Profit with Phoenix as on 04/01/2010

Dear All,

Market expected to open negative 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 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 -120, NASDAQ -22, HANGSEHG +61, KOSPI +5, NIKKE1 +123,
SHANGHAI -6, STRAITS -3, DAX -54, FTSE +15, CAC40 +0.83.

Todays Nifty(Fut) trading levels:

Base: 5218
Res: 5226/5238/5258/5278
Mid Res: 5222/5232/5248/5268
Supp: 5206/5198/5178/5158
Mid Supp: 5212/5202/5188/5168

Todays Bank Nifty trading levels:

Base: 9039
Res: 9054/9089/9139/9189
Mid Res: 9047/9072/9114/9164
Supp: 9004/8989/8939/8889
Mid Supp: 9022/8997/8964/8914

NOTE: Wishing you all & ur Family members a Happy and Prosporous New Year 2010.

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Have a Happy Trade......