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nifty target 10K by december 2014

nifty target 10K by december 2014

Thursday, 31 July 2014

July 2014 expiry trading performance - 31 July 2014

Hi,


Today's session of expiry is over.

We made 54% profit.

Average profit per trade was 27%.

Total trades taken were 2.

We didn't expect market to move sharply and giving us big ranges, so we are closing this session.

Thanks to those who joined and participated.

See you in next expiry.

New series is starting from tomorrow, so for best Nifty futures ideas, come join us and make astonishing profits in next 3 months.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Wednesday, 30 July 2014

Nifty 31 July 2014 expiry expectations - 30 July 2014

Hi,

Tomorrow is Nifty July 2014 expiry day.

We are expecting Nifty to remain confusing entire day giving many false signals.

Level wise : 7750 - 7797 - 7818 - 7830

Expiry would be cent percent above 7750. 

Anything above 7830 should be short-lived.

So try to trade in above mentioned range only and don't try any heroics.

We had enough reasons for 8000 expiry but manipulators don't want it now, but then our targets are hit very soon. ;)

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Nifty analysis for 30 July 2014 and Nifty view forecast for 31 July 2014 - 30 July 2014

Hi,

Finally we are on the eve of July 2014 expiry. BankNifty zoomed unexpectedly 240 points out of nowhere giving much needed lift to markets. In our previous report we expected two things, one that Nifty will remain weak and another that it will trade in narrow range. Today it traded in narrow range until 12:30 pm and fell there after. We mentioned the importance of 7750 and Nifty remained weak below 7750 and made low of 7707 today.



Mixed signals which markets were giving yesterday mentioned in our last report kept traders guessing and it turned out to be a good day for bulls and bears.

Now today ADV:DEC ratio was fully balanced with declining shares filling up their loss in late session buying.

Advance743Decline795Unchanged72


Cash market turnover increased by over 25%. 
Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
8417.0118465.02

FII:DII ratio remained sluggish and it seems like DII mistakenly bought today. FII remained sellers today.

FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII30-July-20146133.666515.32-381.66
DII30-July-20142453.021937.37515.65



Nifty future premium : -3 (disc)


Nifty future is trading with minor discount for more than last 5 days.
Daily  Index and Stock futures trend

5 DAY (23 - 30 JULY 2014)
INDEX FUTURE610.36CRBULLISH
STOCK FUTURE433.29CRBULLISH

3 DAY (25 - 30 JULY 2014)
INDEX FUTURE639.45CRBULLISH
STOCK FUTURE-371.73CRBEARISH

1 DAY (30 JULY 2014)
INDEX FUTURE638.69CRBULLISH
STOCK FUTURE-373.23CRBEARISH

JULY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES 442.31
INDEX OPTIONS 2909.24
STOCK FUTURES 3478.56
STOCK OPTIONS -576.58

FII DERIVATIVES STATISTICS FOR 30-JULY-2014
BUYSELLOPEN INTEREST AT THE END OF THE DAY
No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores
INDEX FUTURES
204827
7946.98
188602
7308.29
477115
18602.21
INDEX OPTIONS
540162
20781.03
527053
20311.97
1905470
74173.67
STOCK FUTURES
462003
16823.56
472610
17196.78
1584764
57278.34
STOCK OPTIONS
81924
3034.21
87435
3273.49
121906
4534.44

FII derivative data is clearly showing bullishness in index futures and bearishness in stock futures. So, there is clear divergence in both these data. So, lack of direction is very much likely tomorrow. So, both bullishness and bearishness should be short lived tomorrow.

Nifty forecast for 31 JULY 2014

Nifty should trade both sides ie; it should be range-bound with wild swings.


Advice for traders


1. Avoid trading.
2. 7750 is hard rock and should hold ground, so try to buy near it with 20 points  stop loss. 
3. 7830 should be big resistance, so try to sell near it with 20 points stop loss.
Note : New series is starting, and as always we make great money in the start of the series. So, don't waste time and join fast.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Tuesday, 29 July 2014

Nifty July 2014 expiry trading on twitter

Hi,

We are organizing a trading session on twitter on July 2014 expiry day which is 31 July 2014. Those who are interested can join us on twitter, and follow the discussion on the following tweet.


https://twitter.com/TrackNifty

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Monday, 28 July 2014

Nifty bearish formation as megaphone chart pattern - 29 July 2014

Hi,

Nifty is forming a bearish chart pattern called Mega-Phone chart pattern.

What is means to you and what to expect from this chart pattern ? 

Read full report here : 

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Nifty analysis for 28 July 2014 and Nifty view forecast for 30 July 2014 - 28 July 2014

Hi,

Nifty closed 41.75 points down at 7748.70. In our last report we mentioned about importance of 7790. And today Nifty spent full 1 hours testing 7790 but it couldn't get past 7790 and we mentioned to sell strongly any stability below 7790 very strongly. Nifty made low of 7722.65 and closed at 7748.70. In our forecast we mentioned about Nifty trading in narrow range which it actually did for 1 hour when it finally gave up. 

Now as long as it will remain below 7790, it will attract selling and 7667 is on cards.

If you looked at derivatives data for different time frames, 3 day and 1 day were telling about range-bound movements, Nifty despite falling more than 60 points at one time remained perfect range-bound in the opening session and in the closing session.


Advance549Decline996Unchanged56


Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
7078.7213342.45


FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII28-July-20142919.42844.3675.04
DII28-July-20141388.941333.0355.91


Nifty future premium : -5 (disc)


Daily  Index and Stock futures trend


5 DAY (22 - 28 JULY 2014)
INDEX FUTURE1172.28CRBULLISH
STOCK FUTURE1531.46CRBULLISH

3 DAY (24 - 28 JULY 2014)
INDEX FUTURE-80.70CRRANGEBOUND
STOCK FUTURE181.50CRRANGEBOUND

1 DAY (28 JULY 2014)
INDEX FUTURE32.03CRRANGEBOUND
STOCK FUTURE-57.74CRRANGEBOUND

JULY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -196.38
INDEX OPTIONS 2440.19
STOCK FUTURES 3851.79
STOCK OPTIONS -337.30

FII DERIVATIVES STATISTICS FOR 28-JULY-2014
BUYSELLOPEN INTEREST AT THE END OF THE DAY
No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores
INDEX FUTURES
143386
5558.70
142606
5526.66
426898
16510.98
INDEX OPTIONS
436301
16814.19
442002
17025.42
1851889
71636.61
STOCK FUTURES
394918
14321.72
396174
14379.46
1533971
54952.86
STOCK OPTIONS67803
2620.30
70422
2737.25
120301
4445.73


There is definite improvement in ADV:DEC ratio as compared to last day, and volumes were less too, indicating less selling which is reflected in FII:DII turnover ratio. FII derivatives trend is also giving mixed signals. If we combine both cash and derivative market turnover along with our technical study, we can conclude that markets will remain range-bound to bearish on 30th July 2014.

Nifty forecast for 30 JULY 2014

Nifty should trade with bearish trend below 7750 for target of 7700 - 7667. Range-bound trend at lows should be seen. A narrow range bearish day is possible too as this was what we predicted for today and markets are notorious in doing what we forecast the day after.


Advice for traders


Avoid buying, and sell below 7750 only.

Note : New series is starting, and as always we make great money in the start of the series. So, don't waste time and join fast.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com

Friday, 25 July 2014

Option strategy for July 2014 series expiry week (28 - 31 July 2014)

Hi,

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Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com