Break of 5670 or 5615 is needed for direction.
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CASH MARKET
FII +220
DII -80
FII DERIVATIVES
Index +10
Option +71
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India VIX : 18.34 up by 0.09 points
Call OI : 29576200
Put OI : 37994400
PCR : 1.28
SMR : 14.28 (Neutral
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Nifty Open Interest for July stands at 2,16,74,400 up by 1,01,700 with decrease in price (Short Buildup)
Bank Nifty Open Interest for July stands at 10,62,175 down by 10,025 with decrease in price (Long Liquidation)
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For 07/07/11 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
5500 put witnessed some nice writing while 5700 call had some writing. Support comes now at 5500 and resistance at 5700. not much significant change.
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Expected Bullish Stocks For 07/07/2011: GMDCLTD, BIOCON, SUZLON, BIOCON, BATAINDIA, NATIONALUM.
Expected Bearish Stocks For 07/07/2011: GESHIP, DRREDDY, DISHTV .
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1. Buy Zyduswell above 720.1 for target of 784.5 SL 704 (5 days)
ReplyDelete2.Buy Nesco above 656.2 for target of 731.7 SL 627 (5 Days)
GM Rishika..
ReplyDeletegood morning ganesh
ReplyDeletei closed my reliance 860 call at 28 bought at 22.
ReplyDeleteRegards
even if any one is carrying nifty long taken at 5644 yesterday i am booking out.
ReplyDeleteregards
I have taken nifty long yesterday at 5641. Shouldn't we proceed with trailing stop loss? Mine is 5681
ReplyDeletebooking out my bharti airtel 860 call taken at 14 now at 20
ReplyDeleteregaards
u can with a TSL. 5700 has Res and we had a nice sell of a few days back when it reached 5705 and i need some more funds to do new trade. so only i closed a few longs.
ReplyDeleteregards
i have also closed my nesco its more than 3% up now and went to almost 5%up today given in the morning.
ReplyDeleteregards
closing my Zyduswell which is also given in the morning which is almost 4%up.
ReplyDeleteregards
How many stock do you track at a moment?. I am seeing bunch of them
ReplyDeletestill holding TCS, JPasso, RPower
ReplyDeleteand some more short term stocks.
ReplyDeleteHi mam
ReplyDeleteWhat is your view on NIFTY now.
5705 have RES. so i booked at that level. but for short term on seeing this FII data market may not fall much. few days back 5610 zone gave good support now 5660 zone may give. so shortly i am little bullish.
ReplyDeleteRegards
nifty again looks ready to break the res.
ReplyDeletei may buy nifty if it breaks todays high.
ReplyDeleteregards
i may buy icici put if it goes another 10 points from here.
ReplyDeletemarket still holding well. so i cancelled to buy icici put.
ReplyDeletebought icici call at 24.
ReplyDeletenote: option trading involves huge risk.
regards
Can I buy 5800 CE now ?
ReplyDeletei may book nifty long and icici call which were bought today.
ReplyDeleteregards
i have booked nifty, icici call and tcs call all in profit.
ReplyDeleteregards
not really. day is getting over and tomorrow is friday. i really do not have anything to suggest now. 5800 call had some good writing going on while 5600 and 5700 call too had writing.
ReplyDeletesorry if i am confusing.
shorts are been covered above 5720. nice day.
ReplyDeletesee you tomorrow.
Regards
biradar
ReplyDeletehope u made some nice profit in 5900 call. sorry if i have confused u yesterday when u asked about averaging.
Hello.
ReplyDeleteI exited the 5900 CE @21.I missed the rally.
It is okay.. you have said it correctly.
I play nifty options only less than 2000 rupees.I can afford to loose max of 2000 rs in worst case.
I took 6000 call @15.Since I have only 1000 rupees.
Let see If I can get something here.