Probable Market TODAY (03 DEC)

03-12-2008
GOOD MORNING

AT the point Market is volatile under mixed global cues and FLAT for gains.

Nifty
Prv Close 2657.80
Pivot Point 2633.8
Supports 2595>2532>2493
Resistance 2697>2736>2800

Sensex
Prv Close 8739.24
Pivot Point 8663.90
Supports 8543>8346>8225
Resistance 8860>8982>9178

Nifty may try to open Flat to green 1%
Volatility Index (VIX) on last closing day = 54.30 (- 1.74%)

ADVISE TO TRADERS AND INTRADAY - Market is expected to form V twice today, 11.35 and 2.40 is the time when depression may start. Can be called a FLAT day.
ADVISE TO INVESTOR COMMUNITY - Wait and watch.

Quote: Each time, it's a nice little company, nice people, modestly successful. Then you bring in the VC money - it's like putting jet engines on a VW. They expect that, within a year and a half, they will get back ten times their money . . . It runs up against the laws of physics. It's like putting nine women together and trying to make a baby in one month. - Dennis Faust