Mar 16, 2011

EOD Update March 16 2011

Inspiration never Arrived when we were searching for it .....

Today too the major range could not get resolved.While updating the Europe and US have trimmed all gains. Looks like they were just waiting for our market to close.The Portugal Bailout is the issue now.. Also nifty futures resisted today at the upper band and failed to close above Monday's high.



For tomorrow too the resistance lies in the band of 5545-5555 above which 5585 is possible.Below 5514 we would visit 5475 - 5414 - 5370 at the max.Much depends on where we open tomorrow. Also the credit policy will give some direction to the market.

Crucial times ahead ..... Don't loose hope .... But Gain Patience ....

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