NIFTY LEVELS TODAY.

My dear Viewers,

Niftyon 03-08-2011
Prcl:5456.55	Op:5402.00	Hi:5422.60	Lo:5378.85	Cl:5404.80

Here is your free Nifty analysis for 04-08-2011.
Nifty has touched 5400 now. Below this nifty may go to 5350 range.Now buy a straddle 5400call and 5400 put .Near 5350 book profit of put if market tends to move up.Nifty is down below both EMA and SMA of 50,200 days.If you see 3 months graph it is has formed top and lower top along 200SMA. So we can infer unless Nifty passes above these levels 5693 there no upward movements.

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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.