NSE Nifty Closed at New Life High on May 9 , 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday the Nifty made a high of 6688 and low 6638. After making an intraday range of 50 points, the Share Bazaar closed up 7 points at 6660. On the last trading day, European indices were up. FTSE was up 43 points, CAC was up 61 point, and DAX was up 86 points. US markets were mix. Dow Jones closed up 32 points, S&P 500 was down 3 points, and Nasdaq was down by 16 point.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 363 crores in cash segment while DIIs sold Rs. 120 crores in cash. FIIs sold Rs. 300 crores in Index futures and FIIs sold Rs. 722 crores in index options. In stock futures FIIs sold Rs. 319 crores and in stock options FIIs sold Rs. 48 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 7000 call adds 5 lac shares and Nifty 6700 call adds 1.1 lac shares. Nifty 6800 put sheds 2.5 lac shares and Nifty 6600 put adds 2.4 lac shares. Maximum 49.6 lac shares are outstanding at 7000 call and 42.4 lac shares at 6400 put. According to options data, bulls/bears are building their positions for election results.

Currency Market:
In the currency market the USDINR closed at 60.07. The INR was strong by 0.07 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is up 85 points, Hang Seng is up 51 points, Taiwan is down by 23 points, and Kospi is up by 4 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 2 points positive till 7:43 a.m. So we can expect a flat opening. 

Today Nifty opened at 6654 down 5 points and made an intraday high of 6710 and low of 6652 till 9:45 a.m. Today market should remain strong.

Mid-day Review:
Nifty is at 6807 up 147 points. Nifty made an intraday high of 6815 and low of 6652 till 12:58 p.m. Top gainers for Nifty are AMBUJACEM, HINDALCO, and COALINDIA whereas losers are LUPIN, DRREDDY, and SUNPHARMA. Here you can find more detail on gainers and losers. Dow future is up by 23 points and Euro zone futures are down by about 2 to 23 points. Here you can find full detail on world market futures

Intraday Options Data:
On the options front, Nifty 6900 call adds 3.3 lac shares. Nifty 6800 put adds 1 lac shares. According to intraday data of options, Nifty 6400 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 6871 and low of 6652 till 3:14 p.m. and is closing at new life high. Intraday options data tells that, Nifty 6900 call adds 6 lac shares and 7000 call adds 6 lac shares. Nifty 6800 put adds 5.6. Highest OI is at 7000 call at 55.7 lac shares and 6400 put at 50.3 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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