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Tuesday, 7 October 2014

Nifty analysis for 7 Oct 2014, Nifty forecast for 8 Oct 2014 - October 2014 series - 7 Oct 2014


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

Derivative market interpretation(fii only)



INDEX FUTURE
STOCK FUTURE
5 DAY ( 26 sep )
 Bullish Neutral
3 DAY ( 30 sep - 7 oct )
 Bullish Bullish
1 DAY ( 7 oct )
 Bullish Neutral
CONCLUSION
 Bullish Bullish

Nifty future interpretation

Nifty future : Long
BankNifty future : Long

Nifty range ( based on F&O )

7800 - 7950

Chart interpretation

Neutral

Nifty forecast for 8 Sep 2014

Nifty likely to trade sideways for most of the time trying to find direction.

Advice for traders

1. If market remains in red and sideways for most of the time, then sell.


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