Stock recommendations (equity)

Yagnesh07

Well-Known Member
Nifty Analysis & FII Data Analysis for 15 July 2014

FIIs bought 13457 contracts of Index Future (bought 4994 long contracts and 8463 short contracts were squared off) with net OI decreasing by 3469 contracts. FIIs were net buyers today.

FII covered some short contracts and nifty today consolidating whole time. Nifty trading at swing low and volume not support today’s fall & also nifty made a hammer candlestick pattern today which shows a bullish signal.

Nifty retraced 61.8% of up swing 7118 to 7808 and trading at support levels around 7460 now 78.8% level comes at 7380 which act as a strong support.

If nifty will not break support at 7460 – 7380 then possible bounce in nifty till 7600 – 7640 odd levels can’t be rules out.
 

Yagnesh07

Well-Known Member
Nifty Analysis & FII Data Analysis for 16 July 2014

FIIs bought 1794 contracts of Index Future (bought 8503 long contracts and 6709 short contracts were added) with net OI increasing by 15212 contracts. FIIs were net buyers today.

FII added some short contracts and also bought some long contracts. As discussed in last report nifty bounced from swing low. This momentum will continue in coming days.

Nifty has support at 7505 – 7460 & resistance at 7570 – 7600 (spot).
 

Yagnesh07

Well-Known Member
Nifty Analysis & FII Data Analysis for 18 July 2014

FIIs bought 13636 contracts of Index Future (bought 6553 long contracts and 7083 short contracts were squared off) with net OI decreasing by 530 contracts. FIIs were net buyers today.

Slowly FII started buying and also covered some short contracts which are a good positive sign. Nifty unable to cross resistance of 7660 as suggested in last write up and made high of 7655.65 If once nifty cross this level then upside 7700 – 7740 levels are on cards.

Nifty has able to close and sustain above 7585 resistance level which will act as a strong support in nifty now. There will be a big move expected in coming days.

Tomorrow is a weekly closing and bulls are trying to close above 7700 and bears will try to close below 7590.
 

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