EOD Report;
Levels given today: [refer trading rules]

NIFTY
Buy Above/SL 6042/20108 Target 6082/20245
SAR/Sell Below 6016/20024 Target 5965---5945/19858---19785
Sell Below/SL5940/19775 Target5899/19638
SAR/Buy Above5966/19860 Target 6016--6036/20024---20100

BANK NIFTY
Buy Above/SL 12395 Target 12469
SAR/Sell Below 12350 Target 12261---12221
Sell Below/SL 12215 Target 12141
SAR/Buy Above 12262 Target 12350---12385


Trade Diary for the day:

NIFTY
09.05 am Bought Nifty at 5966 [NSE buy triggered];
09.06 am Bought Nifty at 5963 [BSE buy triggered];
2.22 pm Stoploss trig. for Nifty at 5940;
2.23 pm Sold 2 Nifty at 5939;
Minus 51 Points [2lots]
Net for the day --------------Minus 51 Points [2trades];
Net for September-----------Plus 503 Points [47 trades]
------------------------------------
BANKNIFTY

09.07 am Bought Banknifty at 12262 [1lot];
09.14 am Bought Banknifty at 12236 [1lot];
09.33 am Stoploss triggered at 12215;
09.37 am Sold BN at 12231[1lot];[keep sl 12215 again for another lot] Minus 31 Points [1lot]
09.42 am Sold BN at 12215; Minus 21 Points [1lot]; No position now;
Net sofar Minus 52 Points [2lots];
9.51 am Sold BN at 12243[1lot];
10.56 am Sold BN at 12251[1lot]; 2 lots shorts now;
11.12 am BN Stoploss triggered again at 12262;Bought 2 lots at 12265; Minus 36 Points [2lots];
Net sofar 88 Points [4 lots];
12.02 pm Bought BN at 12245[2lots];
12.58 pm Stoploss for BN triggered again at 12215;
01.08 pm Sold BN at 12230[2lots];
Minus 30 Points [2lots];
Net sofar Minus 118 Points[6lots]; very volatile; no more trades for the day;
Net for the day ------------- Minus 118 Points [6trades];
Net for September---------- Plus 1673 Points [51 trades];

For 23-09-2010, Thursday

After closing above 6000/20000 for a day, the indices have retraced some gains. They have also closed lower after registering a higher high which shows short-term weakness but we have to see in the coming days, whether this is just a blip or some real profit booking.

NIFTY SPOT 5991
SENSEX SPOT19941.72
BANKNIFTY SPOT 12305.7



Levels for the day: [refer trading rules];

NIFTY
Buy Above/SL 6042/20108 Target 6082/20245
SAR/Sell Below 6016/20024 Target
Sell Below/SL---------------- Target
SAR/Buy Above-------------- Target

BANK NIFTY
Buy Above/SL 12395 Target 12469
SAR/Sell Below 12350 Target
Sell Below/SL----------Target
SAR/Buy Above--------Target

EOD Report for 22-09-2010

Level given today[Refer trading rules]:

NIFTY
Buy Above/SL 6049/20128 Target 6080/20231
SAR/Sell Below 6028/20063 Target 5989---5975/19938---19885
Sell Below/SL5970/19875 Target5937/19771
SAR/Buy Above 5990/19940 Target 6028--6043/20064---20114

BANK NIFTY
Buy Above/SL 12335 Target 12407
SAR/Sell Below 12289 Target 12200---12160
Sell Below/SL 12155 Target 12082
SAR/Buy Above 12201 Target 12289---12329

Trade Diary for the day:

