NSE Nifty at New Life High on April 9, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6725 and low 6650. After making an intraday range of 75 points, the Share Bazaar closed up 1 point at 6695. On the last trading day, European indices were down. FTSE was down 32 points, CAC was down 11 point, and DAX was down 20 points. US markets were up. Dow Jones closed up 10 points, S&P 500 was up 7 points, and Nasdaq was up by 33 points.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 704 crores in cash segment while DIIs sold Rs. 1081 crores in cash. FIIs purchased Rs. 98 crores in Index futures and FIIs sold Rs. 406 crores in index options. In stock futures FIIs sold Rs. 444 crores and in stock options FIIs sold Rs. 7 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 6900 call sheds 10 lac shares. Nifty 6500 put adds 7.2 lac shares. Maximum 39 lac shares are outstanding at 6900 call and 62.2 lac shares at 6400 put. According to options data, bulls have upper hand on bears.

Currency Market:
In the currency market the USDINR closed at 60.11. The INR was weak by 0.03 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is down 206 points, Hang Seng is up 128 points, Taiwan is up by 34 points, and Kospi is up by 2 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 23 points positive till 6:52 a.m. So we can expect a positive opening.

Positional Short: Nifty Future short sold at 6760 on April 3, 2014, with a stop loss of 6810. 

Today Nifty opened at 6722 up 27 points and made an intra-day high of 6733 and low of 6710 till 11:15 a.m. Today market should come down by evening. 

Mid-day Review:
For the intraday, till 12:15 p.m. Nifty is up about 17 points. Top gainers for Nifty are SUNPHARMA, HINDALCO, and BANKBARODA while losers are TECHM, TCS, and HCLTECH. Here you can find more detail on gainers and losers. Dow future is up by 15 points and Euro zone futures are also up about 15 to 22 points. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 6700 call adds 2.4 lac shares and 6800 calls also add more than 5 lac shares. Nifty 6700 put adds 11.5 lac shares. Intraday data of options tells that, highest OI is at 6700 put and 6800 call. Full detail of Nifty options can be viewed here

Today's Intraday Calls:

  • Sold NIFTY Future 6760 S L 6780 target 6720
  • S L hit in NIFTY Future

Concluding Updates:
Nifty has made a new life high of 6808 and low of 6705 till 3:28 p.m. Intraday options data tells that, Nifty 6800 call adds 10.5 lac shares. Nifty 6800 put adds 3 lac shares. Highest OI is at 6800 call at 40.5 lac shares and 6700 put at 62 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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