Profit with Phoenix as on 17/12/2009

Dear All,


Market expected to open flat 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 5054/5080 level which was showing low strength now may take Nifty(Fut) again to 4873 levels shortely. Cut down of 4986 today shall make Nifty witness some fall from there, 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 -10, NASDAQ +6, HANGSEHG -175, KOSPI -11, NIKKE1 +44,
SHANGHAI -47, STRAITS +6, DAX +92, FTSE +34, CAC40 +42.

Todays Nifty(Fut) trading levels:

Base: 5035
Res: 5044/5049/562/5075
Mid Res: 5040/5046/5055/5069
Supp: 5031/5022/5008/4995
Mid Supp: 5033/5026/5015/5001

Todays Bank Nifty trading levels:

Base: 8662
Res: 8681/8689/8717/8745
Mid Res: 8671/8685/8703/8731
Supp: 8654/8634/8606/8578
Mid Supp: 8658/8644/8620/8592

NOTE: SEBI HAS ANNOUNCED THAT BOTH EXCHANGES NSE & BSE SHALL OPEN THEIR TRADING HOURS FROM 9.00 AM TILL 3.30 PM FROM FRIDAY(18/12/2009) ONWARDS.

Capital Market Segment

Normal Market / Retails Debt Market / Limited Physical Market Open: 9:00 a.m.
Block Trade session shall be available from 9:00 am to 9:35 am.
Normal Market/Retails Debt Market/Limited Physical Market close time shall remain unchanged i.e.3:30 pm
There is no change in the timings of closing session and Auction market.

Futures & Options Segment
Normal market / Exercise market open time: 9:00 a.m
Normal market close time shall remain unchanged i.e. 3:30 p.m.
There is no change in the cutoff time for set up of Position limit / Collateral value, Trade modification / Exercise market end time.

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......