Intraday trading Levels and Calls Jan 5, 2009

Nifty future: Pivot: 3056

Resistance: 3089 / 3125 / 3158

Support: 2951 / 2987 / 3020

Buying seen in BombayDyeing buy above 212 with sl 207 may turn upside till 218 >> 222 >> 225

Banking sector may plung into action, Buy Yesbank above 84 sl 81 may touch upside till 89 >> 92

Buy IFCI @ 23.75 sl 22.9 tgt 25 >> 27 (carry for delivery -was our positional call at 22.20)

Market View - Jan5 - 2009

Good Morning.........!!!!

We may open in green today, backing up with the positive global ques.

we may face resistance at 3080 on the nifty, if breaches can rally to 3132 on the higher side.

Please keep stop losses to your trade as a breakage below 3022 will take to 2950 on the lower side.