For 06-08-2010

The weekly trend may not be affected yet as the last week close was at 5368 and nifty may not close below 5368 on friday. 5day ema at 5439 and the low on thursday 5443 are the levels to watch. Any close below 5439 will impart weakness in daily charts.

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Total Nifty points gained this August month sofar[ 4 days ] -----222 points [2 lots]
Total Bank Nifty point gained this month [ 1 day ] ------62 points [1 lot]

NIFTY SPOT 5447.1
SENSEX SPOT 18172.83
BANKNIFTY SPOT 10454.9

NIFTY

Buy Above/SL 5472 Target 5491
SAR/Sell Below 5459 Target 5435-5420

Sell Below/SL 5422 Target 5403
SAR/Buy Above 5435 Target 5459---5470

BANK NIFTY

Buy Above/SL 10509 Target 10553
SAR/Sell Below 10478 Target 10427---10405

Sell Below/SL 10400 Target 10356
SAR/Buy Above 10427 Target 10482---10501