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Thursday, 1 May 2014

Nifty May 2014 series analysis forecast for 2 May 2014 - 30 April 2014

Nifty analysis for 30 APRIL 2014

Nifty fell quite sharply after showing positive territory by 50 points. This was in accordance with our forecast published in our last report. Selling came again across the board with realty sector butchered by 5%. Any sector getting hammered in such a way is an alarming sign when there are talks of bullishness. 

BankNifty closed down 0.42% and IT index too didn't support and closed down 0.26%. Metal index again shed 1%. This back to back sharp fall isn't a good sign at all. 

VIX again cooled off by more than a 1%.

Highlight of the day was DLF getting hammered down in a flash by 8%.

Despite this fall when many would have thought institutions would sell sharply, FII and DII both actually finished up buyers.

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 30-Apr-2014 4444.923990.44454.48
DII 30-Apr-2014 1329.061322.606.46

And in derivative segment FII actually finished up with buying stock futures after continuous selling since April 2014 series. 



MAY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1864.53
INDEX OPTIONS 1274.60
STOCK FUTURES -976.66
STOCK OPTIONS 171.49

FII DERIVATIVES STATISTICS FOR 30-APR-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
79960
2686.25
87896
2953.33
258958
8661.74
INDEX OPTIONS
301981
10076.49
303731
10181.13
1309355
43766.90
STOCK FUTURES
110392
3475.63
108391
3424.92
1218750
37183.19
STOCK OPTIONS
39371
1265.18
39847
1274.98
42015
1291.20

Stock ideas update

We gave a recommendation to buy IDFC with stop loss of 110, and it made exact low of 110. But we recommend to exercise caution as many stocks have fallen very sharply like DLF. So chances are high for 110 to get broken.
http://blog.tracknifty.com/2014/04/idfc-may-2014-analysis-forecast-29-may.html

Nifty forecast for 2 May 2014

Nifty is expected to trade with bearish bias in continuation to its ongoing trend. 

Advice for traders

Sell any rise with stop loss of 6721 for target of 6651, 6640.

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