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Wednesday, 12 February 2014

Nifty February 2013 series analysis forecast for 13 Feb 2014 - 12 Feb 2014


Nifty analysis for 12 Feb 2014

Nifty today rose +41 points higher at one time and fell to only +16 at one time during closing session. In our time forecast we have mentioned bearishness to present till 12th Feb 2014, and effect of which was visible today, despite super strong global cues Nifty couldnt move an inch on the upside in last 4 days.

Today BankNifty shined, and FIIs bought stock futures yet again along with index futures rising their stock future buying streak to 5 days.

In equity segment too FIIs showed some interest after continuous selling. They bought 211.99 Cr today.

Nifty outlook forecast for 13 Feb 2014

Now from tomorrow we are entering into next time band. This time band is expected to bring clear bullishness. Technicals are also supporting it, so market should rise firmly. 
Levels : 6140 - 6072 - 6066

We have updated our forecast blog :

Trade updates

ICICIBANK today shines beautifully and makes high of 1001. Hold it until 19th Feb 2014.

As time wise today was last day for shorts so we exited our short positions with loss of 47 points. We don't want to take continuous trades and today IIP data was due for evening, so we avoided longs despite our time forecast. We will try to take long position tomorrow if market gives opportunity or we will wait for resistance , or 19th Feb to take short positions. Our tally now stand with 151 Nifty points and 70% option gains.

Advice to traders

 If you are holding stocks, you can hold till 19th Feb 2014. And exit your Nifty longs near 6150 or on 19th Feb which ever comes first.
Just in case you find nifty find flattish in the morning session, buy with stop loss of 6066 spot for target of 6130 - 6150 in 2-3 days.
Stock traders can go for LT and ICICIBANK for 2-3 days to get decent gains.

Anjum S Khan