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Thursday, 26 June 2014

Nifty analysis for 26 June 2014 and Nifty view forecast for 27 June 2014 - 26 June 2014

Note : From today onwards, Advice to traders, and Forecast sections will be emailed to paid clients only.

Nifty analysis for 26 JUNE 2014

It seems that market makers are reading this blog daily ! ;)

We predicted using our empirical analysis that Nifty should close +76 points, but it closed 76 points magnitude wise, but with sign changed. It actually closed exact -76 points. We can't fight with market makers daily. 

Nifty opened flat and remained in pressure right from the start and after remaining range-bound between 7550 - 7500 it finally break past 7500 and closed below it. Market breadth which was promising in the start, deteriorated entire day. LT was saving grace and closed 1.4% higher at 1673.

All sectors closed in red except Media(1.84%), Pharma(0.38%), and Auto(0.07%). Energy (-3.33%) and Realty tanked badly(-2.5%). BankNifty closed -187 points and IT index -8 points down. 

OMCs closed in deep red : RELIANCE(-3.7%), ONGC(-5.8%), IOC(-4.5%).

LT, HDFCBANK, BHEL closed in green, while YESBANK, DLF closed in red.

FII selling was no match for DIIs.

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 26-June-2014 4465.655067.54-601.89
DII 26-June-2014 2034.671863.75170.92

And in derivative segment FIIs sold stock futures by biggest amount of this series worth 1300Cr while they bought index futures worth only 153Cr.


Nifty July 2014 series premium stands at 41 points with good handsome addition of 30% OI.


FII DERIVATIVES STATISTICS FOR 26-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
137416
5190.20
133369
5036.50
302297
11403.17
INDEX OPTIONS
504449
18998.62
488145
18313.21
999369
37446.48
STOCK FUTURES
358090
13063.13
390865
14375.78
1454996
53399.12
STOCK OPTIONS
58711
2272.74
47945
1875.39
7138
255.78

Highlight of the day

OMCs tanked badly.

VIX closed in red falling 3.33%.

Nifty expired below 7500.

Stock ideas update

RENUKA remains in range-bound mode like many other stocks. Keep accumulating it upto 26 - 25.

BHEL remains bullish despite all bearishness. Use trailing stop of 248, and target of 260.

Trade update

We are only trading commodities for this month and have managed to increase our profit in it.
Our commodity profit stands at 3.48%. We convert other commodity profits to their Natural Gas equivalents for uniformity.

Nifty forecast for 27 JUNE 2014

Emailed to paid clients

Advice for traders

Emailed to paid clients

Note : We have identified two good trades one each in Nifty F&O.

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