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Sunday, 20 April 2014

Nifty April 2014 series analysis forecast for 21 April 2014 - 20 April 2014

Nifty analysis for 17th  APRIL 2014

Nifty closed 1.6% higher at 6779 with support coming across the board. IT and Banks both contributed to the upside. TATAMOTORS and HINDALCO were top gainers of 4% each. LT remained sluggish. Both LT and YESBANK have fallen to short term bearish territory. Both these stocks have remained the face of Nifty since Feb 2014 series when foundation of this rally was set. 

VIX remained flat. VIX is maintaining higher levels surprisingly. It is now in danger zone, and so risk in the markets have increased a lot.

In our forecast for 15th April 2014 we mentioned about Nifty to trade with bullish bias, but Nifty fell on both 15th and 16th. But it covered nearly all its losses on 17th April 2014.

FII turnover was low, as DII selling was low too. Last few days have seen FII buying decreasing sharply at higher levels.

FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 17-Apr-2014 3360.342926.94433.4
DII 17-Apr-2014 1531.021653.77-122.75

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



FII DERIVATIVES STATISTICS FOR 17-APR-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
103011
3465.44
81728
2749.00
401545
13591.19
INDEX OPTIONS
468268
15544.17
453890
15058.90
1573063
53194.43
STOCK FUTURES
241539
8589.05
247743
8893.27
1123772
39693.02
STOCK OPTIONS
80801
2845.21
81287
2854.53
66766
2357.04

Stock ideas update
No ideas to track now. Renuka is going sideways and downside looks protected now with too many narrow range sessions.

Trade update

In this series we have booked 183% option profit in our UNITECH 17.5 CE.

We are holding out Nifty longs with 2 lots of Nifty Futures at average price of 6712.
We are holding out Nifty 7000 CE at average price of 13/-.

Nifty forecast for 21 APRIL 2014
Nifty is expected to trade higher towards 6850.

Advice for traders
Trade with range-bound bias of 6850 - 6800 until expiry.

Note 
If you want to make extremely good money until 6th May 2014, contact us at admin@tracknifty.com.

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