Trading ideas for 20/06/2011

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

Nifty still week but just in the bottom of the trendline.


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

FII -390
DII +35

FII DERIVATIVES

Index -299
Option +1899

India VIX : 20.27 up by 0.61 points
Put OI : 54063850
Call OI : 51880150
PCR : 1.04
SMR : 19.45 (Neutral to Bearish)

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

For 20/06/11 NF may take support at 5360

Above 5360 NF may rally up to 5400

Below 5360 NF may correct up to 5320
-------------------------------------------------------------------------------------------

NIFTY LEVELS

Nifty future's projected high and low for next session is 5420 and 5300 (use this projection with other indicators). Nifty future's immediate support now comes at 5360 zone. If sustains that zone then it will towards 5400 zone. Crossover and sustenance above 5400 will show buying to 5445 level itself. But if cannot sustain above 5400 level it will again retest 5360 and this time below 5360 a real free fall will be seen which may take Nifty future upto 5320 zone.

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

OPTION DATA ANALYSIS

5300-5600 calls are seen building up while 5100 to 5300 puts are seen adding. 5400 level is not 50/50 chance for bulls and bears while 5500 is resistence and 5300 will provide good support.

Nifty open interest is denotes shorts are building up while some shorts are been covered in bank nifty.

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

Expected Bullish Stocks For 20/06/2011: VIDEOIND, JETAIRWAYS, TATASTEEL, COLPAL, IDEA.

Expected Bearish Stocks For 20/06/2011: BPCL, MARUTI, TCS, GLAXO, INFOSYS.

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

AUROBINDO PHARMA -Sell Below-173 and for TARGET1 –176 TARGET2 -170 and with STOP LOSS-168

BHUSHAN STEEL -Buy Above-424 and for TARGET1 –419 TARGET2 -428 and with STOP LOSS-433

SESA GOA -Sell Below-268 and for TARGET1 –272 TARGET2 -264 and with STOP LOSS-261

VGUARD -Buy above-227 and for TARGET1 –223 TARGET2 -231 and with STOP LOSS-234

HDIL

Buy above 179.80 TGT 181.35 >>182.95 >>185.25>> 188.15 >>191.80

Sell below 169.45 TGT 167.80>> 166.20 >>163.95 >>161.05 >>157.35

Biocon buy around 357 with strict SL 353.5 expected target 371

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

Maninds buy above 151 for target of 165 SL 145 (7 DAYS)

SELL ACC BELOW 962.50 SL ABOVE 974 TARGET 953-946 (7 DAYS).

Alkali buy above 60.5 for target of 68 SL 59 (7 DAYS)