Probable Market TODAY (03 Mar)

03-03-2009
GOOD MORNING

AT the point Market looks trapped in between indian economy and global cues, recession effects are taking control over growth story.

Nifty
Prv Close 2674.60
Pivot Point 2699.58
Supports 2635>2595>2530
Resistance 2740>2805>2845

Nifty may try to open Flat to red 1%
Volatility Index (VIX) on last closing day = 43.36 (+6.77%)

TRADERS AND INTRADAY - upto 12, ups and downs but trading oppertunities, then a small gap downside, 12.30 onwards market looks firm for 45 mins. followed by volatility upto end of day.. a flat to positive day upto eu market.
INVESTOR COMMUNITY - stay cool., coming days of the fortnight are looking horrible.

QUOTE - If I don't need the money, I don't work. - Spader James