Profit with Phoenix as on 06/10/2009

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 5023/5053, i hope to have a positive ralley till 5073/5099/5153 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. If there is no fall witnessed after Nifty(Fut) reaching 5153 levels we may expect nifty to travell till 5300 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.

Global Market Indicates:

DOW +112, NASDAQ +20, HANGSEHG +165, NIKKE1 +0.50, SHANGHAI +24, STRAITS +34, KOSPI -1, DAX +40, FTSE +35, CAC40 +25.

Todays Nifty(Fut) trading levels:

Base: 5020
Res: 5019/5031/5041/5052
Mid Res: 5020/5025/5036/5046
Supp: 5009/5010/4999/4989
Mid Supp: 5015/5009/5004/4994

Todays Bank Nifty trading levels:

Base: 8712
Res: 8706/8739/8765/8792
Mid Res: 8709/8722/8752/8778
Supp: 8680/8686/8659/8633
Mid Supp: 8696/8683/8672/8646

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.......