Probable Market TODAY (22 May)

22-05-2009
GOOD MORNING

AT the point Market looks under sharp volatility reflecting the picture of indian govt over distribution of cabinet.

Nifty
Prv Close 4210.90
Pivot Point 4243.03
Supports 4167>4123>4047
Resistance 4287>4363>4407

Nifty may try to open flat.
Volatility Index (VIX) on last closing day = 49.64 (- 2.26%)

TRADERS AND INTRADAY - after 15 mins of downtrend market expected to keep high upto 1 pm with a caution time of 11.30. after 1 pm the depression in market may prevail.
INVESTOR COMMUNITY - Dont jump on big hopes. but use to invest in systemic manner for short term.