NIFTY LEVELS TODAY.

My dear Viewers,

Here is your free Nifty analysis for 17-08-2010.
Nifty closed at 5418 which is a good support level and Nifty may go up further and find its resistance at 5500.Instead of following upward journey from this point if Nifty comes to 5350 and moves up the move will be more powerful and cross 5500 to make anew high.If Nifty stays above 5418 convincingly you can go ahead to buy ,but with hedging/stoploss.

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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.