Nifty broke all the resistence due to huge short covering but still nothing have changed much in world market and in india. So 5500 will act a good resistence and 5400 will provide a nice support. one can buy near 5400 with small SL and sell above 5500 with small SL if we get a chance on monday.
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CASH MARKET
FII +890
DII -486
FII DERIVATIVES
Index +2787
Option 1582
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India VIX : 19.32 down by 0.18 points
Call OI : 44417100
Put OI : 58143300
PCR : 1.31
SMR : 14.76 Neutral to Bullish
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Nifty Open Interest for June stands at 2,18,91,300 down by 23,96,650 with increase in price (Huge Short Covering with more then 75% roll over)
Bank Nifty Open Interest for June stands at 9,63,575 down by 1,93,375 with increase in price (Mostly Short Covering with around 30% roll over)
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For 27/06/11 NF may take support at 5440
Above 5440 NF may rally up to 5490
Below 5440 NF may correct up to 5405
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NIFTY LEVELS
Nifty future's projected high and low for next session is 5510 and 5290 (use this projection with other indicators). Nifty future's immediate support now comes at 5440 zone. If sustains that zone then it will towards 5480 zone. Crossover and sustenance above 5480 will show buying to 5530 level itself. But if cannot sustain above 5440 level it will again retest 5405 and this time below 5405 a real free fall will be seen which may take Nifty future upto 5380 zone.
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OPTION DATA ANALYSIS
5300 and 5400 calls have been covered 5200 to 5500 puts are written on friday. now the support comes ar 5400 and resistence at 5500
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Expected Bullish Stocks For 22/06/2011: CAIRN, ULTRACEMCO, FEDERALBNK, SIEMENS, NHPC.
Expected Bearish Stocks For 22/06/2011: INDIACEM, OPTOCIRCUI, LITL, TITAN, RELINFRA.
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what about your target of 5700+ by june 22?
ReplyDeletewhen did i told about 5700+. i did not think so.
ReplyDeleteRegards
http://niftystockandoption.blogspot.com/2011/06/intraday-tips-for-monday-13th-june-2011.html
ReplyDeleteany updates to this?
on that post i have told to short nifty call 5700 and that too only once we clear 5503 and its a combo not a naked call. i have also asked to buy 5400 call a week back and that should be in profit now. so the message in that post is once we cross 5503 we will start to short 5700 call and only IF WE REACH 5700 will close the 5400 long call and hold the 5700 call short.
ReplyDeletehope its clear now. its all the probability based trading. if you still have any doubt i am happy to clear that.
Regards
Ok thanks, so what would be the 1-3 month view going forward?
ReplyDeleteregards
nifty is struggling to go high now.
ReplyDeletesell nifty 5523 SL can be todays high.
Regards
SL hit. exit short. went long with small SL
ReplyDeletebook full profit
ReplyDeleteagain bought nifty at 5528 SL 10points
ReplyDelete