NIFTY LEVELS TODAY.

My dear Viewers,

Here is your free Nifty analysis for 11-08-2009.Nifty has come below 4440 and rebounded from 4400 level to close at4437 .Today also we can expect Nifty spot to touch 4400 . If it goes below 4400 then we can see 4300 and 4250 levels.
At this juncture we can play straddle by buying 4400 call and 4400 put. with more bias towards bear side.
Resistances are 4440,4469,4480,4505,4524,4572,4586,4601.
supports are 4400,4380,4352,4341,4307,4294,4267,4247.

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Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.