Probable Market TODAY (28 Jan)

28-01-2009
GOOD MORNING

AT the point Market looks under cover rally but intraday expiery volatility cant be denied.

Nifty
Prv Close 2771.35
Pivot Point 2744.63
Supports 2712>2652>2620
Resistance 2804>2837>2896

Nifty may try to open Flat to 1% green.
Volatility Index (VIX) on last closing day = 42.86 (+26.02%)

TRADERS AND INTRADAY - upto 12 the market is postive then sudden volatile, after 2 pm the market would get positive with closing minutes volatility.
INVESTOR COMMUNITY - dont carry any long / short position for short term.

Quote: All the great economic ills the world has known this century can be directly traced back to the London School of Economics. - N.M. Perrera