Probable Market Today (06-Nov)

06-11-2008
GOOD MORNING

AT the point Market is under consolidation phase and will continue for few days more.

• Nifty (2994.95)
• Pivot 3069
• Supports 2897>2799>2628
• Resistance 3166>3338>3436
  

• Sensex (10120.01)
• Pivot 10372
• Supports 9799>9478>8905
• Resistance 10693>11266>11587
  

• Nifty may try to open Flat to red 3%
• Volatility Index (VIX) on last closing day = 66.75 (+ 4.60%)
  

ADVISE TO TRADERS AND INTRADAY - market upto 1 pm is with less movements, Whole day looks only slip down, no major recovery is visible.

ADVISE TO INVESTOR COMMUNITY - Stay hedged, no buy no sell now.

Quote: People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth. - Edwin Lefevre

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"