Wednesday, August 25, 2010

Nifty Trade for 25-8-10

Nifty after a fast rise to 5540++ level agin fall near to previous resistence level of 5485.
Now carefully watch 5485 level if it break & sustain for 15 min below it,Nf can touch 5465 today.
As expiry tomorrow I guess a level of 5480-5500 as per Option openintrest.

Trades for today
Buy Nf @ 5485 SL-5479 T-5500,5522
Short Nf @ 5512 Sl-5524 T-5500,5485

Buy Bn @ 10975 Sl-10950 T-11000,11020,11050
Short Bn @ 11040Sl-11070 T-11000,10980

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