TrackNifty
 
Free Nifty F&O calls for full one year

Monday, 9 June 2014

Nifty analysis for 9 June 2014 and Nifty forecast view for 10 June 2014 - 9 June 2014

JUNE 2014NIFTY FUTURE
(points)
OPTIONS
(percent)
COMMODITIES
(percent)
STOCKS
(percent)
BOOKED104268-2.589.67%
RUNNING15
4.4

Nifty analysis for 9 JUNE 2014


Nifty closed 71 points higher at 7654 maintaining good strength entire day. Now it has moved past the 16th May 2014 trading range of 7563 - 7130. Today's trading range was entirely above the high of 16th May 2014 high of 7563. With Nifty entering new territory, risk among the traders increased which got reflected in VIX rising sharply by 6.96%. 

Today support came from IT which closed with 70 points gain, so BANKNIFTY remained sluggish and closed absolutely flat. 

Media and Realty sectors were top gainer registering gains of 3.80% and 5.96% respectively.

With Nifty reaching another new high, risk increased and that affected turnover too. FII turnover changed abruptly to only 536 Cr which was only 50% of what they are doing for the last 3 days.

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 9-June-2014 5617.075080.39536.68
DII 9-June-2014 1837.362327.39-490.03

In derivative segment FIIs sold stock futures marginally after continuous buying from last 6 days building short positions at higher levels, but they bought index futures after a long time. This index future buying can be attributed to building of long positions rather than short covering with OI rising further to 293239.



Nifty future premium increases to 15 points with OI addition of 8.90%.

JUNE 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1195.26
INDEX OPTIONS 3603.28
STOCK FUTURES 1814.18
STOCK OPTIONS -96.70

FII DERIVATIVES STATISTICS FOR 9-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
60005
2304.49
50529
1940.43
293239
11269.09
INDEX OPTIONS
364291
13817.45
356637
13488.85
1518756
58172.37
STOCK FUTURES
96908
3716.95
102611
3891.69
1533559
58081.09
STOCK OPTIONS
57959
2239.71
59160
2279.82
86651
3345.94

Highlight of the day

1. VIX rose 7%
2. Nifty futures' OI increases by 8% with premium rising to 15 points.
3. BankNifty was once more than 100 points up and went into negative territory.
4. UNITECH soars 17% to close at 37.8.

Stock ideas update

RENUKA closed flat at 30.4 and maintains its overweight status.
http://nifty-multibagger-stocks.tracknifty.com/2014/01/multibagger-call-buy-renuka-19-january.html

Trade update

Today we exited our hedged options idea with 178% profit.
http://nifty-trade.tracknifty.com/2014/06/nse-nifty-june-2014-series-trade-2.html

And we took a long position for some 40-50 points profit.
http://nifty-trade.tracknifty.com/2014/06/nifty-fut-june-2014-series-trade-10-9.html

Nifty forecast/view for 10 JUNE 2014

A dip is very much likely tomorrow. Sell short blindly at market open for first session gains.

Advice for traders


Avoid longs at market open but wait for a dip towards 7632 - 7618 to take long position for intra-day trading.

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