Probable Market TODAY (02 Jan)

02-01-2009
GOOD MORNING

AT the point Market looks with mixed trends, busy to break the weekly resistance to make way for upside, but it may take 1-2 days to complete.

Nifty
Prv Close 3033.45
Pivot Point 3012.00
Supports 2985>2936>2909
Resistance 3061>3088>3137

Sensex
Prv Close 9903.46
Pivot Point 9845.60
Supports 9770>9636>9559
Resistance 9980>10056>10190

Nifty may try to open Flat
Volatility Index (VIX) on last closing day = 41.34 (- 4.06%)

TRADERS AND INTRADAY - whole day looks volatile, however trend is not looking much downside.
INVESTOR COMMUNITY - be buyer in dips, go slow for 2-3 days buy plan.

Quote: Inflation isn't an Act of God. High inflation is a man-made disaster, like Southern beer and nylon shirts. - Ronald Long