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Wednesday, 19 February 2014

Nifty February 2014 series analysis forecast for 20 Feb 2014 - 19 Feb 2014

Nifty analysis for 20 Feb 2014

Nifty keep moving higher on the third and last day of our time forecast. We mentioned about 17-19 Feb 2014 extra bullishness. And Nifty surpassed our expectations. We didn't expect it to move past 6120 approx. 

Bank stocks didn't participate at all, IT stocks were used to lift markets higher. 
Both LT and ICICIBANK have risen very nicely. LT is now standing at 1031 and ICICIBANK at 1030, surprisingly both stocks closed at same levels. 

Sugar stocks rose like a rocket. Our multibagger recommendation RENUKA spurted 6% to close at 21.65.
http://nifty-multibagger-stocks.tracknifty.com/2014/01/multibagger-call-buy-renuka-19-january.html

Another multibagger recommendation UnionBank has hit stop loss and is now at 104.65.

Nifty future premium reduced to 7 points today with hardly any addition of OI in it. 

In Equity segment FIIs continued their buying, and DIIs again started selling highs after aggressively buying at lower levels near start of the series.

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 19-Feb-2014 1812.17 1343.70 468.47
DII 19-Feb-2014 458.89 797.63 -338.74


FIIs continued their selling in stock futures and today was third day in a row for their selling. In last 3 days they have sold more than 500 Cr of stock futures. 


FII DERIVATIVES STATISTICS FOR 19-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 36219
1095.16
30423
913.63
386700
11725.86
INDEX OPTIONS
356592
10544.47
341668
10068.60
1591798
48630.68
STOCK FUTURES
48276
1516.03
52596
1636.38
1046116
31217.34
STOCK OPTIONS
33862
1031.42
36441
1100.97
68030
1999.26


Trade update

Our short trade in Nifty future stopped out with loss of 61 points. Nifty took entire day to get past 6150. Our levels are calculated very minutely.

Our 6200 PE too stopped out with loss of 20%.

Our total profit is now 116 points, and 50% options gain.

6000 CE is also likely to get stopped out tomorrow.

If we would have stick to TIME forecast strictly and waited for 19th to get over, we could have saved a lot.

Lets see tomorrow. We are following our stop loss strictly so we are able to remain in some decent profit till now. 

Nifty forecast for 19 Feb 2014

Nifty in all likely hood should hit 6192 and react sharply from there. 

Advice for traders

If market gives time, buy for spot target of 6192 and exit and take short positions for target of 6145. Today's short positions can be averaged out at higher levels. Focus should be now towards buying any decline rather than selling.

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