Profit with Phoenix as on 05/11/2009

Dear All,


Market expected to open negative 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 4597/4545/4512 levels. As said yesterday Nifty(Fut) breaked 4773 & 4723 levels, one of the majour support 4612 level also dint withstand. Sustainity of Nifty(Fut) above 4773/4823 may take market to 4973 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +30, NASDAQ -1, HANGSEHG -135, NIKKE1 -123, SHANGHAI +2,
STRAITS -13, KOSPI -20, DAX +90, FTSE +70, CAC40 +86.

Todays Nifty(Fut) trading levels:

Base: 4688
Res: 4710/4715/4742/4769
Mid Res: 4699/4713/4729/4755
Supp: 4683/4661/4634/4608
Mid Supp: 4686/4672/4648/4621

Todays Bank Nifty trading levels:

Base: 8368
Res: 8321/8418/8467/8517
Mid Res: 8345/8369/8442/8492
Supp: 8272/8319/8269/8220
Mid Supp: 8320/8295/8294/8244

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.......