EOD Report
Indices ended mixed with nifty in negative and banknifty in positive. It is perfectly ok for nifty to consolidate the gains after a good breakout to moveup further. How far it will retrace the gains will give the clue to further upmoves. Even if it corrects tomorrow, still it will close positive for the week, for the positive momentum to continue next week.
Today's volatility gave very good opportunity for our levels to be traded with handsome gains.

Levels given today

NIFTY SPOT 5860.95
SENSEX SPOT 19497.13
BANKNIFTY SPOT 11987.6

NIFTY
Buy Above/SL 5904/19615 Target 5939/19712
SAR/Sell Below 5882/19555 Target 5839---5822/19438---19385
Sell Below/SL 5818/19379 Target 5782/19281
SAR/Buy Above 5840/19439 Target 5882--5899/19555---19609

BANK NIFTY
Buy Above/SL 12046 Target 12093
SAR/Sell Below 12016 Target 11958---11935
Sell Below/SL 11929 Target 11882
SAR/Buy Above 11959 Target 12016---12040

Trade Diary for the Day : [Refer trading rules]

09.05 am Sold Nifty at 5868 [sensex trig. its sell at 19555]
11.05 am keeping a stoploss of 5848 [20 points]
11.08 am stoploss trig. at 5848 ; Bought Nifty at 5848
Plus 20 Points [1lot]-- no position now;
11.58 am Bought one Nifty at 5840[1lot];
Due to high volatility, we will wait for another entry at a suitable point;
12.05 pm Bought Nifty at 5822[1lot];
12.24 pm Nifty sold at 5847[25 points level];
Plus 25 points[1lot] ; 1 lot still holding;
12.43 pm Sensex achieved the target; Sold Nifty at 5875[1lot];
Plus 35 Points[1lot]---no position now;
1.16 pm Bought one Nifty at 5892 [keeping 5882 as stoploss]
1.49 pm Stoploss triggered and Nifty sold at 5882;
Minus 10 Points [1lot]---- [No position now]
1.49 pm Sold Nifty at 5882
2.06 pm Sold Nifty at 5873 [1 lot][ sensex trig 19555]----- 2 lots short now;
2.34 pm keep sl of 5862;
2.35 pm keep sl of 5857;
2.37 pm Bought one lot at 5848 [25 points level for the second lot]---
Plus 25 Points [1lot]--- one lot still long holding.
2.46 pm Bought Nifty at 5845
Plus 37 Points [1 lot]
Net for the day:-----------------------Gain of 132 Points [6 trades]
Net for September:------------------- Gain of 426 Points [32 trades]
---------------------------------------------------------------
09.18 am Sold Banknifty at 12016 [2lots]
09.21 am SL trig. and Bought 3 lots at 12046
Minus 60 Points [2lots]---one lot long now; we will wait for another entry if BN comes down;
09.23 am Sold Banknifty at 12093[target achieved]
Plus 47 Points[one lot]; No position now;
11.05 Banknifty sell trig. now;
11.21 Sold Banknifty at 12027[2lots]
11.52 stoploss trig at 12046
11.56 Bought Banknifty at 12032
Minus 10 Points[2lots]
12.03 Sold Banknifty at 12016[1lot]
12.06 keep 11966 stoploss[50 points]; Bought at 11966;
Plus 50 points[1 lot];[no position now;]
12.19 pm Bought banknifty at 12046[2lots];
12.33 pm keep stoploss at the target 12093 and ride the trend;
12.34 pm keep sl at 12113;keep sl at 12126;
12.38 pm stoploss triggered at 12126;one lot sold at 12126;[1 lot holding now]
Plus 80 Points[1lot] ;
1.09 pm keep trailing stoploss 12200 for the other lot;
1.18 pm Sold another lot at 12200;
Plus 154 Points[1lot];---No position now;
3.08 pm Nifty trig. its sell at 5818; but we have closed for the day due to timefactor.
Net for the day:-------------------Plus 261 Points [ 8 trades]
Net for September-----------------Plus 1150 Points [34 trades]

For 16-09-2010, Thursday

NIFTY SPOT5860.95
SENSEX SPOT19497.13
BANKNIFTY SPOT11987.6

Levels for today: [See Trading Rules]

NIFTY

Buy Above/SL 5904/19615 Target 5939/19712
SAR/Sell Below 5882/19555Target ---------------------------------------
Sell Below/SL ---------------- Target -----------------------------------------
SAR/Buy Above -------------- Target ----------------------------------

BANK NIFTY

Buy Above/SL 12046Target 12093

SAR/Sell Below 12016 Target -------------------------------
Sell Below/SL -------- Target ---------------------------------

SAR/Buy Above -------Target -------------------------------

EOD Report
Inspite of negative european markets, our markets closed above 5800, still strongly positive, weakness nowhere evident.
Levels given today:
NIFTY
Buy Above/SL 5839/19496 Target 5874/19616
SAR/Sell Below 5817/19419Target 5774---5756/19273---19209
Sell Below/SL 5752/19198 Target 5717/19078
SAR/Buy Above 5775/19274 Target 5817--5834/19421---19489

BANK NIFTY
Buy Above/SL 12011Target 12078
SAR/Sell Below 11969 Target 11887---11850
Sell Below/SL 11846 Target 11778
SAR/Buy Above 11888 Target 11969---12000

Trade Diary for the day: [Refer trading rules]
Inspite of bullish undertones, the indices have runup very fast. So, they may correct, atleast in the shortest term. So, keeping in mind, the levels, we will try for shorting opportunities.

9.03 am Sold Nifty spot 5835 [1lot] --[SL of 5840]
Nifty exactly comes back from 5839 levels/sensex 19492 not triggering buy. so stoploss of just 5 points, we will take a chance.
9.11 am Buy trig. at 5839 again. Bought 2 lots at 5840; Minus 5 points[1lot];
9.15 am Sensex also trig. its buy; we will buy the other lot if it comes down; one lot long now;
9.48 am Bought one nifty at 5829[sensex just 15 points near stoploss]; 2 lots long now;
10.10 am Nifty in buy zone but sensex not crossing the buy zone; so we will trade the second lot for some gains;
10.37 am Sold one nifty at 5860;
Gain of 31 points; [one lot still holding]
11.31 am Keep stoploss of 5860 for the other lot[nifty touches 5869 just 5 points from our target]
11.41 am Stoploss trig. at 5860; Sold another lot 5860;
Gain of 20 Points [1lot]-- now we have no position
Net for the day --------- Gain of 46 Points[3 trades]
Net for September -----Gain of 294 Points [26 trades]
-------------------------------------------------------
9.11 am Banknifty sold at 12000 [1lot];
9.15 am Banknifty buy trig. at 12011; bought 2 lots;
[Minus 11 points, one lot];one lot long now
9.43 am Bank nifty bought one lot at 11978;[2 lots long now];
10.36 am Banknifty sold at 12020 [stoploss points 42 booked for one lot]; one lot long holding;
Gain of 42 Points [1lot]
11.41 am Banknifty bought at 11080 spot
11.47 am Banknifty sold at 11069 spot [2lots]
Minus 53 Points [2lots]
11.59 am sofar, we missed to go short, as till now, Banknifty is not retraced yet;
1.03 pm Sold Banknifty 1 lot at 11970 [we will wait for further upmove to short another lot];
3.25 pm Bought Banknifty at 11988[timefactor]
Minus 18 Points
Net for the day -----Minus 40 Points [5 trades]
Net for September --Gain of 889 Points [26 trades]