Probable Market TODAY (05 May)

05-05-2009
GOOD MORNING

AT the point Market looks average strong.

Nifty
Prv Close 3654.00
Pivot Point 3599.07
Supports 3534>3413>3347
Resistance 3719>3785>3905

Nifty may try to open flat upto 1% green.
Volatility Index (VIX) on last closing day = 49.54(+ 6.24%)

TRADERS AND INTRADAY - After strong open a sudden and sharp downslide may take place which may prevail upto 11. day average is good, beware of volalitity 1 to 3 pm!! INVESTOR COMMUNITY - upto 2nd week of may-09 one should take profit must.

QUOTE - Money is like manure. You have to spread it around or it smells. - Getty, J. Paul