Profit with Phoenix as on 21/01/2010

Dear All,

Market expected to open negative 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 122, NASDAQ -29, HANGSEHG -241, KOSPI -4, NIKKE1 +39,
SHANGHAI -22, STRAITS -25, DAX -124, FTSE -92, CAC40 -80.

Todays Nifty(Fut) trading levels:

Base: 5203
Res: 5215/5217/5228/5240
Mid Res: 5209/5215/5221/5234
Supp: 5202/5190/5178/5165
Mid Supp: 5202/5196/5184/5172

Todays Bank Nifty trading levels:

Base: 9089
Res: 9123/9129/9169/9209
Mid Res: 9106/9126/9149/9189
Supp: 9083/9049/9009/8969
Mid Supp: 9086/9066/9029/8989

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......