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Wednesday, 11 June 2014

Nifty analysis for 11 June 2014 and Nifty forecast view for 12 June 2014 - 11 June 2014

JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED186268-1.589.67%
RUNNING




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Nifty analysis for 11 JUNE 2014


Nifty opened flat, went +30 points, then fell sharply and completes its 100 point fall from high of 7700 to low of 7589. This was what we mentioned in our yesterday's report under advice for traders section. If you would have followed our advice you must have made great money. 

IT index continued its march forwards as it was lagging behind the broader market and posted back to back gain of 2%. Pharma sector too moved further posting back to back gain of 0.88%.

BankNifty closed flat after early morning gain of +100 points. Realty sector which is high beta sector fell the most by more than 4%.

Stock wise BHEL, DLF fell quite sharply by more than 3% each and INFY remained top gainer by 3%.

FII/DII both remained net sellers today although selling was not much significant.

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 11-June-2014 4839.575152.97-313.4
DII 11-June-2014 1310.961718.72-407.76

And in derivative segment FIIs added longs in both stock futures and index futures. 



Nifty future premium remained at 11 points but OI decreased again by -0.05%. No significant OI addition is seen till now in Nifty future, and FIIs have added both longs and shorts in Index futures till now.

JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2077.24
INDEX OPTIONS 3300.57
STOCK FUTURES 2591.28
STOCK OPTIONS -149.82

FII DERIVATIVES STATISTICS FOR 11-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
51620
1977.99
49634
1900.37
332011
12698.68
INDEX OPTIONS
430520
16411.24
434506
16550.15
1604685
61232.75
STOCK FUTURES
108750
4081.15
92387
3573.05
1529556
56843.85
STOCK OPTIONS
91225
3565.99
93794
3644.61
101203
3876.06

Highlight of the day

Nifty fell 100 points from day's high.

Realty sector fell sharply by 4%.

HDIL lost 8%.

Stock ideas update

RENUKA fell 5.8% to close at 28.8, and consolidation continues in it at higher level.

Trade update

We exited our longs in line with our view of rangebound market.
http://nifty-trade.tracknifty.com/2014/06/nifty-fut-june-2014-series-trade-11.html

Nifty forecast for 12 JUNE 2014

Nifty is likely to trade in 40 points range unlike today's massive swing of 100 points.

Advice for traders

Buy Nifty at market open if it opens flat for target of 7640. Buying area exists only above 7600.

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