NSE Nifty at New Life Time High on April 23, 2014

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Intraday Calls


Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6838 and low 6806. After making an intraday range of 32 points, the Share Bazaar closed down 2 points at 6815. On the last trading day, European indices were up. FTSE was up 57 points, CAC was up 52 point, and DAX was up 190 points. US markets were up. Dow Jones closed up 65 points, S&P 500 was up 8 points, and Nasdaq was up by 40 point.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 163 crores in cash segment while DIIs sold Rs. 298 crores in cash. FIIs purchased Rs. 923 crores in Index futures and FIIs purchased Rs. 490 crores in index options. In stock futures FIIs sold Rs. 418 crores and in stock options FIIs bought Rs. 32 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 6850 call adds 9.4 lac shares. Nifty 6850 put adds 6.2 lac shares. Maximum 54 lac shares are outstanding at 6900 call and 63.8 lac shares at 6600 put. According to options data, bulls and bears activity is concentrating near 6800-6850 and it should be range of expiry.

Currency Market:
In the currency market the USDINR closed at 60.79. The INR was weak by 0.18 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is up 83 points, Hang Seng is down 67 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 3 points negative till 7:56 a.m. So we can expect a flat opening.

Today Nifty opened at 6823 up 8 points and made a new all time high of 6861 and low of 6820 till 11:19 a.m. Today is the expiry of April f&o series. So we can expect volatility.  


Mid-day Review:
For the intraday, till 1:03 p.m. Nifty is up about 30 points. Top gainers for Nifty are BANKBARODA, LT, and PNB while losers are CAIRN, DLF, and ASIANPAINT. Here you can find more detail on gainers and losers. Dow future is up by 10 points and Euro zone futures are mix. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 6850 call adds 9.4 lac shares. Nifty 6850 put adds 18 lac shares. Intraday data of options tells that, highest OI is at 6800 put and 6900 call. Full detail of Nifty options can be viewed here


Today's Intraday Calls:


  • Bought NIFTY April 6850 PE 11 S L 3 target 24
  • Sold NIFTY April 6850 PE 20 

Concluding Updates:
Nifty has made an intraday high of 6861 and low of 6820 till 2:52 p.m. Intraday options data tells that, the expiry should be between 6825 and 6875. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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