29-10-2008
GOOD MORNING
AT the point Market looks consolidating with volatility due to expiery.
Nifty (2684.2)
Pivot 2636
Supports 2575>2466>2405
Resistance 2745>2805>2915
Sensex (9008.08)
Pivot 8991
Supports 8926>8843>8778
Resistance 9074>9139>9221
Nifty will try to open with positive node of 3%
Volatility Index (VIX) on last closing day = 70.27 (+ 4.10%)
ADVISE TO TRADERS AND INTRADAY - Despite of high open, market expected to remain busy in bull bear fights whole day, and will face softness at last hour of day.
ADVISE TO INVESTOR COMMUNITY - try to exit the pains of portfolio at highs levels, go selective to make shopping lists, make only debt free companies listed in your portfolio at present scenerio for long term.
Quote: The louder he talked of his honour, the faster we counted our spoons. - Ralph Waldo Emerson
Disclaimer :"above is my personal observation, may not match with market trends, posted for information purpose only, Please consult your finance advisor before entering any investment / trading descision"
Wednesday, October 29, 2008
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