Expect Nifty to sustain above 3000 level

Nifty: Pivot Point – 2959
R1- 3019 , R2-3060, R3-3119 ; S1-2919, S2-2860, S3-2819

Stock in Action: RComm, Satyam for UP; Spice Jet, Kingfisher Airlines for Down; while MTNL and ONGC in Action.

RComm: (T1-235, T2-242, T3-252; SL- 217)
Reliance Comm launches GSM service all over India.

Satyam: (T1-167, T2-173, T3-184; SL- 149)
HP exploring strategic stake in Satyam.
Satyam Seeks Time Till Jan 10 From RoC To Submit Reports on Maytas Valuation.

Spice Jet: ( T1- 15.64, T2-14.67, T3- 14; SL- 17.2)
Kingfisher Airlines: ( T1-37.9, T2-34, T3-32; SL- 43.9)
Airline cos cut fares up to 80% starting Jan 1. Spice Jet and Kingfisher Airlines to feel pressure from Air India’s domestics fare cuts.

MTNL: ( R1- 81.3, R2-82.7, R3-84.6; S1-77.9, S2-76, S3-74.6)
MTNL defers Suntel buy.

ONGC: ( R1-684, R2-697, R3-719; S1-661, S2-648, S3-625)
Over 95% Shareholders Of Imperial Energy Approve Buyout By OVL
Imperial Energy To Be Delisted From LSE Over Due Course Of Time.