Friday, August 13, 2010

End of the Day Report

Market today reversed its short term negative and closed in the positive, closing above 5dema [5441] and last week close[5439]. Barring one last hurdle at the previous high of 5491, Nifty can march into the territory of 5500 to touch 5515 and the magic 5555. So far, market has not closed below the 20d ema which should be watched in case of any down movement in the coming week.

Intraday Levels given today:

Buy Above/SL 5449/18184Target 5475/18274
SAR/Sell Below 5432/18128 Target 5400-5387/18019--17975
Sell Below/SL 5384/17964 Target 5357/17873
SAR/Buy Above 5401/18020 Target 5432---5445/18128--18175

Buy Above/SL 10752 Target 10898
SAR/Sell Below 10665 Target 10499---10430
Sell Below/SL 10415 Target 10269, 10235
SAR/Buy Above 10500 Target 10667---10735

Trade Diary for 13-8-2010

9.25 am Nifty crossed 5449 but Sensex has not crossed no trade yet.
11.15 a.m. Bought 2 lots Nifty at 5449
1.00 p.m Sold 2 lots Nifty at 5475 [Target Achieved]
Net for the day ---------------- Plus 52 Points [2lots]
Net for August Month [10 days] -----Gain of 395 Points [2lots]
Bank Nifty bought at 10752 spot in the morning was closed at 10725 spot in the afternoon with a loss of 27 points.
Net for August Month [7 days] --------------Plus 350 points [1lot]

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