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Thursday, 7 August 2014

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

Hi,

In our yesterday's analysis we mentioned about sell on rise trend in Nifty and today Nifty did exactly that. The 120 points fall which we were anticipating was finished today with Nifty making a low of -40 points.

Cash market interpretation

ADV:DEC ratio pointed towards decline but it was not much sharp.


Advance589Decline945Unchanged76


Cash market turnover declined marginally, so it was again a down day without much conviction. We mentioned in our several last reports that Aug will see markets correcting but will keep traders guessing with wild up/down days.


Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
732413,735.24


FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII7-August-20142714.142787.81-73.07
DII7-August-20141290.11061.11228.99

FII : DII turnover was weak bullish again.


Derivative data interpretation ( FII only )

Nifty future premium : 20, OI : 1,30,92,300 (-4.65%), Indication: directionless

Daily Index and Stock futures trend



5 DAY (1 - 7 AUG 2014)
INDEX FUTURE
-654.83CR
17333SELL
STOCK FUTURE
857.02
-4457UP

3 DAY (5 - 7 AUG 2014)
INDEX FUTURE-742.99CR5615SELL
STOCK FUTURE19.80-7676DIRECTIONLESS


1 DAY (7 AUG 2014)
INDEX FUTURE-419.32CR-20225DIRECTIONLESS
STOCK FUTURE210.38-3964UP

AUG 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -1800.56
INDEX OPTIONS 4594.86
STOCK FUTURES 1375.76
STOCK OPTIONS 285.76


FII DERIVATIVES STATISTICS FOR 07-Aug-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
42834
1645.67
53819
2064.98
265064
10141.58
INDEX 
OPTIONS
411335
15743.34
397310
15239.14
1320649
50475.29
STOCK FUTURES
59258
2213.39
52370
2003.00
1369944
48977.85
STOCK OPTIONS
48805
1821.18
49789
1851.74
61928
2223.01


FII derivative data is now showing sell nature in index futures and buying trend in stock futures. Now, there is clear divergence in both these data. Market now is giving mixed signal again. There should be stock specific bullishness, but index should remain sell on rise.

Nifty forecast for 8 AUG 2014

Contrary to many, we are expecting a super clean bullish day.

Advice for traders

1. Focus on buying only. 

2. Buying area is above 7680 only.
3. Clear cut targets are given to paid clients. These stop loss / targets are based on future value and can be put directly into the system.

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