Expected NIfty Range for 9/3/2011

Nifty Range is derived from the Volatility using Last 10 days Nifty Closing Price. And Fibonacci  Ratio is used to calculate the values for up or down move.

The above is purely for intraday.

Buy at 0.382 Fib ratio 5557.38/5558  Stop loss 5546. (5521 ready to risk 40 points)
Sell at 0.382 Fib ratio 5484.22/5485  Stop loss  5495. (5521 ready to risk 40 points)

Below is with My R & D Fib Levels.

if trend is up,  Nifty should sustain above 5560
if trend is down, Nifty should sustain below 5482