Profit with Phoenix as on 23/10/2009

Dear All,

Market expected to open positive and move up slowly today due to the supports of the Global markets. Nifty has started to fall little by little from yesterday. Hope the dead line tgt of Nifty(Fut) 5153 has been achieved and thats why we have started to witness fall from there, because Nifty was not able to show the strength there. If this continues we may shortly meet 4997 & 4923 levels first. Resultl of the election has given a majourtiy to Congress, this shall be a possitive indicate to market which may pull up market today, sustainity of Nifty(Fut) above 5073 may take market to 5123 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +131, NASDAQ +14, HANGSEHG +351, NIKKE1 +89, SHANGHAI +56, STRAITS +36,
KOSPI +12, DAX -70, FTSE -50, CAC40 -52.

Todays Nifty(Fut) trading levels:

Base: 5026
Res: 5016/5036/5045/5054
Mid Res: 5021/5026/5040/5049
Supp: 5007/5017/5008/4999
Mid Supp: 5017/5012/5013/5003

Todays Bank Nifty trading levels:

Base: 9177
Res: 9174/9237/9297/9357
Mid Res: 9176/9206/9267/9327
Supp: 9114/9117/9057/8997
Mid Supp: 9146/9116/9087/9027

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.......