Mid March Review of NIFTY

I never expected I would be writing so soon!
Its already mid March and we have very few trading sessions left now - hardly 10 days!

A view of NIFTY shows its now down from the levels of 2785 to 2570! It went even as low as 2518 a few days ago. As of today 12th March 2009 zero point at 2600 is about 150 Rs. This shows the signal that March going to be between 2450-2750 nifty and mostly as there appears good support around 2500 NIFTY may close just above 2500 as there is no international momentum that can give a little bit kick upwards moments for NIFTY

So who moves my NIFTY this time? Try selling at good points 2500 NIFTY Put and 2700 NIFTY Call your Options may expire worthless and you may pocket some handsome Premium for March 2009

cheers
JK