Profit with Phoenix as on 02/12/2009

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 is now showing gud strength shall take Nifty(Fut) above 5093/5123/5186 once again. Close of Nifty(Fut) above 5123 is giving us a hope that nifty may break its recent high and sure take Nifty to 5200/5250 now. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +126, NASDAQ +31, HANGSEHG +263, NIKKE1 +1, SHANGHAI +35,
STRAITS +18, KOSPI +24, DAX +150, FTSE +122, CAC40 +96.

Todays Nifty(Fut) trading levels:

Base: 5143
Res: 5142/5153/5164/5174
Mid Res: 5143/5148/5158/5169
Supp: 5132/5130/5122/5111
Mid Supp: 5137/5132/5127/5117

Todays Bank Nifty trading levels:

Base: 9301
Res: 9322/9390/9479/9568
Mid Res: 9311/9356/9434/9523
Supp: 9233/9212/9123/9034
Mid Supp: 9267/9222/9167/9078

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......