01/08/2011

Trading ideas for 1/08/2011(Monday)


Nifty consolidating and have a positive divergence in hourly chart and getting support at 5470 which provided support previously but caution needed because of US debt vote. Holding 5480 level nifty may try 5525 and above is bullish whereas close below 5430 is bearish.

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-904	+1453	+33	-8
FII Cash	-464
DII Cash	+411

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India VIX : 19.77 up by 1.26 points
Call OI : 29986400
Put OI : 32914600
PCR : 1.098
SMR : 18.01
ADV/DEC 481/918

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5418	5452	5485	5515	5555

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5295	5392	5545	5635	5795

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• Nifty Open Interest for August stands at 1,95,44,150 up by 6,31,650 - Short Build-up

• Bank Nifty Open Interest for August stands at 9,12,600 up by 38,000 -  Long Build-up

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For 1/08/11 NF may take support at 5485

Above 5485 NF may rally up to 5520

Below 5485 NF may correct up to 5425

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5430 and 5530 (use this projection with other indicators). Nifty future's immediate support now comes around 5470 zone. If sustains that zone then it will towards 5505 zone. Crossover and sustenance above 5505 will show buying to 5540 level itself. But if cannot sustain above 5470 level it will again retest 5430 and this time below 5430 a real free fall will be seen which may take Nifty future upto 5380 zone.

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OPTION DATA ANALYSIS


As per OI Table good addition was seen in 5500, 5600, 5700 and 5800 call while 5400, 5300, 5200, 5100 and 5000 put also got written. After the fall which started from RBI rate hike yesterday could be the first day we saw some put writing which means at least for the time being there could be some support at 5400.

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Expected Bullish Stocks For 1/08/2011: BATAINDIA, IDEA, GTL, RCOM, DENABANK, AXISBANK.

Expected Bearish Stocks For 1/08/2011: ADANIENT, ADANIPOWER, NMDC, BGRENERGY .

Trading ideas for 29/07/2011

Trading ideas for 29/07/2011(Friday)

Nifty may find support at 5460-5475. Long can be tried with Strict SL. 5430

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-481	+228	-326	-24
FII Cash	+64
DII Cash	+409

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India VIX : 18.51 up by 0.26 points
Call OI : 25346900
Put OI : 25978600
PCR : 1.025
SMR : 18.06

5DEMA: 5553
10DEMA: 5572
20DEMA: 5572
50DEMA: 5565
RSI (15 days): 43.99

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5455	5474	5495	5510	5526

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5490	5565	5605	5677	5718

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The PCR for this new series is right now is just above 1 at 1.025. Nifty OI was up by 53.6 lacs mainly due to 100% roll over and huge addition of shorts to next series.

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For 29/07/11 NF may take support at 5460

Above 5460 NF may rally up to 5505

Below 5460 NF may correct up to 5430

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5520 and 5440 (use this projection with other indicators). Nifty future's immediate support now comes around 5460 zone. If sustains that zone then it will towards 5510 zone. Crossover and sustenance above 5510 will show buying to 5540 level itself. But if cannot sustain above 5460 level it will again retest 5430 and this time below 5430 a real free fall will be seen which may take Nifty future upto 5400 zone.

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OPTION DATA ANALYSIS

As per August OI Table put writing was seen from 5000 to 5500 while call writing was seen from 5400 to 5700. 

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Expected Bullish Stocks For 29/07/2011: ARVIND, MPHASIS, IGL, GTL, ITC.

Expected Bearish Stocks For 29/07/2011: JETAIRWAYS, TTKPRESTIG, BRFL, MUNDRAPORT.

