NSE Nifty on April 16, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6813 and low 6711. After making an intraday range of 103 points, the Share Bazaar closed down 43 points at 6733. On the last trading day, European indices were down. FTSE was down 42 points, CAC was down 39 point, and DAX was down 165 points. US markets were up. Dow Jones closed up 89 points, S&P 500 was up 12 points, and Nasdaq was up by 11 points.

FII and DII Activity in Last Intraday:
Yesterday, FIIs sold Rs. 22 crores in cash segment and DIIs also sold Rs. 278 crores in cash. FIIs sold Rs. 1029 crores in Index futures and FIIs purchased Rs. 146 crores in index options. In stock futures FIIs sold Rs. 199 crores and in stock options FIIs sold Rs. 136 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 9.4 lac shares and Nifty 6700 call adds 3.3 lac shares. Nifty 6700 put sheds 3.7 lac shares. Maximum 45.6 lac shares are outstanding at 6800 call and 52.4 lac shares at 6700 put. According to options data, bears have upper hand on bulls.

Currency Market:
In the currency market the USDINR closed at 60.24. The INR was weak by 0.06 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is up 246 points, Hang Seng is up 96 points, Taiwan is down by 5 points, and Kospi is down by 3 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 9 points negative till 7:06 a.m. So we can expect a flat opening.

Today Nifty opened at 6727 down 6 points and made an intra-day high of 6748 and low of 6724 till 10:17 a.m. Today market should come down after going little higher. 

Today's Intraday Calls:

  • Sold BANKNIFTY Future 12715 S L 12770 target 12615

Mid-day Review:
Nifty is at 6729 down 3 points. Nifty made an intraday high of 6748 and low of 6724 till 12:17 p.m. Top gainers for Nifty are BANKBARODA, MARUTI, and ITC whereas losers are INFY, BHEL, and BPCL. Here you can find more detail on gainers and losers. Dow future is up by 66 points and Euro zone futures are up by about 12 to 85 points. Here you can find full detail on world market futures

Intraday Options Data:
On the options front, Nifty 6700 call adds 1.4 lac shares. Nifty 6700 put adds 6.4 lac shares. According to intraday data of options, Nifty 6700 put and 6800 call have the highest OI. Full detail of Nifty options can be viewed here.

  • Bought BANKNIFTY Future 12615
  • Sold NIFTY Future 6715 S L 6740 target 6670 (STBT) 

Concluding Updates:
Nifty has made an intraday high of 6748 and low of 6672 till 3:01 p.m. Intraday options data tells that, Nifty 6700 call adds 10.2 lac shares. Nifty 6700 put adds 1.2 lac shares. Highest OI is at 6800 call at 58.3 lac shares and 6700 put at 52.6 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is Nifty Future sold at 6715 with a stop loss of 6740 and target of 6670.

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