Sunday, August 03, 2008

NSE NIFTY - Resistance Levels

It would take some real triggers for NSE NIFTY to break through. It has strong resistance at 4450 level. Post that it would encounter resistance at around the 4525 to 4540 levels and the second at 4650 levels. If it breaks above these levels, nifty could see a huge upward swing. But to close above that would require huge positive fundamental triggers.

Options Strategy: Buy Put options, Write Call Options at 4450

August 4, 2008

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