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