NSE Nifty on May 6, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 61 points. The Share Bazaar closed 5 points positive at 6699, after making an intraday high and low of 6741 and 6680 respectively. Yesterday, European indices were mix. FTSE was closed, CAC was up 5 point, and DAX was down 27 points. US markets were up. Dow Jones closed up 18 points, S&P 500 was up 4 points, and Nasdaq was up by 14 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 280 crores in cash segment whereas DIIs sold Rs. 225 crores in cash. FIIs purchased Rs. 86 crores in Index futures and FIIs sold Rs. 818 crores in index options. In stock futures FIIs sold Rs. 229 crores and in stock options FIIs sold Rs. 6 crores. 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 6700 call adds 1.2 lac shares. Nifty 6700 put adds 3.3 lac shares. Highest OI of 40.8 lac shares is at 7000 call and 41 lac shares is at 6500 put. According to options data, bulls and bears are building positions for election results.
Currency Market:
In the currency market the USDINR closed at 60.21. The INR was weak by 0.05 paisa.

Beginning of the Day:
Today morning, Asian markets are mostly closed. Taiwan is up by 22 points and Shanghai is up by 3 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 23 points positive till 7:43 a.m. So we can expect a positive opening.

Today Nifty opened at 6719 up 20 points and made an intraday high of 6743 and low of 6719 till 10:20 a.m. Today market should see some profit booking.

Today's Intraday Calls:

  • Bought ICICIBANK Future 1281 S L 1276 target 1291
  • Sold ICICIBANK Future 1279

Mid-day Review:
Nifty is at 6712 up 14 points. Nifty made an intraday high of 6743 and low of 6709 till 12:42 p.m. Top gainers for Nifty are ICICIBANK, ONGC, and DLF whereas losers are BHARTIARTL, TECHM, and HINALCO. Here you can find more detail on gainers and losers. Dow future is up by 34 points and Euro zone futures are up by about 5 to 36 points. Here you can find full detail on world market futures

Intraday Options Data:
On the options front, Nifty 6800 call sheds 1.6 lac shares. Nifty 6700 put adds 1.5 lac shares. According to intraday data of options, Nifty 6500 put and 7000 call have the highest OI. Full detail of Nifty options can be viewed here.   

Concluding Updates:
Nifty has made an intraday high of 6743 and low of 6701 till 3:05 p.m. Intraday options data tells that, Nifty 6900 call adds 1.6 lac shares. Nifty 6500 put adds 2.3 lac shares. Highest OI is at 7000 call at 40.4 lac shares and 6500 put at 41.5 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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