INDIAN STOCK MARKET VIEW FOR MARCH 16, 2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY         5,380.50         -83.40         -1.53 %

Watch 5500 and 5202 closely.Mostly the direction of the market will be clear by Monday evening.5202 is 200 dma and 5500 is the neckline of small Inverted Shoulder- Head-Shoulder pattern.If 200 dma is not broken, Markets will be bullish.

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