"TRADING IDEA FOR WEDNESDAY (06.04.2011)"

FIIs were net buyers with the tune of ` 723.29 crore (prov. cash market fig).
The BSE 30-share Sensex was down 14.91 points or 0.08% to 19,686.82. The Sensex fell 178.19 points at the day's low of 19,523.54 in afternoon trade. The index gained 68.48 points at the day's high of 19,770.21 at the onset of the trading session, its highest level since 7 January 2011. The S&P CNX Nifty was up 1.60 points or 0.03% to 5,910.05, its highest level since 6 January 2011. The Nifty struck a high of 5,928.65 in early trade. The BSE Mid-Cap index rose 0.79% and the BSE Small-Cap index rose 1.38%. Both these indices outperformed the Sensex.
The market breadth was strong. On BSE, 2,009 shares advanced while 931 shares declined and a total of 74 shares remained unchanged. Among the 30-member Sensex pack, 18 declined while the rest of them gained.
The total turnover on BSE amounted to ` 3681 crore, higher than ` 3212.45 crore on Monday, 4 April 2011.
FOR DETAILS, "READ HERE".
FNO DATA:
  • Nifty was under some pressure during the day but managed to give a pull back and close near flat. It is likely to consolidate in the range of 5700 and 5970 in the next few days
  • Nifty Call options of strike 5900 added open interest by 33506 lots while Put options of strike 5700 had a build up of 12220 lots
  • Nifty Put Call ratio stands at 1.41 with the total open interest in Call options at 977,953 lots and that in Put options at 1,380,098 lots
  • Volatility Index (VIX) fell by 0.80% from 20.06 to 19.90
FOR TODAY: EU markets closed flat and with negative bias. US markets closed flat. Asian markets are trading mixed. SGX Nifty is trading around 5942.50, up 16.50 at 8.20 a.m. Bent crude trading nearly 2.5 year high.
TODAY WATCH 5950 AND 6000 ON THE UPSIDE.
SAME VIEWS AS YESTERDAY......... "WATCH 5990-95 (NF) ON THE UPSIDE AND SHORT NIFTY FUTURE WITHOUT ANY HESITATION WITH A STOPLOSS OF 6011". ..   MORE CALLS
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"