December 20, 2013

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Intraday Calls

During previous intraday the Nifty made a high of 6263 and low 6150. After making an intraday range of 113 points, the Nifty closed down 51 points at 6166. On the last trading day, European indices were up. FTSE was up 93 points, CAC was up 68 points, and DAX was up 154 points. US markets were mix. Dow Jones closed up 11 points, S&P 500 was down 1 point, and Nasdaq was down by 12 points.

Yesterday, FIIs bought Rs. 2264 crores in cash segment whereas DIIs sold Rs. 42 crores in cash. FIIs sold Rs. 574 crores in Index futures and FIIs bought Rs. 618 crores in index options. In stock futures FIIs sold Rs. 151 crores and in stock options FIIs sold Rs. 69 crores.   

In Nifty options segment, Nifty 6300 call adds 8.4 lac shares and 6200 call adds 18.2 lac shares. Nifty 6300 call have the highest OI at 76.3 lac shares while highest OI of 58 lac shares is at Nifty 6000 put. 6300 should be the resistance level for the Nifty for the month of December.    

Today morning, Asian markets are trading mix. Nikkei is down 75 points, Hang Seng is up 35 points Taiwan is down by 6 points and Kospi is down by 6 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 15 points positive till 7:10 a.m. So we can expect a flat opening.

Today Nifty opened at 6180 up 13 points and made an intraday high of 6193 and low of 6170 till 9:33 a.m. Today market should remain in positive zone. 

Today's Intraday Calls:

• Bought INDUSINDBK 423.80 S L 419 9:46 a.m. Target 428-432 (BTST)
• Bought IDFC 102.75 S L 101.65 10:36 a.m. target 103.90-104.80 
• Revise S L in IDFC to 102.85

For the intraday, till 1 p.m. Nifty is up about 65 points. Top gainers for Nifty are CAIRN, WIPRO, and MARUTI and losers are SUNPHARMA, SSTL, and BHARTIARTL. Maruti is trading at new life high and Wipro is at multi year highs. Here you can find more detail on gainers and losers. Dow future is up by 18 points and Euro zone futures are also up about 5 to 30 points. Here you can find full detail on world market futures. 

On the options front, Nifty 6200 call sheds 10.8 lac shares and 6300 calls also shed more than 5.5 lac shares. Nifty 6200 put adds 20.8 lac shares and 6100 put adds 8.3 lac shares. Intraday data of options tells that, highest OI shifts from 6000 put to 6200 put. 6300 call have the highest OI at 70 lac shares. Full detail of Nifty options can be viewed here. 

• Sold IDFC 104.70

Nifty has made an intraday high of 6251 and low of 6170 till 3 p.m. Intraday options data tells that the next support for Nifty is around 6200. Because Nifty 6200 put adds 24.2 lac shares and 6100 put adds 8.2 lac shares. Nifty 6200 call sheds 10 lac shares. Nifty 6300 call have 74 lac shares outstanding and 6200 put have 70 lac shares outstanding. I have closed all intraday trades. BTST for the day is INDUSINDBK bought at 423.8 S L 419. STBT for the day is none.