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Monday, 20 October 2014

Nifty analysis for 20 october 2014 and Nifty forecast for 21 october 2014 - oct 2014 series - 20 oct 2014

Cash market interpretation

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

Derivative market interpretation(fii only)


INDEX FUTURE
STOCK FUTURE
5 DAY (13 oct - 20 oct)
 Bullish Bullish
3 DAY (16 oct - 20 oct)
 Bullish Bullish
1 DAY (20 oct)
 Bullish Bearish
CONCLUSION
 Bullish Bullish

Nifty future interpretation

Nifty future : Short
BankNifty future : Short

Nifty range ( based on F&O )

7800 - 7925

Chart interpretation

Bullish

Nifty forecast for 21 Oct 2014

Nifty likely to trade weak.

Advice for traders

1. Try to sell any higher levels towards 7925 with 50 point stop loss.

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