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

EOD Report for 17-09-2010

Levels given today: [Refer Trading Rules]
NIFTY
Buy Above/SL 5876/19557 Target 5915/19672
SAR/Sell Below 5852/19487 Target 5805---5785/19347---19285
Sell Below/SL 5781/19278 Target 5742/19164
SAR/Buy Above 5806/19348 Target 5852--5872/19487---19550

BANK NIFTY
Buy Above/SL 12185 Target 12310
SAR/Sell Below 12107 Target 11956---11890
Sell Below/SL 11880 Target 11754
SAR/Buy Above 11957 Target 12108---12175

Trade Diary for the Day
09.06 am Bought one nifty at 5876
09.14 am Bought another nifty at 5876 [sensex already in buy mode above the buy trigger];
09.37 am keep stoploss of 5896 [20 pointlevel];
9.39 am Sold one Nifty at 5896;
Plus 20 Points[1lot]--one lot still holding;
10.33 am Bought one Nifty at 5876; 2 lots long now;
11.51 am Sold one Nifty at 5896[20 points level];---one lot long now;keep 5881 for the other;
Plus 20 Points [1lot];
1.28 pm Sold one nifty at 5881.[no position now]
Plus 5 Points [1lot];
Net for the day ---------------- Gain of 45 Points [3 trades]
Net for September------------- Gain of 471 Points [35 Trades]
-----------------------------------------------------------
10.03 am Banknifty sold at 12107 [2lots]
2.57 pm Banknifty bought at 12057[1lot]
Plus 50 Points [1lot]-----1 lot still long holding;
3.25 pm Banknifty bought at 12125
Minus 18 Points
Net for the day----------------------- Gain of 32 Points [2 Trades]
Net for September------------------- Gain of 1182 Points [36 Trades]

For 17-09-2010, Friday

NIFTY SPOT 5828.7
SENSEX SPOT 19417.49
BANKNIFTY SPOT 12032.05

Levels for today [Refer trading rules]

NIFTY
Buy Above/SL 5876/19557 Target 5915/19672
SAR/Sell Below 5852/19487 Target ----------------------
Sell Below/SL --------------- Target ------------------------
SAR/Buy Above ------------- Target--------------------

BANK NIFTY
Buy Above/SL 12185 Target 12310
SAR/Sell Below 12107 Target --------------------------
Sell Below/SL ---------- Target ---------------------------
SAR/Buy Above --------Target --------------------------