Profit with Phoenix as on 10/12/2009

Dear All,

Market expected to open flat to positive today due to the supports of the Global market indicates. 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 5045/5073 level which was showing gud strength has started to fall now. Hope profit booking from the FII's have started and Dubai crises is also having an impact on our Indian market. Unless Nifty(Fut) again moves above 5093/5123 levels once again we shall have no much hope on Nifty for its positive ralley. Close of Nifty(Fut) above 5146/5172 may take Nifty(Fut) again back to long trend. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +51, NASDAQ +11, HANGSEHG -160, KOSPI -12, NIKKE1 -84,
SHANGHAI -1, STRAITS -26, DAX -41, FTSE -19, CAC40 -28.

Todays Nifty(Fut) trading levels:

Base: 5110
Res: 5121/5124/5138/5152
Mid Res: 5116/5123/5131/5145
Supp: 5107/5096/5082/5068
Mid Supp: 5109/5102/5089/5075

Todays Bank Nifty trading levels:

Base: 9176
Res: 9217/9240/9304/9368
Mid Res: 9197/9229/9272/9336
Supp: 9153/9112/9049/8985
Mid Supp: 9165/9133/9081/9017

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......