Probable Market TODAY (06 Mar)

06-03-2009
GOOD MORNING

AT the point Market looks trapped in between indian economy and global cues,

Nifty
Prv Close 2576.70
Pivot Point 2601.57
Supports 2539>2501>2439
Resistance 2639>2701>2738

Nifty may try to open Flat with red tone.
Volatility Index (VIX) on last closing day = 41.56 (-2.83%)

TRADERS AND INTRADAY - after 10 mins of open market will carry negetive bias with high volatility, but high chances of short cover at end of day .
INVESTOR COMMUNITY - risky players can opt for delivery based from 9th march, but dont expect to much gains in this period, market cant give booster gains in march and april .

QUOTE - The way by which you may get money almost without exception leads downward. - Thoreau, Henry David

Note : due to my personal tour programs, next posting on or after 16th march.