Trading ideas for 28/07/2011

Trading ideas for 28/07/2011(Thursday)

Nifty took support at 50SMA but went below that once and looks very week without any buyers expect the buyers at the finish whch is almost intra short covering

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-665	+55	-700	+26
FII Cash	12
DII Cash	-0

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India VIX : 18.25 down by 1.05 points
Call OI : 47824450
Put OI : 42293850
PCR : 0.884
SMR : 20.64

5DEMA: 5586
10DEMA: 5591
20DEMA: 5581
50DEMA: 5571
RSI (15 days): 47.83

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5480	5510	5555	5575	5615

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5490	5560	5605	5675	5715

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Nifty Open Interest for July stands at 1,30,74,900 down by 23,88,500 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)

Bank Nifty Open Interest for July stands at 6,33,875 down by 1,62,950 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)

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For 28/07/11 NF may take support at 5530

Above 5530 NF may rally up to 5580

Below 5530 NF may correct up to 5470

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5580 and 5460 (use this projection with other indicators). Nifty future's immediate support now comes around 5520 zone. If sustains that zone then it will towards 5550 zone. Crossover and sustenance above 5550 will show buying to 5600 level itself. But if cannot sustain above 5520 level it will again retest 5490 and this time below 5490 a real free fall will be seen which may take Nifty future upto 5450 zone.

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OPTION DATA ANALYSIS

As per OI Table huge call writing was seen at 5500 and 5600 and profit booking was seen at 5500, 5600 and 5700 put. Last few days before the expiry option data changes much and may not give us the complete picture.

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Expected Bullish Stocks For 28/07/2011: ULTRACEMCO, CHAMBLFERT, GITANJALI, MPHASIS,SYNDIBANK.

Expected Bearish Stocks For 28/07/2011: OIL, IOB, BANKBARODA, GAIL, CHENNPETRO.

Trading ideas for 27/07/2011

Trading ideas for 27/07/2011(Wednesday)

After RBI news Bears took full control

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-311	+1909	-896	-14
FII Cash	-177
DII Cash	+31

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India VIX : 19.30 up by 0.10 points
Call OI : 45523150
Put OI : 46811250
PCR : 1.028
SMR : 18.77

5DEMA: 5606
10DEMA: 5600
20DEMA: 5584
50DEMA: 5575
RSI (15 days): 49.76

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5465	5522	5610	5665	5745

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5490	5565	5605	5670	5715

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• Nifty Open Interest for July stands at 1,54,63,400 down by 27,63,700 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)
• 
  
• Bank Nifty Open Interest for July stands at 7,96,825 down by 1,75,875 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)

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For 27/07/11 NF may take support at 5565

Above 5565 NF may rally up to 5605

Below 5565 NF may correct up to 5530

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5620 and 5530 (use this projection with other indicators). Nifty future's immediate support now comes around 5560 zone. If sustains that zone then it will towards 5610 zone. Crossover and sustenance above 5610 will show buying to 5630 level itself. But if cannot sustain above 5560 level it will again retest 5530 and this time below 5530 a real free fall will be seen which may take Nifty future upto 5490 zone.

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OPTION DATA ANALYSIS

As per OI Table bears took full control after RBI policy was published. 5500, 5600 and 5700 calls were covered and written while 5600 and 5700 put was written. The PCR is again back to 1.028 from the highs of 1.409 seen yesterday, which seems bearish. 

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Expected Bullish Stocks For 27/07/2011: INDIANB, ASIANPAINT, ADANIENT, ADANIPOWER, MUNDRAPORT.

Expected Bearish Stocks For 27/07/2011: INDUSINDBK, BHEL, MARUTI, JPASSOCIAT, RPOWER, ABB.

