December 26, 2013

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Intraday Calls


Review of the Last Intraday:
During previous intraday the Nifty made a high of 6317 and low 6262. After making an intraday range of 55 points, the Nifty closed down 6 points at 6268. On the last trading day, European indices were up. FTSE was up 16 points, CAC was up 3 points, and DAX was closed. US markets were also positive. Dow Jones closed up 63 points, S&P 500 was up 5 points, and Nasdaq was up by 7 points.

FII and DII Activity in Last Intraday:
Yesterday, FIIs bought Rs. 41 crores in cash segment whereas DIIs sold Rs. 44 crores in cash. FIIs bought Rs. 213 crores in Index futures and FIIs sold Rs. 596 crores in index options. In stock futures FIIs sold Rs. 207 crores and in stock options FIIs sold Rs. 39 crores.   

Options Segment Activity:
In Nifty options segment, Nifty 6350 call adds 9.1 lac shares and 6300 call adds 9.8 lac shares. Nifty 6300 call have the highest OI at 70 lac shares while highest OI of 69 lac shares is at Nifty 6200 put. Bulls sold 4.7 lac shares in 6250 put.   

Currency Market:
In the currency market the USDINR closed at 61.8. The INR was strong by 0.04 paisa.

Beginning of the Day:
Today morning, Asian markets are trading positive. Nikkei is up 126 points, Hang Seng is closed today, Taiwan is up by 5 points and Kospi is up by 6 points. Here you can find latest detail on world market indices along with intraday charts. SGX Nifty is trading 3 points positive till 7:02 a.m. So we can expect a flat opening.

BTST for the day is Nifty 6250 CE bought at 40 and stop loss is at 28 target should be 55-75.

Nifty opened at 6270 positive 1 point and made an intraday high of 6285 and low of 6270 till 9:59 a.m. Today is the expiry of December f&o series.


Today's Intraday Calls:


  • Bought INDUSINDBK 428 S L 425 11:04 a.m. target 432.50-436

Mid-day Review:
For the intraday, till 1:20 p.m. Nifty is up about 12 points. Top gainers for Nifty are TATAPOWER, BPCL, and ONGC and losers are BAJAJ-AUTO, HEROMOTOCO, and RELIANCE. Here you can find more detail on gainers and losers. Europe is closed today. 

Intraday Options Data:

On the options front, Nifty 6300 call adds 28.7 lac shares. Nifty 6250 put adds 23.7 lac shares. Intraday data of options tells that, highest OI is at 6300 call and 6200 put. On the day of expiry the market is in a small range. Support for the market is 6250 and resistance is 6300. Full detail of Nifty options can be viewed here


  • S L hit in INDUSINDBK

Concluding Updates:
Nifty has made an intraday high of 6302 and low of 6270 till 3:05 p.m. Intraday options data tell that Nifty 6300 call have OI at 1 crore shares. So the expiry should be below 6300 and above 6250. I have closed all intraday trades. BTST for the day is none. STBT for the day is none.

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