Probable Market TODAY (21 May)

21-05-2009
GOOD MORNING

AT the point Market looks rangebound with negetive bias.

Nifty
Prv Close 4270.3
Pivot Point 4292.62
Supports 4222>4174>4104
Resistance 4341>4411>4459

Nifty may try to open flat.
Volatility Index (VIX) on last closing day = 50.79 (- 12.58%)

TRADERS AND INTRADAY - Rangebound market in 1st half, after 1 pm some upmove may be seen follwed by sale off.
INVESTOR COMMUNITY - last 2 days of week looks good buying zone.