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Saturday, 7 June 2014

Nifty analysis for 6 June 2014 and Nifty forecast for 9 June 2014 - 5 June 2014

JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED-4690-2.589.67%
RUNNING130614.4


Nifty analysis for 6 JUNE 2014


Nifty closed 109 points higher at 7583.40 amidst sharp swings during the day. We mentioned in our last report that traders should wait for 30-40 points dip from high and Nifty gave 2 such dips. Because of technical pressure it remained sideways at higher levels and then ran away.


Buying came across the board except Metal and IT sectors which closed in red with loss of about 0.40% each. Realty sector gained the most by 5% followed by Energy sector which gained 4%. BankNifty closed with decent gains of 261 points at 15543.


Hero of the day was ONGC which zoomed 10% to close at 463.40, which is quote unusual for this stock.


FII remained clear buyers and DII were no match for them.


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 6-June-2014 7957.086674.041283.04
DII 6-June-2014 2036.192351.34-315.15

In derivative segment FIIs continued their index future selling and stock future buying which they are doing since beginning of this series.



Nifty future premium shrinks to mere 7 points and no enthusiasm in seeing in traders on the long side. Will market zoom up or will find resistance after testing 16th May 2014 high ?


JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1559.33
INDEX OPTIONS 3274.68
STOCK FUTURES 1988.91
STOCK OPTIONS -56.59


FII DERIVATIVES STATISTICS FOR 6-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
41297
1568.41
52571
1989.77
262115
9990.22
INDEX OPTIONS
297613
11201.26
283900
10618.07
1432186
54359.24
STOCK FUTURES
110646
4170.80
93129
3563.48
1514142
56540.29
STOCK OPTIONS
65584
2450.40
66594
2481.75
83004
3160.51

Highlight of the day

1. VIX rises 3.46%
2. Nifty future premium falls to 7 points
3. ONGC rises 10%

Stock ideas update

Our last stock recommendation to buy HINDALCO gave us cool 10%.
http://nifty-trade.tracknifty.com/2014/06/nifty-stk-june-series-trade-5-3-june.html

And our multibagger recommendation RENUKA zoomed 13% to close at 30.75.

Trade update

Our option recommendation to buy 7700 CE hits target.

http://nifty-trade.tracknifty.com/2014/06/nifty-opt-june-2014-series-trade-6.html

And our nifty future position is in profit of 130 points as of now.

http://nifty-trade.tracknifty.com/2014/06/nifty-fut-june-2014-series-trade-6-5.html

Nifty forecast for 9 JUNE 2014

Nifty is expected to remain sideways to bearish in the first half. 

We have posted chart based forecast in our forecast blog : 
http://nifty-forecast.tracknifty.com/2014/06/nifty-june-2014-chart-based-forecast-6.html

Advice for traders


Don't take long positions in opening hour. Wait for a dip or consolidation during first 2-3 hours and then buy for 40 point target. Buying area exists above 7545.


Extras

Paid clients made profit of more than 100% in our 7700 CE. Few smart traders went for our Brilliant idea , and are in 85% profit. This single-idea-purchase concept is very cost effective both for buyers and we the providers. Our ideas are very cheap and rewards are high.

LT is forming a weak structure !

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