Probable Market TODAY (05 Feb)

05-02-2009
GOOD MORNING

AT the point Market looks fully controlled by Global cues.

Nifty
Prv Close 2803.05
Pivot Point 2808.65
Supports 2775>2747>2714
Resistance 2837>2870>2891

Nifty may try to open Flat to red 1%
Volatility Index (VIX) on last closing day = 44.39(-9.85%)

TRADERS AND INTRADAY - Uncertain movements but the range is not big.keep caution after 2 pm.
INVESTOR COMMUNITY - As market is either taking time to enter final leg of sell off or on edge of condolidication stage after the eight years cycle of correction (we are in 13th month of from the 1st correction which indicates the consolidation) , only time will confirm the status, but the investor has least to do at this stage, just keep watching upto march 1st week, as both the above will help the investors to make shopping at cheaper levels.

Quote: Diversification may preserve wealth, but concentration builds wealth. - Warren Buffett