Trading ideas for 26/07/2011

Trading ideas for 26/07/2011(Tuesday)

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
+79	+552	-290	+5
FII Cash	+315
DII Cash	+224

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India VIX : 19.20 up by 1.29 points
Call OI : 40284100
Put OI : 56752500
PCR : 1.409
SMR : 13.63

5DEMA: 5621
10DEMA: 5606
20DEMA: 5585
50DEMA: 5575
RSI (15 days): 58.13
Parabolic SAR: 5701

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5580	5632	5665	5714	5744

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5495	5565	5605	5675	5715

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• Nifty Open Interest for July stands at 1,82,27,100 down by 13,68,550 with increase in price (100% Rolled Over and Huge Long Build-up in August Series)
• 
  
• Bank Nifty Open Interest for July stands at 9,72,700 up by 19,725 with increase in price (Long Buildup in July and August Series)

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For 26/07/11 NF may take support at 5660

Above 5660 NF may rally up to 5715

Below 5660 NF may correct up to 5640

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5740 and 5640 (use this projection with other indicators). Nifty future's immediate support now comes around 5660 zone. If sustains that zone then it will towards 5705 zone. Crossover and sustenance above 5705 will show buying to 5740 level itself. But if cannot sustain above 5660 level it will again retest 5640 and this time below 5640 a real free fall will be seen which may take Nifty future upto 5610 zone.

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OPTION DATA ANALYSIS

As per OI Table huge put writing was seen in 5600 and 5700 while 5700 call was also written. support for this series has moved to 5600 while 5700 is 50/50 chance and 5800 is a strong resistant.  
The PCR after seeing the low of 0.975 on Thursday, jumped to 1.409 which is bullish. Nifty OI was down by 13.69 lacs mainly due to 100% roll over and huge addition of longs to next series

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Expected Bullish Stocks For 26/07/2011: ORIENTBANK, ADANIPOWER, CESC, NEYVELILIG, TECHM, RCOM.

Expected Bearish Stocks For 26/07/2011: PATNI, ULTRACEMCO, BANKINDIA,.

Trading ideas for 25/07/2011

Trading ideas for 25/07/2011(Monday)

July Nifty expiry may be between 5700 and 5800

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
+641	+1762	+96	-4
FII Cash	+444
DII Cash	+243

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India VIX : 17.91 down by 0.84 points

Call OI : 42048900

Put OI : 51557450

PCR : 1.226

SMR : 14.61

5DEMA: 5571

10DEMA: 5580

20DEMA: 5569

50DEMA: 5569

RSI (15 days): 47.94

Parabolic SAR: 5708

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5540	5588	5614	5661	5690

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5490	5565	5605	5675	5715

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• Nifty Open Interest for July stands at 1,95,95,650 down by 10,46,350 with increase in price (100% Rolled Over and Huge Long Build-up in August Series)
• 
  
• Bank Nifty Open Interest for July stands at 9,52,975 down by 62,350 with increase in price (Short Covering)

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For 25/07/11 NF may take support at 5645

Above 5645 NF may rally up to 5770

Below 5645 NF may correct up to 5610

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5700 and 5600 (use this projection with other indicators). Nifty future's immediate support now comes around 5630 zone. If sustains that zone then it will towards 5670 zone. Crossover and sustenance above 5670 will show buying to 5710 level itself. But if cannot sustain above 5630 level it will again retest 5605 and this time below 5605 a real free fall will be seen which may take Nifty future upto 5580 zone.

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OPTION DATA ANALYSIS

Call Option 5400,5500,5600 and 5700 covered in huge amount of OI. Put Option 5500,5600 and 5700 added in huge amount of OI. Highest OI in Call option can be seen at 5800 at 1.07 Cr whereas Put option 5500 at 1.12 Crore .

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Expected Bullish Stocks For 25/07/2011:  UNIONBANK, BHARTIARTL, PRAJIND, CHAMBLFERT, UNIONBANK, ARVIND.

Expected Bearish Stocks For 25/07/2011: IBREALEST,IOC, BRFL.

