12-01-2009
GOOD MORNING
AT the point Market looks under pressure but will make all efforts to cover up, Hopeful to get the market in order w.e.f tuesday.
Nifty
Prv Close 2871.00
Pivot Point 2904.37
Supports 2812>2751>2693
Resistance 2932>2990>3051
Nifty may try to open Flat.
Volatility Index (VIX) on last closing day = 47.82 (+7.8%)
TRADERS AND INTRADAY - From opening bell market is expected to remain volatile,2nd hour of market may give some relif. Closing looking under pressure.
INVESTOR COMMUNITY - Risky investors can do bottom fishing a little, Looks one more day is due for buying.
Quote: The crowd always loses because the crowd is always wrong. It is wrong because it behaves normally. - Fred Kelly
