Trading ideas for 27/07/2011

Trading ideas for 27/07/2011(Wednesday)

After RBI news Bears took full control

---

FII DERIVATIVES
Index Future	Index Option	Stock Future	Stock Index
-311	+1909	-896	-14
FII Cash	-177
DII Cash	+31

---

India VIX : 19.30 up by 0.10 points
Call OI : 45523150
Put OI : 46811250
PCR : 1.028
SMR : 18.77

5DEMA: 5606
10DEMA: 5600
20DEMA: 5584
50DEMA: 5575
RSI (15 days): 49.76

---

Intraday support and resistance:

S2	S1	Pivot	R1	R2
5465	5522	5610	5665	5745

---

Weekly support and resistance:

S2	S1	Pivot	R1	R2
5490	5565	5605	5670	5715

---

• Nifty Open Interest for July stands at 1,54,63,400 down by 27,63,700 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)
• 
  
• Bank Nifty Open Interest for July stands at 7,96,825 down by 1,75,875 with decrease in price (100% Rolled Over and Huge Short Build-up in August Series)

---

For 27/07/11 NF may take support at 5565

Above 5565 NF may rally up to 5605

Below 5565 NF may correct up to 5530

---

NIFTY LEVELS

Nifty future's projected high and low for next session is 5620 and 5530 (use this projection with other indicators). Nifty future's immediate support now comes around 5560 zone. If sustains that zone then it will towards 5610 zone. Crossover and sustenance above 5610 will show buying to 5630 level itself. But if cannot sustain above 5560 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.

---

OPTION DATA ANALYSIS

As per OI Table bears took full control after RBI policy was published. 5500, 5600 and 5700 calls were covered and written while 5600 and 5700 put was written. The PCR is again back to 1.028 from the highs of 1.409 seen yesterday, which seems bearish. 

---

Expected Bullish Stocks For 27/07/2011: INDIANB, ASIANPAINT, ADANIENT, ADANIPOWER, MUNDRAPORT.

Expected Bearish Stocks For 27/07/2011: INDUSINDBK, BHEL, MARUTI, JPASSOCIAT, RPOWER, ABB.