Pofit with Phoenix as on 28/01/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. One of the majour resistance 5147 level which was showing gud strength has broken with volume, if Nifty(Fut) breaks 5070 and closes for next 2-3 trading secissions we may shortly see 4954/4823/4789 once again. Hope we have seen the above said levels till 4848.15 as wednesday's close. Today nifty seem to be strong above 4954/4986 levels. Close of Nifty(Fut) above 5023/5070 may take Nifty(Fut) again back to long trend and mark levels at 5123/5147 levels, this may further take Nifty till 5273/5323/5347 levels. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +41, NASDAQ +17, HANGSEHG +296, KOSPI +13, NIKKE1 +133,
SHANGHAI +0.70, STRAITS +48, DAX -25, FTSE -59, CAC40 -47.

Todays Nifty(Fut) trading levels:

Base: 4879
Res: 4871/4895/4911/4928
Mid Res: 4875/4883/4903/4920
Supp: 4855/4862/4846/4830
Mid Supp: 4867/4859/4854/4838

Todays Bank Nifty trading levels:

Base: 8378
Res: 8387/8456/8534/8612
Mid Res: 8383/8422/8495/8573
Supp: 8309/8300/8223/8145
Mid Supp: 8344/8305/8262/8184

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......