08-05-2009
GOOD MORNING

AT the point Market looks like some steam left to go upside under volatility.

Nifty
Prv Close 3683.90
Pivot Point 3664.37
Supports 3637>3589>3562
Resistance 3712>3739>3786

Nifty may try to open flat with slight green.
Volatility Index (VIX) on last closing day = 54.76 (+ 6.93%)

TRADERS AND INTRADAY - despite of green open market is expected to go down in 15 mins followed by recovery and volatility, market is expected to remain energetic till 1.55 pm then volatile again, favorite time 12.55 to 1.55 .
INVESTOR COMMUNITY - upto 2nd week of may one should take profit must.

QUOTE - He that is of the opinion money will do everything may well be suspected of doing everything for money. - Franklin, Benjamin