Probable Market TODAY (18 Nov)

18-11-2008
GOOD MORNING

AT the point Market as expected to remain volatile or in consolidation phase.

Nifty
Prv Close 2799.55
Pivot Point 2776.58
Supports 2717>2635>2576
Resistance 2859>2918>3000

Sensex
Prv Close 9291.01
Pivot Point 9228
Supports 9020>8749>8541
Resistance 9499>9707>9978

Nifty may try to open Flat to red 2%
Volatility Index (VIX) on last closing day = 85.13 (+ 21.48%)

ADVISE TO TRADERS AND INTRADAY - High degree of volatility in market, around 11 am an illusion high may be seen in market, balance whole day may suffer with negetive bias. in 2nd half we may see selling pressure too.

ADVISE TO INVESTOR COMMUNITY - Keep portfolio hedged !!

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"