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Sunday, 15 June 2014

Nifty analysis for 13 June 2014 and Nifty view forecast for 16 June 2014 - 13 June 2014

Nifty analysis for 13 JUNE 2014

Nifty closed 107 points lower at 7542. Fall was getting due for last 3-4 days and pressure was released finally. Some attributed it to the fact that IRAQ tension brought jump in crude prices which brought pressure on OMCs. 

All sectoral indices fell sharply with Realty index taking the toll the most falling by over 5%. PSU Banks and Metals followed closely, each falling by over 3%. 

What surprised every one was unexpected buying from FII and DII both at lower levels. Ever bearish DII too pounced upon the opportunity to buy the bottom.

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 13-June-2014 5305.704205.781099.92
DII 13-June-2014 1545.831187.12358.71

In derivative segment FII continued with their big Index futures selling and big Stock future buying.


Nifty premium increased to 18 points with massive OI reduction of 9%.

JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2500.06
INDEX OPTIONS 3718.63
STOCK FUTURES 3284.35
STOCK OPTIONS -183.47



FII DERIVATIVES STATISTICS FOR 13-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
52509
1994.87
67498
2569.63
353151
13350.72
INDEX OPTIONS
469350
17791.32
444211
16860.85
1679909
63354.86
STOCK FUTURES
106510
3888.55
90423
3436.01
1510693
54452.64
STOCK OPTIONS
99243
3887.64
100447
3936.03
108561
4047.43

Stock ideas update

RENUKA fell sharply to 26 levels and is likely to hold it. Fall below 26 is less likely.

Trade update

No more free trades will be posted this series.

Nifty forecast for 16 JUNE 2014

Nifty is likely to trade higher.

Advice for traders


Buy Nifty at market open above 7550 only with stop loss of 7520 for 30 points target.


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