Probable Market TODAY (05 Dec)

05-12-2008
GOOD MORNING

AT the point Market is looks positive, however global cues are the barrier to upmove, but expected that after breaking resistance market will show its colours above 9330 in sensex.

Nifty
Prv Close 2788.00
Pivot Point 2742.72
Supports 2692>2695>2544
Resistance 2839>2890>2987

Sensex
Prv Close 9229.75
Pivot Point 9067.17
Supports 8889>8549>8371
Resistance 9408>9586>9926

Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 51.84(- 5.16%)

ADVISE TO TRADERS AND INTRADAY - market may face depression two times 12.00 for 45-55 mins and 14.30 again, balance of day is looking positive among volatility.
ADVISE TO INVESTOR COMMUNITY - Book profit in 1st half of market at highs.


Quote: In the stock market, as with horse racing, money makes the mare go. Monetary conditions exert an enormous influence on stock prices. Indeed the monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market's major direction. - Martin Zweig