Probable Market TODAY (29 Jan)

29-01-2009
GOOD MORNING

AT the point Market looks in mood to offer bonus recovery on expiery volatile day..

Nifty
Prv Close 2849.50
Pivot Point 2823.50
Supports 2792>2734>2702
Resistance 2881>2913>2971

Nifty may try to open Flat to 1% green.
Volatility Index (VIX) on last closing day = 40.76 (-4.90%)

TRADERS AND INTRADAY - amid expiery and intraday volatility, market looks firm for whole day except last 20 mins. intraday volatility expected 11 to 2, but market is not for shorting today.
INVESTOR COMMUNITY - dont carry any long / short position for short term.

Quote: You could be somewhere where the mail was delayed three weeks and do just fine investing. - Warren Buffett