"TRADING IDEA FOR THURSDAY (28.07.2011)"

The BSE Sensex fell 85.97 points or 0.46% to 18,432.25, its lowest closing level since 12 July 2011. The Sensex rose 60.33 points at the day's high of 18,578.55 in early trade. The index fell 159.46 points at the day's low of 18,358.76 in afternoon trade. The S&P CNX Nifty fell 28.05 points or 0.50% to 5,546.80, its lowest closing level since 21 July 2011. The Nifty hit a low of 5,521.50 in intraday trade, its lowest level since 12 July 2011. The BSE Mid-Cap index was up 0.23% and the BSE Small-Cap index was up 0.03%. Both these indices outperformed the Sensex.
The market breadth was negative. On BSE, 1,498 shares declined and 1,345 shares advanced and a total of 140 shares remained unchanged. The breadth was positive earlier in the day. From the 30 share Sensex pack, 20 stocks fell and the rest rose.
FOR TODAY: BEING THE EXPIRY DAY AND ROLL-OVER FOR NEXT SERIES, MARKET WILL BE VOLATILE. IF YOU ARE QUICK ENOUGH AND ABLE TO TAKE YOUR OWN DECISION WITHIN A SECOND, TRADE....OTHERWISE, AVOID TRADING TODAY.
WATCH 5524/5495-5500/5480/5460 ON THE DOWNSIDE. ON THE UPSIDE, WATCH SOME RECOVERY UPTO 5567/5589/5604/5620 ON INTRADAY BASIS. THE TRADING RANGE PROBABLY BETWEEN 5480-5630 FOR TODAY.
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