Trading ideas for 23/06/2011

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

Nifty getting resistance at 5300.If not able to break 5300


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CASH MARKET

FII
DII

FII DERIVATIVES

Index
Option
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India VIX : 21.31 down by 0.87 points
Call OI : 55455600
Put OI : 51183650
PCR : 0.92
SMR : 23.09 (Bearish (Part Booking of Shorts recommended)

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Nifty Open Interest for June stands at 2,52,29,050 up by 8,97,050 with decrease in price (Huge Short Buildup)

Bank Nifty Open Interest for June stands at 13,56,300 down by 2,10,250 with decrease in price (Huge Long Liquidation)-------------------------------------------------------------------------------------------

For 23/06/11 NF may take support at 5260

Above 5260 NF may rally up to 5295

Below 5260 NF may correct up to 5220
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5320 and 5200 (use this projection with other indicators). Nifty future's immediate support now comes at 5260 zone. If sustains that zone then it will towards 5300 zone. Crossover and sustenance above 5310 will show buying to 5345 level itself. But if cannot sustain above 5260 level it will again retest 5220 and this time below 5200 a real free fall will be seen which may take Nifty future upto 5140 zone.

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OPTION DATA ANALYSIS

5300 looks resistence and 5200 is support

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Expected Bullish Stocks For 22/06/2011: BHUSANSTL, IOB, ITC.

Expected Bearish Stocks For 22/06/2011: TITAN, JINDALSTEL, MARUTI.

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