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Wednesday, 18 June 2014

Nifty analysis for 18 June 2014 and Nifty view forecast for 19 June 2014 - 18 June 2014

  JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED186268-1.229.67%
RUNNING




Nifty analysis for 18 JUNE 2014


We mentioned about Nifty's future path at 10:05AM itself today, and what happened today is history. In yesterday's report under Advice for traders section we mentioned not to trade today and you must be appreciating why we said so. We exited our long positions in the morning itself and enjoyed the fall thereafter. 

Nifty fell sharply after news flashed regarding militants attack in Iraq, and closed 73.50 points lower at 7558.20. Markets complete their calculated path which is pre-decided, and news only act as catalyst/trigger. In our tweet we mentioned 7519 as lower range and Nifty made exact low of 7515. 

Defensive sectors : Media, Pharma closed in green , rest all other sectoral indices gave red closing with Realty index taking the most beating by over 2%.

After the 100 points fall, many stocks gave sharp recovery like PNB, AXISBANK, SBIN which actually moved into positive territory.

FII/DII never miss any opportunity of bottom hunting and both were net buyers today.

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 18-June-2014 4438.704072.52366.18
DII 18-June-2014 1649.511331.36318.15

In derivative segment too they were net buyers in Index futures and Stock futures bringing down the OI sharply by covering their shorts.


Nifty futures closed in discount but post-closing premium rose to 11 points with expected further fall in OI by 4.61%.


JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2395.50
INDEX OPTIONS 6076.07
STOCK FUTURES 1961.75
STOCK OPTIONS -284.37


FII DERIVATIVES STATISTICS FOR 18-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
67932
2583.59
62203
2367.46
354092
13416.74
INDEX OPTIONS
556829
21071.15
560402
21222.07
1762192
66617.60
STOCK FUTURES
105262
3882.77
97309
3574.74
1530606
55403.59
STOCK OPTIONS
96191
3697.86
96781
3717.67
118572
4439.41

Highlight of the day

VIX rose by 5%.

Nifty fell more than 100 points in roughly 30 minutes, and gave sharp recovery to quote hardly -21 points down, and then close down again.

FII / DII were net buyers today.

Hindalco closed 2.6% higher at 166.8.

Stock ideas update

RENUKA closed 3% lower at 27.3 after forming a low of 26.7 giving closing above its buying area which we mentioned in our previous posts.

BHEL hits stop loss in strong downward momentum but closed well above its recommended price. Focus on accumulating it. Buying area exists above 230.

Trade update

No more free F&O trades will be posted for this series.

Our Natural Gas trade stopped out yet again yesterday bringing down our profit to -1.22%.

Nifty forecast for 19 JUNE 2014

Nifty is likely to trade higher.

Advice for traders


Focus on buying for 20 points.

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