Probable Market TODAY (23 Dec)

23-12-2008
GOOD MORNING

AT the point Market is looking under consolidation phase under volatility due to expiery.

Nifty
Prv Close 3039.30
Pivot Point 3059.18
Supports 3008>2977>2925
Resistance 3091>3142>3173

Sensex
Prv Close 9928.35
Pivot Point 9998.57
Supports 9824>9719>9544
Resistance 10103>10278>10382

Nifty may try to open Flat to red
Volatility Index (VIX) on last closing day = 41.46 (+7.72%)

TRADERS AND INTRADAY - Whole day is looks under pressure, however 11.30 to 1 pm and few spikes 1 pm to 2.15 looks posiive, but time after 2.15 looks under deep depression. Strict no to F&O for this week for small players.
INVESTOR COMMUNITY - Keep Your portfolio hedged.

Quote: It would have been cheaper to lower the Atlantic. - Lou Grade on the failure of his film 'Raise the Titanic'