Options as we call wasting assets, are a very powerful tool to find a trend of a particular financial instrument been traded on an exchange. According to my interpretation i find that Nifty has a strong support at 5000-5100 and a strong resistance near 5400-5500 levels. Nifty is expected to remain in this tunnel for some time.
At present there is an intermediate resistance at 5300 which wont be difficult to break, its reliance, and other heavyweights which might cause some hurdle in initial stages.
Sunday, January 10, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment