21-11-2008
GOOD MORNING
AT the point Market looks sluggish, but short cover may take place.
Nifty
Prv Close 2553.15
Pivot Point 2563.42
Supports 2493>2432>2361
Resistance 2624>2695>2755
Sensex
Prv Close 8451.01
Pivot Point 8435.95
Supports 8331>8212>8107
Resistance 8556>8660>8780
Nifty may try to open Flat to red 2%
Volatility Index (VIX) on last closing day = 65.55 (+ 7.74%)
ADVISE TO TRADERS AND INTRADAY - No clear trend, short covering expected. AVOID F&O on mere tips (for couple of days).
ADVISE TO INVESTOR COMMUNITY - buy at dips !!
Quote: In the search for companies to acquire, we adopt the same attitude one might find appropriate in looking for a spouse: it pays to be active, interested, and open-minded, but it does not pay to be in a hurry. - Warren Buffett
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