EOD Report
Indices closed the week on a strong note above 5500 for the second consequtive day, eventhough day levels ended mildly negative. Our magic level 5555 still not reached. So, Trend is still positive in the shortterm.

Trade Diary for 20-08-2010
9.02 am Nifty Bought at 5522 spot
3.15 pm Nifty Sold at 5532 spot. [target not achieved]
Gain of 20 Points [2lots]
Net for August Month [15 days] ----Plus 473 points [2 lots]
-----------------------------------------------------------------------
9.08 Banknifty Bought at 11047 spot
3.15 pm Banknifty sold at 11040 spot.
Minus 7 points
Net for August Month[12 days] ------ Plus 392 points [1 lot]
-----------------------------------------------------------------------
Levels given today
NIFTY
Buy Above/SL 5577/18565 Target 5606/18653
SAR/Sell Below 5558/18509 Target 5521-5508/18400--18360
Sell Below/SL 5503/18345 Target 5473/18256, 5462/18229
SAR/Buy Above 5522/18401 Target 5558--5572/18509---18550

BANK NIFTY
Buy Above/SL 11238 Target 11346
SAR/Sell Below 11173 Target 11046---10096
Sell Below/SL 10982 Target 10874, 10841
SAR/Buy Above 11047 Target 11174---11225

For 20-08-2010, Friday

Nifty seems to have broken out yesterday and still our magic number 5555 is not reached. We will trade as per our levels

Trade Diary 19-08-2010
Banknifty
9.01 am Sold Bank nifty at 10941 spot
11.00 am Bought 2 lots of Bank Nifty at 10991 as SL was triggered for one lot.
Minus 50 Points [1lot]
2.12 pm Sold Bank Nifty at 11080[target achieved]
Gain of 89 Points.
Net for the day ----------- Plus 39 Points
Net for August Month[11 days] ------ Plus 399 points [1 lot]
----------------------------------------------------------------------
Nifty
9.03 am Sold Nifty 2 lots at spot 5498
9.44 am Bought Nifty 4 lots at spot 5519
Minus 42 points [2lots]
2.15 pm Sold 1 Nifty lot at spot 5539
[sensex target exactly achieved, holding one lot] -----
Gain of 20 points
2.43 pm Sold 1 Nifty lot at spot 5538
Gain of 19 Points
Net for the day ------------------ Minus 3 Points [2lots]
Net for August Month [14 days] ----Plus 453 points [2 lots]

Levels given today:
NIFTY
Buy Above/SL 5519/18379 Target 5550/18475
SAR/Sell Below 5498/18316 Target 5459-5444/18197--18155
Sell Below/SL 5439/18136 Target 5407/18038
SAR/Buy Above 5461/18204 Target 5498--5515/18317---18365

BANK NIFTY
Buy Above/SL 10991 Target 11071
SAR/Sell Below 10941 Target 10845---10805
Sell Below/SL 10797 Target 10716
SAR/Buy Above 10846 Target 10942---10980

For 19-08-2010, Thursday

NIFTY SPOT 5479.15

SENSEX SPOT 18257.12

BANKNIFTY SPOT 10894.05

Trading levels for today

NIFTY

Buy Above/SL xxxx/xxxxx Target xxxx/xxxx
SAR/Sell Below xxxx/xxxx Target xxxx-xxxx
Sell Below/SL 5439/18136 Target 5407/18038
SAR/Buy Above 5461/18204 Target xxxx

BANK NIFTY

Buy Above/SL xxxxx Target xxxxx
SAR/Sell Below xxxxx Target xxxxx
Sell Below/SL 10797 Target 10716
SAR/Buy Above 10846 Target xxxxx

EOD Report
The Indices have closed bullishly once again and this time, if able to cross 5485 -5492, Nifty will attempt for the magic number 5555. But sofar breakout on the upside is eluding. Let us see.

Trade Diary for 18-08-2010
9.27 am Bought 2 lots of Nifty at spot 5434
2.23 pm Sold 2 lots of Nifty at spot 5449
Net for the day -------------------- Gain of 30 Points [2 lots]
Net for August Month [13 days] ----Plus 456 points [2 lots]
--------------------------------------------------------
9.15 am Bought Banknifty spot 10828
12.18 am Sold Banknifty spot 10798 [1lot]
Minus 30 Points
12.18 pm Sold Banknifty spot 10798 [1lot]
2.41 pm Stoploss trig at 10828 and Bought two lots at 10828
Minus 30 points for one lot
2.52 pm booked profit at 10870 with a gain of 42 points as we have missed Banknifty targets by 3 or 4 points in our previous day attempts.
3.07 pm Banknifty also achieved our target

Net for the day ----------- Minus 18 Points
Net for August Month[10 days] ------ Plus 363 points [1 lot]

Levels given today:
NIFTY SPOT 5414.15
SENSEX SPOT 18048.85
BANKNIFTY SPOT 10770.25

NIFTY

Buy Above/SL 5434/18112 Target 5449/18163
SAR/Sell Below 5422/18080 Target 5404-5398/18017--17992
Sell Below/SL 5395/17985 Target 5379/17934
SAR/Buy Above 5405/18018 Target 5423--5430/18080---18105

BANK NIFTY

Buy Above/SL 10828 Target 10875
SAR/Sell Below 10798 Target 10741---10720
Sell Below/SL 10712 Target 10664
SAR/Buy Above 10742 Target 10799---10820

Both the Sensex and Nifty closed flat with a mild negative bias. The NSE Index has closed below 20dema at 5417 and 5dema at 5427. It is evident from the above chart that 5dema is fast approaching 20dema and if it closes below that, then, a signifcant correction is not ruled out in the coming days.

