26-11-2008
GOOD MORNING
AT the point Market looks tired and no trading move zone is visible.
Nifty
Prv Close 2654
Pivot Point 2694.3
Supports 2598>2542>2445
Resistance 2750>2847>2903
Sensex
Prv Close 8695.53
Pivot Point 8882.36
Supports 8510>8324>9532
Resistance 9021>9346>9532
Nifty may try to open Flat to green 1%
Volatility Index (VIX) on last closing day = 59.56 (- 5.17%)
ADVISE TO TRADERS AND INTRADAY - Expiery volatility with no trade zone. End of day short cover may appear.
ADVISE TO INVESTOR COMMUNITY - Just wait and watch.
Quote: When you see business execs helicoptering to the golf course, waiters discussing the merits of Intel versus Applied Materials, 22-year-olds in suspenders smoking cigars and drinking Martinis, and houses in the suburbs selling way over the asking price - then you know that the referee has brought the whistle to his lips and is about to blow. The game is nearly over. - James K. Glassman
Wednesday, November 26, 2008
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