Probable Market TODAY (24 Nov)

24-11-2008
GOOD MORNING

AT the point Market looks firm but volatility due to expiery cant be denied.

Nifty
Prv Close 2693.45
Pivot Point 2650.62
Supports 2583>2472>2403
Resistance 2761>2829>2940

Sensex
Prv Close 8915.21
Pivot Point 8781.85
Supports 8576>8236>8029
Resistance 9121>9328>9667

Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 64.46 (- 1.66%)

ADVISE TO TRADERS AND INTRADAY - under mixed volatity market will try to gain in 2nd half, but last 30 mins may go soft again.
ADVISE TO INVESTOR COMMUNITY - Keep booking profit at highs!!

Quote: I'd be a bum on the street with a tin cup if the markets were efficient. - Warren Buffett on the efficient market hypothesis