NIFTY LEVELS TODAY.

My dear Viewers,

Here is your free Nifty analysis for 16-08-2010.
Nifty has not closed below the support level of 5440. The option in index shows still 5600 and 5500 call are high as well as 5300 put. We can see nifty going high up to 5500 .If it goes above 5500 it may get resisted at 5501,5519,5525,5539,5565.Below 5500 resistance will be 5460,5486,5490.Nearing the high we can see lot of ups and down.So don't invest at one go .Invest looking opportunities to buy at lesser price and buy with proper hedging.

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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.