10-12-2008
GOOD MORNING
AT the point Market is looks in mood of profit booking at all highs, nifty may run sideways for couple of days.
Nifty
Prv Close 2784.00
Pivot Point 2786.75
Supports 2712>2640>2565
Resistance 2859>2934>3006
Sensex
Prv Close 9162.62
Pivot Point 9230.14
Supports 9028>8894>8692
Resistance 9365>9567>9701
Nifty may try to open Flat (1% green possible)
Volatility Index (VIX) on last closing day = 50.28(- 3.40%)
ADVISE TO TRADERS AND INTRADAY - after opening 10 mins market is slight positive upto 11.15 then its expected to get low due to profit booking, in 2nd half market will try several times to go up but whether it will be able to go up??
ADVISE TO INVESTOR COMMUNITY - Book your longs on every rise or stay hedged for your portfolio for next 2-3 days !
Quote: It is unanimously and without qualification assumed that when anyone gets into debt, the fault is entirely and always that of the lender and not the borrower. - Bernard Levin
Wednesday, December 10, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment