Proft with Phoenix as on 17/11/2009

Dear All,

Market expected to open flat 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 4954 level showes a gud strength. Sustainity of Nifty(Fut) above 4930/4973 may take market to 5023/5054 once again. Today market may trade on a voltality trend. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +136, NASDAQ +30, HANGSEHG -109, NIKKE1 -45, SHANGHAI +2,
STRAITS -12, KOSPI -4, DAX +118, FTSE +86, CAC40 +57.

Todays Nifty(Fut) trading levels:

Base: 5055
Res: 5071/5080/5106/5131
Mid Res: 5063/5076/5093/5118
Supp: 5046/5030/5005/4980
Mid Supp: 5051/5038/5018/4993

Todays Bank Nifty trading levels:

Base: 9238
Res: 9337/9397/9556/9715
Mid Res: 9288/9367/9477/9635
Supp: 9178/9080/8921/8762
Mid Supp: 9208/9129/9000/8841

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Have a Happy Trade.......