As forecast earlier this is one of the most crucial weeks for the world stockmarkets
as the monthly wave is crossing the great bear wave during 09-03-2009 to
13-03-2009 which may expose the markets to heavy selling pressure and force a revisit of the October 2008 lows if institutional support is not strong.Hence cautious trading is advised for the entire week.
On 09-03-2009 , the market may open on positive note but selling pressure develops immediately which continues upto 10.17. After this a short positive wave is also seen opposing the negative wave upto 14.17 when the negative wave may take control of the market. Watch
the decisive change at 12.42.
Important momentum changes may be visible in the market at 10.17,12.21,12.42,12.59,14.17 etc.
Especially be cautious at10.57-11.18, 11.39-12.0,13.03-13.45,15.09-15.30 etc.
Nifty futures likely to get support at 2600,2591,2582,2557,2549,2539,2515,2490,2456 etc
and face resistrance at 2617,2625,2634,2643,2660,2677,2702,2736 etc.
These forecasts are given for general information only. The markets may behave contrary also.
All market actions will be at the individual's own risk.
Vidyabhaarati.
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