Probable Market TODAY (13 Jan)

13-01-2009
GOOD MORNING

AT the point Market looks flat and waits for corporate developments from local front, results may turn it extreme positive.

Nifty
Prv Close 2773.1
Pivot Point 2796.95
Supports 2724>2676>2604
Resistance 2845>2917>2966

Nifty may try to open Flat.
Volatility Index (VIX) on last closing day = 48.57 (+1.57%)

TRADERS AND INTRADAY - After 1st hour of timepass, 2nd hour of market looks good. 4th hour looks volatile with ups/ downs Closing today expected to give some relief.
INVESTOR COMMUNITY - Dont enter big positions, instread small trades with strict SL can give smiles, avoid bank sector.

Quote: There are two times in a man's life when he should not speculate: when he can't afford it and when he can. - Mark Twain