Trading ideas for 22/07/2011

Trading ideas for 22/07/2011(Friday)

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-150	-125	-107	+19
FII Cash	-577
DII Cash	+408

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India VIX : 18.75 down by 0.36 points
Call OI : 49466950
Put OI : 48217450
PCR : 0.975
SMR : 19.24

5DEMA: 5571
10DEMA: 5580
20DEMA: 5569
50DEMA: 5569
RSI (15 days): 47.94
Parabolic SAR: 5708

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5505	5525	5552	5567	5596

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5420	5501	5555	5657	5735

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Nifty Open Interest for July stands at 2,06,42,000 down by 9,43,150 with decrease in price (Huge Long Liquidation)

Bank Nifty Open Interest for July stands at 10,15,325 down by 49,925 with decrease in price (Long Liquidation)

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For 22/07/11 NF may take support at 5530

Above 5530 NF may rally up to 5570

Below 5530 NF may correct up to 5490

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5580 and 5490 (use this projection with other indicators). Nifty future's immediate support now comes around 5530 zone. If sustains that zone then it will towards 5560 zone. Crossover and sustenance above 5560 will show buying to 5600 level itself. But if cannot sustain above 5530 level it will again retest 5490 and this time below 5490 a real free fall will be seen which may take Nifty future upto 5460 zone.

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OPTION DATA ANALYSIS

As per OI Table 5500, 5600,5700 and 5800 calls were written while still 5500 and 5400 put were also written and profit booking was seen in 5600 and 5700 puts. Range for the series was getting narrow each day  5490 to 5590. Still no unwinding is seen in 5500 put which is the only good news for bulls.

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Expected Bullish Stocks For 22/07/2011: NATIONALUM, HEROHONDA, SUZLON, IGL, .

Expected Bearish Stocks For 22/07/2011: BIOCON, YESBANK, GMRINFRA, JSWENERGY, EXIDEIND.

Trading ideas for 21/07/2011

Trading ideas for 21/07/2011(Thursday)

Nifty may have a pause here. Will change only a close below 5530 or above 5610. FII overall trend for july is net buyers and the series started above 5600.

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
+56	+90	-392	-12
FII Cash	-90
DII Cash	+20

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India VIX : 19.11 down by 0.14 points
Call OI : 47065200
Put OI : 49010700
PCR : 1.041
SMR : 18.35

5DEMA: 5585
10DEMA: 5588
20DEMA: 5572
50DEMA: 5568
RSI (15 days): 50.15
Parabolic SAR: 5713

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5495	5530	5585	5622	5678

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5415	5505	5576	5657	5734

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Nifty Open Interest for July stands at 2,15,85,150 up by 5,89,200 with decrease in price (Huge Short Buildup)


Bank Nifty Open Interest for July stands at 10,65,250 up by 50 with decrease in price (No Change in OI)

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For 21/07/11 NF may take support at 5560

Above 5560 NF may rally up to 5590

Below 5560 NF may correct up to 5520

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5600 and 5510 (use this projection with other indicators). Nifty future's immediate support now comes around 5550 zone. If sustains that zone then it will towards 5590 zone. Crossover and sustenance above 5590 will show buying to 5620 level itself. But if cannot sustain above 5550 level it will again retest 5520 and this time below 5520 a real free fall will be seen which may take Nifty future upto 5490 zone.

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OPTION DATA ANALYSIS

As per OI Table bears took full control from day open. Today they have started to write even 5500 call along with 5600 and 5700. unwinding of puts was seen in 5700, 5600 and in small quantity in 5500. Range for expiry looks 5480 to 5650. 5500 still looks strong support while 5700 is strong resistance and 5600 is still 50/50 chance with negative bias.

The PCR is at 1.04, down from 1.22 of yesterday which seems bearish. Nifty OI was up by 5.89 lacs mainly due to short build-up.Too much change is going on in the OI table on a daily basis and it’s becoming difficult taking call based on OI Table alone.

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Expected Bullish Stocks For 21/07/2011:ARVIND, GITANJALI, IRB, PRAJIND, PETRONET .

Expected Bearish Stocks For 21/07/2011: HAVELLS, LUPIN, CROMPGREAV, LICHSGFIN, INDHOTEL.