EOD Report for 01-09-2010
Bulls are saved for the time being, as Nifty has reversed some of previous days' losses to close strongly above 5dema/20dema/50dema. During the last week correction, 50dema as expected gave the support and nifty, without closing below it, reversed today. Trend is positive as of now.
Levels given today
NIFTY
Buy Above/SL 5439/18100 Target 5467/18169
SAR/Sell Below 5420/18023Target 5384---5368/17917-17870
Sell Below/SL 5366/17862 Target 5337/17773
SAR/Buy Above 5385/17918 Target 5420--5436/18024---18060
BANK NIFTY
Buy Above/SL 10812 Target 10864
SAR/Sell Below 10777 Target 10713---10685
Sell Below/SL 10680 Target 10628
SAR/Buy Above 10715 Target 10778---10802

Trade Diary for the day [Refer Trading rules]
BANKNIFTY
9.23 am Bought 2 lots BN at 10812[target min. 10864]
10.27 am Sold 1BN at 10847[we have a SL of 35 points which we earn in this lot and
keep the other for target or more]
Gain of 35 Points
1.20 pm Bought another lot at 10790[as banknifty came near the stoploss and
bounced, keeping both stoploss at 10777]
1.38 pm Sold one lot at 10855 [near the previous high and we have already 50
points profit, keeping one lot long still.]
Gain of 65 Points
2.13 pm Sold another lot at our target 10864
Gain of 52 Points
Net for the day -------------Plus152 Points [3lots]
Net for September ---------Plus 152 Points[total 3lots]
--------------------------------------
NIFTY
9.15 am Bought Nifty at 5429[when bse triggered its buy level at 18080]
9.36 am Bought Nifty at 5439
1.25 pm Sold one Nifty at 5420[since nifty has already triggered our sell point at
5420, but bse point was not triggered]
Minus 9 Points
1.50 pm Bought one Nifty at 5439, 2lots now holding long.
2.41 pm Sold one Nifty at 5459 [20 points profit and bse target also reached ],
holding another long
3.01 pm Sold another at the target 5467
Gain of 28 Points
Net for the day ------ Plus 39 Points[3lots]
Net for September--- Plus 39 Points[total 3lots]