NiftyEOD Chart, 20-03-09

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

EOD view: Markets rangebound for last 2-3 days.... this is gap and Fib resistance.

Long positions shd be held with stoploss 2770. If this breaks on closing basis, one can write 2800 calls.

Markets are at upper end of new channel drawn (EOD charts). NExt week shd be interesting.