For 03-09-2010, Friday

Yesterday the indices traded in a very narrow range for the entire day[Nifty active trading zone around 25 points and banknifty, just around 40 points]. Having entered the positive trend, may be the indices are consolidating for further breakout upmove. Last Friday, Nifty closed at 5408.7, near that week's low. So, normally, every attempt will be made this Friday to close near the high of this week, which will be above 5500. Let us see and trade as per our levels even though they are narrow.

NIFTY SPOT5486.15
SENSEX SPOT18238.31
BANKNIFTY SPOT10980.6

Levels for today

NIFTY

Buy Above/SL 5510/18316 Target 5528/18378

SAR/Sell Below 5497/18276Target -------------

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

BANK NIFTY

Buy Above/SL -------- Target ----------------
SAR/Sell Below ------ Target ---------------
Sell Below/SL 10941 Target 10910
SAR/Buy Above 10962 Target ---------------