Probable Market TODAY (24 Mar)

24-03-2009
GOOD MORNING

AT the point Market looks locked in upper band of resistance and needs some cooling down, but global cues are retrenching it.

Nifty
Prv Close 2939.90
Pivot Point 2898.97
Supports 2848>2756>2706
Resistance 2991>3041>3133

Nifty may try to open Flat to positive with flat bias
Volatility Index (VIX) on last closing day = 37.63 (+7.95%)

TRADERS AND INTRADAY - 2 Hours flat market then slight positive for 1 hour then again some depression, market is locked in upper resistance.
INVESTOR COMMUNITY - make fresh shopping list.

QUOTE - Make sure the thing you're living for is worth dying for. - Mayes, Charles