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Sunday, 3 August 2014

Nifty analysis for 1 Aug 2014 and Nifty view forecast for 4 Aug 2014 - 1 Aug 2014

Hi,

Markets opened gap down following global cues and slowly recovered completely and then fell again making new low and closing well below it at 7602. European markets opened with gap down tanked in no time creating panic in asian markets. Message is loud and clear : Markets will undergo correction in August but it won't be easy to trade them, as it won't be clear one sided correction but a mixed bag of bullish and bearishness. 

Cash market interpretation

ADV:DEC ratio was clear one sided towards decline.

Advance503Decline1032Unchanged60

Cash market turnover declined by over 18%, so it was low volume selling day without conviction.

Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
9611.7718,734.10

FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII1-August-20144694.495767.45-1072.96
DII1-August-20142441.261366.561074.70

Derivative data interpretation ( FII only )

Nifty future premium : 20

Daily Index and Stock futures trend

1 DAY (1 AUG 2014)
INDEX FUTURE-1145.73CRBEARISH
STOCK FUTURE518.74CRBULLISH

AUG 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1145.73
INDEX OPTIONS 3050.18
STOCK FUTURES 518.74
STOCK OPTIONS 143.03

FII DERIVATIVES STATISTICS FOR 1-AUG-2014
BUYSELLOPEN INTEREST AT THE END OF THE DAY
No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores
INDEX FUTURES636572442.23936353587.962477319437.77
INDEX OPTIONS
431009
16453.2135032713403.04121441346158.49
STOCK FUTURES
92996
3386.91779462868.16137440148837.51
STOCK OPTIONS564982013.32524301870.29364541265.40

FII derivative data is clearly showing bearish in index futures and bullishness in stock futures. So, there is clear divergence in both these data. So, lack of direction is very much likely tomorrow. So, again mixed trend is likely tomorrow and range should be good for traders.

Nifty forecast for 4 AUG 2014

Nifty should trade both sides ie; it should be range-bound with wild swings. A flat closing is expected.

Advice for traders

1. 7770 very big resistance.
2. Try to sell near it with 20 points  stop loss. 
3. Targets for paid clients.

Note : New series is starting, and as always we make great money in the start of the series. So, don't waste time and join fast.

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