MY DEAR FRIEND

22/JAN/2009

anesha reminds you this day of the last year and informs you about the extent to which the market has gone down. Till 10:15 the market may remain towards the downward side. But,the average is positive. Hence,Ganesha advises to reconsider your decision to short-sell.

From 10:15 to 11:25,there may be a little improvement in Nifty.

From 11:25 to 11:55,F&O and call-put traders will try to save their position and assets. Hence,be very cautious while engaging in intra-day trading. Nifty may fall but only upto a certain extent.

From 11:55 to 13:55,Ganesha foresees that for half an hour the heavyweight traders will trade without any restrictions. Nifty may remain volatile during this phase.

From 13:55 to 15:30,there may be buying pressure in the market. Ganesha advises the mutual fund and FII traders to avoid taking any action. It is a time pass phase.

NIFT FUTUER
RESISTANCE : 2796.15
RESIS SL : 2732.40
SUPPO : 2708.00
SUPPORT : 2644.25