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Thursday, 29 May 2014

Nifty analysis forecast for 30 May 2014 - 29 May 2014

Nifty analysis for 29 MAY 2014

Nifty opened negative on the back of weak IT index and kept falling whole day on the back of INFY pressure. Expiry was fully open though we expected 7330 expiry but markets decided to fall. BankNifty remained positive most of the time but eventually it too gave up in the later half of the day to close down 143 points. Now buying area exists above 7290 only.

All indices closed in red with IT falling most by more than 3% and only Media sector closed decent  plus by 0.65%. 

FII now turning to selling mode and DII are now entering buying mode. How long this will continue, time will tell. 

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 29-May-2014 6821.817344.71-522.90
DII 29-May-2014 2386.372191.17195.2

In derivative segment FIIs remained net sellers in both Index and Stock futures.


Nifty June 2014 future premium stands at 30 points.
MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES 253.37
INDEX OPTIONS -2999.96
STOCK FUTURES -15782.76
STOCK OPTIONS -526.66


FII DERIVATIVES STATISTICS FOR 29-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
186078
6829.82
189134
6929.84
244389
8944.31
INDEX OPTIONS
594081
21681.72
545983
19988.27
1129203
40876.28
STOCK FUTURES
402682
14475.34
482151
17395.51
1432873
50290.02
STOCK OPTIONS
75092
2816.25
73437
2772.95
6995
271.35

Highlight of the day

Despite market falling VIX remained negative.

Stock ideas update

Renuka - multibagger closed flat at 24.5 and remained in buying territory. 

Trade update

We sold Nifty June 2014 futures today and are in 57 points of running profit.
http://nifty-trade.tracknifty.com/2014/05/nse-nifty-june-2014-series-trade-1-29.html

Nifty forecast for 30 MAY 2014

Markets likely to trade bearish.

Advice for traders

Trade on the short side with stop loss of 7290.

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