Profit with Phoenix as on 18/11/2009

Dear All,

Market expected to open negative today due to the supports of the Global markets. Nifty has started to raise little by little since last 4 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. One of the majour resistance 5023 level showes a gud strength. Sustainity of Nifty(Fut) above 5006/5023 may take market to 5054/5093 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +30, NASDAQ +5, HANGSEHG -147, NIKKE1 -14, SHANGHAI +9,
STRAITS -8, KOSPI +14, DAX -26, FTSE -37, CAC40 -34.

Todays Nifty(Fut) trading levels:

Base: 5048
Res: 5061/5060/5072/5083
Mid Res: 5055/5061/5066/5077
Supp: 5050/5036/5025/5013
Mid Supp: 5049/5043/5025/5013

Todays Bank Nifty trading levels:

Base: 9254
Res: 9289/9284/9313/9343
Mid Res: 9272/9286/9299/9328
Supp: 9260/9225/9196/9166
Mid Supp: 9257/9242/9210/9181

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.......