TrackNifty
 
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Monday, 7 July 2014

Nifty analysis for 7 July 2014 and Nifty view forecast for 8 July 2014 - 7 July 2014

JULY 2014NIFTY FUTURE
(points)
OPTIONS
(%)
COMMODITIES*
(%)
STOCKS
(%)
BOOKED
Free132
Paid176
Free38.3
Paid162
Free-0.71
Paid
Free6.4
Paid
RUNNING
Free
Paid
Free
Paid-7
Free
Paid-2.5
* Commodity profits are converted to their NG equivalents.

Nifty analysis for 7 JULY 2014



Nifty after many ups and downs finally closed at 7787.15 up 35 points after making high of 7792. In the morning we tweeted about today's possible action : 


This we were able to predict using our time and neural network analysis tools.

BankNifty fell the most by -188 points followed by PSU Banks which fell by -0.87%. IT and PHARMA kept the market floating higher. With support coming from IT, BankNifty decided to stay away. 

YesBank fell 2% but rest other stocks like LT, BHEL, DLF, NTPC closed flat to positive.

IDFC zoomed 6% along with INFY and TCS which both zoomed around 2% each.

OMCs ( Reliance, Ongc, IOC )  fell and closed flattish negative. 



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

FII : DII turnover says it all. Market caught in jinx of bullish and bearishness. Some stocks rising sharply like IDFC, INFY, TATAMOTORS while others deciding to go for southward direction like ONGC, IOC, RELIANCE, YESBANK. 


FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII7-July-20145720.055521.48198.57
DII7-July-20141935.42020.62-85.22

In derivative segment FIIs sold index futures and bought stock futures. Now they have both short and long positions in stock futures as OI is continuously increasing. Last trading day they added shorts and today they added longs.


Nifty future premium fell sharply from 30 points to mere 11 points with negligible OI addition of 0.58% indicating sharp long liquidation at 7800 levels.


JULY 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -884.89
INDEX OPTIONS 1038.88
STOCK FUTURES -1508.35
STOCK OPTIONS 5.97

FII DERIVATIVES STATISTICS FOR 07-Jul-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 28102 1094.08 49938 1944.68 310703 12093.13
INDEX OPTIONS 139234 5418.52 159709 6270.48 1394479 54249.58
STOCK FUTURES 102907 3835.48 96298 3613.25 1558901 59282.17
STOCK OPTIONS 31266 1187.12 31519 1194.18 87199 3343.46

Highlight of the day

VIX rose sharply by 6.90% to close at 19.4075 with market rising to 7800 and Budget event due on 10th July 2014.

IT index zoomed 2.6% and Bank-Nifty went in opposite direction falling over 1%.

Stock ideas update


RENUKA closed 2.6% higher at 27.55 and sideways action continues in it. A good support exists at 26 - 25.5, if it falls upto there it will move sharply from there.

BHEL makes high of 266 and we are closing our position in it with handsome profit of 10%.

Trade update

No new free trades were taken. 
Paid clients exited all long positions in Nifty near 7800 with booked profit rising to above 21K.
We took fresh Nifty position and continue to hold our position in stocks and stock options.

Nifty forecast for 8 JULY 2014



We sent above information for 7 July 2014 and it was spot on.

Fresh forecast is sent to clients by email.

Advice for traders

Fresh forecast is sent to clients by email.

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