Probable Market TODAY (2 Dec)

02-12-2008
GOOD MORNING

AT the point Market is under global cues pressure while looking for support on home front.

Nifty
Prv Close 2682.90
Pivot Point 2728.42
Supports 2624>2565>2461
Resistance 2787>2892>2951

Sensex
Prv Close 8839.87
Pivot Point 8989.96
Supports 8653>8467>8129
Resistance 9177>9513>9700

Nifty may try to open Flat to red 2%-3%
Volatility Index (VIX) on last closing day = 55.26 (- 3.8%)

ADVISE TO TRADERS AND INTRADAY - Every Hour market is changing mood, starting with 1st hour upward move, so get quick to manage the trades.
ADVISE TO INVESTOR COMMUNITY - Be Buyer (small quantity) on dips for very short term of 2-3 days.

Quote: Blessed are the young, for they shall inherit the national debt. - Herbert Hoover