Profit with Phoenix as on 12/10/2009

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 +78, NASDAQ +15, HANGSEHG -20, NIKKE1 +183, SHANGHAI +7, STRAITS +17, KOSPI -9, DAX -4, FTSE +7, CAC40 -7.

Todays Nifty(Fut) trading levels:

Base: 4970
Res: 5003/5073/5106/5153
Mid Res: 4998/5047/5086/5123
Supp: 4901/4867/4798/4723
Mid Supp: 4934/4872/4823/4754

Todays Bank Nifty trading levels:

Base: 8723
Res: 8746/8800/8823/8876
Mid Res: 8730/8776/8812/8854
Supp: 8669/8646/8592/8512
Mid Supp: 8697/8555/8576/8523

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.......