Probable Market TODAY (17 Dec)

17-12-2008
GOOD MORNING

AT the point Market is looking pleasent with global cues, and expected to get on upmove upto weekend atleast.

Nifty
Prv Close 3041.75
Pivot Point 3019.20
Supports 2986>2930>2897
Resistance 3075>3108>3164

Sensex
Prv Close 9976.98
Pivot Point 9925.50
Supports 9842>9707>9623
Resistance 10061>10144>10280

Nifty may try to open Flat to green 2%
Volatility Index (VIX) on last closing day = 44.91(- 6.63%)

TRADERS AND INTRADAY - after 2 Hours of strong market, softness may appear with volatility which may get covered at end of day, "avoid positional time bound instruments ( option trading) for 3 days."
INVESTOR COMMUNITY - get rid of weak stocks at this week !!

Quote: The louder he talked of his honour, the faster we counted our spoons. - Ralph Waldo Emerson