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.
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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]
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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
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