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Tuesday, 10 June 2014

Nifty analysis for 10 June 2014 and Nifty forecast view for 11 June 2014 - 10 June 2014

JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED144268-2.589.67%
RUNNING

4.4

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Nifty analysis for 10 JUNE 2014

As forecasted in yesterday's report under forecast section, Nifty remained weak and in no time gave all its opening gains in a flash. We mentioned to sell short blindly at market open must have given you smart gains in morning session. 

Nifty closed marginally plus in line with its dominant trend recovering from low of more than 60 points. IT index dominated the market today closing with gains of 216 points followed by PHARMA index which closed with gain of 127 points. 

INFY, TCS closed with 2% plus gains and GITANJALI gems closed with 9.4% at upper circuit.

Risk subsided today and market responded well after sharp rise in risk yesterday. Sideways movement to continue for this week in markets. 

DII completely dominated the selling department, with some FII buying in the last session when Nifty recovers ground and closed in positive territory.

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 10-June-2014 5397.804715.54682.26
DII 10-June-2014 1312.362527.83-1215.47

And in derivative segment FII increased their selling in Index futures increasing their total sell figure to 2154Cr. They continued their Stock future buying which remained sluggish though.


Nifty future and BankNifty future both saw their OI rising marginally. Nifty future premium stands at 12 points.


JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2154.86
INDEX OPTIONS 3439.48
STOCK FUTURES 2083.17
STOCK OPTIONS -71.20



FII DERIVATIVES STATISTICS FOR 10-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
51072
1953.21
76244
2912.81
325579
12494.96
INDEX OPTIONS
321424
12190.03
326433
12353.83
1557435
59644.49
STOCK FUTURES
100559
3775.86
87711
3506.87
1544621
58404.81
STOCK OPTIONS
57857
2288.47
57022
2262.98
91446
3559.26

Stock ideas update

RENUKA remained flattish at highs and consolidated further.
http://nifty-multibagger-stocks.tracknifty.com/2014/01/multibagger-call-buy-renuka-19-january.html

Trade update

Market opened above our target of 7679 and gave us 40 cool points.
We have taken another long position, which will be our last free trade for this series.
http://nifty-trade.tracknifty.com/2014/06/nifty-fut-june-2014-series-trade-11-10.html

Our paid idea to buy Gitanjali Gems achieves target of 93 today itself giving gain of 9% in single day.

Stop fighting with the markets and get timely trading ideas right in your mobile.

Nifty forecast for 11 JUNE 2014

Nifty is likely to trade in narrow range of around 20-30 points.

Advice for traders

Avoid trading, but just in case if any sharp dip comes, then buy for 30 points target. Best money can be made with buying the lows and selling the highs this week.

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