Profit with Phoenix as on 11/09/2009

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 4785/4712/4657/4600 levels. Yesterday market opened positive @ 4865 and made a high of 4889.90, but it was not able to sustain there and move ahead so it came down till 4804.05. I expect market to open above 4823 levels today for a positive ralley. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +80, NASDAQ +23, HANGSEHG +147, NIKKE1 -34, SHANGHAI +35,
STRAITS +2, KOSPI +6, DAX +20, FTSE -16, CAC40 -1.82.

Todays Nifty(Fut) trading levels:

Base: 4838
Res: 4841/4865/4892/4919
Mid Res: 4840/4853/4878/4905
Supp: 4814/4811/4784/4757
Mid Supp: 4826/4813/4797/4770

Todays Bank Nifty trading levels:

Base: 7864
Res: 7868/7902/7940/7978
Mid Res: 7866/7885/7921/7959
Supp: 7830/7826/7788/7750
Mid Supp: 7847/7828/7807/7769

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.......