Profit with Phoenix as on 20/11/2009

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. Yesterdays market was very volitile where it broke our levels and made a low of 4962.10, unless market sustains above 5054 clients may not be able to hold ur long positions confidently. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW -94, NASDAQ -36, HANGSEHG -158, NIKKE1 -120, SHANGHAI -21,
STRAITS +9, KOSPI -1, DAX -85, FTSE -74, CAC40 -68.

Todays Nifty(Fut) trading levels:

Base: 4974
Res: 4988/4989/5004/5019
Mid Res: 4981/4988/4996/5011
Supp: 4973/4959/4944/4929
Mid Supp: 4973/4966/4952/4937

Todays Bank Nifty trading levels:

Base: 8988
Res: 9026/9037/9086/9135
Mid Res: 9007/9031/9061/9110
Supp: 8977/8939/8890/8841
Mid Supp: 8982/8958/8914/8865

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.......