Probable Market TODAY (05 Jan)

05-01-2009
GOOD MORNING

AT the point Market looks desparate for a quick consolidation before the upmove.

Nifty
Prv Close 3046.75
Pivot Point 3049.47
Supports 3019>2991>2961
Resistance 3077>3107>3135

Nifty may try to open Flat to green upto 2%
Volatility Index (VIX) on last closing day = 40.67 (- 1.62%)

TRADERS AND INTRADAY - 1st 15 mins strong bullish, then market may take slide for 1 hour, again maintain caution after 2 pm, trend is indicating for a depression in end minutes.
INVESTOR COMMUNITY - Book some profit in opening bell, go slow in buying again.

Quote: I am not an expert on the economy. - Norman Lamont