Probable Market TODAY (04 Dec)

04-12-2008
GOOD MORNING

AT the point Market is sitting critical support point, without any proper way to move.

Nifty
Prv Close 2656.45
Pivot Point 2654.08
Supports 2614>2572>2533
Resistance 2696>2735>2778

Sensex
Prv Close 8747.43
Pivot Point 8734.55
Supports 8614>8481>8361
Resistance 8868>8988>9121

Nifty may try to open Flat to green 1%
Volatility Index (VIX) on last closing day = 54.66 (+ 0.66%)

ADVISE TO TRADERS AND INTRADAY - Confussing market, after 30 minutes of getting stationed, the market looks slight positive but 12 to 1.30 looks depressive again market will get positve upto 3.10 then profit booking may take place. Fresh position at dips may use quick action plan to gain,
ADVISE TO INVESTOR COMMUNITY - if u r in profit go booking gradually and slowly.

Quote: Many mergers turn out to be monumental stinkers, with the acquired company sold after an enormous write-off. Putting two drunks together doesn't make a stable person. - Gary Hamel