NSE Nifty on April 4, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6776 and low 6697. After making an intraday range of 79 points, the Share Bazaar closed down 16 points at 6736. On the last trading day, European indices were mix. FTSE was down 10 points, CAC was up 18 point, and DAX was up 5 points. US markets were down. Dow Jones closed down 0.45 points, S&P 500 was down 2 points, and Nasdaq was down by 39 points.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 717 crores in cash segment while DIIs sold Rs. 717 crores in cash. FIIs sold Rs. 123 crores in Index futures and FIIs bought Rs. 100 crores in index options. In stock futures FIIs sold Rs. 125 crores and in stock options FIIs bought Rs. 23 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 adds 14.2 lac shares. Nifty 6600 put adds 8.4 lac shares. Maximum 43.8 lac shares are outstanding at 6900 call and 57.3 lac shares at 6600 put. According to options data, bulls are unable to cross Nifty 6800 levels.

Currency Market:
In the currency market the USDINR closed at 60.16. The INR was weak by 0.26 paisa.

Beginning of the Day:
Today morning, Asian markets are trading flat to negative. Nikkei is down 37 points, Hang Seng is down 90 points, and Kospi is down by 2 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 23 points negative till 7:09 a.m. So we can expect a flat opening.

Positional Short: Nifty Future short sold at 6760 with a stop loss of 6810.

Today Nifty opened at 6741 up 5 points and made an intra-day high of 6741 and low of 6696 till 10:44 a.m. Today market should break yesterday's low. 

Mid-day Review:
For the intraday, till 12:05 p.m. Nifty is down about 24 points. Top gainers for Nifty are PNB, DLF, and BPCL while losers are BHEL, GAIL, and ASIANPAINT. Here you can find more detail on gainers and losers. Dow future is up by 14 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 6700 call adds 2.7 lac shares. Nifty 6700 put adds 3.5 lac shares. Intraday data of options tells that, highest OI is at 6600 put and 6900 call. Full detail of Nifty options can be viewed here.

Today's Intraday Calls:

  • Sold BANKNIFTY Future 12710 S L 12760 target 12610
  • Bought BANKNIFTY Future 12610
  • Sold NIFTY Future 6752 S L 6765 target 6732
  • Bought NIFTY Future 6745

Concluding Updates:
Nifty has made an intraday high of 6741 and low of 6685 till 3:14 p.m. Intraday options data tells that, Nifty 6700 call adds 2.6 lac shares. Nifty 6700 put adds 1.7 lac shares. Highest OI is at 6900 call at 51 lac shares and 6600 put at 59 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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