Profit with Phoenix as on 26/11/2009

Dear All,

Market expected to open flat 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 5045 level showes a gud strength. Sustainity of Nifty(Fut) above 5054/5073 may take market to 5093/5123/5186 once again. Nifty expected to reach 5250, all long positions may be kept on hold with a strict SL of 5045. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +31, NASDAQ +7, HANGSEHG -223, NIKKE1 +4, SHANGHAI -34,
STRAITS -12, KOSPI +1, DAX +34, FTSE +41, CAC40 +25.

Todays Nifty(Fut) trading levels:

Base: 5097
Res: 5112/5115/5134/5153
Mid Res: 5104/5114/5125/5144
Supp: 5093/5978/5059/5040
Mid Supp: 5095/5085/5068/5049

Todays Bank Nifty trading levels:

Base: 9283
Res: 9315/9326/9369/9412
Mid Res: 9299/9321/9348/9391
Supp: 9272/9240/9197/9154
Mid Supp: 9278/9256/9219/9176

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Have a Happy Trade......