Profit with Phoenix as on 30/10/2009

Dear All,

Market expected to open positive 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 4773 & 4856 levels, one of the majour support 4756 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 +199, NASDAQ +38, HANGSEHG +653, NIKKE1 +134, SHANGHAI +63,
STRAITS +39, KOSPI +8, DAX +91, FTSE +57, CAC40 +50.

Todays Nifty(Fut) trading levels:

Base: 4815
Res: 4808/4842/4870/4898
Mid Res: 4811/4825/4856/4884
Supp: 4781/4787/4759/4731
Mid Supp: 4798/4784/4773/4745

Todays Bank Nifty trading levels:

Base: 8526
Res: 8547/8671/8816/8961
Mid Res: 8537/8609/8743/8888
Supp: 8402/8381/8236/8091
Mid Supp: 8464/8392/8309/8091

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.......