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]
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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]
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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