Probable Market TODAY (09 Jan)

09-01-2009
GOOD MORNING

AT the point Market looks under pressure but will make all efforts to cover up, phased correction expected to end by monday.

Nifty
Prv Close 2920.4
Pivot Point 2985.27
Supports 2823>2726>2564
Resistance 3082>3244>3341

Nifty may try to open red upto 2%
Volatility Index (VIX) on last closing day = 44.36 (+ 14.54)

TRADERS AND INTRADAY - market will try to recover since morning, among some pressure in afternoon end will give some relief to index pressure, however 1st 30 mins dont trade in market- just wait and watch.
INVESTOR COMMUNITY - Risky investors can do bottom fishing a little, however safe players have to wait one day more.

Quote: If you warn 100 men of possible forthcoming bad news, 80 will immediately dislike you. And if you are so unfortunate to be right, the other 20 will as well. - Anthony Gaubis