Profit with Phoenix as on 19/11/2009

Dear All,

Market expected to open negative today due to the supports of the Global markets. 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 -11, NASDAQ -10, HANGSEHG -113, NIKKE1 -93, SHANGHAI -3,
STRAITS +21, KOSPI +16, DAX +9, FTSE -4, CAC40 -0.9.

Todays Nifty(Fut) trading levels:

Base: 5054
Res: 5058/5061/5076/5092
Mid Res: 5052/5059/5069/5084
Supp: 5042/5030/5014/4999
Mid Supp: 5044/5036/5022/5007

Todays Bank Nifty trading levels:

Base: 9196
Res: 9228/9230/9264/9298
Mid Res: 9212/9229/9247/9281
Supp: 9194/9162/9128/9094
Mid Supp: 9195/9178/9145/9111

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Have a Happy Trade.......