Profit with Phoenix as on 11/11/2009

Dear All,
Market expected to open flat today due to the supports of the Global markets. Nifty has started to raise little by little since last 2 days. Hope one of the majour support of Nifty(Fut) 4554 has been achieved and where by it was not able to withstand the selling pressure from there, thats why we have started to witness some recovery from there.Support continues to be at these levels 4597/4545/4512. As said yesterday Nifty(Fut) breaked 4823 & 4897 levels, one of the majour support 4754 level also but dint withstand. Sustainity of Nifty(Fut) above 4873/4930 may take market to 4973/5054 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +20, NASDAQ -3, HANGSEHG +163, NIKKE1 +27, SHANGHAI -20,
STRAITS +5, KOSPI -3, DAX -6, FTSE -4, CAC40 +0.1.

Todays Nifty(Fut) trading levels:

Base: 4880
Res: 4883/4891/4902/4913
Mid Res: 4881/4887/4897/4908
Supp: 4872/4869/4858/4847
Mid Supp: 4876/4870/4864/4853

Todays Bank Nifty trading levels:

Base: 9146
Res: 9166/9194/9242/9290
Mid Res: 9156/9180/9218/9266
Supp: 9118/9098/9050/9002
Mid Supp: 9132/9108/9074/9026

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Have a Happy Trade.......