Profit with Phoenix as on 10/09/2009

Dear All,

Market expected to open positive today due to the supports of the Global markets. As per yesterdays blog, if Nifty(Fut) sustains above 4823 levels and moves up till 4853 levels positive markey may be expected for a run way on Nifty(Fut) till 4897 levels. If not Nifty(Fut) may witness a fall till 4785/4712/4657 levels. Yesterday market opened flas @ 4787.80 and made a high of 4831.90, but it was not able to sustain there and move ahead so it came down till 4780.20. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +49, NASDAQ +22, HANGSEHG +321, NIKKE1 +161, SHANGHAI -27,
STRAITS +40, KOSPI +26, DAX +92, FTSE +56, CAC40 +46.

Todays Nifty(Fut) trading levels:

Base: 4851
Res: 4840/4863/4874/4886
Mid Res: 4845/4851/4869/4880
Supp: 4828/4839/4827/4815
Mid Supp: 4838/4833/4832/4821

Todays Bank Nifty trading levels:

Base: 7847
Res: 7852/7912/7976/8040
Mid Res: 7850/7882/7944/8008
Supp: 7787/7783/7719/7655
Mid Supp: 7817/7785/7751/7687

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.......