Profit with Phoenix as on 07/10/2009

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 +131, NASDAQ +35, HANGSEHG +376, NIKKE1 +124, SHANGHAI +24, STRAITS +24, KOSPI +6, DAX +148, FTSE +113, CAC40 +95.

Todays Nifty(Fut) trading levels:

Base: 5061
Res: 5057/5076/5091/5106
Mid Res: 5059/5067/5083/5098
Supp: 5042/5046/5031/5016
Mid Supp: 5052/5044/5038/5023

Todays Bank Nifty trading levels:

Base: 8870
Res: 8881/8934/8998/9062
Mid Res: 8876/8908/8966/9030
Supp: 8817/8806/8742/8678
Mid Supp: 8844/8812/8774/8710

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.......