10-06-2008 Views

Hi, On 9-6-2008 Nifty touched Jan08 lows and went below. Lot of buying emerged at that point and managed to close at 4500 which was a very good support point before and now a resitance.ON March 17th it closed at4503 and if Nifty trade below 4500 and unable to close above 4500 convincingly the Nifty will tank more. If Nifty goes down next strong support will be around 4350 that is August first week level.My inner feeling says if the traders buy 4500 call and 4500 put they stand to gain . While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.