Probable Market TODAY (18 May)

18-05-2009
GOOD MORNING

AT the point Market looks cheerful on good election results, but big question of maintaining these levels.

Nifty
Prv Close 3671.65
Pivot Point 3651.92
Supports 3618>3564>3529
Resistance 3706>3740>3794
(levels may not work today and market may go imaginary high alike UC during open)

Nifty may try to open flat to strong green.
Volatility Index (VIX) on last closing day = 49.64 (- 3.14%)

TRADERS AND INTRADAY - Except good opening whole day looks under pressure..
INVESTOR COMMUNITY - keep busy to make fresh shopping lists.