NSE Nifty at All-Time High on April 3, 2014



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Intraday Calls



Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 40 points. The Share Bazaar closed 31 points positive at 6752, after making an intraday high and low of 6763 and 6723 respectively. Yesterday, European indices were up. FTSE was up 6 points, CAC was up 4 points, and DAX was up 20 points. US markets were up. Dow Jones closed up 40 points, S&P 500 was up 5 points, and Nasdaq was up by 8 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 595 crores in cash segment while DIIs sold Rs. 472 crores in cash. FIIs purchased Rs. 225 crores in Index futures and FIIs bought Rs. 731 crores in index options. In stock futures FIIs purchased Rs. 407 crores and in stock options FIIs bought Rs. 11 crores. This is the provisional data from NSE. Here you can view final data from SEBI. 

Options Segment Activity:
In f&o market, April series options data tells that, Nifty 6800 call adds 2.1 lac shares. Nifty 6700 put adds 13.5 lac shares. Highest OI of 31.8 lac shares is at 6800 call and 50 lac shares is at 6600 put. According to options data, bulls have upper hand on bears.
  
Currency Market:
In the currency market the USDINR closed at 59.90. The INR was strong by 0.01 paisa.

Beginning of the Day:
Today morning, Asian markets are trading positive. Nikkei is up 120 points, Hang Seng is up 166 points, Taiwan is down by 1 point, and Kospi is up by 7 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 23 points positive at new life highs till 7:04 a.m. So we can expect a positive opening. 

Today Nifty opened at 6772 (at new life high) up 20 points and made a record high of 6776 and low of 6727 till 10:44 a.m. Today should be another day of consolidation at the higher levels before the starting of down move.  

Mid-day Review:
Nifty is at 6715 down 37 points. Nifty made an intraday high of 6776 and low of 6711 till 12:02 p.m. Top gainers for Nifty are  JINDALSTEL, NMDC, and ASIANPAINT whereas losers are BHEL, INDUSINDBK, and ONGC. Here you can find more detail on gainers and losers. Dow future is up by 4 points and Euro zone futures are flat. Here you can find full detail on world market futures

Intraday Options Data:
On the options front, Nifty 6800 call adds 2.8 lac shares. Nifty 6700 put adds 4.1 lac shares. According to intraday data of options, Nifty 6600 put and 6900 call have the highest OI. Full detail of Nifty options can be viewed here.   


Today's Intraday Calls:


  • Bought BANKNIFTY Future 12665 S L 12630 target 12740
  • Sold BANKNIFTY Future 12680
  • Sold NIFTY Future 6760 S L 6810 Positional

Concluding Updates:
Nifty has made an intraday high of 6772 and low of 6696 till 2:53 p.m. Intraday options data tells that, Nifty 6800 call adds 4.8 lac shares. Nifty 6600 put adds 11 lac shares. Highest OI is at 6900 call at 44 lac shares and 6600 put at 60 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none. Nifty Future is short sold at 6760 with a stop loss of 6810. I will hold this position for some days.   





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