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Monday, 19 May 2014

Nifty analysis forecast for 20 May 2014 - 19 May 2014

Note : Forecasts in forecast blog as posted just for fun. Forecasting markets with 100% accuracy is impossible. Don't trade the forecasts blindly. Trading ideas with proper stop loss and targets are posted in separate blog.

Nifty analysis for 19 MAY 2014

Nifty opened 70 points plus in line with our expectations, and then kept falling towards negative territory. BankNifty kept showing big strength entire day and compensated well for the weakness created by IT sector. Midcaps / Smallcaps were the stars of today with stocks like UNITECH, NHPC, SUZLON, MRPL, PETRONET, GUJNRECOKE zoomed like mad bulls. This is very healthy sign for the market. Now FII money is slowly shifting to beaten down stocks.

Difficult to judge star performers for today's session, but for us BHEL, LT, UNITECH, JINDALSTEL are the stars. BHEL zoomed 14%, LT up 6.8%, UNITECH up 18% and JINDALSTEL up 7.4%. 

BANKNIFTY closed 369 points higher and IT index closed 436 points lower. Defensives were down quite sharply like FMCG and PHARMA both tanked badly. 

FII buying was one sided and DII selling was no match for their buying.

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 19-May-2014 8446.217096.171350.04
DII 19-May-2014 3299.123647.6-348.48

And in derivative segment FIIs added index futures to the long side with OI increasing to 

453686,  and some  profit taking was seen in stock futures bringing down the OI to 1359484. Yesterday we mentioned about index options sell figure to come towards positive side, today some extra long positions were added in index options.

Nifty premium reduced to mere 16 points.
MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1578.82
INDEX OPTIONS -7511.67
STOCK FUTURES -8847.66
STOCK OPTIONS -151.44

FII DERIVATIVES STATISTICS FOR 19-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
110078
4025.59
93847
3444.55
453686
16619.28
INDEX OPTIONS
518621
18837.88
464523
16924.46
2446700
89066.87
STOCK FUTURES
190422
6734.31
227647
7890.60
1359484
47415.74
STOCK OPTIONS
70870
2520.42
73138
2598.29
100809
3628.71

Highlight of the day

Today was an eventful day.
1. JINDALSTEL completed its recovery from 240 levels to 290 levels after falling vertically from April 2014 highs.

2. IT stocks took hammering by 4%.

3. LT, BHEL, NTPC, SBIN, AXISBANK, PNB, DLF takes out their high of 16th May 2014 with full authority.

Stock ideas update

No ideas to track

Trade update

No more  free trades for this series now. Check performance : 

http://blog.tracknifty.com/2014/05/tracknifty-may-2014-performance-at.html

Nifty forecast for 20 MAY 2014

Markets likely to trade with bullish bias like today.


Advice for traders


Trade with bullish target with stop loss of 7190 spot.


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