Trading ideas for 19/07/2011

Trading ideas for 19/07/2011(Tuesday)

Break of 5540 or 5605 will give further direction

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
+151	-174	-144	+17
FII Cash	-93
DII Cash	+163

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India VIX : 20.20 up by 0.25 points
Call OI : 43321700
Put OI : 49726500
PCR : 1.148
SMR : 17.60

5DEMA: 5584
10DEMA: 5588
20DEMA: 5568
50DEMA: 5556

NF VIX Range: 5517 - 5629

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5525	5545	5565	5590	5615

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5415	5505	5575	5660	5715

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Nifty Open Interest for July stands at 2,11,82,350 down by 5,05,850 with decrease in price (Long Liquidation)

Bank Nifty Open Interest for July stands at 10,31,450 up by 29,075 with decrease in price (Short Buildup)

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For 19/07/11 NF may take support at 5560

Above 5560 NF may rally up to 5605

Below 5560 NF may correct up to 5530

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5620 and 5540 (use this projection with other indicators). Nifty future's immediate support now comes around 5550 zone. If sustains that zone then it will towards 5605 zone. Crossover and sustenance above 5605 will show buying to 5650 level itself. But if cannot sustain above 5550 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 put writing was seen at 5400, 5500 and 5600 while call writing was seen at 5600 and 5700. OI does not look like going below 5500 while 5600 is still 50/50 chance and 5700 will be a resistance until we see 5500 put unwinding happening its still buy on dips.

Nifty is still holding on while most world market are falling down means it does not want to fall down.

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Expected Bullish Stocks For 19/07/2011:APIL, BIOCON, ORBITCORP, HEXAWARE, COLPAL .

Expected Bearish Stocks For 19/07/2011: ZEEL, IDEA, LUPIN, ABAN.