Profit with Phoenix as on 12/11/2009

Dear All,

Market expected to open flat today due to the supports of the Global markets. Nifty has started to raise little by little since last 3 days. Hope one of the majour support of Nifty(Fut) 4554 has been achieved and where by it was not able to withstand the selling pressure from there, thats why we have started to witness some recovery from there. Support continues to be at these levels 4597/4545/4512. As said yesterday Nifty(Fut) breaked 4893 & 4973 levels, one of the majour resistance 4954 level showed a gud sterngth. Sustainity of Nifty(Fut) above 4930/4973 may take market to 5023/5054 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +44, NASDAQ +15, HANGSEHG -40, NIKKE1 +0.56, SHANGHAI +20,
STRAITS -5, KOSPI -0.21, DAX +55, FTSE +36, CAC40 +28.

Todays Nifty(Fut) trading levels:

Base: 5001
Res: 5013/5017/5033/5049
Mid Res: 5007/5015/5025/5041
Supp: 4997/4985/4969/4953
Mid Supp: 4999/4991/4977/4961

Todays Bank Nifty trading levels:

Base: 9309
Res: 9358/9379/9450/9520
Mid Res: 9333/9368/9414/9485
Supp: 9287/9238/9168/9097
Mid Supp: 9298/9263/9203/9132

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Have a Happy Trade.......