Profit with Phoenix as on 08/01/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. One of the majour resistance 5054/5080 level which was showing gud strength has take Nifty(Fut) again to 5200 levels. Cut down of 5070 of Nifty shall take Nifty back to 4986. Close of Nifty(Fut) above 5146/5172 may take Nifty(Fut) again back to long trend and make new high at 5213/5247 levels, this may further take Nifty till 5323/5347 levels. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +33, NASDAQ -1, HANGSEHG +81, KOSPI -5, NIKKE1 +71,
SHANGHAI -23, STRAITS +5, DAX -14, FTSE -3, CAC40 +7.

Todays Nifty(Fut) trading levels:

Base: 5269
Res: 5272/5279/5289/5299
Mid Res: 5271/5276/5284/5294
Supp: 5262/5259/5249/5239
Mid Supp: 5266/5261/5254/5244

Todays Bank Nifty trading levels:

Base: 9186
Res: 9191/9204/9223/9241
Mid Res: 9189/9198/9214/9232
Supp: 9173/9167/9149/9130
Mid Supp: 9179/9170/9158/9140

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......