Profit with Phoenix as on 08/10/2009

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 -6, NASDAQ +6, HANGSEHG +74, NIKKE1 +26, SHANGHAI +24, STRAITS +2, KOSPI +2, DAX -16, FTSE-29, CAC40 -13.

Todays Nifty(Fut) trading levels:

Base: 4994
Res: 4992/5020/5047/5073
Mid Res: 4993/5006/5034/5060
Supp: 4966/4968/4941/4915
Mid Supp: 4980/4967/4955/4928

Todays Bank Nifty trading levels:

Base: 8769
Res: 8819/8899/9029/9159
Mid Res: 8794/8859/8964/9094
Supp: 8689/8639/8509/8379
Mid Supp: 8729/8664/8574/8444

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.......