NIFTY LEVELS TODAY.

My dear Viewers,

Here is your free Nifty analysis for 09-09-2009.Nifty went past 4800 and the resistance became support .Nifty took support at 4782 (4782.90 4782.85 4842.20 4782.65 4805.25) and closed at 4805.
Today if nifty goes below 4800 level the support will be 4785 and below which 4700. The OI is high for 4600 put and it will play a major roll in arresting the down fall.
Nifty has to go above 4850 to be on upper side.we can buy 4800 call and 4800 put and carry till the settlement day. In the mean time any swing can be used to book profit.

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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.