04-11-2008
GOOD MORNING
- AT the point Market looks in consolidation mode after recoveries in a row, News from USA elections will effect the market on all moves.
- Nifty (3043.85)
- Pivot 2997
- Supports 2932>2820>2756
- Resistance 3109>3174>3285
- Sensex (10337.68)
- Pivot 10275
- Supports 10176>10014>9915
- Resistance 10436>10535>10697
- Volatility Index (VIX) on last closing day = 67.84 (- 2.14%)
- Nifty will try to open FLAT (+/- 0.5%)
- ADVISE TO TRADERS AND INTRADAY - Starting 30 mins of market looks good then volatity will rule the market, whole day market may face volatility, end 15 mins are expected to show recovery.
- ADVISE TO INVESTOR COMMUNITY - Book your longs at once, or hedge for this week and next week start, within 20 mins of Opening today.
- Quote: Statistics are like prisoners under torture: with the proper tweaking you can get them to confess to anything. - John Rothchild
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"
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