Profit with Phoenix as on 29/12/2009

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 gud strength has take Nifty(Fut) again to 5200 levels. Cut down of 4986 today shall make Nifty witness some fall from there, Nifty(Fut) above 5070 may indicate us that Nifty starts showing gud resistance again, close of Nifty(Fut) above 5146/5172 may take Nifty(Fut) again back to long trend and make new high at 5213/5247 levels. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +27, NASDAQ +5, HANGSEHG -74, KOSPI -11, NIKKE1 -6,
SHANGHAI -14, STRAITS +.30,  DAX +45, FTSE +30, CAC40 +34.

Todays Nifty(Fut) trading levels:

Base: 5186
Res: 5197/5208/5231/5253
Mid Res: 5191/5202/5219/5242
Supp: 5174/5163/5140/5118
Mid Supp: 5180/5168/5152/5129

Todays Bank Nifty trading levels:

Base: 8981
Res: 8988/9006/9031/9056
Mid Res: 8985/8997/9019/9044
Supp: 8963/8956/8931/8906
Mid Supp: 8972/8960/8944/8919

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.

ALL MY MARKET INFORMATIONS & CALLS ARE FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT.

Have a Happy Trade......