NSE Nifty on May 8, 2014

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Intraday Calls


Review of the Last Intra-day:
During previous intraday the Nifty moved in a range of 76 points. The Share Bazaar closed 63 points negative at 6652, after making an intraday high and low of 6718 and 6642 respectively. Yesterday, European indices were mix. FTSE was down 2 points, CAC was up 18 points, and DAX was up 54 points. US markets were mix. Dow Jones closed up 118 points, S&P 500 was up 10 points, and Nasdaq was down by 13 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 119 crores in cash segment whereas DIIs sold Rs. 259 crores in cash. FIIs sold Rs. 512 crores in Index futures and FIIs sold Rs. 863 crores in index options. In stock futures FIIs sold Rs. 339 crores and in stock options FIIs sold Rs. 31 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 2.9 lac shares. Nifty 6700 put adds 1.7 lac shares. Highest OI of 44.5 lac shares is at 7000 call and 41.5 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 60.14. The INR was weak by 0.03 paisa.

Beginning of the Day:
Today morning, Asian markets are trading up. Nikkei is up 128 points, Hang Seng is up 75 points, Taiwan is up by 12 points, and Kospi is up by 1 point. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 32 points positive till 7:04 a.m. So we can expect a positive opening.

Today Nifty opened at 6669 up 17 points and made an intraday high of 6688 and low of 6656 till 11:15 a.m. Today Nifty should remain positive.




Today's Intraday Calls:


  • Sold RCOM Future 115.35 S L 116.35 target 113.35
  • Bought RCOM Future 114.20




Mid-day Review:
Nifty is at 6654 up 2 points. Nifty made an intraday high of 6688 and low of 6647 till 12:42 p.m. Top gainers for Nifty are CIPLA, POWERGRID, and WIPRO whereas losers are ITC, GAIL, and LUPIN. Here you can find more detail on gainers and losers. Dow future is up by 2 points and Euro zone futures are up by about 2 to 32 points. Here you can find full detail on world market futures


Intraday Options Data:
On the options front, Nifty 6700 call adds 5.6 lac shares. Nifty 6700 put adds 1.4 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 6688 and low of 6638 till 3:01 p.m. Intraday options data tells that, Nifty 6700 call adds 1.6 lac shares. Nifty 6700 put adds 1.6 lac shares. Highest OI is at 7000 call at 51 lac shares and 6400 put at 42 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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