NSE Nifty on May 5, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6737 and low 6689. After making an intraday range of 48 points, the Share Bazaar closed down 2 points at 6694. On the last trading day, European indices were mix. FTSE was up 14 points, CAC was down 29 point, and DAX was down 47 points. US markets were down. Dow Jones closed down 46 points, S&P 500 was down 3 points, and Nasdaq was down by 4 point.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 387 crores in cash segment while DIIs sold Rs. 406 crores in cash. FIIs sold Rs. 243 crores in Index futures and FIIs purchased Rs. 1016 crores in index options. In stock futures FIIs sold Rs. 39 crores and in stock options FIIs bought Rs. 13 crore. 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 6800 call adds 2.8 lac shares. Nifty 6800 put adds 1.8 lac shares. Maximum 40 lac shares are outstanding at 7000 call and 41 lac shares at 6500 put. According to options data, bulls/bears activity is heavily concentrated at lower strike puts of 6500-6400-6200 levels.

Currency Market:
In the currency market the USDINR closed at 60.16. The INR was strong by 0.15 paisa.

Beginning of the Day:
Today morning, Asian markets are trading negative. Nikkei is closed, Hang Seng is down 334 points, Taiwan is down by 8 points, and Kospi is closed. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 12 points positive till 7:50 a.m. So we can expect a weak opening. 

Today Nifty opened at 6681 down 13 points and made an intra-day high of 6732 and low of 6680 till 10:35 a.m. The market is getting more and more volatile.

Today's Intraday Calls:

  • Sold BANKNIFTY Future 13040 S L 13090 target 12940
  • Bought BANKNIFTY Future 12960

Mid-day Review:
For the intraday, till 12:32 p.m. Nifty is up about 24 points. Top gainers for Nifty are HINDALCO, JINDALSTEL, and ONGC while losers are HCLTECH, NMDC, and WIPRO. Here you can find more detail on gainers and losers. Dow future is down by 8 points and Euro zone futures are also down about 3 to 12 points. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 6800 call adds 1.4 lac shares. Nifty 6700 put adds 2.8 lac shares. Intraday data of options tells that, highest OI is at 6500 put and 7000 call. Full detail of Nifty options can be viewed here

Concluding Updates:
Nifty has made an intraday high of 6741 and low of 6680 till 3:07 p.m. Intraday options data tells that, Nifty 6700 call adds 2.4 lac shares. Nifty 6700 put adds 4.4 lac shares. Highest OI is at 7000 call at 41.4 lac shares and 6500 put at 41 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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