Trading ideas for 11/07/2011

Trading ideas for 11/07/2011(Monday)

Finally nifty got resisted with negative divergence and for the first time huge calls are been witten

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Option
-562	+886	-698	+779
FII Cash	+517
DII Cash	-389

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India VIX : 18.67 up by 0.05 points
Call OI : 35302250
Put OI : 43848700
PCR : 1.242
SMR : 15.03
Advance / Decline : 352 / 829

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5594	5627	5684	5716	5773

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5317	5472	5589	5743	5860

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Nifty Open Interest for July stands at 2,24,52,200 down by 1,45,850 with decrease in price (Long Liquidation)

Bank Nifty Open Interest for July stands at 10,19,250 down by 11,175 with decrease in price (Long Liquidation)

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

Above 5660 NF may rally up to 5700

Below 5660 NF may correct up to 5630

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5710 and 5620 (use this projection with other indicators). Nifty future's immediate support now comes around 5660 zone. If sustains that zone then it will towards 5700 zone. Crossover and sustenance above 5700 will show buying to 5740 level itself. But if cannot sustain above 5660 level it will again retest 5630 and this time below 5630 a real free fall will be seen which may take Nifty future upto 5590 zone.

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OPTION DATA ANALYSIS


As per OI Table huge call options are written in 5700 and 5800 while 5500 and 5400 put options too got written.Now 5700 will act as Resistance and support comes only around 5500. 5600 is still 50/50 chance.

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Expected Bullish Stocks For 11/07/2011 : SIEMENS, HCC, PUNJLLOYD, CHENNPETRO, DCB .

Expected Bearish Stocks For 11/07/2011: SESAGOA, HINDZINC, TCS, TVSMOTOR, IBREALEST, OIL, CENTRALBK.