Probable Market TODAY (28 Nov)

28-11-2008
GOOD MORNING

AT the point Market looks stubbed after blasts and now expected to remain high volatile due to F&O settlement.

Nifty
Prv Close 2752.25
Pivot Point 2715.45
Supports 2676.2>2600>2557
Resistance 2795>2839>2915

Sensex
Prv Close 9026.72
Pivot Point 8915.66
Supports 8770>8512>8366
Resistance 9173>9319>9576

Nifty may try to open Flat to red 2-3%
Volatility Index (VIX) on last closing day = 56.21 (- 5.62%)

ADVISE TO TRADERS AND INTRADAY - flat for 30 mins then V shaped market upto 3 pm, making bottom on 12.30 to 1 pm approx again slight softness, trade with extreme caution.
ADVISE TO INVESTOR COMMUNITY - stay cool now.

Quote: Negotiation is the art of letting the other side have your way. - Daniel Vare

Note: Today's market open is still under question, however if market goes close today then an extraordinary trading day may be conducted on saturday or sunday to make settlement of F&O contracts - nov 2008 series.