For 23-08-2010, Monday

This week, if Nifty breaks out the last week high, it will travel towards 5572 and above. If it fails to sustain above 5572, then, a travel towards 5490--5448 is a possibility below which index will show weakness. We can trade the above band.

NIFTY SPOT 5530.65

SENSEX SPOT 18401.82

BANKNIFTY SPOT 11033.75

NIFTY

Buy Above/SL 5549/18459 Target 5567/18505
SAR/Sell Below 5539/18430 Target ------------------------
Sell Below/SL ---------- Target ----------------------------
SAR/Buy Above --------- Target -----------------------------------

BANK NIFTY

Buy Above/SL 11089 Target 11143
SAR/Sell Below 11061 Target -----------------------
Sell Below/SL ----------- Target --------------------
SAR/Buy Above ----------- Target --------------------