"TRADING IDEA FOR TUESDAY (26.04.2011)"

FIIs were net sellers with the tune of ` 377.59 crore (prov. cash market fig).

The BSE 30-share Sensex was down 17.92 points or 0.09% at 19,584.31. The index gained 95.26 points at the day's high of 19,697.49 in morning trade, its highest level since 15 April 2011. The Sensex fell 70.89 points at the day's low of 19,531.34 in early trade. The S&P CNX Nifty was down 10.20 points or 0.17% to 5,874.50. The Nifty hit high of 5,906.60 in morning trade. The BSE Mid-Cap index rose 0.09% and the BSE Small-Cap index gained 0.24%. Both these indices outperformed the Sensex.

The market breadth was negative. On BSE, 1565 shares declined while 1351 shares advanced and a total of 91 shares remained unchanged. The breadth was positive earlier in the day. Among the 30-member Sensex pack, 18 declined while the rest advanced.

BSE clocked turnover of ` 2719 crore, lower than ` 3636.83 crore on Thursday, 21 April 2011.

FOR DETAILS, “READ HERE”.

:: "READ VIEWS FROM DIFFERENT BROKING HOUSES HERE" ::

FNO DATA:

• Nifty Call options of strike 5900 added open interest by 25894 lots while Put options of strike 5500 shed open interest by 7954 lots.
• Nifty Put Call ratio stands at 1.40 with the total open interest in Call options at 1,273,483 lots and that in Put options at 1,782,761 lots.
• Volatility Index rose by 1.95% from 20.51 to 20.91.

FOR TODAY: EU as well as US markets were closed mixed but on negative bias. All Asian markets except Taiwan are trading negative. SGX Nifty is trading at 5878, just 1.50 points up (at 8.30 a.m.).
TODAY WATCH NIFTY FUTURE AT 5850 LEVEL. IF HOLDS, WE MAY SEE 5900/5930 AND IN CASE, IT BREACHES 5850 LEVEL, WE MAY SEE 5820/5800 LEVEL ON THE DOWNSIDE. TRADE WITH PROPER STOPLOSS ONLY.

.... "MORE CALLS"....