Thursday, September 16, 2010

EOD Report
Indices ended mixed with nifty in negative and banknifty in positive. It is perfectly ok for nifty to consolidate the gains after a good breakout to moveup further. How far it will retrace the gains will give the clue to further upmoves. Even if it corrects tomorrow, still it will close positive for the week, for the positive momentum to continue next week.
Today's volatility gave very good opportunity for our levels to be traded with handsome gains.

Levels given today

NIFTY SPOT 5860.95
SENSEX SPOT 19497.13
BANKNIFTY SPOT 11987.6

NIFTY
Buy Above/SL 5904/19615 Target 5939/19712
SAR/Sell Below 5882/19555 Target 5839---5822/19438---19385
Sell Below/SL 5818/19379 Target 5782/19281
SAR/Buy Above 5840/19439 Target 5882--5899/19555---19609

BANK NIFTY
Buy Above/SL 12046 Target 12093
SAR/Sell Below 12016 Target 11958---11935
Sell Below/SL 11929 Target 11882
SAR/Buy Above 11959 Target 12016---12040

Trade Diary for the Day : [Refer trading rules]

09.05 am Sold Nifty at 5868 [sensex trig. its sell at 19555]
11.05 am keeping a stoploss of 5848 [20 points]
11.08 am stoploss trig. at 5848 ; Bought Nifty at 5848
Plus 20 Points [1lot]-- no position now;
11.58 am Bought one Nifty at 5840[1lot];
Due to high volatility, we will wait for another entry at a suitable point;
12.05 pm Bought Nifty at 5822[1lot];
12.24 pm Nifty sold at 5847[25 points level];
Plus 25 points[1lot] ; 1 lot still holding;
12.43 pm Sensex achieved the target; Sold Nifty at 5875[1lot];
Plus 35 Points[1lot]---no position now;
1.16 pm Bought one Nifty at 5892 [keeping 5882 as stoploss]
1.49 pm Stoploss triggered and Nifty sold at 5882;
Minus 10 Points [1lot]---- [No position now]
1.49 pm Sold Nifty at 5882
2.06 pm Sold Nifty at 5873 [1 lot][ sensex trig 19555]----- 2 lots short now;
2.34 pm keep sl of 5862;
2.35 pm keep sl of 5857;
2.37 pm Bought one lot at 5848 [25 points level for the second lot]---
Plus 25 Points [1lot]--- one lot still long holding.
2.46 pm Bought Nifty at 5845
Plus 37 Points [1 lot]
Net for the day:-----------------------Gain of 132 Points [6 trades]
Net for September:------------------- Gain of 426 Points [32 trades]
---------------------------------------------------------------
09.18 am Sold Banknifty at 12016 [2lots]
09.21 am SL trig. and Bought 3 lots at 12046
Minus 60 Points [2lots]---one lot long now; we will wait for another entry if BN comes down;
09.23 am Sold Banknifty at 12093[target achieved]
Plus 47 Points[one lot]; No position now;
11.05 Banknifty sell trig. now;
11.21 Sold Banknifty at 12027[2lots]
11.52 stoploss trig at 12046
11.56 Bought Banknifty at 12032
Minus 10 Points[2lots]
12.03 Sold Banknifty at 12016[1lot]
12.06 keep 11966 stoploss[50 points]; Bought at 11966;
Plus 50 points[1 lot];[no position now;]
12.19 pm Bought banknifty at 12046[2lots];
12.33 pm keep stoploss at the target 12093 and ride the trend;
12.34 pm keep sl at 12113;keep sl at 12126;
12.38 pm stoploss triggered at 12126;one lot sold at 12126;[1 lot holding now]
Plus 80 Points[1lot] ;
1.09 pm keep trailing stoploss 12200 for the other lot;
1.18 pm Sold another lot at 12200;
Plus 154 Points[1lot];---No position now;
3.08 pm Nifty trig. its sell at 5818; but we have closed for the day due to timefactor.
Net for the day:-------------------Plus 261 Points [ 8 trades]
Net for September-----------------Plus 1150 Points [34 trades]

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