IIP data Release -- shows positive

The IIP ( Index of industrial Production) numbers for the month of November 2008 have been announced. The growth rate was recorded at 2.4% for November 2008 , as against -0.4% announced for October 2008.

Trading Levels and intraday signals 12-1-2009

Nifty Futures Jan-09 - Pivot - 2864
Resistance:- 2925 - 2988 - 3048
Suport :- 2801 - 2741 - 2677

Bank Nifty Futures Jan-09 - Pivot - 4933
Resistance:- 5035 - 5190 - 5292
Support :- 4778 - 4676 - 4521

Reliance Spot - Pivot- 1151
Resistance:- 1211 - 1269 - 1331
Support :- 1125 - 1093 - 1033

Infosys - spot - (Pivot - 1213)
Resistance:- 1256 - 1309 - 1352
Support :- 1160 - 1117 - 1064

Buy Satyam @ 24 sl 19 upside till 29 >> 35
Sell RELINFRA @ 497 stop-loss 527 target 460 / 440 / 419...
***Sell n holdin Futures also for 1 - 7 days..Risk per lot 4100/-..Lot size 138..

Market View - 12Jan 2009

Good Morning....!!

Welcome to all new trading day in the Indaian Capital markets. Today we may not expect another Monday morning Blues. The steps of GOI's of appointing premium personalities to the satyam's board has been aplauded by experts. The appointment of Deepak Parekh (HDFC Ltd) , Kiran Karnik (Ex-Chairman NASCOMM) and C. Achutan (LAW and Finance expert) may bring back the confidence in the investors sentiments on the much concentrated SATYAM Fraud case.
The next thing to look after is the IIP Nos to be announced today, which are already expected to be -ve.

On the verge of Globla indices staying negitive, we may open Flat around and then we may expect a pull back to gain some day's High. The 2802 on NIFTY is a crutial level to watch as a support, if breaks we may taste 2745 levels. On the higher side 2920 is a goog level to watch as a resistance.

Please watch these levels carefully and trade accordingly.