Wednesday, September 8, 2010

For 09-09-10, Thursday


Levels for today


NIFTY SPOT5607.85
SENSEX SPOT18666.71
BANKNIFTY SPOT11190.05

NIFTY

Buy Above/SL 5640/18767 Target 5665/18847
SAR/Sell Below 5623/18716Target -----------------
Sell Below/SL ----------------- Target ------------------
SAR/Buy Above
-------------- Target --------------------


BANK NIFTY

Buy Above/SL 11277 Target 11346
SAR/Sell Below 11233 Target -----------
Sell Below/SL ---------- Target -------------
SAR/Buy Above --------Target ----------
EOD Report
Numerically interesting day 8/9/10 proved to be lucky one also. After 2 days of minimum or no trades, today indices have given nice opportunity for our trading levels with good gain from both the indices. Indices have again almost closed flat, a sign of consolidation at higher levels or are they tired? As traders, we are not worried, as our levels will help us to minimise the loss and maximise the profits.

Levels given today
NIFTY
Buy Above/SL 5634/18722 Target 5657/18784
SAR/Sell Below 5618/18683Target 5589---5577/18606-18575
Sell Below/SL 5574/18568 Target 5550/18505
SAR/Buy Above
5590/18608 Target 5618--5630/18683---18715

BANK NIFTY
Buy Above/SL 11243 Target 11283
SAR/Sell Below 11217 Target 11168---11150
Sell Below/SL 11143 Target 11102
SAR/Buy Above 11169 Target 11217---11235

Trade diary for the day[Refer Trading Rules]

9.10 am Sold Nifty at spot 5581[Bse triggered its 18568]
10.55 am Bought Nifty at spot 5590[Bse triggered its buy point at 18608]
Minus 9 Points [1lot]
Buy triggered
11.01 am Bought One Nifty at 5590 spot
11.06 am Bought one nifty at 5589 spot[sensex at 18608]
12.02 pm Sold one nifty at 5611 [sensex achieved its min. target 18683]
Gain of 21 points[ holding one nifty long for nifty target]
12.43 pm Hold with stoploss point of 16, that is 5606 as stoploss for the other lot
12.49 pm Sold one lot Nifty [target achieved] at 5618
Gain of 28 points.
1.03 pm Sold Nifty at 5618 spot
1.11 pm Sold another Nifty at 5611 [Sensex trig. sell at 18683]
1.38 pm Bought two Nifty at 5589
Gain of 51 Points [2 lots]
1.54 pm Sensex trig. its buy at 18608 but nifty not trig. its 5590. Wait for Nse confirmation. No urgency.
1.59 pm Bought one Nifty at 5590
2.00 pm Bse trig. its buy.
2.05 pm Bought another Nifty at 5588
3.04 pm Sold one nifty at 5610 [20 points trade][holding one lot]
Gain of 20 Points
3.25 pm Sold one nifty at 5607
Gain of 19 points[1lot]
Net for the day -----------Gain of 162 Points [7lots]
Net for September -------Gain of 311 Points[17 lots]
----------------------------------------------------------------------------
9.48 am Bought Banknifty 2 lots at 11169 spot
11.26 am Target not yet reached. keep Sl of 11199 for one lot[Stoploss points]
11.31 am One lot sold at 11199
Gain of 30 points
We will buy again lower.[ one lot still long]
11.57 am achieved our target but moving fast. keep stoploss at the target 11117.
11.58 am Sold at 11135
Gain of 66 points.
Now waiting for the next entry.
12.16 pm Banknifty sell triggered. but we will wait for a bounce since nifty has not achieved its target.
12.49 pm. Bank nifty buy triggered. We have not entered in to previous sell entry as nifty has to
bounce back and achieve the target. Saved.
12.52 pm Waiting for pullback in Banknifty
1.03 pm wait to buy banknifty CMP 11233[as nifty has trig. its sell]
1.11 pm sensex trig. its sell, bank nifty also trig. its sell. we will sell one banknifty at 11217 on any pull back.
1.28 pm Sold two bank nifty at 11218
1.38 pm Bought one banknifty at 11168 [target achieved]
1.45 pm Bought one banknifty at 11150
Gain of 118 Points [2lots]
1.50 Bank nifty sell triggered at 11143. But again we will wait for pull back.
1.56 pm Sold one Banknifty at 11160
2.00 pm SL trig. at 11169.
Minus 9 points [1lot]
Bought one Banknifty at 11169
2.08 pm Bought another Banknifty at 11159
2.38 pm Sold one Banknifty at 11189 [plus 30 points], holding one lot .
Gain of 30 Points[1lot]
3.25 pm Sold one Banknifty at 11191
Gain of 22 points[1lot]
Net for the day ----------------Gain of 257 Points [7 lots]
Net for September ------------ Gain of 627 Points [16 lots]

Tuesday, September 7, 2010

For 08-09-2010, Wednesday

Today is an interesting day numerically, 8/9/10 and let us hope it is luckyone too.
Yesterday, Nifty and Sensex continued their march upside but Banknifty cooled a bit. RSI is nearing Overbought and Stochastic is ready to show divergence. With such a stupendous rise on Monday and holiday on Friday, it is normal for indices to correct some gains as profit booking may come. For daytrading, as long as Nifty is not stuck in a narrow range and open normally without big gapup or gapdown, we can always trade as per our levels for good gains.


