December 13, 2013

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Intraday Calls


During previous intraday the Nifty made a high of 6286 and low 6230. After making an intraday range of 56 points, the Nifty closed down 70 points at 6237. On the last trading day, European indices were down. FTSE was down 62 points, CAC was down 18 points, and DAX was down 60 points. US markets were also negative. Dow Jones closed down 104 points, S&P 500 was down 7 points, and Nasdaq was down by 5 points.

Yesterday, FIIs bought Rs. 188 crores in cash segment whereas DIIs sold Rs. 355 crores in cash. FIIs sold Rs. 519 crores in Index futures and FIIs bought Rs. 387 crores in index options. In stock futures FIIs sold Rs. 596 crores and in stock options FIIs bought Rs. 5 crores.   

In Nifty options segment, Nifty 6300 call adds 11.5 lac shares and have the highest OI. While highest OI of 50.4 lac shares is at Nifty 6000 put.   

Today morning, Asian markets are trading mix. Nikkei is down 39 points, Hang Seng is down 137 points Taiwan is up by 9 points and Kospi is down by 18 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 50 points positive till 7:07 a.m. So we can expect a negative opening.

Yesterday after the closing of market, the November CPI numbers came at 11.24 percent and October IIP was negative at -1.8 percent. Both the data points are not favorable for market.

Today Nifty opened at 6201 down 36 points and made an intraday high of 6208 and low of 6185 till 9:33 a.m. Nifty future is near 6200. It should act as support as you may remember on Monday, heavy OI was added in 6200 put.   

Today's Intraday Calls:


  • Bought TATACOMM 273 S L 270.90 9:31 a.m. Target 275.40-278-280.50
  • Revise S L in TATACOMM 273
  • Revise S L in TATACOMM 274.90
  • S L hit TATACOMM 
  • Bought RELIANCE 865 S L 857 12:55 p.m. Target 872-879


For the intraday, till 1:04 p.m. Nifty is down about 62 points. Top gainers for Nifty are Tatmotors, Coalindia, and Wipro while losers are Jpassiciat, Indusindbk, and BHEL. Here you can find more detail on gainers and losers. Dow future is up by 25 points and Euro zone futures are flat. Here you can find full detail on world market futures


On the options front, Nifty 6400 call adds 9.5 lac shares, 6300 call adds 15.2 lac shares, and 6200 call also add more than 10 lac shares. Nifty 6100 put adds 9.3 lac shares. Intraday data of options tells that, highest OI is at 6000 put and 6300 call. Nifty 6300 become the resistance level for now. Full detail of Nifty options can be viewed here

  • Sold RELIANCE 865

Nifty has made a low of 6166 till 3:02 p.m. Intraday options data tells that, Nifty 6400 call adds 8.7 lac shares, Nifty 6300 call adds 18.8 lac shares, and Nifty 6200 call adds 11.5 lac shares. Nifty 6100 put adds 9 lac shares. Highest OI is in 6300 call at 73 lac shares which tells that the bears are confident that they will not let the Nifty go beyond that level very easily. Bulls are defending the level of 6100. So we should sell any bounce back towards 6300.  I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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