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Sunday, 29 June 2014

Nifty analysis for 27th June 2014 and Nifty view forecast for 30 June 2014 - 27 June 2014

  JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES*
(percent)
STOCKS
(percent)
BOOKED1862684.989.67%
RUNNING



* Commodity profits are converted to their NG equivalents.


Nifty analysis for 27 JUNE 2014

Nifty closed 15.60 points plus at 7506 after making a high of 7538. This time IT, FMCG and PHARMA sectors were used for lifting index higher to give a closing above 7500. Closing below 7500 would bring weakness so market makers are trying every trick in the book to keep index maintain 7500.

In our email to paid clients we mentioned 7530 - 7540 as crucial levels, and today Nifty couldn't cross 7540 and remained subdued forming a base above 7500.



IT stocks were star of the day with TCS zooming 4%, followed by Realty and Pharma stocks. Realty stocks gave very strong recovery later in the day moving from negative to positive territory. RANBAXY closed 4% higher, HDIL 5.5% higher and UNITECH moved from 2% lower to 1.6% higher. 

FII : DII turnover was near equal in opposite directions. 

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 27-June-2014 3780.973598.42182.55
DII 27-June-2014 1422.691595.09-172.4

And in derivative segment FII started with selling both index and stock futures indicating no enthusiasm before budget. 


Nifty future sheds 1.17% OI and closed with 38 points premium.


FII DERIVATIVES STATISTICS FOR 27-JUNE-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
24774
935.56
25059
945.71
296478
11185.22
INDEX OPTIONS
194106
7258.38
164540
6239.11
1076163
40401.06
STOCK FUTURES
63681
2356.45
85467
3252.82
1469018
54110.58
STOCK OPTIONS
27342
1049.64
26824
1041.19
27076
1004.81

Stock ideas update

RENUKA and BHEL both fell more than 2%. Both remains in consolidation mode in range of 31 - 26 and 232 - 255 respectively. BHEL has formed an important pattern as per Elliott wave , and so 275+ levels will come surely and any crackdown below 238 looks  a distant possibility.

Trade update

We sold Natural Gas for July 2014 series and are in profit in it.

And we will take position in Nifty future at market open : 
http://nifty-trade.tracknifty.com/2014/06/nse-nifty-fut-july-2014-series-trade-1.html

Nifty forecast for 30 JUNE 2014

Sent to paid clients

Advice for traders

Sent to paid clients

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