EOD Report
Nifty blasted its way up, up and up and time 3.30 pm only has stopped its further move. We could not trade today as our levels for trading were not reached. So no trade was done today.

Levels given today

NIFTY
Buy Above/SL 5662/18885 Target 5679/18953
SAR/Sell Below 5650/18841Target 5629---5620/18757-18724
Sell Below/SL 5618/18714 Target 5600/18645
SAR/Buy Above 5630/18758 Target 5650--5658/18842---18875

BANK NIFTY
Buy Above/SL 11582 Target 11691
SAR/Sell Below 11514 Target 11379---11320
Sell Below/SL 11311 Target 11201
SAR/Buy Above 11380 Target 11514---11575

For 13-09-2010, Monday

Weekly view:
Bullish close of the last week ensures that momentum continues upside and if Nifty holds above 5687, it will travel towards 5725 and crossing and closing above 5732 ensures a target of 5807. On the downside, if Nifty corrects some gains, still, 5550 zone should offer support for the bullishness and below 5546, longs can be closed for a target of 5472.

NIFTY SPOT5640.05
SENSEX SPOT18799.66
BANKNIFTY SPOT11446.7

Levels for today


NIFTY

Buy Above/SL 5662/18885 Target 5679/18953
SAR/Sell Below 5650/18841Target ---------------
Sell Below/SL --------------- Target ---------------
SAR/Buy Above ------------- Target --------------


BANK NIFTY

Buy Above/SL 11582 Target 11691
SAR/Sell Below 11514 Target ------------------
Sell Below/SL --------- Target --------------------
SAR/Buy Above -------- Target -------------------

EOD Report for 9-9-10

Indices have closed the day as well as the week in a nice positive close and as we have mentioned on the weekly report on Monday, 6-9-10, exactly achieved our target for the week at 5644 also.

Levels given for the day

NIFTY

Buy Above/SL 5640/18767 Target 5665/18847
SAR/Sell Below 5623/18716Target 5592---5579/18617-18575
Sell Below/SL 5576/18567 Target 5550/18486
SAR/Buy Above 5593/18618 Target 5623--5635/18716---18756

BANK NIFTY

Buy Above/SL 11277 Target 113 46
SAR/Sell Below 11233 Target 11146---11112
Sell Below/SL 11103 Target 11033
SAR/Buy Above 11148 Target 11233---11270

Trade diary for the day

Nifty

09.15 am BSE triggered its buy; Bought nifty at 5633;

10.38 am Nifty sell triggered; Sold 2 Nifty lots at 5623

Minus 10 Points[1lot]

10.47 am BSE trig. its sell and nifty is at 5617; we will wait for pullback as the first trade is in loss and we have already sold one nifty. so, no urgency.

11.31 am Sold one more Nifty at 5623 [2 lots short at 5623 holding]

11.46 am BSE buy trig. again and bought one nifty at 5624

Minus 1 point [1lot], holding one nifty long.

2.36 pm Nifty buy trig. ; Bought another nifty at 5640; No position now;

Minus 17 points [1lot];

we will wait atleast halfway near the SL for fresh entry, i.e. around 5630;

3.15 pm Fresh position not entered.

Net for the day ------- Minus 28 Points [3trades]

Net for September ----Gain of 283 Points [20trades]

-------------------------------------------------------------------------------------------

Banknifty

9.08 am Bought 2 lots at 11277

9.23 am crossed our SL points level as well as 50 point level and still strong; keeping 11327 as stoploss now;

9.28 am Achieved our target; Sold 2 lots at 11346;

Plus 138 points [ 2lots]

Net for the day ------ Plus 138 Points [2 trades]

Net for September ----Plus 765 Points[18 trades]