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Thursday, 12 June 2014

Nifty analysis for 12 June 2014 and Nifty view forecast for 13 June 2014 - 12 June 2014

  JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED186268-0.489.67%
RUNNING




Nifty analysis for 12 JUNE 2014

F-L-A-T can best describe today's indices. Nifty closed 23 points higher. It opened at 7640 went down below 7600 and if you followed our advice to buy it above 7600 mentioned in our last report, then you must have made good 20-30 points easily. 

Every other sub-index remained flat either plus or minus. IT index opened sharply higher by +100 points then slipped into red and remained sideways there after. BankNifty too remained flat entire day trying to find direction. 

Pharma sector was the hero with gain of 1.26% and Media sector was top loser with loss of 1.63%.

Hindalco gained 4%, and Bharti lost 4%. VIX closed in red, as risk is subsiding at higher levels now.

With risk subsiding now, FII increased their buying in contrast to their last few day's turnover.

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 12-June-2014 4192.313539.96652.35
DII 12-June-2014 1146.51888.71-742.21

In derivative segment FII remained net buyers in both Index and Stock futures although to a smaller amount.


Nifty future premium rose to 15 points with OI rising by 3.78%. 
On 29th May 2014, OI was 15391950, it fell to 13931350 on 6th June 2014, and today it rose 
back to 16692250 just short of it's series high of 16696000 on 30th May 2014.

Stock futures buying turnover is now highest for this year so far, last highest positive value was 2730.98 Cr on 7th March 2014, and today it's staggering 2831 Cr.

In May 2014 it remained more and more negative and markets went on higher and higher, and in June 2014 so far it remained positive so far , so will market do the opposite or it will move higher ? It's not easy to interpret these ever confusing derivatives data.

JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1925.30
INDEX OPTIONS 2788.16
STOCK FUTURES 2831.80
STOCK OPTIONS -135.08



FII DERIVATIVES STATISTICS FOR 12-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
35344
1354.64
31371
1202.70
348858
13390.45
INDEX OPTIONS
285012
10892.39
298595
11404.80
1646884
63028.06
STOCK FUTURES
78395
2890.76
69905
2650.24
1527718
56775.79
STOCK OPTIONS
68017
2669.01
67715
2654.27
103077
3931.60

Stock ideas update

RENUKA continued with its consolidation at higher levels.

Trade update

Natural Gas has zoomed back to 280 but we exited at 270. We didn't exit at 280 two days back hoping for 300 and yesterday exited in panic when it fell back to 268. 
http://nifty-trade.tracknifty.com/2014/06/mcx-ng-june-2014-series-trade-12-closed.html

Quota for free F&O trades is over for this series. If you are interested in continuous trading, join our paid plans. Paid subscribers have made 158 Nifty points so far, and are holding positions. Adding this to free trades, they have effectively made 158 + 186 = 344 Nifty points so far.

Nifty forecast for 13 JUNE 2014

Nifty is likely to trade with bullish bias without entering negative territory.

Advice for traders

Trade on the long side and only above 7640 for 20-30 points target.

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