Profit with Phoenix as on 17/09/2009

Dear All,


Market expected to open positive today due to the supports of the Global markets. As per yesterdays blog, Nifty(Fut) sustained above 4957 levels and moves up till 4972.50 levels, if this continues positive markey may be expected for a run way on Nifty(Fut) till 4997/5030 levels. If not Nifty(Fut) may witness a fall till 4934/4876/4823/4785/4712 levels. Yesterdays market opened @ 4929.50 and made a high of 4972.50 and the closing we had gud volatile on Nifty. If market sustains above 4923/4957 levels we may expect market to travell till 5030/5073 levels today for a positive ralley. Lets wait to watch the game on Nifty.

Note: This level where Nifty sustains @ 4897 & Sensex @ 16400 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 +108, NASDAQ +30, HANGSEHG +369, NIKKE1 +96, SHANGHAI +44,
STRAITS +8, KOSPI +6, DAX +71, FTSE +82, CAC40 +61.

Todays Nifty(Fut) trading levels:

Base: 4978
Res: 4977/4992/5005/5019
Mid Res: 4977/4984/4998/5012
Supp: 4963/4964/4951/4937
Mid Supp: 4970/4964/4958/4944

Todays Bank Nifty trading levels:

Base: 8408
Res: 8411/8452/8497/8541
Mid Res: 8410/8432/8475/8519
Supp: 8367/8364/8319/8275
Mid Supp: 8387/8365/8341/8297

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.

ALL MY MARKET INFORMATIONS & CALLS ARE FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT.

Have a Happy Trade.......