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Wednesday, 14 May 2014

Nifty analysis forecast for 15 May 2014 - 14 May 2014

Nifty analysis for 14 MAY 2014

Nifty closed absolutely flat at 7108.75. We mentioned in our yesterday's report that today should be range-bound day with red closing. Today market kept trading in narrow range after morning session pullback by 30 points. Big stocks remained in pressure like LT, SBIN, BHEL, HDFCBANK, and real buying was seen in midcaps. Nifty MidCap 50 index closed 2.5% plus. 

Pressure came from Energy, Pharma, IT, and Finance sectors. Metal, PSU Banks and Realty index zoomed by more than 3% each. BankNifty contributed only 41 points. Market breadth remained sharply positive throughout the day in favor of bulls.

FII buying continued in line with expectations. DII offloading was as usual.

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 14-May-2014 5378.753858.671520.08
DII 14-May-2014 1294.011704.02-410.01

In derivative segment FIIs added  sell positions in both Index and Stock futures. Stock futures in fact saw 1367 Cr of sell positions getting added. We are now at half way mark in this series and all 4 categories are showing sharp negativity.

MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1544.15
INDEX OPTIONS -5800.61
STOCK FUTURES -3854.20
STOCK OPTIONS -113.04



FII DERIVATIVES STATISTICS FOR 14-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
50846
1815.26
53724
1916.80
378430
13516.12
INDEX OPTIONS
244759
8506.71
328813
11489.04
2197024
78087.90
STOCK FUTURES
100144
3422.61
143494
4789.71
1311596
43293.00
STOCK OPTIONS
43191
1486.57
43511
1509.06
92119
3070.27

Highlight of the day

Stock futures saw a whopping 1367 Cr of short positions getting added.
When Nifty was down 21 points at a time, 8300 and 8000 strike CEs were trading in positive.
8600 strike was added today in Nifty strikes.

Stock ideas update

No ideas to track

Trade update

We took fresh position in UNITECH 27.5 CE.
http://nifty-trade.tracknifty.com/2014/05/nse-unitech-may-2014-series-trade-5-14.html

Nifty forecast for 15 MAY 2014

Nifty is likely to trade negative tomorrow entire day.

Advice for traders

Avoid intraday trading tomorrow as anything can happen on the eve of election results. We are expecting a red/sub-dued closing tomorrow. And irrespective of closing, we will take position between 3:00 - 3:30pm for 16th May 2014.

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