Sunday, July 3, 2011

Trading ideas for 04/07/2011

Trading ideas for 04/07/2011(Monday)


INTRA CALLS WILL BE IN COMMENT SECTION AFTER 11AM


Nifty got Resisted at 5700 but still looks lightly bullish but risky.


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CASH MARKET

FII +599
DII -455

FII DERIVATIVES

Index -133
Option +740
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India VIX : 18.21 down by 0.20 points
Call OI : 24515950
Put OI : 31878850
PCR : 1.30
SMR : 14.00 (Bullish but risky)
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1. Nifty Open Interest for July stands at 2,08,48,500 up by 75,050 with decrease in price (Small Short Buildup)


2. Bank Nifty Open Interest for July stands at 9,69,625 up by 44,900 with increase in price (Long Buildup)
MOST ACTIVE futures(July 2011) for BANKNIFTY closed at 11295.50 (Rs. 40.50 PREMIUM) with a turnover of Rs. 1113.27 Crores.

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For 04/07/11 NF may take support at 5630

Above 5630 NF may rally up to 5675

Below 5630 NF may correct up to 5590
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NIFTY LEVELS

Nifty future's projected high and low for next session is 5680 and 5580 (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 5560 zone.

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OPTION DATA ANALYSIS
5300 Put witnessed some huge writing and 5700 and 6000 calls witnessed some writing.

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Expected Bullish Stocks For 04/07/2011: RAYMOND, GTL, CENTURYTEX, DLF.

Expected Bearish Stocks For 04/07/2011: ABAN, NTPC, VOLTAS, VIDEOIND, RELIANCE .

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Posted by Justin at 12:19 PM

22 comments:

  1. JustinJuly 3, 2011 at 12:21 PM

    FII F&O data along with nifty open interest does not look good for bulls. if you are long hedging is better.
    Regards

    ReplyDelete
  2. JustinJuly 3, 2011 at 12:52 PM

    1. Planning to buy KSOil on monday for short term with 21.35 SL.

    2. Petronet looks good so will buy in the current price for short term with 134.2 SL

    ReplyDelete
  3. GANESH PLJuly 3, 2011 at 6:40 PM

    Hi Rishika,

    Any new nifty trade call for Monday and positional holding nifty call one for coming days....

    Thanks

    ReplyDelete
  4. JustinJuly 4, 2011 at 1:36 AM

    hi ganesh.

    intraday calls may be given after 10.30am.

    Regards

    ReplyDelete
  5. MechStarJuly 4, 2011 at 10:16 AM

    hey any fresh calls

    ReplyDelete
  6. JustinJuly 4, 2011 at 11:03 AM

    will sell nifty if breaks todays low and stays there for some time.

    Regards

    ReplyDelete
  7. JustinJuly 4, 2011 at 11:09 AM

    planning to short infosys.

    regards

    ReplyDelete
  8. MechStarJuly 4, 2011 at 11:15 AM

    plz try to give buy or sell calls on intraday basis
    Thanks

    ReplyDelete
  9. JustinJuly 4, 2011 at 11:31 AM

    Bought 5600 put at 77 with SL 85

    Regards

    ReplyDelete
  10. JustinJuly 4, 2011 at 11:48 AM

    sorry SL 67

    ReplyDelete
  11. JustinJuly 4, 2011 at 11:51 AM

    closing my put with small loss

    regards

    ReplyDelete
  12. JustinJuly 4, 2011 at 11:51 AM

    sorry

    ReplyDelete
  13. MechStarJuly 4, 2011 at 11:53 AM

    keep posting :)

    ReplyDelete
  14. JustinJuly 4, 2011 at 12:10 PM

    Bought bharati 380 call at 14.65.

    Regards

    ReplyDelete
  15. JustinJuly 4, 2011 at 12:11 PM

    Option trading is risky because the above call is not hedged.

    Regards

    ReplyDelete
  16. MechStarJuly 4, 2011 at 12:28 PM

    me only intraday cash :)

    ReplyDelete
  17. JustinJuly 4, 2011 at 12:36 PM

    yeap. cash trading is safe. both my long call given today are around 3% up.
    Regards

    ReplyDelete
  18. MechStarJuly 4, 2011 at 12:47 PM

    well i guess i must have missed it,came across your blog few days ago
    hopefully catch with you next time :)
    anyways thanks

    ReplyDelete
  19. KurumbukkaranJuly 4, 2011 at 1:38 PM

    your sugesstion's realy helpfull me.

    ReplyDelete
  20. JustinJuly 4, 2011 at 1:46 PM

    buy REC OVER 201.3 SL 198.4 TGT 203.5

    ReplyDelete
  21. JustinJuly 4, 2011 at 2:49 PM

    shorted rcom at 101 SL 102.8

    ReplyDelete
  22. JustinJuly 4, 2011 at 3:17 PM

    bought TCS 1200 call at 32
    Regards

    ReplyDelete

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