Trading ideas for 30/06/2011

Trading ideas for 30/06/2011(Thursday)

INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM

With FII pumping money nifty will break all Resistance with nice gap up and then a flat trade.


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CASH MARKET

FII +669
DII -240

FII DERIVATIVES

Index +728
Option +2662
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India VIX : 19.46 down by 0.03 points
Call OI : 40110550
Put OI : 65281700
PCR : 1.63
SMR : 11.96 (Bullish: Hedge your Longs)
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Nifty Open Interest for June stands at 1,42,55,200 down by 21,46,900 (July Series added 51,67,150) with increase in price (100% roll over with huge long buildup in July Series)

Bank Nifty Open Interest for June stands at 6,57,925 down by 1,87,150 (July Series added 1,76,425) with increase in price (More then94% rolled over in July Series)----------------------------------------

For 30/06/11 NF may take support at 5590

Above 5595 NF may rally up to 5655

Below 5595 NF may correct up to 5550
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5680 and 5550 (use this projection with other indicators). Nifty future's immediate support now comes around 5600 zone. If sustains that zone then it will towards 5650 zone. Crossover and sustenance above 5650 will show buying to 5690 level itself. But if cannot sustain above 5600 level it will again retest 5550 and this time below 5550 a real free fall will be seen which may take Nifty future upto 5520 zone.

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OPTION DATA ANALYSIS

5500 and 5600 puts are been written while 5600 calls written but 5700 calls have very high OI today and the price was less than Rs.2 so it looks like speculative buying of 5700 calls expecting a gap up on tomorrow.
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Expected Bullish Stocks For 29/06/2011: ULTRACEMCO, AUROPHARMA, MPHASIS, AUROPHARMA.

Expected Bearish Stocks For 29/06/2011: GSPL, GAIL, PETRONET .

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