Profit with Phoenix as on 14/09/2009

Dear All,

Market expected to open flat today due to the supports of the Global markets. As per friday's blog, Nifty(Fut) sustained above 4823 levels and moves up till 4862 levels, if this continues 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. Friday's market opened positive @ 4851 and made a high of 4862, but it was not able to sustain there we had a gud volatile market on the day. If market sustains 4853/4857 levels we may expect market to travell till 4897 levels today for a positive ralley. Lets wait to watch the game on Nifty.

Note: This level where Nifty sustains @ 4829.55 & Sensex @ 16246.30 are more crutial, we may sure see a fall from these levels which may be termed as Profit booking levels. I may insist my blog followers to start booking up profits @ these levels on a safe side. Long position traders on Nifty and Stocks may keep 4773 as ur SL.

Global Market Indicates:

DOW -22, NASDAQ -3, HANGSEHG -141, NIKKE1 -235, SHANGHAI +7,
STRAITS -22, KOSPI -13, DAX +29, FTSE +23, CAC40 +29.

Todays Nifty(Fut) trading levels:

Base: 4824
Res: 4838/4834/4845/4855
Mid Res: 4831/4836/4840/4850
Supp: 4827/4813/4802/4792
Mid Supp: 4825/4820/4808/4797

Todays Bank Nifty trading levels:

Base: 7919
Res: 7948/7964/8009/8054
Mid Res: 7934/7956/7986/8031
Supp: 7903/7874/7829/7784
Mid Supp: 7911/7889/7851/7806

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.......