NIFTY SPOT5604
SENSEX SPOT18645.06
BANKNIFTY SPOT11192.95

NIFTY

Buy Above/SL 5634/18722 Target 5657/18784
SAR/Sell Below 5618/18683Target ----------------------
Sell Below/SL --------------- Target ------------------------
SAR/Buy Above
-------------- Target -----------------------


BANK NIFTY

Buy Above/SL 11243 Target 11283
SAR/Sell Below 11217 Target -------------------
Sell Below/SL -------- Target ---------------------
SAR/Buy Above ------- Target --------------------
EOD Report

Levels given today
NIFTY
Buy Above/SL 5638/18822 Target 5686/19036
SAR/Sell Below 5607/18690Target 5546---5520/18429-18310
Sell Below/SL 5516/18298 Target 5467/18084
SAR/Buy Above
5547/18430 Target 5607--5632/18690---18805

BANK NIFTY
Buy Above/SL 11344 Target 11446
SAR/Sell Below 11280 Target 11156---11100
Sell Below/SL 11093 Target 10991
SAR/Buy Above 11158 Target 11281---11330

Trade Diary for the day [Refer Trading Rules]

After a long wait, we got the opportunity with our levels only around 2.30 pm
2.31 pm Sold one Nifty at 5607 [sensex not yet trig. its level]
2.53 pm Sold one more Nifty at 5615[when sensex trig. its sell point at 18690]
3.23 pm Bought one Nifty at 5595
Gain of 20 Points
3.28 pm Bought one Nifty at 5595
Gain of 12 Points
Net for the day ----- Gain of 32 Points[2 lots]
Net for September ----Gain of 149 Points[10 lots]
No trade could be done in Bank nifty.

Monday, September 6, 2010

For 07-09-2010, Tuesday


Atlast, yesterday, indices have broken out of their narrow trading range and throughout yesterday they were making steady progress to move above the previous high of 5549, cross the magic no. 5555.55 and close at 5576, thanks mainly to Reliance and bankstocks. Other index stocks also joined the party. As long as Nifty does not close below 5524 level, it can march near 5640 atleast, if not crosses it. Till signs of weakness appear, index can be bought in declines with proper stoploss for good gains in position trading.

Yesterday the indices low levels[nifty, sensex and banknifty all punched] were actually not traded as nifty gapped up around 5520 levels. As such, for today's trading, we may not wait till the targets are achieved but book profits whenever necessary as per our trading rules.


NIFTY SPOT5576.95
SENSEX SPOT18560.05
BANKNIFTY SPOT11218.8

NIFTY

Buy Above/SL 5638/18822 Target 5686/19036
SAR/Sell Below 5607/18690Target -----------------
Sell Below/SL -------------- Target ------------------
SAR/Buy Above
------------ Target ------------------


BANK NIFTY

Buy Above/SL 11344 Target 11446
SAR/Sell Below 11280 Target-------------
Sell Below/SL -------- Target ---------------
SAR/Buy Above ------ Target ----------------
EOD report

Levels given today
NIFTY
Buy Above/SL 5500/18282 Target 5516,5528/18331
SAR/Sell Below 5489/18250Target 5469---5462/18191-18165
Sell Below/SL 5459/18160 Target 5442,5428/18111
SAR/Buy Above
5470/18192 Target 5489--5496/18251---18275

BANK NIFTY
Buy Above/SL 11035 Target 11069
SAR/Sell Below 11012 Target 10969---10953
Sell Below/SL 10948 Target 10912
SAR/Buy Above 10970 Target 11012---11030

Trade diary for today [refer trading rules]

No trade could be entered today due to good gapup opening .

Sunday, September 5, 2010

For 06-09-2010

Last week, Indices closed above all the moving averages and closed higher than the previous week but traded in a very narrow range during the last 3 days. If this is a sideways consolidation, then, Nifty should breakout on the upside. But still, it has to cross the previous high of 5549 and then 5570 to march towards 5644. Failure to sustain above 5524 will result in Nifty pulling back towards 5400 level.

Levels for the day:

NIFTY SPOT5479.4
SENSEX SPOT18221.4
BANKNIFTY SPOT10991.2

NIFTY

Buy Above/SL 5500/18282 Target 5516,5528/18331
SAR/Sell Below 5489/18250Target ----------------
Sell Below/SL ------/---------Target ----------------------
SAR/Buy Above
----/-------- Target --------------------


BANK NIFTY

Buy Above/SL 11035 Target 11069
SAR/Sell Below 11012 Target -----------------
Sell Below/SL --------- Target -------------------
SAR/Buy Above --------Target ------------------