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:

NIFTY
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

BANK NIFTY
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 18184.so 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]

For 13-08-2010 Friday

End of the Day Report

Though today Nifty opened lower in line with Asian markets, it quickly recovered and during mid-day thanks to Banknifty[especially SBI result], it went up and closed mildly negative [to confuse, Sensex closed mildly positive] but somehow managed to close above 20dema at 5414. Nifty may face resistance around 5dema at 5435 and if managed to close above that, then, the trend will turn positive again. But close tomorrow below weekly ema 5384, could accelerate the fall. Let us trade as per our levels.

Intraday levels for 13-08-2010

NIFTY SPOT 5416.45
SENSEX SPOT 18073.9
BANKNIFTY SPOT 10583.65

NIFTY
Buy Above/SL 5449/18184Target 5475/18274
SAR/Sell Below 5432/18128 Target xxxx-xxxx/xxxxx--xxxxx
Sell Below/SL xxxx/xxxxx Target xxxx/xxxxx
SAR/Buy Above xxxx/xxxxx Target xxxx---xxxx/xxxxx--xxxxx

BANK NIFTY
Buy Above/SL 10752 Target 10898
SAR/Sell Below 10665 Target xxxxx---xxxxx
Sell Below/SL xxxxx Target xxxxx
SAR/Buy Above xxxxx Target xxxxx---xxxxxx

Intraday Trading Levels given today:
NIFTY
Buy Above/SL 5456/18192Target 5483/18291
SAR/Sell Below 5437/18129 Target 5403-5390/18009--17960
Sell Below/SL 5386/17948 Target 5358/17849
SAR/Buy Above 5404/18010 Target 5437---5450/18129--18179

BANK NIFTY
Buy Above/SL 10514 Target 10582
SAR/Sell Below 10470 Target 10386---10350
Sell Below/SL 10344 Target 10274
SAR/Buy Above 10387 Target 10470---10505

BANK NIFTY
9.04 am : Bank Nifty bought at 10387 spot
12.43 pm : Bank Nifty target achieved at 10470
Gain of 83 Points
12.45 pm : Sold Bank Nifty at 10470
01.05 pm: SL triggered at 10514
Minus 44 Points
1.05 pm : Bought Bank Nifty at 10514
1.20 pm : Sold Bank Nifty at 10582 [Target Achieved]
Gain of 68 points
Net for the day ---------------------- Gain of 107 Points
Net for August Month [6 days] ------ Gain of 377 Points [1 lot]
NIFTY
12.55 pm : Bought 2 lots Nifty at spot 5404
3.15 pm : Sold 2 lots Nifty at spot 5419
Net Gain for the day ---------------------- 30 Points
Net for August month[9 days] ------------ Gain of 343 Points [2 lots]

TRADING RETURNS AS ON 12-08-2010

Nifty on 26-07-2010 [EOD] ------- 5418.6 [when we started our intraday levels]
Nifty on 12-08-2010 [EOD] ------- 5416.45
Nifty Returns ---------------------- Minus 2 Points
Nifty Trading Returns --------------Plus 172 Points [1lot]
--------------------------------------------------------
Bank Nifty on 04-08-2010[EOD] ---10489.3 [when we started our intraday levels]
Bank Nifty on 12-08-2010[EOD] ----10583.65
Bank Nifty Returns -----------------Plus 94 Points
Bank Nifty Trading Returns -------- Plus 377 Points [1lot]

For 12-08-2010

With the world markets down, Nifty is poised to open lower and move below 5380 will take it towards 5350 level which is an important support from where Nifty can bounce back and any close below that point is further negative as it will be a one month low close.

