Profit with Phoenix as on 27/08/2009

Dear All,

        Market expected to open a bit negative today as per the indicated of the Global markets, Trade voltality due to expiry. As per my earlier blogs Nifty(Fut) has crossed 4673/4686 levels but still yesterdays close was below 4686, i hope this might also be an important resistance for market to survive with gud volume to travel on to next levels. We may still expect a bull run unless market breaks 4512 levels with gud support on volumes. Clients are requested to book profit as these levels, others may trial their SL for more profits.

Home sales surged up by 9.6 percent in July.
Looking Ahead:- The Commerce Department will releale GDP report and weekly jobs report.
Light sweet crude for October is US$71.43 a barrel.
CASHSEGMENT: FII (NETSELLING) : 378cr. Mutual Fund (NETBUYING) :128cr.,
DERIVATIVES:- FII in INDEX FUTURE : (NETBUYING) 179cr. Stock future (NETBUYING) : 20cr.

Todays Nifty(Fut) trading levels:

Base: 4669
Res: 4684/4688/4706/4725
Mid Res: 4677/4686/4697/4716
Supp: 4666/4651/4632/4614
Mid Supp: 4667/4658/4642/4623

Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.

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Have a Happy Trade.............