Thursday, June 30, 2011

Trading ideas for 01/07/2011

Trading ideas for 01/07/2011(Friday)


INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM


Nifty will face selling pressure now around 5680.


--------------------------------------------
CASH MARKET

FII +1591
DII -733

FII DERIVATIVES

Index +1091
Option +629
--------------------------------------------------------------------------

India VIX : 18.41 down by 1.05 points
Call OI : 22529850
Put OI : 27960550
PCR : 1.24
SMR : 14.83 (Bullish: Part Booking of Longs recommended)
----------------------------------------------------------------------------------------

Nifty Open Interest for July stands at 2,07,73,450 up by 46,70,900 with increase in price (100% roll over with additional Long Buildup)

Bank Nifty Open Interest for July stands at 9,24,725 up by 1,60,950 with increase in price (Long Buildup)
----------------------------------------

For 01/07/11 NF may take support at 5640

Above 5640 NF may rally up to 5675

Below 5640 NF may correct up to 5590
-------------------------------------------------------------------------------------------

NIFTY LEVELS

Nifty future's projected high and low for next session is 5690 and 5580 (use this projection with other indicators). Nifty future's immediate support now comes around 5640 zone. If sustains that zone then it will towards 5680 zone. Crossover and sustenance above 5680 will show buying to 5710 level itself. But if cannot sustain above 5640 level it will again retest 5605 and this time below 5605 a real free fall will be seen which may take Nifty future upto 5560 zone.

--------------------------------------------------------------------------------------------

OPTION DATA ANALYSIS

----------------------------------------------------------------------------------

-------------

Expected Bullish Stocks For 01/07/2011: SOBHA, MUNDRAPORT, OPTOCIRCUI, BHARATFORG, ANDHRABANK.

Expected Bearish Stocks For 01/07/2011: SUNTV, BAJAJHLDNG, GLAXO .

----------------------------------------------------------------------------------

11 comments:

  1. sold nifty at 5654 5 SL 15 points.

    ReplyDelete
  2. 5610-20 will be the target. but have to change the SL now to 5660.

    Regards

    ReplyDelete
  3. bought aban 480 put at 11. risk one.

    ReplyDelete
  4. chances are nifty may find some support around 5610-5620.

    ReplyDelete
  5. one can try to buy nifty close to 5630 with small SL because just one more hour left and its friday thats why.

    Regards

    ReplyDelete
  6. but its little risk in the above trade.

    regards.

    ReplyDelete
  7. time up. if anyone bought nifty close to 5630 try to close it or keep SL with buy price plus brokerage.

    have a nice weekend

    Regards

    ReplyDelete