Probable Market TODAY (07 Jan)

07-01-2009
GOOD MORNING

AT the point Market looks under little consolidation which may go upto coming monday.

Nifty
Prv Close 3112.80
Pivot Point 3103.57
Supports 3065>3018>2980
Resistance 3151>3189>3237

Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 38.73 (+ 0.34%)

TRADERS AND INTRADAY - volatile day, whole day ups and downs, in between market will try to make peaks around 11 and 1 pm under volatility, end of day is not so good so dont wait upto end of day.
INVESTOR COMMUNITY - Book some profit in mid day, mid term buyers can Hold portfolio.

Quote: Too many people are apt to redeem their profits too quickly. In a huge bull market they wind up with piddling profits, only to watch their former holdings soar. That usually prompts them into making mistakes later when, believing that the market owes them some money, they buy at the wrong time at much higher levels. - Martin Zweig