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Sunday, 16 March 2014

Nifty analysis forecast for 18 March 2014 - 14 March 2014

Nifty analysis for 14 Mar 2014


Nifty remained in highest pressure on 13th March 2014 which was the end day for our selling time band as mentioned in our time forecast. Immediately next day on 14th March 2014 it bounced back sharply after global cues pushed it lower towards 6450. Everything happening exactly according to time bands. 

Now we will enjoy favorable winds towards north from 18th March 2014 onwards. Selling pressure was seen in its most feary shape in all markets around the globe except our markets. Now it will be interesting to see if all world markets take U turn as now we will be in buying time band. 

All sectors were down today except PHARMA which is going opposite to broader markets. Realty sector started witnessing buying in mid session and was first sector to see buying. Realty stocks zoomed vertically after early big weakness signalling fireworks on 18th March 2014. BankNifty closed flattish negative. PHARMA, INFRA were biggest gainers gaining 1% each. IT index closed flattish negative. 

FIIs were net buyers extending their regular routine buying. DIIs are still into selling mode.


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 14-Mar-2014 3951.442969.25982.19
DII 14-Mar-2014 733.471599.89-866.42

On derivative front FIIs once again offloaded their stock futures taking their offloading streak to 5th day. Nifty future premium remained in the range 30-40 as has been for the last few days. OI decreased marginally by -0.19.



FII DERIVATIVES STATISTICS FOR 14-MAR-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
51798
1663.78
73050
2342.71
495051
16060.15
INDEX OPTIONS
487205
15410.33
475710
14969.74
1632929
52893.79
STOCK FUTURES
81559
2807.42
100514
3375.41
1070376
34385.82
STOCK OPTIONS
58335
1972.21
58679
2000.25
99502
3142.90

Stock ideas update

JINDALSTEL stopped out during the day but closed 2% higher. If you are holding positions in it, keep holding so, as now after sufficient consolidation, it should move higher.

RENUKA is next big thing building up. Now with support of bullish time band and 15 days consolidation with narrow range, it should move vertically up like LT for many days to come.

Trade update

No positions on hold after stopped out on 13th March 2014.

March 2014 profit

Booked : 25 Nifty points + 776% Option gains


Nifty forecast for 18 Mar 2014

Nifty should move up.

Advice for traders

Trade with longs only. 6434 - 6601 would be range for trading. Nifty should now hit 6627 in this next leg up.

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