Nifty Traded as per prediction ...

SMS sent at 7 .04 AM

91970205xxxxVishal mumbai 

Sent: 2011-03-16 07:04

Good Morning ...shorters trapped...market will be heading towards 5700..expecting todays start at 5500+... 

- Sent via WAY2SMS.COM

and market traded at 5500 at  9:16:29 AM

dhanvarshagrp (3/16/2011 9:10:31 AM): Nifty spot set to open at 5475.95

dhanvarshagrp (3/16/2011 9:15:48 AM): spot 5495

dhanvarshagrp (3/16/2011 9:15:57 AM): 5499

dhanvarshagrp (3/16/2011 9:16:29 AM): 5500 done as predicted

Nifty fell at 14.22 ...possible reason ...

Raja's close aide Batcha's suicide note found

http://ibnlive.in.com/news/rajas-close-aide-sadiq-batcha-commits-suicide/146105-3.html

A close aide of jailed former telecom minister A Raja, Sadiq Batcha was on Wednesday found dead in his Chennai home. Though the police and his family suspect suicide, foulplay is not being ruled out in the case.

Batcha's suicide note was found by the police on Wednesday evening. In the note, Batcha says he was embarrassed by CBI raids and has blamed no one for his action.

Batcha incidentally was booked on a flight to Delhi on Wednesday to appear before the CBI for questioning.

A saree seller turned right hand man of union minister A Raja, 37-year-old Sadiq Batcha's end came as suddenly as his rise from rags to riches.

Batcha's body was found hanging from the ceiling of his Chennai residence on Wednesday afternoon. When all attempts to revive him failed, Batcha's family rushed him to Apollo hospital but the doctors declared him 'brought dead'.

"At 1.20 pm he was found hanging in his room by his wife Banu who rushed him to the Apollo Hospital where we was declared brought dead. We are yet to commence investigations. His wife is yet to lodge a formal complaint. Once she does we will start our investigations. We haven't searched the house yet. The house is locked and we have kept it guarded," said Chennai Police Commissioner T Rajendran.