Profit with phoenix as on 14/12/2009

Dear All,

Market expected to open flat to positive today due to the supports of the Global market indicates. 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 low strength now may take Nifty(Fut) again to 4873 levels shortely. 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 +66, NASDAQ -0.50, HANGSEHG -289, KOSPI -10, NIKKE1 -98,
SHANGHAI -63, STRAITS -13, DAX +47, FTSE +5, CAC40 +17.

Todays Nifty(Fut) trading levels:

Base: 5110
Res: 5120/5134/5158/5182
Mid Res: 5115/5127/5146/5170
Supp: 5096/5086/5062/5038
Mid Supp: 5103/5091/5074/5050

Todays Bank Nifty trading levels:

Base: 9081
Res: 9103/9121/9161/9201
Mid Res: 9092/9112/9141/9181
Supp: 9063/9041/9001/8961
Mid Supp: 9072/9052/9021/8981

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......