Stage of Euphoria in Nifty on May 12, 2014

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Intraday Calls


Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 219 points. The Share Bazaar closed 199 points positive, at new life high at 6858, after making an intraday high and low of 6871 and 6652 respectively. Yesterday, European indices were down. FTSE was down 25 points, CAC was down 30 points, and DAX was down 26 points. US markets were up. Dow Jones closed up 32 points, S&P 500 was up 3 points, and Nasdaq was up by 20 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 1269 crores in cash segment whereas DIIs sold Rs. 75 crores in cash. FIIs purchased Rs. 594 crores in Index futures and FIIs sold Rs. 1177 crores in index options. In stock futures FIIs sold Rs. 155 crores and in stock options FIIs sold Rs. 119 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 6900 call adds 7.1 lac shares and Nifty 7200 call adds 20.3 lac shares. Nifty 6800 put adds 6.9 lac shares. Highest OI of 53.6 lac shares is at 7000 call and 51.1 lac shares is at 6400 put. According to options data, bulls and bears are building positions for election results.
  
Currency Market:
In the currency market the USDINR closed at 60.04. The INR was stong by 0.02 paisa.

Beginning of the Day:
Today morning, Asian markets are trading flat. Nikkei is down 20 points, Hang Seng is down 2 points, Taiwan is down by 55 points, and Kospi is down by 4 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 18 points positive till 7:48 a.m. So we can expect a flat opening.

Today Nifty opened at 6863 up 4 points and made and intraday high of 6975 and low of 6862 till 10:42 a.m. The market is entering into a stage of euphoria. 


Mid-day Review:
For the intraday, till 12:55 p.m. Nifty is up about 117 points. Top gainers for Nifty are ULTRACEMCO, HDFCBANK, and COALINDIA while losers are SUNPHARMA, MCDOWELL-N, and WIPRO. Here you can find more detail on gainers and losers. Dow future is up by 25 points and Euro zone futures are also up about 5 to 15 points. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 7000 call adds 4.5 lac shares and Nifty 6900 calls sheds 4.6 lac shares. Nifty 7000 put adds 6.7 lac shares. Intraday data of options tells that, highest OI is at 6400 put and 7000 call. Full detail of Nifty options can be viewed here





Today's Intraday Calls:



  • Bought KTKBANK Future 127 S L 125.5 target 130
  • S L hit in KTKBANK 


Concluding Updates:
Nifty has made a new life time high of 7018 and low of 6862 till 3:13 p.m. Intraday options data tells that, Nifty 7000 call adds 5.8 lac shares. Nifty 7000 put adds 11.7 lac shares. Highest OI is at 7000 call at 59.5 lac shares and 6400 put at 59.3 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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