Trading ideas for 20/07/2011

Trading ideas for 20/07/2011(Wedsday)

Nifty next resistance will be around 5700. Above 5705 in spot all Daily TA will give buy. Until then nifty will find selling pressure around 5700. 

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-874	-331	-19	12
FII Cash	+293
DII Cash	-226

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India VIX : 19.25 down by 0.95 points
Call OI : 42435850
Put OI : 51767450
PCR : 1.220
SMR : 15.78

5DEMA: 5590
10DEMA: 5595
20DEMA: 5570
50DEMA: 5556
RSI (15 days): 54.43
Parabolic SAR: 5717

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5525	5570	5605	5640	5665

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5418	5505	5575	5658	5732

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Nifty Open Interest for July stands at 2,09,95,950 down by 1,86,400 with increase in price (Huge Short Covering)


Bank Nifty Open Interest for July stands at 10,65,200 up by 33,750 with increase in price (Long Buildup)

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For 20/07/11 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 5590 (use this projection with other indicators). Nifty future's immediate support now comes around 5620 zone. If sustains that zone then it will towards 5660 zone. Crossover and sustenance above 5660 will show buying to 5710 level itself. But if cannot sustain above 5620 level it will again retest 5590 and this time below 5590 a real free fall will be seen which may take Nifty future upto 5560 zone.

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OPTION DATA ANALYSIS

As per OI Table put writing was seen from 5400 to 5700 while calls options were covered from 5400 to 5600 and 5800 call was written. 5600 is still 50/50 with positive bias. now close to 5700 there will be resistance.
Range for this series as per Option Table is 5490 - 5690 with 5600 as the Pivot.

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Expected Bullish Stocks For 20/07/2011:VIPIND, JUBLFOOD, BFUTILITIE, SESAGOA, TITAN, TVSMOTOR, MUNDRAPORT, NATIONALUM .

Expected Bearish Stocks For 20/07/2011:CROMPGREAV, COLPAL, WIPRO, GTL, NAGARFERT, BEML .