Profit with Phoenix as on 03/09/2009

Dear All,

       Supports of Global Market are strong today, we may expect Nifty(Fut) to open flat & then travell on a  positive rally in market today. Nifty(Fut) could have a strong support @ 4623 levels & move its path way towards 4653 it may travell till 4673/4799 levels. If Nifty(Fut) starts it rally down below 4653 levels we may have an oppurtunity to see 4612/4573 levels shortly. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW -29.93, NASDAQ -1.82, HANGSEHG +172, NIKKE1 -23.55, SHANGHAI +94.36, STRAITS +16.64, KOSPI -1, DAX - 7.45, FTSE -2.15, CAC40 -10.31.

Todays Nifty(Fut) trading levels:

Base: 4630
Res: 4628/4642/4655/4667
Mid Res: 4629/4635/4648/4661
Supp: 4616/4617/4605/4593
Mid Supp: 4623/4617/4611/4599

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Have a Happy Trade.......