NSE Nifty on March 24, 2014


Intraday Calls

Review of the Last Intra-day:
During previous intraday (special session) the Nifty moved in a range of 21 points. The Share Bazaar closed 2 points positive at 6495, after making an intraday high and low of 6502 and 6481 respectively. Yesterday, European indices were up. FTSE was up 15 points, CAC was up 7 points, and DAX was up 47 points. US markets were down. Dow Jones closed down 28 points, S&P 500 was down 5 points, and Nasdaq was down by 43 points.

FII and DII Activity in Last Intraday:
On the last trading day, FIIs bought Rs. 15 crores in cash segment while DIIs sold Rs. 8 crores in cash. FIIs bought Rs. 8 crores in Index futures and FIIs sold Rs. 3 crores in index options. In stock futures FIIs sold Rs. 15 crores and in stock options FIIs sold Rs. 3 crores. This is the provisional data from NSE. Here you can view final data from SEBI. 

Options Segment Activity:
In f&o market, March series options data tells that, Nifty 6500 call sheds 1.9 lac shares. Nifty 6500 put adds 39 thousands shares. Highest OI of 65.7 lac shares is at 6600 call and 67 lac shares is at 6400 put. According to options data, bulls/bears activity is muted.
Currency Market:
In the currency market the USDINR closed at 61.10. The INR was strong by 0.24 paisa.

Beginning of the Day:
Today morning, Asian markets are trading mix. Nikkei is up 180 points, Hang Seng is up 218 points Taiwan is down by 32 points, and Kospi is up by 7 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 25 points positive till 7:06 a.m. So we can expect a positive opening.

Today Nifty opened at 6510 up 15 points and made an intra-day high of 6580 and low of 6510 till 11:15 a.m. The Nifty gained 80 points within first 45 minutes and now it is consolidating its gains.

Mid-day Review:
Nifty is at 6577 up 83 points. Nifty made an intraday high of 6581 and low of 6510 till 1:17 p.m. Top gainers for Nifty are INDUSINDBK, GAIL, and NMDC whereas losers are NTPC, HCLTECH, and DRREDDY. Here you can find more detail on gainers and losers. Dow future is up by 43 points and Euro zone futures are mix. Here you can find full detail on world market futures

Intraday Options Data:
On the options front, Nifty 6600 call adds 3.6 lac shares. Nifty 6600 put adds 32 lac shares. According to intraday data of options, Nifty 6500 put and 6600 call have the highest OI. Full detail of Nifty options can be viewed here.   

Today's Intraday Calls:

  • Bought Nifty Future 6598 S L 6578 target 6630 (BTST)

Concluding Updates:
Nifty has made an intraday high of 6591 and low of 6510 till 3:09 p.m. Intraday options data tells that, Nifty 6700 call adds 6.6 lac shares. Nifty 6600 put adds 37 lac shares and 6500 put adds 17 lac shares. Highest OI is at 6600 call at 66.3 lac shares and 6500 put at 66.1 lac shares. I have closed all intraday trades. BTST for the day is NIFTY Future bought at 6598 with a stop loss of 6578 and a target 6630. STBT for the day is none.

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