NIFTY SPOT 5420.6
SENSEX SPOT 18070.19
BANKNIFTY SPOT 10428.65

NIFTY

Buy Above/SL xxxx/xxxxxTarget xxxx/xxxxx
SAR/Sell Below xxxx/xxxxx Target xxxx-xxxx/xxxxx--xxxxx

Sell Below/SL 5386/17948 Target 5358/17849
SAR/Buy Above 5404/18010 Target xxxx ---xxxx/xxxxx-xxxxxx

BANK NIFTY

Buy Above/SL xxxxx Target xxxxx
SAR/Sell Below xxxxx Target xxxxxx---xxxxx

Sell Below/SL 10344 Target 10274
SAR/Buy Above 10387 Target xxxxx---xxxxx

TRADING RETURNS

Nifty on 26-07-2010 [EOD] ------- 5418.6 [when we started our intraday levels]
Nifty on 11-08-2010 [EOD] ------- 5420.6
Nifty Returns ---------------------- Plus 2 Points
Nifty Trading Returns --------------Plus 157 Points
--------------------------------------------------------
Bank Nifty on 04-08-2010[EOD] ---10489.3 [when we started our intraday levels]
Bank Nifty on 11-08-2010[EOD] ----10428.65
Bank Nifty Returns -----------------Minus 60 Points
Bank Nifty Trading Returns -------- Plus 270 Points

Results for 11-08-2010
Nifty has definitely closed weaker with one last short term Bull hope of 20dema at 5413. Today Nifty touched that and closed at 5420. But still two days to go in this week and Nifty should get support around 5360-5370. Otherwise, it will head towards 5290 which is a retracement point as given in the chart.

Another very good profitable day for our trading levels.

Nifty
9.19. am-------Sold 2 lots at 5473 spot
11.44 am-------Bought 1 lot at 5448spot [1st Target achieved]
Gain of 25 points
12.02 pm -----Holding another lot as Sensex has triggered our sell point at 18152 spot
12.55 pm ------ Sold 1 lot Nifty at 5435 spot [total 2 lots holding short]
1.03 pm ------ Bought 1 lot Nifty at 5438 spot --- Target Achieved[ 1lot holding short]
Gain of 35 Points
3.28 pm ------Bought 1 lot Nifty at 5414 ---Target achieved
Gain of 21 Points
Net for the day ------Gain of 81 points.
Net for the August Month [8 days] -- Gain of 313 points [2 lots]
---------------------------------------------
Banknifty bought at 10492 spot --- 9.56am
Sold Banknifty at 10525 spot --- 11.35am
[closed our position as Nifty has to comedown and also intraday sell signal for banknifty at 10525 with SL 10530. We missed our target 10548--73 by just 2.5 points] [Also we would have entered short again at 10550 and covered at 10492 again. Hardluck. We missed around 80 points extra]
Gain of 33 points.
2.45 pm Banknifty Sold at 10460
3.25 pm Banknifty Bought at 10414 ---Target achieved
Gain of 46 points
Net for the day --------Gain of 79 Points
Net for August month[5 days] ------270 Points [1lot]

For 11-08-2010

Though Nifty closed in negative, still it managed to close above 5dema at 5457 and thereby keeping bullish hopes alive, thanks largely to Tatamotors which prevented nifty falling to further lows and pull it back above 5dema. Still, the Bull and Bear battle is evenly matched as one day Bulls take Nifty above breakpoint level and the nextday Bears pull the index down. Market is still not negative but the indications are that Bulls are getting tired. Let us watch and trade as per the levels.

NIFTY SPOT 5460.7
SENSEX SPOT 18219.99
BANKNIFTY SPOT 10519.95

NIFTY

Buy Above/SL 5486/18288 Target 5506/18343
SAR/Sell Below 5473/18254 Target 5448-5438/18186--18155

Sell Below/SL 5435/18152 Target 5414/18097
SAR/Buy Above 5449/18187 Target 5473---5483/18253--18280

BANK NIFTY

Buy Above/SL 10578 Target 10625
SAR/Sell Below 10550 Target 10491--10470

Sell Below/SL 10460 Target 10414
SAR/Buy Above 10492 Target 10548---10573

TRADING RETURNS

Nifty on 26-07-2010 [EOD] ------- 5418.6 [when we started our intraday levels]
Nifty on 10-08-2010 [EOD] ------- 5460.7
Nifty Returns ----------------------42 Points
Nifty Trading Returns --------------116 Points
--------------------------------------------------------
Bank Nifty on 04-08-2010[EOD] ---10489.3 [when we started our intraday levels]
Bank Nifty on 10-08-2010[EOD] ----10519.95
Bank Nifty Returns -----------------30 Points
Bank Nifty Trading Returns ---------191 Points

