technical view on market 29.03.07

MARKETS HAVE BROKEN DOWN FROM THE SUPPORT LEVEL MENTIONED BY US IN THE WEEKLY NEWSLETTER.3770.BUT WE LINK THE FALL TO THE FNO SETTLEMENT SCHEDULED FOR TOMORROW BY OPTIMISTIC IMAGINATION IS 3850 BUT ITS A HIGHLY OPTIMISTIC SCENARIO.WE CAN EXPECT BOUTS OF VOLATILTY TOMORROW.NIFTY ROLLOVER IS STILL SLUGGISH.WE ARE EXPECTING A RECOVERY IN THE SECOND HALF FOR TOMORROWS TRADING SESSION.ONE THING IS FOR GURANTED THAT EVERYONE WILL SEE A REAL TUSSLE TOMORROW BETWEEN BULLS AND BEARS .WE ADVICE TO CASH ON THIS TUSSLE BY BUYING A 3700CE OF NIFTY AND A 3800 PE OF NIFTY ANY BREAKUP OR A BREAKDOWN WILL BE HIGHLY REWARDING AND THE MAXIMUM PREMIUM BLOCKED WILL BE 20 RS OR SO.