For 26-08-2010, Thursday

Index closed below 5dema but just above 20dema at 5458. So, inspite of intraday fluctuations, if Nifty can close positively today, then positive bias will continue for the next day.

NIFTY SPOT5462.35

SENSEX SPOT18179.64

BANKNIFTY SPOT10937.85

NIFTY
Buy Above/SL ---------- Target -------------
SAR/Sell Below--------- Target--------------
Sell Below/SL 5432/18092 Target 5408/18023
SAR/Buy Above 5448/18138 Target ----------

BANK NIFTY
Buy Above/SL---------Target -----------------
SAR/Sell Below -------Target----------------
Sell Below/SL 10875 Target 10825,10790
SAR/Buy Above 10908 Target ----------------

Trade diary for 25-08

9.42 am Bought one Nifty at 5491 spot[based on sensex cross]
10.18 am Bought one Nifty at 5480 spot [av. 5485.5]
10.45 am Sold one Nifty at 5472
10.57 am Sold one Nifty at 5473 [av 5472.5]
Minus 26 Points [2lots]
11.40 am Sold 2 lots Nifty at 5480
1.30 pm Bought 2 lots Nifty at 5489
Minus 18 points
2.30 pm Bought 2 Nifty lot at 5480 spot
3.02 pm Sl trig. again at 5472
Minus 16 points
Net for the day ----------- minus 60 points
Net for the month of August [18days] ----- Plus 523 Points [2lots]
--------------------------------------------
10.59 am Sold Banknifty at 10960 spot
1.13 pm SL trig. in Banknifty at 11004
Minus 44 points
2.30 pm Bought at 10970 again
3.06 pm Sold at 10960 again
Minus 10 points
Net for the month of August [12 days] ------- Plus 340 Points [1lot]