NIFTY LEVELS TODAY.

My dear Viewers,

Niftyon18-10-2011
Prcl:5118.25	Op:5049.45	Hi:5057.50	Lo:5011.05	Cl:5037.50

Here is your free Nifty analysis for 19-10-2011.Nifty has made three tops between September and October at 5169 ,5168 and 5160 .On all these occasions Nifty could not hold and came down to 4740 level and came up. Now Nifty is resting above the 20 DMA 5003 and closed at 5037.50.If Nifty does not go below 5003 and if good buying emerge we can see Nifty going to 5169 and 5200. Again these levels are to be watched since they are high resistance levels. Nifty has strong movements between 4740 and 5200 . Unless Nifty breaks either level strongly we cannot see a definite trend.

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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.