NiftyEOD Chart, 17-03-09

This is for education purpose only and may not be useful for trading



EOD view: Markets take a pause near 2800...this is gap and Fib resistance.The rally is 6 days old and this bear phase, most rallies have seldom lasted longer.



Long positions shd be held with stoploss 2700. If this breaks on closing basis, one can write 2800 calls.