Profit with Phoenix as on 15/08/2009

Dear All,

Market expected to open flat today due to the supports of the Global markets. As per yesterdays blog, Nifty(Fut) sustained above 4823 levels and moves up till 4838 levels, if this continues positive markey may be expected for a run way on Nifty(Fut) till 4897/4920 levels. If not Nifty(Fut) may witness a fall till 4785/4712/4657/4600 levels. Yesterdays market opened @ 4811.15 and made a high of 4838, but it was not able to sustain there we had a choppy market, but at closing we had gud volatile on Nifty. If market sustains above 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 @ 4812 & Sensex @ 16200 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 +21, NASDAQ +10, HANGSEHG -240, NIKKE1 +22, SHANGHAI -1,
STRAITS +14, KOSPI +14, DAX -3, FTSE +7, CAC40 -4.

Todays Nifty(Fut) trading levels:

Base: 4837
Res: 4834/4846/4854/4862
Mid Res: 4835/4840/4850/4858
Supp: 4825/4829/4821/4813
Mid Supp: 4831/4827/4825/4817

Todays Bank Nifty trading levels:

Base: 8027
Res: 8031/8073/8119/8165
Mid Res: 8029/8052/8096/8142
Supp: 7985/7981/7935/7889
Mid Supp: 8006/7983/7958/7912

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.......