January 6, 2014

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Intraday Calls



Review of the Last Intraday:
During previous intraday the Nifty moved in a range of 50 points. The Share Bazaar closed 10 points negative at 6211, after making an intraday high and low of 6221 and 6171 respectively. Yesterday, European indices were up. FTSE was up 13 points, CAC was up 20 points, and DAX was up 35 points. US markets were mix. Dow Jones closed up 29 points, S&P 500 was down 0.61 points, and Nasdaq was down by 11 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs sold Rs. 18 crores in cash segment while DIIs sold Rs. 281 crores in cash. FIIs sold Rs. 609 crores in Index futures and FIIs bought Rs. 1091 crores in index options. In stock futures FIIs sold Rs. 305 crores and in stock options FIIs sold Rs. 26 crore.

Options Segment Activity:
In f&o marketJanuary series options data tells that, Nifty 6300 call adds 8.7 lac shares. Nifty 6300 put sheds 8.5 lac shares. Highest OI of 50.7 lac shares is at 6500 call and 40.3 lac shares is at 6200 put. According to options data, Bears have upper hand on bulls.  
  
Currency Market:
In the currency market the USDINR closed at 62.16. The INR was strong by 0.10 paisa.

Beginning of the Day:
Today morning, Asian markets are trading down. Nikkei is down 354 points, Hang Seng is down 158 points Taiwan is down by 15 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 40 points positive till 7:09 a.m. So we can expect a negative opening.

Today Nifty opened at 6220 positive 9 points and made an intraday high of 6224 and low of 6176 till 9:43 a.m. Today market should remain weak.




Today's Intraday Calls:



  • Sold BANKNIFTY 11148 S L 11193 10:42 a.m. Target 11063

Mid-day Review:
For the intraday, till 1:05 p.m. Nifty is down about 25 points. Top gainers for Nifty are ONGC, TATAMOTORS, and SUNPHARMA while losers are TATAPOWER, PNB, and ICICIBANK. Here you can find more detail on gainers and losers. Dow future is down by 7 points and Euro zone futures are also down about 3 to 14 points. Here you can find full detail on world market futures.

Intraday Options Data:
On the options front, Nifty 6200 put adds 6.4 lac shares. Bulls are defending the level of 6200. Intraday data of options tells that, highest OI is at 6200 put and 6500 call. Full detail of Nifty options can be viewed here


  • Bought BANKNIFTY 11080
  • Bought NIFTY Future 6205 S L 6179 2:52 p.m. (BTST) 

Concluding Updates:
Nifty has made an intraday high of 6224 and low of 6170 till 3:06 p.m. Intraday options data tells that, Nifty 6300 call adds 9.8 lac shares and have the highest OI of 50.5 lac shares. Now 6300 should act as resistance. Nifty 6200 put adds 4.7 lac shares and support is also at 6200. I have closed all intraday trades. BTST for the day is Nifty Future bought at 6205 S L is at 6179. STBT for the day is none.

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