Result for 10-08-2010


Bank Nifty
A good day of profits in Bank nifty
9.06 am : Bought Banknifty at 10486 spot
10.33 am: Sold Banknifty at 10562 ---Target Achieved.
Gain of 78 points
10.42 am: Sold Bank nifty at spot 10562 [f10514]
3.27 pm: Bought Banknifty at spot 10528
Gain of 34 points

Net for the day : plus 112 points
Net for August month[ 4 days] : plus 191 points [1lot]
-------------------------------------------------------------
Nifty
Not a good day for our Nifty level trade.
9.02 am : Bought [2 lots] Nifty at 5470 spot
1.17 PM : SL triggered at 5453 --- minus 34 points [After the Buy call, niftyspot went upto 5483 only and returned.
1.17 PM : Sold [2lots] Nifty at 5453
3.28 PM : Bought Nifty at 5462 ----- 18 points

Net for the day : Minus 52 points [2lots]
Net for August month [ 7 days]: Plus 232 points [2lots]

For 10-08-2010

Now Nifty has closed strongly for the day at 5486 and if holds 5475 level , it is positive for further move towards 5515 this week above which one can hold for a target of 5580 with a stoploss of 5475.

NIFTY SPOT 5486.15
SENSEX SPOT 18287.5
BANKNIFTY SPOT 10524.1

NIFTY

Buy Above/SL 5519/18381Target 5545/18458
SAR/Sell Below 5502/18334
Target 5469-5455/18240--18206

Sell Below/SL 5453/18194
Target 5426/18116
SAR/Buy Above 5470/18245
Target 5502---5515/18334--18370

BANK NIFTY

Buy Above/SL 10602
Target 10666
SAR/Sell Below 10562
Target 10485---10450

Sell Below/SL 10446
Target 10381---10360
SAR/Buy Above 10486
Target 10562---10595

Result for 09-08-2010

Bank Nifty
9.16 am : Sold at 10414
9.40 am : SL Trig. at 10446 --------- minus 32 points
9.40 am : Bought at 10446
12.07 pm : Sold at target 10495 ----- plus 49 points

Net for the day : Gain of 17 Points
Net for August month [3days] : 79 points
--------------------------------------------
Nifty

9.05 am : Sold Nifty [2lots] at 5450
10.50am : SL trig. at 5462 ----- minus 24 points[2lots]
10.50am : Bought Nifty [2lots] at 5462
2.44 pm : Sold Nifty [2lots] at 5479 ---plus 34 points[2lots]
Net Gain for the day --------------------- 10 points[2lots]
Net Gain for August [6days] ------------- 280 points[2lots]

For 09-08-2010 Monday

On Friday, we mentioned to watch the crucial points 5443 and 5439 and Nifty closed exactly at 5439. Will Monday be a decisive day? Let us see. Market, though in uptrend, will gain momentum only if it sustains above 5480 this week. Above 5485, weekly targets are 5515 and 5555. Short term trend will weaken if Nifty closes below 5439. On the downside, if Nifty breaks 5390 this week, it will move towards 5350 and 5290.
--------------------------------------------------------------------------------
Total Nifty points gained this August month sofar[ 5 days ] -----270 points [2 lots]
Total Bank Nifty points gained this month [ 2 days ] ------62 points [1 lot]
--------------------------------------------------------------------------------
NIFTY SPOT 5439.25
SENSEX SPOT 18172.83
BANKNIFTY SPOT 10383.65

NIFTY

Buy Above/SL 5462 Target 5479
SAR/Sell Below 5450 Target 5428-5421

Sell Below/SL 5416 Target 5398
SAR/Buy Above 5428 Target 5450---5457

BANK NIFTY

Buy Above/SL 10446 Target 10495
SAR/Sell Below 10414 Target 10352---10330

Sell Below/SL 10322 Target 10272
SAR/Buy Above 10352 Target 10414---10440