Probable Market TODAY (02 Feb)

02-02-2009
GOOD MORNING

AT the point Market looks for responce from global market supports and local news.

Nifty
Prv Close 2874.80
Pivot Point 2843.30
Supports 2806>2736>2699
Resistance 2912>2950>3019

Nifty may try to open Flat with red tone less than 1%
Volatility Index (VIX) on last closing day = 42.10(-2.34%)

TRADERS AND INTRADAY - Full day the market is looking to struggle for upside, but the results are looking very little successful, avoid 30 mins markets from open. after 2.30 maintain caution of volatility.
INVESTOR COMMUNITY - avoid market for couple of weeks.

Quote: Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well. - Warren Buffett