********Technicals*****
Nifty is in uptrend.
Target of 4500 achieved and above it target remains at 4700.
Above 4500, fibo. level of 161.8% comes at 5002.
****Nifty**** ~ August 1~
Nifty august future premium increased to 19 points. Open interest increased by 20 lacs today. ( new long ------bullish)
***Options**** August 1~
Nifty call options add 13 lacs and put options add 28 lacs in open interest. Thus open interest put-call ratio increased to 1.35.(bullish)
********Fund flow*** ~July 31~
~FII index fut + 504 cr
~FII stock fut + 258 cr
~FII cash +597 cr
~Mut cash +189 cr
*******total fund flow +1548 cr today & nifty was up by 19 points.
******* Net fund flow of +6474 cr in July series.
******* Net fund flow of -8071 cr in June series
happy trading and investing.
-dr.jignesh shah