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Tuesday, 17 June 2014

Nifty analysis for 17 June 2014 and Nifty view forecast for 18 June 2014 - 17 June 2014

Nifty analysis for 17 JUNE 2014

Nifty finally settles at 7631. It remained flat entire day when last hour fireworks took index higher to close 98 points higher. 

PSU Banks gained 3% and all sectoral indices closed in green except FMCG which closed -0.29% lower. BankNifty zoomed to close 300 points plus and IT index too didn't disappoint and closed 40 points higher.

LT closed 2% higher and YESBANK closed 3% higher. RENUKA, HDIL closed 3% plus. 1180 shares gained today.

FII / DII buying didn't enthuse much and remained direction less. They must be waiting for some big news for more clarity.

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 17-June-2014 4641.02459348.02
DII 17-June-2014 1435.151671.94-236.79

In derivative segment FII's sold in both Index and Stock futures. Nifty futures OI further reduced by 1% but premium rose to 26 points. All in all lackluster series building up for expiry. Market is still directionless. 



JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2611.63
INDEX OPTIONS 6226.98
STOCK FUTURES 1653.71
STOCK OPTIONS -264.56

FII DERIVATIVES STATISTICS FOR 17-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
53036
2011.53
57897
2201.26
379369
14541.87
INDEX OPTIONS
433424
16377.55
381944
14447.53
1725413
65862.76
STOCK FUTURES
71899
2737.93
104051
3970.93
1534777
56425.36
STOCK OPTIONS
72532
2787.35
73737
2824.87
109534
4156.06

Stock ideas update

RENUKA gains smartly from support area and closed 4% higher at 28.15.
BHEL gains 2.80% and closed at 247.80.

Trade update

No more free F&O trades will be posted for this series. Paid susbcribers are now in running profit of 100% in our 7700 CE idea.

Natural Gas short position idea is posted today.
http://nifty-trade.tracknifty.com/2014/06/mcx-ng-june-2014-series-trade-14-17.html

Nifty forecast for 17 JUNE 2014

Nifty is likely to trade sideways whole day in narrow range.

Advice for traders

Avoid trading.

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