December 9, 2013

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Intraday Calls

During previous intraday the Nifty made a high of 6275 and low 6230. After making an intraday range of 45 points the Nifty closed up 19 points at 6260. On the last trading day, European indices were up. FTSE was up 53 points, CAC was up 29 points, and DAX was up 87 points. US markets were also positive. Dow Jones closed up 199 points, S&P 500 was up 20 points, and Nasdaq was up by 29 points.

Yesterday, FIIs bought Rs. 864 crores in cash segment whereas DIIs sold Rs. 744 crores in cash. FIIs sold Rs. 18 crores in Index futures and FIIs sold Rs. 734 crores of index options. In stock futures FIIs sold Rs. 316 crores and in stock options FIIs sold Rs. 38 crores.   

In Nifty options segment, Nifty 6300 call adds 8.7 lac shares, 6400 call adds 4.4 lac shares, 6600 call adds 8.4 lac shares, and 6800 call adds 8.4 lac shares. Highest OI of 60.9 lac shares is at Nifty 6400 call. Nifty 6000 put have the highest OI at 50.4 lac shares.   

Today morning, Asian markets are trading up. Nikkei up 276 points, Hang Seng up 159 points Taiwan up by 91 points and Kospi up by 19 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 140 points positive till 7:05 a.m. So we can expect an opening above the all time high level of 6357.

Positional Call is JINDALSTEL bought at 266, revised stop loss is 272 and target is 292. BTST for the day was Reliance 880 CE bought at Rs.16.70 and S L was at Rs. 9.

Today Nifty opened at 6415 up 155 points and made an intraday high of 6415 and low of 6353 till 9:53 a.m. Nifty has made its new life high after 5 years and 11 months.  

Now the threshold of 6357 is crossed. Do not get over excited. Look at your DP holding. I think in next 20 to 40 days the value of your DP holding should increase by 50 to 80 percent from here. 

Today's Intraday Calls:

• Revise S L in RELIANCE 880 CE 16
• Bought UNIONBANK 133 S L 131.25 10:40 a.m.
• Revised S L hit in JINDALSTEL 272 (Positional)
• Bought IDFC 115.30 S L 114.20 11:24 a.m.

For the intraday, till 12:58 p.m. Nifty is up about 99 points. Top gainers for Nifty are SSTL, LT, and ICICIBANK and losers are JINDALSTEL, CIPLA, and CAIRN. Here you can find more detail on gainers and losers. Dow future is up by 25 points and Euro zone futures are also up about 13 to 42 points. Here you can find full detail on world market futures. 

On the options front, Nifty 6300 call shed 8.2 lac shares. Nifty 5900 put shed 6.3 lac shares, 6000 put shed 2.7 lac shares, 6200 put adds 6 lac shares, 6300 put adds 8.2 lac shares, and 6400 put adds 10.8 lac shares. Intraday data of options tells that, highest OI in puts shift from 6000 to 6200, that means the monthly support for Nifty is near 6200 and 6400 call have the highest OI. Full detail of Nifty options can be viewed here. 

• Sold UNIONBANK 132.70
• Sold IDFC 115.30

Nifty has made its new life high without the new life high made by its any of constituents. So a lot of path up work is pending for Nifty. Nifty has made an intraday low of 6345 and high of 6415 till 3:09 p.m. Intraday options data tells that, the next support for Nifty is around 6200 because Nifty 6200 put have highest OI. We are seeing some profit booking in 6300 call. 6400 put adds 12.6 lac shares and 6300 put adds 11.1 lac shares. I have closed all intraday trades. BTST for the day is none. STBT for the day is none. RELIANCE 880 CE is pending bought at 16.70 revised S L 16.