Trading ideas for 13/07/2011

Trading ideas for 13/07/2011(Wednesday)





Nifty drifting due to world market and bad Info results

---

FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-645	+1340	-376	-45
FII Cash	-969
DII Cash	+286

---

India VIX : 20.83 up by 1.14 points
Call OI : 39980650
Put OI : 43011250
PCR : 1.076
SMR : 19.36
Advance / Decline :

---

Intraday support and resistance:

S2	S1	Pivot	R1	R2
5460	5490	5530	5465	5610

---

Weekly support and resistance:

S2	S1	Pivot	R1	R2
5540	5605	5660	5720	5805

---

Nifty Open Interest for July stands at 2,27,09,750 up by 40,100 with decrease in price (Short Buildup)

Bank Nifty Open Interest for July stands at 9,90,600 up by 4,200 with decrease in price (Short Buildup)

---

For 13/07/11 NF may take support at 5530

Above 5530 NF may rally up to 5575

Below 5530 NF may correct up to 5480

---

NIFTY LEVELS

Nifty future's projected high and low for next session is 5580 and 5470 (use this projection with other indicators). Nifty future's immediate support now comes around 5530 zone. If sustains that zone then it will towards 5570 zone. Crossover and sustenance above 5570 will show buying to 5610 level itself. But if cannot sustain above 5530 level it will again retest 5480 and this time below 5480 a real free fall will be seen which may take Nifty future upto 5440 zone.

---

OPTION DATA ANALYSIS


As per OI Table huge call writing was seen in 5500 and 5600 call while 5500 and 5300 had put writing and 5600, 5700 and 5800 puts were covered.

---

Expected Bullish Stocks For 13/07/2011: FORTIS, HCC, DRREDDY, RELMEDIA.

Expected Bearish Stocks For 13/07/2011: TCS, JINDALSTEL, TATASTEEL, TATAMOTORS,INFY,

Will buy ICICI 1050 call above 33.5 .