Profit with Phoenix as on 03/12/2009

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 -19, NASDAQ +9, HANGSEHG +130, KOSPI +9, NIKKE1 +284,
SHANGHAI -14, STRAITS +3, DAX +5, FTSE +15, CAC40 +20.

Todays Nifty(Fut) trading levels:

Base: 5131
Res: 5129/5140/5149/5159
Mid Res: 5130/5135/5145/5154
Supp: 5120/5122/5113/5103
Mid Supp: 5126/5121/5117/5108

Todays Bank Nifty trading levels:

Base: 9340
Res: 9338/9366/9392/9418
Mid Res: 9339/9352/9379/9405
Supp: 9312/9314/9288/9262
Mid Supp: 9326/9313/9301/9275

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......