Profit with Phoenix as on 08/09/2009

Dear All,

I expect Market to open positive today. Nifty(Fut) has closed above 4786 levels. If market openes above 4812/4823 levels we may expect a positive ralley today. Market may starts a move towards 4853/4877 levels. Global markets are strong & more positive, this may pull our market towards a long run, any way these are crutial levels from where we may expect to step down a little. If market may achieve these targets we may expect market to run a down till 4712 & 4657 levels.

Global Market Indicates:

DOW +96, NASDAQ +35, HANGSEHG +182, NIKKE1 +16, SHANGHAI +5, STRAITS -7, KOSPI +7, DAX +79, FTSE +81, CAC40 +54.

Riskey Traders: Buy & Hold 5000 call @ 47 for a tgt of 63/70 ++++

Investment Delivery Calls:

1)  Buy Asianelectronics @ 43 tgt (Double in 4-6 months)
2) Buy Mangchem @ 24-25 SL 20 for a tgt of 40-50 (Short - Mid term)
3) Buy NIITLTD @ 70-75 for a tgt of 100 ( short term)

Todays Nifty(Fut) trading levels:

Base: 4811
Res: 4811.50/4827/4843/4859
Mid Res: 4811.40/4819/4835/4851
Supp: 4795/4793/4779/4763
Mid Supp: 4803/4794/4787/4771

Todays Bank Nifty trading levels:

Base: 7701
Res: 7702/7731/7761/7790
Mid Res: 7701.80/7716/7746/7790
Supp: 7672/7671/7641/7611
Mid Supp: 7686/7671/7656/7626

Ur valuable comments & suggestions are welcomed. Interested clients may cal 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.......