TrackNifty
 
Free Nifty F&O calls for full one year

Monday, 17 February 2014

Nifty February 2014 series analysis forecast for 18 feb 2014 - 17 feb 2014

Hi,

Nifty analysis for 17th Feb 2014


Nifty continued its upward journey as discussed several times in earlier reports. But it remained just short of 6100 levels.


In our previous report http://blog.tracknifty.com/2014/02/nifty-february-2014-analysis-forecast_15.html we mentioned the importance of 6040 level and today Nifty made a low of 6038.30 and bounced back sharply. Levels mentioned in this site are calculated very minutely and so they carry immense importance. 


FIIs continued their buying in equity segment. 



FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 17-Feb-2014 2461.48 1938.66 522.82
DII 17-Feb-2014 490.88 736.05 -245.17

And in derivative segment they sold stock futures after continuous buying from last 6 days or so. 



FII DERIVATIVES STATISTICS FOR 17-FEB-2014
BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 38790 1158.40 30931 922.27 389051 11680.80
INDEX OPTIONS 474323 14035.39 466618 13745.87 1542426 46552.97
STOCK FUTURES 49512 1473.88 57805 1718.10 1020852 30032.84
STOCK OPTIONS 48391 1398.12 49921 1440.14 63999 1863.11

Stocks are losing their shine. We are suggesting to exit all stocks tomorrow itself without waiting further.

Stock ideas update

http://blog.tracknifty.com/2014/02/stock-ideas-unitech-hdil-sail-itc-8.html 


Exit all stocks now

LT and ICICIBANK are looking good and they too can be dumped tomorrow itself.

ICICIBANK going very well and is now above our targets.

LT not showing enough strength.

Trade updates


We are holding our Nifty longs.

Nifty forecast for 18th feb 2014

Nifty likely to remain in the range 6098 - 6038. Negative territory should be seen for some time.

Advice for traders

If nifty spot breaks 6040, then one can buy nifty future intraday with stop loss of 6040 spot for target of 6080 - 6098 - 6100. Avoid any overnight position tomorrow.



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