Probable Market TODAY (19 Mar)

19-03-2009
GOOD MORNING

AT the point Market looks stressed to go up so the rule of gravity applies.

Nifty
Prv Close 2794.70
Pivot Point 2794.33
Supports 2753>2711>2669
Resistance 2836>2878>2920

Nifty may try to open Flat.
Volatility Index (VIX) on last closing day = 38.19 (-0.73%)

TRADERS AND INTRADAY - 1st hour flat to negetive bias then market will turn slight positive for 2 hrs and flat upto eu market, then profit booking expected to take place.
INVESTOR COMMUNITY - Keep booking profit at all levels, dont make any fresh position.

QUOTE - God shows his contempt for wealth by the kind of person he selects to receive it. - O'Malley, Austin