Trading ideas for 16/06/2011

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

Nifty just finishes near the important support level.


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CASH MARKET

FII -170
DII +141

FII DERIVATIVES

Index
Option

India VIX : 19.14 up by 0.63 points
Put OI : 53429500
Call OI : 45821200
PCR : 1.17
SMR : 16.41 (Neutral to Bearish)


For 16/06/11 NF may take support at 5400

Above 5420 NF may rally up to 5460

Below 5400 NF may correct up to 5360
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5515 and 5380 (use this projection with other indicators). Nifty future's immediate support now comes at 5430 zone. If sustains that zone then it will towards 5480 zone. Crossover and sustenance above 5480 will show real buying to 5520 level itself. But if cannot sustain above 5430 level it will again retest 5390-5380 and this time below 5380 a real free fall will be seen which may take Nifty future upto 5340 zone.

OPTION DATA ANALYSIS

Still 5400 have good support. 5600 is resistence. 5500 is still 50/50 chance.Nifty OI was up by 3.9 lacs mainly due to shorts build-up. have strict SL on either side due to strong move on either side due to RBI meeting.


Expected Bullish Stocks For 15/06/2011: FSL, APOLLOTYPE, SUNTV, CONCOR.

Expected Bearish Stocks For 15/06/2011: SOBHA,WIPRO,MARUTI.

Sell KOTAK MAHINDRA with very very strict stop loss of 444 Target is 433 & 425
Buy nifty close to 5380 with SL.5365

Tomorrow is RBI meeting so not much TA will work. Trade with less volume until we get a clear direction.