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