Result for 06-08-2010
Another good profitable day as Nifty could not cross our spot level of 5472 and achieved out down target 5435.

Sold nifty [2 lots] at 5459 spot ---------9.22 am
Bought nifty [2 lots] at 5435 spot ------- 2.50 pm

Gain of 48 points [2lots]
Net Gain for the month of August [ 5 Days] ---- 270 Points [2lots]



Sold Banknifty at 10399 spot ------ 2.42pm
Bought Banknifty at 10399 spot ---- 3.26 pm

Gain of Zero points.
Net Gain for the month of August [2 days] ---- 62 points

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

Result for 5-08-2010
Another good profitable day inspite of rangebound movement for most part of the day. Nifty is closing weak and time to be cautious in all longs.

9.10 am: Sold 2 lots Nifty at 5482 spot
2. 58 pm: Bought 2 lots Nifty at 5453
Gain of 58 points [2 lots]

Bank nifty sold at 10520 spot --- 9.42 am
Bank nifty target reached at 10458 --- 2.53pm
Gain of 62 points [for 1 lot]

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]

For 05-08-2010

Nifty points carried forward in August ----- Plus 164

It was a good day yesterday with good gains on our intraday trade levels though nifty was rangebound for just 20 points till 3pm and then brokeout on the upside. Nifty's positive closing will help it moving towards the psychological 5500 mark and cross it. But still it has not closed above the previous high of 5477 and so caution is advised in Longs with strict stoplosses. Close above the magic number 5555 in the coming days could put nifty on a further good upmove. Intraday breaking 5450-5445 is an early sign of weakness. Trade as per the levels given.

NIFTY SPOT 5467.85
SENSEX SPOT 18217.44
BANKNIFTY SPOT 10489.3

NIFTY

Buy Above/SL 5498 Target 5521
SAR/Sell Below 5482 Target 5453-5435

Sell Below/SL 5438 Target 5413,5395
SAR/Buy Above 5454 Target 5483---5495

BANK NIFTY

Buy Above/SL 10552 Target 10603
SAR/Sell Below 10520 Target 10458---10420

Sell Below/SL 10427 Target 10375
SAR/Buy Above 10460 Target 10520---10545

Result for 4-08-2010


Net points for the day Plus 154
Net points for the month of AUGUST Plus 164

Nifty didn't break 5421 but again from the low of 5428
crossed 5431 and touched 5448 and went to 5452.
Again a Gain of 34 points. [2 lots]

Net --------138 points [2 lots]

3.01 pm : Bought 2 lots at 5457 spot
3.18 pm Sold 2 lots at 5472 spot
Gain of 30 points
Net ---- Plus 160 points [2lots]

3.19 pm. Bought 2 lots at 5474 spot with sl 5458
3.28 pm Sold 2 lots at 5471.
Loss of 6 points
Net ---- Plus 154 points. [2 lots]

Result for 4-8-2010

09.02 am : Sold at 5448
10.00 am : Bought one lot at 5430 and another 5431.
Gain of 35 points [ 2 lots ]
10.00 am: Bought 2 lots at 5431
12.20 pm: Sold 2 lots at 5448
Gain of 34 points [2 lots]
12.31 pm: Sold 2 lots at 5448
02.08 pm: Bought one lot at 5430 and another at 5431
Gain of 35 points [2 lots]
Net ---- Plus 104 points
Now waiting for nifty to break 5421.

For 04-08-2010

NIFTY spot 5439.55
SENSEX spot 18114.83

All Spot Levels

Buy above 5457 [SAR/SL 5448] target 5472
Buy above 5474 [SL 5458 ] target 5491

Sell below 5448[SL 5458] target 5430 ----5422



Sell below 5421[SAR/SL 5431 ] target 5405
Buy above 5431 [SL5421] target 5448---5456

Result for 3-8-2010

The actual movement was between 5445 and 5426, just 19 points. We were dot on at 5445 but the target was not reached.

9.02 am : Sold at 5445 spot when is BSE 18134. target 18028 - 17980 and SL 18188.
3.28 pm : Bought at 5440 spotwhen BSE is 18120. Gain of just 5 points throughout the day.

Net points ----- plus 10 points [for 2 lots]

For 03-08-2010

Positional nifty shorts can be taken with today's SAR 5480 as stoploss

NIFTY SPOT 5408.9
SENSEX SPOT 17992
Yesterday's low of 5351 was not actually traded but punched. So today, follow BSE levels to enter trade in Nifty index though Nifty levels are also given.

Buy Above/SL 5480/18188
Target 5519/18275
SAR/Sell Below 5455/18134
Target 5407-5385/18028-17980

Sell Below/SL 5383/17975
Target 5344/17888
SAR/Buy Above 5407/18030
Target 5455-5475/18134-18180

Result for 2-8-10
Due to gapup opening of 40 points, no trade could be entered and nifty during intraday correction came to 5406 spot only and but achieved the target of 5431. This month first day, no trade was done.

For 02-08-2010

Nifty has closed below 20 day ema at 5369 and 5 day ema at 5397. Nifty will face resistance around 5400 on the upmove and then around 5435. Positional shorts can be taken on the upmove with SL 5475.

This week Nifty could face support around 4300. Weekly Nifty close below 4300 is a negative sign in the short term and Nifty has to close above 4425 this week to continue bullishness.

NIFTY SPOT 5367.6
SENSEX SPOT 17868.29

Buy Above/SL 5403/17962
Target 5431/18030
SAR/Sell Below 5383/18022
Target 5349-5334/17825 -17790

Sell Below/SL 5331/17775
Target 5303/17705
SAR/Buy Above 5350/17825
Target 5383-5399/17908-17945