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Saturday, 5 July 2014

Nifty analysis for 4 July 2014 and Nifty view forecast for 7 July 2014 - 4 July 2014

JULY 2014 NIFTY FUTURE
(points)
OPTIONS
(%)
COMMODITIES*
(%)
STOCKS
(%)
BOOKED
Free 132
Paid 130
Free 38.3
Paid 75
Free -0.71
Paid
Free N/A
Paid N/A
RUNNING
Free
Paid 61
Free
Paid 116
Free
Paid
FreeN/A
PaidN/A
* Commodity profits are converted to their NG equivalents.

Nifty analysis for 4 JULY 2014


In our last forecast report we mentioned about late rally possibility if 7700 holds, and Nifty surprised every one making new series and life time high in last 60 minutes. 


Energy sector buying brought smart recovery with RELIANCE, ONGC, IOC all gaining smartly after seeing too many down days. All sectoral indices closed in green except metals and psu banks. BankNifty gained 104.50 points while IT index 35 points. 


Powergrid(2.65%) was top gainer , while SSLT(-2.17%) was top loser. LT(-0.6%), YESBANK,(-1%) BHEL(0.7%), DLF(1.2%) all remained flat trying hard to hold ground.



Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
9,965.2616,394.21

FII : DII ratio was near equal which might mean that what DII offloaded in first half was onloaded by FIIs in second half bringing recovery.


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 4-July-2014 3626.612683.42943.19
DII 4-July-2014 989.161842.26-853.1

At derivative front, fresh short positions entered into the system. Strong short covering in Nifty futures lifted premium to 30 points.


In derivative segment FIIs bought index futures bringing down the turnover of this series to mere -34Cr while they sold stock futures yet again at higher levels increasing the OI to 1535532. 



Nifty future premium increased to 30 points with decrease in OI indicating sharp short covering has happened in it.


JULY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -34.29
INDEX OPTIONS 1890.84
STOCK FUTURES -1730.58
STOCK OPTIONS 13.03


FII DERIVATIVES STATISTICS FOR 4-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
31746
1228.76
30329
1175.36
308841
12030.12
INDEX OPTIONS
206840
7917.12
209705
8058.55
1363486
52856.54
STOCK FUTURES
62885
2404.84
82868
3160.99
1535532
58658.32
STOCK OPTIONS
35423
1337.61
36238
1354.31
83112
3156.31

Gainer/Loser update



POWERGRID ( 144.2, 2.6% )
Bull powerSTRONG
Outlook for immediate gainsPOSITIVE
Can give intraday gainsYES
Can be bought at intraday lowYES


ACC ( 1450.95, -2.0% )
Bear powerFAIR
Outlook for immediate gainsPOSITIVE
Can give intraday gainsYES
Can be sold at intraday highYES

Stock ideas update

RENUKA fell 1% to close at 26.85 and remains in accumulation zone. Good support exists at 25.5. Those who doesn't have position in it can consider taking position in it.


BHEL continues its march ahead hitting 263, more upside to come in this stock. Our target remains 275. It has gained 10% since our recommendation.

http://nifty-trade.tracknifty.com/2014/06/nifty-stk-june-series-trade-13-16-june.html

Trade update

No free trades posted after our Nifty target is achieved taking our this month's profit to 132 Nifty points and 38.4% Option gains.


Next free trade will be posted after 15 days.


Nifty forecast for 7 JULY 2014

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Advice for traders

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