Profit with Phoenix as on 23/09/2009

Dear All,
Market expected to open flat today due to the supports of the Global markets. As per yesterdays blog, Nifty(Fut) sustained above 4975 levels and moves up till 5047.90 levels, if this continues positive markey may be expected for a run way on Nifty(Fut) till 5057/5093 levels. If not Nifty(Fut) may witness a fall till 4934/4876/4823/4785/4773/4712 levels. Yesterdays market opened @ 4975 and made a high of 5047.90 and the closing we had gud volatile on Nifty. If market sustains above 5030 levels we may expect market to travell till 5073/5099 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 +51, NASDAQ +8, HANGSEHG -62, NIKKE1 -73, SHANGHAI +0.06,
STRAITS -2, KOSPI +11, DAX +40, FTSE +8, CAC40 +11.

Todays Nifty(Fut) trading levels:

Base: 5020
Res: 5030/5040/5045/5060/5080
Mid Res: 5025/5035/5050/5070
Supp: 5010/5000/4980/4960
Mid Supp: 5015/5005/4990/4960

Todays Bank Nifty trading levels:

Base: 8458
Res: 8469/8475/8492/8509
Mid Res: 8464/8472/8484/8501
Supp: 8452/8441/8424/8407
Mid Supp: 8455/8447/8433/8407

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.......