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Tuesday, 13 May 2014

Nifty analysis forecast for 14 May 2014 - 13 May 2014

Nifty analysis for 13 MAY 2014

Nifty zoomed further up but remained under pressure at higher levels and traded in a range of 100 points between 7180 - 7080. If you followed our advice in our last report to take long position at market open you must have made more than 50 points for sure. 

Capital goods stocks saw big gains like BHEL, ALSTOMT&D, SIEMENS registering big gains followed by Realty stocks like DLF, HCC shining brightly, but HDIL, UNITECH remained sub-dued. Same was the case with Metal stocks which were trying hard to come up but pressure at higher levels kept them low. Some consolidation will help these stocks overcome their technical hurdles in 3-4 days.

BHEL was hero of the day with gain of 10% closing at 229.

BankNifty was at a time 2% up but then closed with only 0.57% gains. IT index zoomed brightly today with 2.55% gains.

One sided FII buying continued today as well, as has been the case for the last 3 days. But today DII decided to offload their holdings at higher levels.

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 13-May-2014 6199.334173.12026.23
DII 13-May-2014 1638.142287.56-649.42

In derivative segment FII keep selling stock futures, though to a lesser amount of 190 Cr only. But sharp buying of index futures was seen to the tune of 1500Cr. 


Nifty future premium reduced to 25 points only from yesterday's 29 points. This came with 1500Cr index future buying and OI addition of 6.91% in Nifty futures. OI addition is not picking up, and this is likely to continue till 16th May 2014.
MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1442.61
INDEX OPTIONS -2818.28
STOCK FUTURES -2487.10
STOCK OPTIONS -90.55


FII DERIVATIVES STATISTICS FOR 13-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
137674
4918.27
95651
3417.99
357342
12749.74
INDEX OPTIONS
417975
14719.96
387359
13628.25
2102924
74733.22
STOCK FUTURES
128296
4361.45
135768
4555.25
1308686
42681.29
STOCK OPTIONS
59112
2009.94
58623
1981.36
84019
2813.48

Highlight of the day

VIX lost 13% which was expected after exit polls, and all CE/PE closed in red.

Stock ideas update

No stocks to track

Trade update

No trades to track

Nifty forecast for 14 MAY 2014

Tomorrow we are expecting a red closing and a range-bound session between 7020 - 7100.
We have updated our forecast blog.
http://nifty-forecast.tracknifty.com/2014/05/nifty-may-june-2014-forecast-13-may-2014.html

Advice for traders

Traders are advised to buy any gap-down for target of 7100 only with stop loss of 7000 - 7020.
Base shifting was taken place to 7000 - 7100 now and with fairly good rating of 6/10. So now buying area exists above 7000 and any break of 7000 will see sharp jump to higher levels. Operators as always will try to break 7000 only to open with sharp gap up next day. So don't miss any chance to buy below 7000 near market closing any day.


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