For 27-08-2010, Friday

Though Nifty closed in positive, the movement during the day was narrow inspite of derivatives expiry. Nifty managed to close above 20dema again. Last week, Nifty closed at 5530.65. Can it attempt to close above it? Let us see.

NIFTY SPOT5477.9

SENSEX SPOT18226.35

BANKNIFTY SPOT10981.7

NIFTY

Buy Above/SL 5496/18283 Target 5510/18328
SAR/Sell Below 5486/18254 Target ---------------------
Sell Below/SL -------------- Target ----------------------
SAR/Buy Above ------------ Target ----------------------

BANK NIFTY

Buy Above/SL 11037 Target 11082
SAR/Sell Below 11009 Target --------------------------
Sell Below/SL -------- Target -------------------------
SAR/Buy Above ------ Target ----------------------------