Probable Market TODAY (18 Mar)

18-03-2009
GOOD MORNING

AT the point Market looks stretched and volatility cant be ruled out.

Nifty
Prv Close 2757.45
Pivot Point 2767.25
Supports 2729>2700>2662
Resistance 2796>2834>2863

Nifty may try to open Flat with positive sparks for few minutes.
Volatility Index (VIX) on last closing day = 38.47 (+4.99%)

TRADERS AND INTRADAY - volatility packed day, both side movements are very sharp, avoid trading for first 20 mins.
INVESTOR COMMUNITY - Keep booking profit at all levels, dont make any fresh position.

QUOTE - I just need enough to tide me over until I need more. - Hoest, Bill