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Wednesday, 20 August 2014

Nifty analysis for 20 Aug 2014 and Nifty view forecast for 21 Aug 2014 - 20 Aug 2014

Hi,

Nifty closed -22 points down at 7875.30. Entire day it trade sideways with bearish bias. 

This was what was tweeted at 9:17AM.
https://twitter.com/TrackNifty/

Daily at 9:17AM we present an overall situation of Nifty.

Cash market interpretation


ADV : DEC
Fair Bullish
TURNOVER
Weak Bearish
FII:DII
Bearish
CONCLUSION
Neutral

Derivative market interpretation ( fii only )


Nifty future interpretation : Bullish
BankNifty future interpretation : Bullish



INDEX FUTURE
STOCK FUTURE
5 DAY ( 13 – 20 aug )
 Bullish Bullish
3 DAY ( 18 – 20 aug )
 Neutral Neutral
1 DAY ( 19 - 20 aug )
 Neutral Neutral
CONCLUSION
 Bullish Bullish

Chart interpretation

Weak Bullish

Nifty forecast for 21 Aug 2014

Nifty likely to trade sideways with bearish bias, as it did today.

Advice for traders

1. Buy any dip towards 7842.


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