Profit with Phoenix as on 27/10/2009

Dear All,

Market expected to open negative due to the supports of the Global markets. One of the majour support 4973 has been hit yesterday, where by both Nifty spot & Fut has breaked these levels. We may further see fall on Nifty(Fut) if it breaks 4923 levels. If this continues in nifty for next 3 days we may see 4600 shortly. Mid cap stocks have started to fall gradually. Hope my Blog followers are safe by booking ur positions by my indicates, one chanse of recovery for market may be seen if Nifty(fut) crosses 5123 and sustains. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW -104, NASDAQ -12, HANGSEHG -323, NIKKE1 -138, SHANGHAI -55,
STRAITS -10,KOSPI -98, DAX -22, FTSE -50, CAC40 -63.

Todays Nifty(Fut) trading levels:

Base: 4958
Res: 4980/4982/5006/5030
Mid Res: 4969/4981/4994/5018
Supp: 4956/4934/4910/4886
Mid Supp: 4957/4945/4922/4898

Todays Bank Nifty trading levels:

Base: 9015
Res: 9054/9053/9090/9128
Mid Res: 9035/9053/9072/9109
Supp: 9016/8978/8940/8903
Mid Supp: 9016/8997/8959/8922

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.......