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Wednesday, 2 July 2014

Nifty analysis for 2 July 2014 and Nifty view forecast for 3 July 2014 - 2 July 2014

  JULY 2014NIFTY FUTURE
(points : Rs)
OPTIONS
(% : Rs)
COMMODITIES*
(% : Rs)
STOCKS
(% : Rs)
BOOKED
Free82 : 4100/-
Paid80 : 4000/-
Free38.3 : 4600/-
Paid75.0 : 7955/-
Free-0.71 : -2375/-
Paid-0.71 : -2375/-
Free
Paid
RUNNING
Free25 : 1250/-
Paid28 : 1400/-
Free
Paid0.8 : 522/-
Free
Paid
Free
Paid
* Commodity profits are converted to their NG equivalents.

Paid clients have booked profit of 11955/- so far in just 3 days.

Nifty analysis for 2 JULY 2014


Nifty recovered from initial pressure and finally closed 90 points higher above 7700 on the back of all round buying. It opened above 7680 and after testing it successfully in first 30 minutes kept moving higher and higher very slowly. We expected pullback after gap up which didn't come but pressure was clearly visible as markets didn't go anywhere for first 30 minutes. This is power of our swing trading setups.


SLLT and NTPC were star performer of the day with each registering gains of 4.64% and 3.23% respectively. LT, BHEL, YESBANK, HINDALCO all performed well today. 

948 stocks advanced, and 535 stocks declined.

BankNifty contributed 169 points , IT mere 4 points and Metals 65 points.

Today was well balanced bullish day with each sector contributing to the gains which is a good sign for tomorrow. 

FII : DII turnover was clearly onesided with FIIs absorbed all the selling pressure applied by DIIs and managed to bring Nifty higher.

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 2-July-2014 4805.753515.081290.68
DII 2-July-2014 1471.881879.59-407.10

In derivative segment too FII showed tremendous enthusiasm and bought index futures worth 560Cr and stock futures worth 76 Cr. 


Nifty futures added 914900(6.73%) shares in OI bringing the OI for this series to the highest value of 14518650. Nifty future OI has increased in line with the spot levels, both are at their highest levels for this series which is again an encouraging sign. Nifty premium remains stagnant though at 24 points.


JULY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES 179.19
INDEX OPTIONS 2309.42
STOCK FUTURES -297.54
STOCK OPTIONS 12.76


FII DERIVATIVES STATISTICS FOR 2-JULY-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
53142
2056.99
38657
1496.01
317595
12315.47
INDEX OPTIONS
178669
6890.73
163120
6268.16
1268594
49007.22
STOCK FUTURES
84348
3231.82
83718
3155.68
1484988
56874.09
STOCK OPTIONS
28902
1126.64
29202
1145.51
66873
2570.90

Stock ideas update

RENUKA(27.7) closed below 28 and is now in short term bearish zone, a close above 28 is needed for next up move. 

BHEL (259.4) is moving as expected and according to its bullish wave structure towards 275.

Trade update

Today we took sell position for free trade which stopped out with -18 points loss.
And then we took long position for 50 points gain which is under running profit of 25 points.

Free client have so far made 8700/- so far in just 3 days in F&O segment.
Paid clients have booked profit of 11955/- so far in just 3 days in F&O segment.

Nifty forecast for 3 JULY 2014

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Advice for traders

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