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Chennai, Tamil nadu, India

Thursday 19 May 2011

NIFTY LEVELS TODAY.

My dear Viewers,
Niftyon18-05-2011
Prcl:5438.95 Op:5448.20 Hi:5460.50 Lo:5401.25 Cl:5420.60

Here is your free Nifty analysis for 19-05-2011.
Nifty is below the lower line of channel formed connecting Feb11 low and low formed on March21.Till Nifty goes above this channel( this makes interesting study; http://www.investopedia.com/articles/trading/05/020905.asp?partner=COTW05)If Nifty goes below 5400 it has the chance of touching 5300 level. People bought the 5500call and 5500 put can book profit and keep the call, when it struggles to go below yesterday's low.


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.

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