NIFTY
09.02 am Sold Nifty at 6028 [1lot][nifty trig. its sell]
09.03 am Sensex also trig. its sell; so Nifty sold again at 6027; 2 lots nifty short now;
10.21 am Bought one Nifty at 6003[25 point level]; holding one lot short now;
Plus 25 Points [1lot]
10.34 am Bought at 5990 another lot[target achieved]
Plus 37 Points [1lot]; no position now; Total sofar 62 Points[2 trades];
12.52 pm Sold one lot at 5970;
02.26 pm Sold one lot at 5978;2 lots short now;
3.02 pm Stoploss triggered at 5990; Bought Nifty at 5990;Minus 32 Points [2lots];
Net for the day ------------Gain of 30 Points [4 trades]
Net for September---------Gain of 554 Points[45 trades]
---------------------------------------------
BANKNIFTY
09.04 am BN trig. its sell at 12289;
09.05 am Sold BN at 12294;
09.08 am Sold one more lot at 12290; 2 lots short now;
10.32 am BN Bought at 12200 [target achieved]
Plus 184 Points [2lots];
10.35 am BN bought at 12180 [1lot];
11.07 am keep stoploss 12250;
11.08 am Sold at 12250;
Plus 70 Points[1lot]; Total sofar 254 Points[3 trades]
Net for the day------------------Gain of 254 Points [3trades]
Net for September-------------- Gain of 1791 Points[45 trades]

For 22-09-2010, Wednesday

NIFTY SPOT 6009.05
SENSEX SPOT 20001.55
BANKNIFTY SPOT 12244.95

Levels for trading[refer trading rules];

NIFTY
Buy Above/SL 6049/20128 Target 6080/20231
SAR/Sell Below 6028/20063 Target
Sell Below/SL ------------------- Target
SAR/Buy Above----------------- Target

BANK NIFTY
Buy Above/SL 12335 Target 12407
SAR/Sell Below 12289 Target
Sell Below/SL ----------- Target
SAR/Buy Above ---------Target

EOD Report for the day:

Levels given today: [refer trading rules]
NIFTY
Buy Above/SL 6038/20172 Target 6086/20399
SAR/Sell Below 6009/20037 Target 5951---5926/19773---19650
Sell Below/SL5923/19641 Target5874/19412
SAR/Buy Above 5952/19775 Target 6009--6030/20038---20160

BANK NIFTY
Buy Above/SL 12375 Target 12478
SAR/Sell Below 12312 Target 12190---12135
Sell Below/SL 12127 Target 12024
SAR/Buy Above 12190 Target 12312---12360

Trade Diary for the Day : [refer trading rules]

09.06 am Sold nifty at 6014 [1lot];
09.12 am Sold nifty at 6024 [1lot];
2 lots short now;
10.10 am Bought nifty at 5999[1lot]
Plus 25 points [1lot]----one lot short now;
10.18 am keep 5996 stoploss;
10.35 am keep 5964 stoploss;[50 points]
10.35 am bought nifty 5964;
Plus 50 Points[1lot]---no position now;
10.47 am sold nifty at 5989 [1lot][keep sl 5996];
11.22 am stoploss trig. at 5996;
Minus 7 Points[1lot]
Net for the day--------------------------------------Plus 68 Points[3 trades]
Net for September--------------------------------- Plus 524 Points[41 trades]
-------------------------------------------------
9.02 am BN sold at 12312;
9.13 am BN sold at 12327;
10.16 am BN keep stoploss at 12227;
1018 am BN bought at 12227 [1lot]
Plus 100 points [1lot]
one lot short now;
10.27 keep sl of 12217;keep 12190 stoploss;
10.30 Bought BN at 12190;
Plus 122 Points[1lot]; no position now;
Net for the day------------------------ Plus 222 Points[2 trades]
Net for September------------------- Plus 1537 Points[ 42 trades]

For 21-09-2010, Tuesday

NIFTY SPOT 5980.45
SENSEX SPOT 19906.1
BANKNIFTY SPOT 12251.2

Levels for the day [Refer trading rules]

NIFTY
Buy Above/SL 6038/20172 Target 6086/20399
SAR/Sell Below 6009/20037 Target
Sell Below/SL--------------- Target
SAR/Buy Above ------------- Target

BANK NIFTY
Buy Above/SL 12375 Target 12478
SAR/Sell Below 12312 Target
Sell Below/SL -------- Target
SAR/Buy Above ------ Target

EOD Report

Nifty, Sensex and Banknifty went higher and higher and now are very close to 6000 and 20000 again. Hopefully, those summits will be scaled tomorrow but they have to consolidate at these higher levels to move past their all time highs.

