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Thursday, 14 August 2014

Nifty analysis for 14 Aug 2014 and Nifty view forecast for 18 Aug 2014 - 14 Aug 2014

Hi,

Nifty kept trading sideways for more than half of the day and then tried to move up in line with our last forecast. Market breadth was good and stocks tried hard to recoup their losses registered yesterday. Nifty closed just short of 7800 at 7791. We have completed one time band successfully and from 18th Aug, we will enter another time band which is bearish in nature. But data and charts are favoring bulls albeit with weak buildup and weak turnover, so coming time will be very interesting and markets are expected to give sharp move either way making trading interesting.

Cash market interpretation

ADV : DEC
Bullish
TURNOVER
Weak Bullish
FII:DII
Bullish
CONCLUSION
Bullish

Derivative market interpretation


Nifty future interpretation : Directionless
BankNifty future interpretation : Directionless


INDEX FUTURE
STOCK FUTURE
5 DAY ( 8 – 14 aug )
 Directionless Bullish
3 DAY ( 12 – 14 aug )
 Bullish Bullish
1 DAY ( 13- 14 aug )
 Weak Bullish Directionless
CONCLUSION
 Bullish Bullish

Chart interpretation

Weak Bullish

Nifty forecast for 18 Aug 2014

Nifty likely to trade with bullish bias whole day.

Advice for traders

1. Sell any gap up blindly with 30 points stop loss.
2. Buy any dip towards 7760.


Note : Paid clients get stop loss and targets based on future levels.

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