Profit with Phoenix as on 08/12/2009

Dear All,

Market expected to open negative 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 5045/5073 level which was showing gud strength has started to fall now. Hope profit booking from the FII's have started. Unless Nifty(Fut) again moves above 5093/5123 levels once again we shall have no much hope on Nifty for its positive ralley. Close of Nifty(Fut) above 5146/5172 may take Nifty(Fut) again back to long trend. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +1, NASDAQ -5, HANGSEHG -165, KOSPI -3NIKKE1 -51,
SHANGHAI -44, STRAITS +2, DAX -33, FTSE -12, CAC40 -7.

Todays Nifty(Fut) trading levels:

Base: 5068
Res: 5079/5089/5110/5130
Mid Res: 5073/5084/5099/5120
Supp: 5058/5047/5026/5005
Mid Supp: 5063/5052/5036/5016

Todays Bank Nifty trading levels:

Base: 9154
Res: 9172/9183/9212/9241
Mid Res: 9163/9177/9197/9226
Supp: 9143/9125/9096/9067
Mid Supp: 9148/9134/9110/9081

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......