Probable Market TODAY (18 Dec)

18-12-2008
GOOD MORNING

AT the point Market is looking in fight over bulls and bears, however after previous day, the profit booking at end cant be ruled out.

Nifty
Prv Close 2954.35
Pivot Point 2991.35
Supports 2906>2859>2774
Resistance 3039>3124>3172

Sensex
Prv Close 9715.29
Pivot Point 9823.77
Supports 9574>9434>9184
Resistance 9965>10214>10355

Nifty may try to open Flat to green 1%
Volatility Index (VIX) on last closing day = 49.97(+ 11.27%)

TRADERS AND INTRADAY - 1st 2 hours UP- then down + volatile.( avoid BTST/STBT for 2 days)
INVESTOR COMMUNITY - exit your longs upto 11.30 am positive,

Quote: In white collar situations, they don't think of themselves as thoroughgoing criminals, so when they get caught there's a level of guilt involved. Suddenly there is a conflict between what they appear to families, friends, co-workers, and what they are doing in the secret part of their life. It tends to move them towards confessing, putting it all behind them. They haven't acquired the ethics of organised crime which is that you never help the government, constantly trying to frustrate it. - Rudolph Giuliani