Probable Market TODAY (17 Mar)

17-03-2009
GOOD MORNING

AT the point Market looks flat and this consoildation phase is expected to remain for medium to long term.

Nifty
Prv Close 2777.25
Pivot Point 2753.72
Supports 2725>2674>2645
Resistance 2805>2834>2885

Nifty may try to open Flat.
Volatility Index (VIX) on last closing day = 36.64 (+3.01%)

TRADERS AND INTRADAY - after two hours of flat movements market will carry positive bias upto 2 pm, profit booking on cards after 2 pm.
INVESTOR COMMUNITY - Keep booking profit at all levels.

QUOTE - When a man says money can do anything, that settles it. He hasn't any. - Howe, Edgar Watson