Trading ideas for 18/07/2011

Trading ideas for 18/07/2011(Monday)

Nifty just holds above 50SMA

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Option
-187	+263	-206	+32
FII Cash	+73
DII Cash	-39

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India VIX : 19.95 down by 0.02 points
Call OI : 43004950
Put OI : 48305250
PCR : 1.123
SMR : 17.76

RSI (15 days): 53.35
Parabolic SAR: 5731

10DEMA-5594
20DEMA-5564
50DEMA-5548
200DEMA-5580

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5520	5555	5590	5615	5695

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5535	5605	5665	5715	5790

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Nifty Open Interest for July stands at 2,16,88,200 up by 1,12,800 with decrease in price (Short Buildup)

Bank Nifty Open Interest for July stands at 10,02,375 down by 30,500 with decrease in price (Long Liquidation)

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For 18/07/11 NF may take support at 5570

Above 5570 NF may rally up to 5615

Below 5570 NF may correct up to 5535

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5630 and 5530 (use this projection with other indicators). Nifty future's immediate support now comes around 5570 zone. If sustains that zone then it will towards 5610 zone. Crossover and sustenance above 5610 will show buying to 5650 level itself. But if cannot sustain above 5570 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 5700CE is right now a very strong resistance with 5800 may not be seen in this series. Whereas 5500PE which has the highest OI is right now the immediate super support with 5400 adding 3 lacs today. Range for this series as per Option Table now is back to 5480 - 5680 with 5565 as the Pivot.

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Expected Bullish Stocks For 18/07/2011: JETAIRWAYS, EXIDEIND, APOLLOTYRE, BRFL.

Expected Bearish Stocks For 18/07/2011: OFSS, ZEEL, MPHASIS, ZEEL.