27-06-2008 Views

Hi, Nifty has closed above 4300 whis is a good sign for short term uptrend.This uptrend may go up to 4400 if 4300 level is protected by bulls and take a down ride .But before taking upward journey, profit booking will take Nifty to 4100,4000 levels. Lot of buying may emerge at these lower levels. I would buy 4400c and 4300 put and book profit when the investment is in the money. 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.