Market Direction - September ( Will This Rally Sustain )

In last two trading sessions we have seen big rally but will it long last.

Big question ? Some says yes some says no.

Our View  :

This rally is definetly going upto 5060 which may occur on friday itself.

Next we will find tough way going towards 5150.

This zone will act as reverse point upto 4900. The downfall can come in week of 8th - 12th.

If market sustains 5000 level during this week then we are definetly upto 5330.

Any further move will be depend on RBI action on 16th.

But if 4980 - 5060 zone does not sustains in next week then we may see downfall upto 4780.

Market will find support at 4780 and then can be rangebound for rest of the month.

Range between 4780 -5255.

Any more downfall beyond 4780 is not likely unless something really bad comes out globally.

Trade Summary - August

As indicated in our previous post, we were providing free Tips in NIFTY FUTURES for the month of August. Our trade summary is shown below. Any one tally and check tips provided on our wall.

Investment, 1 Lac,  3 Lots of Nifty - Profit : 42,400

Investment, 2 Lacs, 6 Lots of Nifty - Profit : 84,800

Date	Entry Price	Exit Price	P/L	3 Lots	6 Lots
1-Aug	Buy @ 5527	5531	5	750	1500
1-Aug	Buy @ 5513	Hold
2-Aug	5513 Hold	5482	-31	-4650	-9300
9-Aug	Buy @ 5040	1st Lot 5090	50	2500	5000
9-Aug	5040	2nd Lot 5140	100	5000	10000
9-Aug	5040	3rd Lot 5045	5	250	500
9-Aug	Buy @ 5040	Hold
10-Aug	5040 Hold	1st Lot 5190	150	7500	15000
10-Aug	5040 Hold	2nd Lot 5140	100	5000	10000
10-Aug	5040 Hold	3rd Lot 5155	115	5750	11500
10-Aug	Sell @ 5155	Hold
11-Aug	5155 Hold	3 Lots @ 5150	5	750	1500
11-Aug	Buy @ 5150	1st Lot 5175	25	1250	2500
11-Aug	5150	2nd and 3rd Lot 5155	5	500	1000
16-Aug	Sell @ 5115	1st Lot 5090	25	1250	2500
16-Aug	5115	2nd Lot 5035	80	4000	8000
16-Aug	5115	3rd Lot 5015	100	5000	10000
16-Aug	Buy @ 5015	1st Lot 5040	25	1250	2500
16-Aug	5015	2nd Lot 5045	30	1500	3000
16-Aug	5015	3rd Lot 5045	30	1500	3000
17-Aug	Sell @ 5070	1st Lot 5065	5	250	500
17-Aug	5070	2nd Lot 5065	5	250	500
17-Aug	5070	3rd Lot 5065	5	250	500
18-Aug	Sell @ 5077	1st Lot 5056	-21	-1050	-2100
18-Aug	5077	2nd Lot 5056	-21	-1050	-2100
18-Aug	5077	3rd Lot 5056	-21	-1050	-2100
18-Aug	Sell @ 5020	1st Lot 5000	-20	-1000	-2000
18-Aug	5020	2nd Lot 5000	-20	-1000	-2000
18-Aug	5020	3rd Lot 5000	-20	-1000	-2000
18-Aug	Sell @ 4970	1st Lot 4940	-30	-1500	-3000
18-Aug	4970	2nd Lot 4940	-30	-1500	-3000
18-Aug	4970	3rd Lot 4940	-30	-1500	-3000
22-Aug	Sell @ 4868	1st Lot 4827	41	2050	4100
22-Aug	4868	2nd Lot 4815	53	2650	5300
22-Aug	4868	3rd Lot 4815	53	2650	5300
22-Aug	Buy @ 4815	1st Lot 4875	60	3000	6000
22-Aug	4815	2nd Lot 4875	60	3000	6000
22-Aug	4815	3rd Lot 4875	60	3000	6000
22-Aug	Sell @ 4875	1st Lot 4868	7	350	700
22-Aug	4875	2nd Lot 4868	7	350	700
22-Aug	4875	3rd Lot 4868	7	350	700
23-Aug	Buy @ 4904	1st Lot 4890	-14	-700	-1400
23-Aug	4904	2nd Lot 4890	-14	-700	-1400
23-Aug	4904	3rd Lot 4890	-14	-700	-1400
23-Aug	Sell @ 4935	1st Lot 4942	-7	-350	-700
23-Aug	4935	2nd Lot 4942	-7	-350	-700
23-Aug	4935	3rd Lot 4942	-7	-350	-700
26-Aug	Buy @ 4840	1st Lot 4865	25	1250	2500
26-Aug	4840	2nd Lot 4865	25	1250	2500
26-Aug	4840	3rd Lot 4865	25	1250	2500
29-Aug	Buy @ 4830	1st Lot 4860	-30	-1500	-3000
29-Aug	4830	2nd Lot 4860	-30	-1500	-3000
29-Aug	4830	3rd Lot 4860	-30	-1500	-3000
30-Aug	Buy @ 4935	1st Lot 4933	-2	-100	-200
30-Aug	4935	2nd Lot 4933	-2	-100	-200
30-Aug	4935	3rd Lot 4933	-2	-100	-200
			Total	42400	84800