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Monday, 26 May 2014

Nifty analysis forecast for 27 May 2014 - 26 May 2014

Nifty analysis for 26  MAY 2014

Nifty closed 8 points down to finish at 7359.05, but that won't tell you the story. It actually went up to hit 7504 as mentioned in our previous day report, and then fell more than 200 points from there to make a low of 7269, finding some buying support to close at 7359.05. We wrote about our target of 7500 in yesterday's report, and that the buying area exists above 7331. Nifty after hitting 7500 broke 7331 temporarily and closed in buying territory above 7331. 


Nifty opened 61 points higher at 7428 and without hitting stop loss went on to hit 7500. Cool 70 points must be made by traders who followed the advice given in our yesterday's report.

Stocks which were at a time 3-4% higher closed sharply down. UNITECH was once higher at around 4% closed 4% down. Small and Midcaps lost the ground by 2% each. Realty index got the most punishment of more than 5%. BankNifty closed -109 and IT index closed 119 points higher. For this series, IT index would be used to provide the cushion to keep Nifty higher.


At the end of the day net sell figures didn't enthuse much. 


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 26-May-2014 5744.285828.41-84.13
DII 26-May-2014 2498.832707.22-208.39

In derivative segment FII added long positions to their stock future holdings and short covering was missing today too. In index futures short covering was seen with OI coming down to 527362 on the back of +334.80 Cr buying. Total turnover of Index future is now just short of positive territory at -376.60 Cr


Nifty future premium reduced to mere 2 points as expiry is 3 days away.

MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -376.60
INDEX OPTIONS -4121.73
STOCK FUTURES -11272.38
STOCK OPTIONS -572.33



FII DERIVATIVES STATISTICS FOR 26-MAY-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
165605
6195.93
156996
5861.13
527362
19499.14
INDEX OPTIONS
902502
33534.97
908712
33716.69
2536799
93505.42
STOCK FUTURES
492245
18369.63
488230
18163.07
1523161
54186.06
STOCK OPTIONS
112045
4307.51
114350
4387.24
139303
5182.46

Highlight of the day


1. VIX rose 12% higher to close at 19.84

2. BankNifty fell around 600 points from its morning highs.
3. HDIL closed 10% lower.

Stock ideas update

Renuka fell 4.9% to close at 24.5 and continues in buying territory.

http://nifty-multibagger-stocks.tracknifty.com/2014/01/multibagger-call-buy-renuka-19-january.html

Trade update

No free trades to track for this series.

Paid clients today took position for June 2014 series and were in running profit of around 50% at one time, and holding position with profit of around 30%.
Still 3 days are left for new series to start and one can still take position at throw away price of 500/- for our new option trade.

Nifty forecast for 27 MAY 2014


Nifty is likely to trade on bearish note. We tweeted about coming weakness during market hours.

refresh the page if tweet is not visible
Advice for traders

Selling area remains below 7412. One can short at market open with 7412 stop loss for target of XXXX.

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