Profit with Phoenix as on 29/10/2009

Dear All,


Market expected to open negative and move down slowly today due to the supports of the Global markets. Nifty has started to fall little by little since a weeks time. 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 4823/4773/4723 levels. As said yesterday Nifty(Fut) breaked 4854 & 44823 levels, one of the majour support 4854 level also dint withstand. 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 -119, NASDAQ -56, HANGSEHG -525, NIKKE1 -193, SHANGHAI -63,
STRAITS -28, KOSPI -34, DAX -138, FTSE -120, CAC40 -80.

Todays Nifty(Fut) trading levels:

Base: 4786
Res: 4816/4807/4828/4848
Mid Res: 4801/4812/4817/4838
Supp: 4796/4765/4745/4724
Mid Supp: 4791/4781/4755/4724

Todays Bank Nifty trading levels:

Base: 8496
Res: 8572/8525/8554/8583
Mid Res: 8534/8549/8540/8569
Supp: 8543/8467/8438/8410
Mid Supp: 8520/8505/8453/8410

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.......