Trading ideas for 21/06/2011

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

Nifty has broken all its support line.


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CASH MARKET

FII -512
DII +863

FII DERIVATIVES

Index +786
Option -842
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India VIX : 22.18 up by 1.19 points
Call OI : 57046950
Put OI : 52931450
PCR : 0.93
SMR : 23.90 Bearish (Part Booking of Shorts recommended)

Nifty Open Interest for June stands at 2,43,32,000 up by 2,19,300 with decrease in price (Short Buildup)

Bank Nifty Open Interest for June stands at 15,66,550 down by 25,975 with increase in price (Short Covering)
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For 21/06/11 NF may take support at 5240

Above 5240 NF may rally up to 5290

Below 5240 NF may correct up to 5190
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5290 and 5190 (use this projection with other indicators). Nifty future's immediate support now comes at 5240 zone. If sustains that zone then it will towards 5300 zone. Crossover and sustenance above 5300 will show buying to 5345 level itself. But if cannot sustain above 5240 level it will again retest 5190 and this time below 5190 a real free fall will be seen which may take Nifty future upto 5140 zone.

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OPTION DATA ANALYSIS

5200-5400 calls are seen building up while 5100 puts are seen adding. Support will be seen around 5150 and resistence will be around 5400.


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Expected Bullish Stocks For 21/06/2011: IDEA, AIRTEL, TTML.

Expected Bearish Stocks For 21/06/2011: OIL, INDIACEM, GRASIM, TV-18.

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