Profit with Phoenix as on 20/01/2010

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 +115, NASDAQ +32, HANGSEHG -246, KOSPI +4, NIKKE1 +53,
SHANGHAI -38, STRAITS +2, DAX +57, FTSE +18, CAC40 +32.

Todays Nifty(Fut) trading levels:

Base: 5232
Res: 5233/5246/5259/5273
Mid Res: 5232/5239/5252/5266
Supp: 5219/5218/5205/5191
Mid Supp: 5226/5219/5211/5198

Todays Bank Nifty trading levels:

Base: 9156
Res: 9164/9206/9256/9306
Mid Res: 9160/9185/9231/9281
Supp: 9113/9106/9056/9006
Mid Supp: 9135/9110/9081/9031

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Have a Happy Trade......