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Tuesday, 22 April 2014

Nifty April 2014 series analysis forecast for 23 April 2014 - 22 April 2014

Nifty analysis for 22 APRIL 2014

Tomorrow is expiry day for April 2014 series. On the eve of expiry Nifty closed flat down 2 points at 6815.35. Day was lackluster with market breadth pointing equal weight-age of both bulls and bears. Many front line stocks closed in red like SBIN, DLF, ITC and some stocks made new series high right on the day prior to expiry day like LT, RELIANCE, ICICIBANK. This making of new series high is very important. LT being the prominent stock closed good healthy 1.8% higher after yesterday's 4% upmove.

VIX closed 3% down which is a good sign for tomorrow for bulls. Some minor internals are keeping markets from going above 6850.

FII/DII turnover remained sluggish again 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 22-Apr-2014 2520.782357.85162.93
DII 22-Apr-2014 1074.261372.72-298.46

And in derivative segment FIIs again sold stock futures which they have been doing all throughout the series. They have in-fact bought Index futures for the last 5 days.



FII Derivatives turnover for April 2014 series (Cr)

INDEX FUTURES 436.41
INDEX OPTIONS 6727.74
STOCK FUTURES -3202.40
STOCK OPTIONS -20.60

FII DERIVATIVES STATISTICS FOR 22-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
149605
5104.44
122740
4181.36
478559
16289.29
INDEX OPTIONS
408054
13547.48
392869
13057.36
1538005
52300.27
STOCK FUTURES
414470
15003.99
425905
15422.23
1211396
43155.91
STOCK OPTIONS
59420
2147.62
58629
2115.14
66348
2386.96

Stock ideas update

No ideas to track

Trade update

We are holding 7000 CE but we are not counting on it.
Today we took fresh position in 6800CE and Nifty future, and exited 6850 PE with 10% loss.

http://nifty-trade.tracknifty.com/2014/04/nse-nifty-april-2014-series-trade-6.html

http://nifty-trade.tracknifty.com/2014/04/nse-nifty-april-2014-series-trade-7-22.html

http://nifty-trade.tracknifty.com/2014/04/nse-nifty-april-2014-series-trade-8-22.html

In this series we have booked 173% Option profit, and 200 Nifty points (100*2 lots).

Nifty forecast for 23 APRIL 2014

Nifty likely to go past 6850 and then fall back below 6850.

Advice for traders

Conservative traders can wait for Nifty to go past 6850 and then attack 6900 PE April 2014 series, and exit when Nifty falls back below 6850.

Risky traders can go for 6850 with stop loss of 6800 and then shorting at higher levels for target of below 6850.

Note
27 April 2014 - 6 May 2014 will present excellent money making opportunity. If interested contact now.

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