TrackNifty
 
Free Nifty F&O calls for full one year

Tuesday, 18 February 2014

Nifty February 2014 series analysis forecast for 19 Feb 2014 - 18 Feb 2014

Hi,

Nifty analysis for 19 Feb 2014

Nifty zoomed 50+ points to cross 6100 for the first time in Feb 2014 series making high of 6141.70. We were not surprised by this move as we clearly stated that 17 - 19 would be clear bullish in our forecast. 

BankNifty closed with gains of 248 points and IT remained flat.

Despite this bullishness rupee was under pressure and it actually fall to close the day with 0.46% loss. Dollar is again above 62.

One more time band is passed successfully. And now we are entering our last time band. In this time band which will run from 20 - 26 Feb 2014 markets are likely to see both buying and selling creating confusion in one's mind. 
http://nifty-forecast.tracknifty.com/2014/02/nifty-forecast-for-january-2014.html

Nifty is likely to remain in the range of 6126 - 6040 till expiry now.

In Equity segment FII were net buyers again albeit in small quantity only showing skepticism at higher levels.

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 18-Feb-2014 2327.07 2034.84 292.23
DII 18-Feb-2014 738.64 893.47 -154.83

In derivative front FIIs were net sellers again in stock futures as yesterday. Nifty futures saw short covering after yesterday's buildup , OI decreased today with premium now standing at 11 points.



FII DERIVATIVES STATISTICS FOR 18-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
71544
2128.73
50833
1503.66
389374
11763.92
INDEX OPTIONS
578538
17082.65
546792
16127.55
1572994
47874.79
STOCK FUTURES
55588
1674.96
65748
1962.67
1036100
30777.64
STOCK OPTIONS
45298
1287.34
46756
1332.56
65161
1921.66


Stock ideas update

LT and ICICIBANK both shined beautifully and if you are following our advice you must have made good gains. All other recommendations were closed in plus like HDIL, UNITECH. ITC is losing shine and after several attempts it is now slowly drifting in bear grip.

Nifty forecast for 19 Feb 2014

Nifty is expected to remain under selling pressure and is likely to fall -30 points to close near 6100. 

Advice for traders

Try to trade in the range 6140 - 6080 on the short side only. Carry over short positions tomorrow.

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