08-12-2008
GOOD MORNING
AT the point Market is looks positive, under rejoice of petrol price cut / rbi announcements and relief package from local front, however global cues will try to pressurize it intraday.
Nifty
Prv Close 2714.4
Pivot Point 2745.63
Supports 2670>2626>2550
Resistance 2789>2865>2910
Sensex
Prv Close 8965.20
Pivot Point 9073.42
Supports 8806>8647>8379
Resistance 9232>9500>9659
Nifty may try to open Flat to green 2%
Volatility Index (VIX) on last closing day = 52.05(+ 0.41%)
ADVISE TO TRADERS AND INTRADAY - normally positive day upto 14.30 but having a caution time 11.50 to 1.20, after 14.30 market may see little profit booking.
ADVISE TO INVESTOR COMMUNITY - still having long- trades in hand ?? exit strict upto 2 pm, make shoping list ready again and wait.
Quote: What is a cynic? A man who knows the price of everything and the value of nothing. - Oscar Wilde
Monday, December 8, 2008
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