19-3-2009 trading shows that though markets were flat the inner current is bullish even today. Nifty closed with good recovery at 2807 + 12 points. F & O data and FII statistics are all positive. But the point is that nifty has not crossed the strong resistance 2835-2860. Till then we may hope that markets may fall down to the target level of 2350 with in 3 weeks. Global cues are that Dow felt resistance at current level and the next day is settlement day for them. If Dow won't rise on Monday's trading one may see more weakness in Dow for the coming week.
Trade expectation:
If nifty won't crosses 2860 at closing today one may go for puts in this month/ & next month for good targets with stop loss nifty 2920.
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