11-12-2008
GOOD MORNING
AT the point Market is under cautious mood to go either side, inflation figures may turn the game.
Nifty
Prv Close 2928.25
Pivot Point 2884.70
Supports 2829>2730>2675
Resistance 2983>3039>3138
Sensex
Prv Close 9654.90
Pivot Point 9537.92
Supports 9397>9139>8999
Resistance 9796>9936>10194
Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 50.36(+ 0.16%)
ADVISE TO TRADERS AND INTRADAY - after opening 10 mins market is slight positive upto 11.35 unreliable highs, and market may take decline in 2nd half however one upmove 12.40 to 14 we may get. trade with caution today.
ADVISE TO INVESTOR COMMUNITY - Book your longs on every rise or stay hedged for your portfolio for next 3 days !
Quote: Good management to Wall Street means nothing more than a company with three consecutive quarters of rising earnings. Make it four quarters and you have great management. But exciting performance numbers by themselves aren't enough to qualify managers as superior, at least not in my book. One good year or two could be a fluke. Or maybe current management's predecessors set operations up so well that the incumbents haven't had time to wreck everything. - Ralph Wanger
Thursday, December 11, 2008
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