Profit with Phoenix as on 01/12/2009

Dear All,

Market expected to open positive today due to the supports of the Global markets. Hope one of the majour supports of Nifty(Fut) 4554 still remains the same, Support continues to be at these levels 4597/4545/4512. One of the majour resistance 5073/5045 level which showed gud strength has been broken, thats why we have started to witness fall on Nifty again. Sustainity of Nifty(Fut) above 5054/5073 may take market to 5093/5123/5186 once again. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +35, NASDAQ +6, HANGSEHG +72, NIKKE1 +112, SHANGHAI -2,
STRAITS +23, KOSPI +3, DAX -60, FTSE -55, CAC40 -41.

Todays Nifty(Fut) trading levels:

Base: 5046
Res: 5047/5065/5084/5103
Mid Res: 5047/5056/5074/5093
Supp: 5029/5028/5009/4990
Mid Supp: 5038/5028/5018/5000

Todays Bank Nifty trading levels:

Base: 9034
Res: 9051/9089/9144/9199
Mid Res: 9042/9070/9117/9172
Supp: 8996/8979/8924/8869
Mid Supp: 9015/8987/8952/8897

Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.

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Have a Happy Trade......