Profit with Phoenix as on 27/11/2009

Dear All,

Market expected to open negative today due to the supports of the Global markets. Hope one of the majour supports of Nifty(Fut) 4554 still remains the same, Support continues to be at these levels 4597/4545/4512. One of the majour resistance 5073/5045 level which showed gud strength has been broken yesterday, thats why we have started to witness fall on Nifty again. FII's selling has started slowly which confirms us this fall since 2 days. Sustainity of Nifty(Fut) above 5054/5073 may take market to 5093/5123/5186 once again but which i feel is very difficult. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +31, NASDAQ +7, HANGSEHG -642, NIKKE1 -170, SHANGHAI -33,
STRAITS -31, KOSPI -40, DAX -189, FTSE -171, CAC40 -130.

Todays Nifty(Fut) trading levels:

Base: 4934
Res: 4983/4974/5015/5056
Mid Res: 4958/4979/4995/5036
Supp: 4942/4892/4851/4810
Mid Supp: 4938/4917/4872/4831

Todays Bank Nifty trading levels:

Base: 8882
Res: 9061/9080/9278/9476
Mid Res: 8971/9070/9179/9377
Supp: 8663/8684/8486/8288
Mid Supp: 8872/8773/8585/8387

Ur valuable comments & suggestions are welcomed. Interested clients may call 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......