Profit with Phoenix as on 11/12/2009

Dear All,

Market expected to open 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 again may take Nifty(Fut) again above 5093/5123 levels. 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 +69, NASDAQ +7, HANGSEHG +402, KOSPI +5, NIKKE1 +133,
SHANGHAI +6, STRAITS +16, DAX +61, FTSE +40, CAC40 +41.

Todays Nifty(Fut) trading levels:

Base: 5158
Res: 5156/5175/5191/5208
Mid Res: 5157/5166/5183/5200
Supp: 5140/5142/5125/5109
Mid Supp: 5149/5141/5134/5117

Todays Bank Nifty trading levels:

Base: 9262
Res: 9256/9293/9324/9355
Mid Res: 9259/9275/9309/9340
Supp: 9225/9231/9200/9169
Mid Supp: 9244/9228/9216/9185

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......