For 01-09-2010, Wednesday

Yesterday, though Nifty managed to break 50dema, managed to close above it keeping bull hopes alive. Nifty has to close above 20dema 5447 which is above 5dema 5432 that may resist any upmove.

Levels for today

[From today, we will trade minimum 2 lots of Nifty and Banknifty, keeping the levels in mind]

NIFTY SPOT5402.4
SENSEX SPOT17971.12
BANKNIFTY SPOT10746.35

NIFTY

Buy Above/SL 5439/18080 Target 5467/18168

SAR/Sell Below 5420/18023 Target ---------
Sell Below/SL --------------- Target --------
SAR/Buy Above --------------Target --------

BANK NIFTY

Buy Above/SL 10812 Target 10864
SAR/Sell Below 10777 Target -------------
Sell Below/SL ---------Target ---------------
SAR/Buy Above --------Target --------------