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Wednesday, 28 May 2014

Nifty analysis forecast for 29 May 2014 - 28 May 2014

Nifty analysis for 28 MAY 2014

2 Days ago we mentioned about sideways movement of Nifty in this tweet 

And now Nifty is not going anywhere but market breadth remains positive very sharply in the first half. Tricky situation prevails now, after elections results are out. IT index closed with biggest gain of 1.49% and Metal index closed with biggest loss of 1.41%. BankNifty closed flat with gain of 89 points.

Tomorrow INFY is likely to trade lower putting markets under pressure, and BankNifty might be used to keep index higher.

FII/DII turnover is sluggish in straight sessions indicating lack of enthusiasm. 

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 28-May-2014 5553.095839.63-286.54
DII 28-May-2014 1525.531558.93-33.4

In derivative segment FII continued their Index future buying and selling stock futures.

MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES 353.39
INDEX OPTIONS -4693.41
STOCK FUTURES -12862.59
STOCK OPTIONS -569.96

FII DERIVATIVES STATISTICS FOR -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
179002
6603.54
159685
5889.11
581566
21471.92
INDEX OPTIONS
398027
14614.43
407995
14956.29
2498933
91765.52
STOCK FUTURES
481677
17060.99
499646
17649.07
1601364
56811.00
STOCK OPTIONS
73377
2750.37
71706
2694.15
135844
5025.27

Highlight of the day

Markets kept trading in narrow range which kept on decreasing whole day.

Stock ideas update

Renuka - multibagger, remains in buying zone and closed 0.4% higher at 24.65. 

Trade update

No NSE trades to track.
We took long position in Natural Gas : 
http://nifty-trade.tracknifty.com/2014/05/buy-natural-gas-june-2014-series-28-may.html

Nifty forecast for 29 MAY 2014

Markets likely to trade same as today, sideways to bullish.

Advice for traders

Don't trade at all.

Note : New series is going to start, to get wonderful F&O ideas at cheapest prices, send an email at admin@tracknifty.com . Check our performance : 

http://blog.tracknifty.com/2014/05/nifty-future-performance-table-from-jan.html
http://blog.tracknifty.com/2014/05/tracknifty-may-2014-performance-at.html


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