Probable Market TODAY (10-Nov)

10-11-2008
GOOD MORNING

AT the point Market is expected to remain volatile without any perticular direction, week to week close basis expected lower side in this week.

• Nifty
• Prv Close 2973
• Pivot Point 2948
• Supports 2885>2998>2736
• Resistance 3035>3098>3185

• Sensex
• Prv Close 9964.29
• Pivot Point 9887
• Supports 9709>9453>9275
• Resistance 10143>10321>10576

Nifty may try to open FLAT to green 1.0%
Volatility Index (VIX) on last closing day = 67.22 (-2.95%)

ADVISE TO TRADERS AND INTRADAY - 25 mins from opening and 90 mins prior to EU market looks firm for upmove, balance whole market is looking volatile with negetive bias


ADVISE TO INVESTOR COMMUNITY - caution for this week - try to sell at highs, if not done - then stay hedged.

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

Disclaimer : "above is my personal observation, may not match with market trends, posted for information purpose only, Please consult your finance advisor before entering any investment / trading descision"