Trading ideas for 26/07/2011

Trading ideas for 26/07/2011(Tuesday)

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FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
+79	+552	-290	+5
FII Cash	+315
DII Cash	+224

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India VIX : 19.20 up by 1.29 points
Call OI : 40284100
Put OI : 56752500
PCR : 1.409
SMR : 13.63

5DEMA: 5621
10DEMA: 5606
20DEMA: 5585
50DEMA: 5575
RSI (15 days): 58.13
Parabolic SAR: 5701

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Intraday support and resistance:

S2	S1	Pivot	R1	R2
5580	5632	5665	5714	5744

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Weekly support and resistance:

S2	S1	Pivot	R1	R2
5495	5565	5605	5675	5715

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• Nifty Open Interest for July stands at 1,82,27,100 down by 13,68,550 with increase in price (100% Rolled Over and Huge Long Build-up in August Series)
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• Bank Nifty Open Interest for July stands at 9,72,700 up by 19,725 with increase in price (Long Buildup in July and August Series)

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For 26/07/11 NF may take support at 5660

Above 5660 NF may rally up to 5715

Below 5660 NF may correct up to 5640

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NIFTY LEVELS

Nifty future's projected high and low for next session is 5740 and 5640 (use this projection with other indicators). Nifty future's immediate support now comes around 5660 zone. If sustains that zone then it will towards 5705 zone. Crossover and sustenance above 5705 will show buying to 5740 level itself. But if cannot sustain above 5660 level it will again retest 5640 and this time below 5640 a real free fall will be seen which may take Nifty future upto 5610 zone.

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OPTION DATA ANALYSIS

As per OI Table huge put writing was seen in 5600 and 5700 while 5700 call was also written. support for this series has moved to 5600 while 5700 is 50/50 chance and 5800 is a strong resistant.  
The PCR after seeing the low of 0.975 on Thursday, jumped to 1.409 which is bullish. Nifty OI was down by 13.69 lacs mainly due to 100% roll over and huge addition of longs to next series

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Expected Bullish Stocks For 26/07/2011: ORIENTBANK, ADANIPOWER, CESC, NEYVELILIG, TECHM, RCOM.

Expected Bearish Stocks For 26/07/2011: PATNI, ULTRACEMCO, BANKINDIA,.