Profit with Phoenix as on 30/09/2009

Dear All,

Market expected to open positive today due to the supports of the Global markets. Nifty shows a gud strength at these levels such as 4957/5012, i hope to have a positive ralley till 5073/5099 levels. We may sure witness a fall shortly after nifty(Fut) touching these levels. Clients may start booking ur positions here. I hope nifty may fall till 4600/4400 levels. Today market may trade on a fishy trend but hope it falls gradually by the closing of market hours. 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 -47, NASDAQ -6, HANGSEHG -86, NIKKE1 +6, SHANGHAI +18,
STRAITS -7, KOSPI +0.85, DAX -22, FTSE -6, CAC40 -10.

Todays Nifty(Fut) trading levels:

Base: 5002
Res: 5013/5025/5048/5071
Mid Res: 5007/5019/5037/5060
Supp: 4990/4979/4956/4933
Mid Supp: 4996/4984/4968/4945

Todays Bank Nifty trading levels:

Base: 8485
Res: 8503/8518/8551/8584
Mid Res: 8494/8511/8534/8567
Supp: 8470/8452/8419/8386
Mid Supp: 8478/8461/8435/8402

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.......