NIFTY SPOT 5414.15

SENSEX SPOT 18048.85

BANKNIFTY SPOT 10770.25

Trading levels for today

NIFTY

Buy Above/SL 5434/18112 Target 5449/18163
SAR/Sell Below 5422/18080 Target xxxx-xxxx/xxxxx--xxxxx
Sell Below/SL xxxx/xxxxx Target xxxx/xxxxx
SAR/Buy Above xxxx/xxxxx Target xxxxx--xxxx/xxxxx---xxxxx

BANK NIFTY

Buy Above/SL 10828 Target 10875
SAR/Sell Below 10798 Target xxxxx---xxxxx
Sell Below/SL xxxxx Target xxxxx
SAR/Buy Above xxxxx Target xxxxx---xxxxx

Trade Diary for 17-08-2010

Another dull day for our levels. Nifty spot missed our target by 9 points on the downside and Bank nifty missed our target by 4 points on the upside. But we stick to our levels and close the calls by 3.25pm


9.17 am Bank Nifty bought at 10754 spot
10.20 am Bank Nifty sold at 10785 spot.[ intraday call]
Net for the day -------------------- 31 Points
Net for August month[9 days] ---- 381 Points [1lot]
--------------------------------------------
09.10 am : Sold one Nifty lot at 5436 spot
10.12 am : Sold one Nifty lot at 5434 spot
3.25 pm : Bought 2 Nifty lots at 5416 spot

Net for the day---------- Plus 36 points [2lots]
Net for the August Month [12days] -------Plus 426 Points [2lots]

Levels given today

NIFTY

Buy Above/SL 5456/18165Target 5486/18258
SAR/Sell Below 5436/18107 Target 5399-5388/17993--17950
Sell Below/SL 5380/17937 Target 5350/17843
SAR/Buy Above 5400/17994 Target 5436--5450/18107---18150

BANK NIFTY

Buy Above/SL 10754 Target 10814
SAR/Sell Below 10716 Target 10644---10615
Sell Below/SL 10607 Target 10547
SAR/Buy Above 10645 Target 10717---10745

For 17-08-2010, Tuesday

NIFTY SPOT 5418.3
SENSEX SPOT 18050.77
BANKNIFTY SPOT 10680.55

Levels for 17-08-2010
NIFTY

Buy Above/SL xxxx/xxxxxTarget xxxx/xxxxx
SAR/Sell Below xxxx/xxxxx Target xxxx-xxxx/xxxxx--xxxxx
Sell Below/SL 5380/17937 Target 5350/17843
SAR/Buy Above 5400/17994 Target xxxx--xxxx/xxxxx---xxxxx

BANK NIFTY

Buy Above/SL xxxxx Target xxxxx
SAR/Sell Below xxxxx Target xxxxx---xxxxx
Sell Below/SL 10607 Target 10547
SAR/Buy Above 10645 Target xxxxx---xxxxx

It seems that Nifty has closed very near to 5417 which is 20dema and clearly below 5441 which is 5dema and so entered again into short term bearishness but 5386 should offer support this week and if it holds again sideways movement with bullish bias will continue. Otherwise Nifty is heading for 5330 this week.

Levels given today
NIFTY
Buy Above/SL 5486/18283Target 5513/18378
SAR/Sell Below 5468/18223 Target 5435-5423/18109--18060
Sell Below/SL 5418/180050 Target 5390/17955
SAR/Buy Above 5436/18110 Target 5468--5483/18224--18275

BANK NIFTY
Buy Above/SL 10837 Target 10917
SAR/Sell Below 10785 Target 10688---10650
Sell Below/SL 10638 Target 10556
SAR/Buy Above 10689 Target 10785---10825

Trade Diary for 16-08-2010

1.45 pm Sold 2 lots at Nifty spot 5418
3.25 pm Bought 2 lots at Nifty spot 5418 [our target 5390 was not reached.]

Net for the day --------------------- Zero points
Net for August Month [11 days] ----- Gain of 395 Points [2lots]

Bank Nifty trade was not done as our levels were not entered into.
Net for August Month [8 days] --------------Plus 350 points [1lot]

For 16-08-2010, Monday

As we have mentioned in the EOD report on Friday, watch for the resistance around the previous high level 5491 and support around the 5dema level 5441.

NIFTY SPOT 5452.1
SENSEX SPOT 18167.03
BANKNIFTY SPOT 10737.35

Trade Levels for 16-08-2010

NIFTY

Buy Above/SL 5486/18283Target 5513/18378
SAR/Sell Below 5468/18223 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 10837 Target xxxxx
SAR/Sell Below 10785 Target 10688---xxxxx

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