NSE Nifty on April 7, 2014



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Intraday Calls



Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 56 points. The Share Bazaar closed 42 points negative at 6694, after making an intraday high and low of 6741 and 6685 respectively. Yesterday, European indices were up. FTSE was up 46 points, CAC was up 35 points, and DAX was up 67 points. US markets were down. Dow Jones closed down 160 points, S&P 500 was down 24 points, and Nasdaq was down by 110 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 232 crores in cash segment while DIIs sold Rs. 1125 crores in cash. FIIs sold Rs. 599 crores in Index futures and FIIs bought Rs. 289 crores in index options. In stock futures FIIs sold Rs. 659 crores and in stock options FIIs bought Rs. 40 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 4 lac shares. Nifty 6600 put sheds 2.8 lac shares. Highest OI of 49 lac shares is at 6900 call and 55.2 lac shares is at 6400 put. According to options data, bulls have upper hand on bears.
  
Currency Market:
In the currency market the USDINR closed at 60.08. The INR was strong by 0.08 paisa.

Beginning of the Day:
Today morning, Asian markets are trading down. Nikkei is down 198 points, Hang Seng is down 65 points, and Kospi is down by 1 point. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 3 points positive till 7:04 a.m. So we can expect a flat opening.

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

Today Nifty opened at 6694 and made an intra-day high of 6725 and low of 6690 till 10:15 a.m. Today market should remain in positive zone with minor gains.   




Today's Intraday Calls:


  • Bought NIFTY Future 6508 (Covered positional short in hope of resell at a higher price)  

Mid-day Review:
Nifty is at 6655 down 39 points. Nifty made an intraday high of 6725 and low of 6651 till 12:30 p.m. Top gainers for Nifty are ULTRACEMCO, AMBUJACEM, and GRASIM whereas losers are JINDALSTEL, DLF, and BHEL. Here you can find more detail on gainers and losers. Dow future is down by 40 points and Euro zone futures are down by about 6 to 40 points. Here you can find full detail on world market futures


Intraday Options Data:

On the options front, Nifty 6700 call adds 7.2 lac shares. Nifty 6700 put adds 3.5 lac shares. According to intraday data of options, Nifty 6400 put and 6900 call have the highest OI. Full detail of Nifty options can be viewed here


  • Sold NIFTY Future 6728 Positional (bought for intraday at 6708)    

Concluding Updates:
Nifty has made an intraday high of 6725 and low of 6650 till 3:02 p.m. Intraday options data tells that, Nifty 6700 call adds 6.2 lac shares. Nifty 6700 put adds 2.8 lac shares. Highest OI is at 6900 call at 41.4 lac shares and 6400 put at 63.3 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.


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