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Sunday, 27 April 2014

Nifty May 2014 series analysis forecast for 28 April 2014 - 25 April 2014

Hi,

April 2014 series has ended and much awaited May 2014 series has started. We predicted April 2014 series to expire at 6840 and it did expire exactly at 6840, although on expiry day we went a bit overstretched predicting 6860+ expiry.
http://nifty-expiry.tracknifty.com/2014/04/nifty-expiry-april-2014-series-update-2.html

So far we have made 341 Nifty points and 757% Option gains so far. We look forward to make more money in this series.
http://nifty-trade.tracknifty.com/2014/04/nifty-trading-performance-for-april.html

Nifty analysis for 25 APRIL 2014

Nifty closed -0.8% lower after falling 58 points to close at 6782.75. It was having problems in moving higher in April 2014 series, so pressure release was imminent. But still selling wasn't seen across the board as media, realty, psu-banks closed handsomely. FMCG took the hammering by -2%. 

BankNifty after moving 1% higher closed -0.67% lower. Highlight of the day was BankNifty 14700 CE which closed 185% higher despite BankNifty's red closing.

DII selling was no match for FII buying, or we can say FIIs weren't interested in holding the market. FII buying decreased considerably in last few days at higher levels. This might point towards a top formation in the offing.

FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII25-Apr-20144618.364323.35295.01
DII25-Apr-20141055.591472.89-417.3

And in derivative segment they maintained their selling of stock futures which they did throughout April 2014 series.


FII DERIVATIVES STATISTICS FOR -APR-2014
BUYSELLOPEN INTEREST AT THE END OF THE DAY
No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores
INDEX FUTURES
46742
1590.54
74000
2522.49
271532
9230.53
INDEX OPTIONS
230535
7889.25
196259
6617.29
1108439
37538.06
STOCK FUTURES
101569
3178.16
107153
3412.22
1209649
37774.90
STOCK OPTIONS
28868
947.90
25462
837.32
23149
718.69

Stock ideas update

No ideas to track

Trade update

No trades to track

Nifty forecast for 28 APRIL 2014

Nifty likely to remain range-bound between 6808 - 6747.

Advice for traders

Nifty is in no-trade zone. Any hesitation near 6808 can be sold with 20-30 points stop loss.

Note : New clients have started to join for May 2014 series. Hurry up to make great money until 6th May 2014.

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