November 26, 2013

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Intraday Calls

During previous intraday the Nifty made a high of 6123 and low 6036. After making an intraday range of 87 points the Nifty closed at 6115. On the last trading day, European indices were positive. FTSE was up 20 points, CAC was up 23 points, and DAX was up 88 points. US markets were mix. Dow Jones closed up 8 points, Nasdaq was up by 3 points and S&P 500 was down by 2 points.

Yesterday, FIIs bought Rs. 838 crores in cash segment whereas DIIs sold Rs. 792 crores in cash. FIIs purchased Rs. 535 crores in Index futures and bought Rs. 880 crores of index options. In stock futures FIIs sold Rs. 90 crores and in stock options FIIs sold Rs. 24 crores.   

In Nifty options segment, Nifty 6100 call sheds 16.75 lac shares and Nifty 6000 call sheds 23.2 lac shares. Whereas Nifty 6100 put adds 21.85 lac shares and Nifty 6000 put adds 12.3 lac shares. This change puts pressure on bears and send them to back foot. Now till expiry, Nifty should take support around 6000.   

Today morning, Asian markets are trading mix Nikkei down by 116 points, Hang Seng down 10 points Taiwan up by 10 points and Kospi down by 9 points. Here you can find latest detail on world market indices, along with intraday charts. SGX Nifty is trading 39 points negative till 7:06 a.m. So we can expect a negative opening.

Today Nifty opened at 6099 down 16 points. Intraday high for Nifty is 6106 and low is 6087 till 9:31 a.m. BTST for the day was Nifty 6100 put bought at 24 and Nifty 6000 put bought at 16.50. 

Today's Intraday Calls:

• Sold Nifty 6100 put 38 (BTST)
• Sold ICICIBANK 1078.50 S L 1086.50 10:35 a.m.
• Revise S L in ICICIBANK 1079

Nifty is at 6081 down 34 points. Nifty made an intraday high of 6112 and low of  6079 till 1:10 p.m. Top gainers for Nifty are BHEL, HINDUNILVR, and SSTL whereas losers are BPCL, TATASTEEL, and DRREDDY. Here you can find more detail on gainers and losers. Dow future is up by 19 points and Euro zone futures are down by about 3 to 7 points. Here you can find full detail on world market futures. 

On the options front, Nifty 6100 call adds 10.5 lac shares and Nifty 6200 call also add more than 10.6 lac shares. Nifty 6100 put adds 4.6 lac shares. Intraday data of options suggests that, bears are putting pressure on 6100 level. Nifty should defend the level of 6000 till expiry. Full detail of Nifty options can be viewed here.  

• Revise S L in ICICIBANK to 1070.10 
• Bought ICICIBANK 1060 1:47 p.m.
• Sold SBIN 1801 S L 1811 2:07 p.m.
• Revise S L in SBIN to 1801 
• Bought SBIN 1785 3:04 p.m.

Nifty has made a low of 6067 till 3:01 p.m. There is not much change in intraday options data. Nifty 6100 call adds 14 lac shares and Nifty 6200 call adds 12.2 lac shares. Bulls are defending 6050 as Nifty 6050 put adds more than 5 lac shares. Although highest OI is at Nifty 6200 call and Nifty 6000 put. I have closed all Intraday trades. BTST for the day is none. STBT for the day is none.