With the negative global cues, our market will open flattish to bit negative and trade lower for the day, expect high volatility in few scrip’s due to increase in margin.
Until the market trades between 2750- 2830 levels, It’s very difficult to predict the market direction, but over all I am bearish in the coming days ahead the settlement and the general election, Look very difficult for this current rally to sustain at higer levels.
Today technically nifty can take support at 2770/2750/2730 levels and has resistance at 2815/2830/2850 levels.
On the lower side 2730 level will have a strong support and on the higher side strong resistance at 2830 levels.
BSE, NSE Stock Ticker, India
Thursday, March 19, 2009
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