Profit with Phoenix as on 22/01/2010

Dear All,

Market expected to open negative 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 yesterday, if Nifty(Fut) breaks 5070 and closes for next 2-3 trading secissions we may shortly see 4954/4823/4789 once again. Close of Nifty(Fut) above 5146/5172 may take Nifty(Fut) again back to long trend and mark levels at 5213/5247 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 -213, NASDAQ -25, HANGSEHG -486, KOSPI -33, NIKKE1 -295,
SHANGHAI -54, STRAITS -39, DAX -104, FTSE -85, CAC40 -99.

Todays Nifty(Fut) trading levels:

Base: 5027
Res: 5067/5050/5074/5097
Mid Res: 5047/5059/5062/5085
Supp: 5044/5003/4980/4956
Mid Supp: 5035/5023/4991/4968

Todays Bank Nifty trading levels:

Base: 8802
Res: 8905/8902/9002/9102
Mid Res: 8854/8904/8952/9052
Supp: 8805/8702/8602/8502
Mid Supp: 8804/8754/8652/8552

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......