Probable Market TODAY (06 Jan)

06-01-2009
GOOD MORNING

AT the point Market looks desparate for a quick consolidation.

Nifty
Prv Close 3121.45
Pivot Point 3103.28
Supports 3075>3028>2999
Resistance 3150>3179>3226

Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 38.60 (- 5.09%)

TRADERS AND INTRADAY - volatile day, since start the selling pressure will lead the market, 2nd and 3rd hour is only relief.
INVESTOR COMMUNITY - Book some profit in opening bell, mid term buyers can take delivery based trades in lows.

Quote: In the world of investment management, it is far better to fail very badly in a conventional way and lose a great deal of money for your client than to lose a little in an unconventional fashion. - Marc Faber