TrackNifty
 
Free Nifty F&O calls for full one year

Friday, 8 August 2014

Nifty analysis for 8 Aug 2014 and Nifty view forecast for 9 Aug 2014 - 8 Aug 2014

Hi,

Nifty closed 80 points down at 7568. In yesterday's report we mentioned about super clean day. But due to US news about IRAQ, markets tumbled which was unexpected. This sudden unexpectedness was reflected in VIX which rose 3%. But apart from a sharp gap down and weak closing, markets for us remained strong entire day. HANGSENG, SHANGHAI to our surprise went to hit positive territory despite such pressure.

Our calculation was +80 closing for today(8th Aug), but due to bad news, it went down(-80), so Nifty should rise 80+80 = 160 points from here on next week.

Cash market interpretation

ADV:DEC ratio was clearly bearish.

Advance324Decline1236Unchanged45

Cash market turnover
Traded Volume (shares in lakh)Traded Value (Rs crores)
728613,807.42

FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII8-August-20142754.393258.13-503.74
DII8-August-20141560.601104.58456.02

FII : DII turnover was strong, contrary to many. Nifty opened gap-down, but there was hardly any selling. This is evident from the fact that total cash turnover increased by mere 1% and number of trades too showed hardly any improvement.

Derivative data interpretation ( FII only )

Nifty future premium : 23, OI : 1,22,03,000 (-6.79%), Indication: directionless

Daily Index and Stock futures trend


5 DAY (4 - 8 AUG 2014)
INDEX FUTURE
-3009.58CR
-10450DIRECTIONLESS
STOCK FUTURE
-999.06CR
-5332DIRECTIONLESS

3 DAY (6 - 8 AUG 2014)
INDEX FUTURE-2396.39CR-37146DIRECTIONLESS
STOCK FUTURE-79.42CR-4218DIRECTIONLESS

1 DAY (8 AUG 2014)
INDEX FUTURE-2300.75CR-16921DIRECTIONLESS
STOCK FUTURE-480.38CR-254DIRECTIONLESS

AUG 2014 SERIES TURNOVER ( Cr )
INDEX FUTURES -4520.62
INDEX OPTIONS 6090.56
STOCK FUTURES 1105.77
STOCK OPTIONS 192.07

FII DERIVATIVES STATISTICS FOR 08-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
32721
1234.51
104730
3954.58
248143
9383.26
INDEX 
OPTIONS
442095
16676.12
399523
15180.42
1367001
51688.70
STOCK FUTURES
56337
2036.12
62059
2306.12
1369690
48013.32
STOCK OPTIONS
71216
2531.47
73803
2625.16
64607
2299.38

FII derivative data is now totally direction-less, so market is expected to give confusing signals. We mentioned this right at the start of the series in our first report. Best would be to focus on intraday trading only for this entire series.

Nifty forecast for 11 AUG 2014

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

Advice for traders

1. Focus on buying only. 

2. Buying area is above 7580 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