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Tuesday, 12 August 2014

Nifty analysis for 12 Aug 2014 and Nifty view forecast for 13 Aug 2014 - 12 Aug 2014

Hi,

In our last report http://blog.tracknifty.com/2014/08/nifty-analysis-for-8-aug-2014-and-nifty.html we mentioned about 160 points target in Nifty and today Nifty achieves this target. Yesterday it rose 57 points and today more than 100 points. Nifty is now nearing its resistance area and it will be interesting to see how data comes out.

Cash market interpretation


ADV : DEC
Fairly bullish
TURNOVER
Fairly bullish
FII:DII
Fairly bullish
CONCLUSION
Fairly bullish

Derivative market interpretation





INDEX FUTURE
STOCK FUTURE
5 DAY ( 6 – 12 aug )
 Direction less  Bullish
3 DAY ( 8 – 12 aug )
 Direction less  Bullish
1 DAY ( 11- 12 aug )
 Direction less  Direction less
CONCLUSION
 Direction less  Bullish

Nifty forecast for 13 Aug 2014

Nifty likely to trade sideways.

Advice for traders

1. Sell any gap up blindly with 30 points stop loss.
2. Buy any dip towards 7700 - 7680.

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