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Sunday, 22 June 2014

Nifty analysis for 20 June 2014 and Nifty view forecast for 22 June 2014 - 20 June 2014

Nifty analysis for 20 JUNE 2014

Nifty continues its drifting down and giving a subdued closing again above 7500 after making a low below 7500. Nifty keeps testing 7500 multiple times in last 2 trading sessions and holds it successfully amidst enough selling pressure.

PSU Banks fell the most by 1.55% and Realty sector rose unexpectedly by 1%. BankNifty closed 70 points lower and IT pack closed absolute flat.

FII turns net sellers again and remains direction-less. One day they buy and the other they sell.

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 20-June-2014 4132.414353.06-220.65
DII 20-June-2014 1099.211025.3673.85

And in derivative segment FIIs remained net buyers in all categories except stock options where they sold 200 Cr. 


Nifty future premium remains at 14 points with OI reducing again by 1.74%. 

Nifty strong base exists between 7650 - 7500 with rating of 7 out of 10. So, expiry is likely to be in this range and towards 7650.

JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -2814.97
INDEX OPTIONS 7670.65
STOCK FUTURES 2214.16
STOCK OPTIONS -498.48


FII DERIVATIVES STATISTICS FOR 20-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
49087
1856.07
48060
1814.87
374471
14091.79
INDEX OPTIONS
351858
13237.41
342969
12938.91
1872704
70327.73
STOCK FUTURES
114910
4212.30
112872
4143.43
1538081
55039.71
STOCK OPTIONS
66787
2574.12
71450
2775.04
122221
4508.55

Stock ideas update

RENUKA rose sharply to 28.25 but closed below 27. Its buying area exists above 27 only. But one can safely accumulate it here for long term.

BHEL remains sideways and closed flat. It is still holding the support and remains in buying zone above 232

Trade update

Natural Gas has hit our stop loss again and we have taken fresh short position in it.
http://nifty-trade.tracknifty.com/2014/06/mcx-ng-june-2014-series-trade-17-20.html

Nifty forecast for 23 JUNE 2014

Nifty likely to close 70 points higher.

Advice for traders

There are two trading zones, 7500 - 7535, 7540 - 7600. Trading accordingly and on the long side.

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