22-09-2008 Views

Hi, Nifty went up with a bang and finished 207 points up. It closed above critical resistance level 4200 (now critical support), below which it may touch 3895 and 3875.If Nifty cannot rebound from this level it may see some more downside. If Nifty sustains above 4200 then it may reach 4300 and above 4400 where again it will see some selling pressure. It is prudent to buy 4200 c when market tanks first and hedge with 3900 put and carry through. Please don't follow this recommendation blindly with out doing your own analysis.The author is noway responsible for any losses.