Levels given today: [Refer trading rules]
NIFTY
Buy Above/SL 5924/19707 Target 5955/19798
SAR/Sell Below 5904/19650 Target 5865---5850/19539---19495
Sell Below/SL 5846/19483 Target 5814/19390
SAR/Buy Above 5866/19540 Target 5904--5919/19650---19700

BANK NIFTY
Buy Above/SL 12181 Target 12243
SAR/Sell Below 12142 Target 12066---12032
Sell Below/SL 12027 Target 11964
SAR/Buy Above 12067 Target 12142---12175

Trade Diary for the day:

Nifty
09.07 am Nifty sold at 5904[1lot; BSE not yet trig. its sell;]
09.09 am BSE sell trig. at 19650[we will wait for an upmove];
09.25 am Nifty sold at 5905;[2 lots short now];
10.02 am BSE trig. its buy; Nifty bought at 5918[1lot];one lot still holding short;
Minus 13 points[1 lot];
10.08 am: Nifty buy trig. at 5924; Bought Nifty at 5924;
Minus 20 Points [1lot]---No position now; we will wait for retracement for fresh entry;
10.17 am Bought Nifty at 5424[1lot];
12.40 pm Sold Nifty at 5442 [Sensex at 19796];
Plus 18 Points [1lot];--- No position now.

Net for the day--------------Minus 15 Points [3 trades]
Net for September ----------- Gain of 456 Points [38 trades]
------------------------------------------------------------
Banknifty
09.03 am Banknifty sold at 12142 [2lots]
09.15 am Bought BN at 12085 [1lot];[above 50 points level]
Gain of 57 Points [1lot];one lot still holding;
09.17 am keep 12086 stoploss;keep 12075 stoploss;
09.22 am Bought BN at 12075 [1lot]
Gain of 67 Points[1lot]; No position now;
09.36 am Sold BN at 12120[1lot];[since target downside not yet reached;
09.53 am Keep 12098 as stoploss;
10.01 am Bought BN at 12098;
Gain of 22 Points[1lot];No position now;
01.35 pm Sold Banknifty at 12125[1lot];
02.21 pm Keep 12138 as stoploss;
02.28 pm SL at 12138 triggered; Bought BN at 12138;
Minus 13 Points[1lot]; No position now;
02. 51 pm BN buy triggered at 12181;But we could not get the buy point and BN was very fast to move above 12200;
if time permits, we will buy lower; otherwise no trade advised for the day;

Banknifty achieved the buy target and went past it higher and higher. We were waiting for our level to buy and so missed. sometimes a little bit extra risk pays. no problem. we will have our day. no regrets.

Net for the day -------------- Gain of 133 Points [4 trades]

Net for September -----------Gain of 1315 Points[ 40 trades]

For 20-09-2010, Monday

The relentless bull run continued last week also and after crossing the magic number 5555.55 during the previous weeks, the index is not looking back. On a weekly note, the first sign of weakness will be below 5740 only and till then, any decline should be a buy with a stoploss of 15 points i.e. 5725. Index not breaching 5740, will propel it above 6000 and above 6030, we are heading for 6158. RSI and Sochastics are continuously in overbought zone and so, longs should be held with caution and positional shorts can be initiated around psychological 6000 level with 6030 as stoploss.

Levels for the day : [Refer trading rules]

NIFTY SPOT 5884.95
SENSEX SPOT 19594.75
BANKNIFTY SPOT 12104.1

NIFTY
Buy Above/SL 5924/19707 Target 5955/19798
SAR/Sell Below 5904/19650 Target
Sell Below/SL----------------Target
SAR/Buy Above--------------Target

BANK NIFTY
Buy Above/SL 12181 Target 12243
SAR/Sell Below 12142 Target
Sell Below/SL --------- Target
SAR/Buy Above--------Target