NSE Nifty at New Life High on April 25, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 41 points. The Share Bazaar closed 25 points positive at 6840, after making an intraday high and low of 6861 and 6820 respectively. Yesterday, European indices were up. FTSE was up 28 points, CAC was up 28 point, and DAX was up 4 points. US markets were up. Dow Jones closed unchanged, S&P 500 was up 3 points, and Nasdaq was up by 21 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 768 crores in cash segment whereas DIIs sold Rs. 534 crores in cash. FIIs purchased Rs. 1710 crores in Index futures and FIIs bought Rs. 1284 crores in index options. In stock futures FIIs sold Rs. 953 crores and in stock options FIIs bought Rs. 104 crores. This is the provisional data from NSE. Here you can view final data from SEBI. 

Options Segment Activity:
In f&o market, May series options data tells that, Nifty 6900 call adds 6.2 lac shares. Nifty 6800 put adds 4.7 lac shares. Highest OI of 25.6 lac shares is at 7000 call and 24 lac shares is at 6000 put. According to options data, bulls and bears are building positions for May series.
Currency Market:
In the currency market the USDINR closed at 61.07. The INR was weak by 0.31 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is up 100 points, Hang Seng is down 166 points, and Kospi is down by 10 point. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 27 points negative till 7:48 a.m. So we can expect a flat opening.

Today Nifty opened at 6855 up 15 points and made an new life high of 6869 and low of 6818 till 10:58 a.m. Today market should remain volatile in 50 points.  

Mid-day Review:
For the intraday, till 1:22 p.m. Nifty is down about 50 points. Top gainers for Nifty are M&M, DRREDDY, and DLF while losers are CAIRN, AMBUJACEM, and ULTRACEMCO. Here you can find more detail on gainers and losers. Dow future is down by 35 points and Euro zone futures are also down about 2 to 50 points. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 6800 call adds 2.9 lac shares. Nifty 6800 put adds 4.6 lac shares. Intraday data of options tells that, highest OI is at 6000 put and 7000 call. Full detail of Nifty options can be viewed here  

Today's Intraday Calls:

  • Sold BANKNIFTY Future 13110 S L 13160 target 13010
  • Bought BANKNIFTY Future 13130

Concluding Updates:
Nifty has made an intraday high of 6869 and low of 6772 till 3:02 p.m. Intraday options data tells that, Nifty 6800 call adds 3.3 lac shares. Nifty 6800 put adds 5 lac shares. Highest OI is at 7000 call at 28.7 lac shares and 6000 put at 27 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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