Trading ideas for 15/06/2011

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

Nifty looks indecisive.


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CASH MARKET

FII -798
DII +610

FII DERIVATIVES

Index
Option

For 15/06/11 NF may take support at 5480

Above 5480 NF may rally up to 5525

Below 5480 NF may correct up to 5450
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5532 and 5417 (use this projection with other indicators). Nifty future's immediate support now comes at 5480 zone. If sustains that zone then it will towards 5525-5540 zone. Crossover and sustenance above 5545 will show real buying to 5590 level itself. But if cannot sustain above 5500-5515 it will again retest 5475-5450 and this time below 5445 a real free fall will be seen which may take Nifty future upto 5390 zone.

OPTION DATA ANALYSIS

5400 has become a super strong support for this month. 5400 put writer are very much confident that market will not break 5400 but market players are still indecisive about 5500. so 5500 still have 50%/50% chance for both bulls and bears and 5600 is slowly becoming a good resistence. so there may be some more rangebound days to continue. break of 5450 or 5590 will give easy 150points move on that side.



Expected Bullish Stocks For 15/06/2011: IGL, BOSCHLTD, IDEA, MRPL, IFCI, BATAINDIA, VOLTAS.

Expected Bearish Stocks For 15/06/2011: HDFC, DABUR, IDFC.