Profit with Phoenix as on 18/02/2010

Dear All,

Market expected to open flat today due to the supports of the Global market indicates. Today nifty shall be strong above 4806/4854 levels. Close of Nifty(Fut) above 4923/5054 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. One of the majour resistance level is 4873 still remains the same, if Nifty(Fut) breaks 4823 and closes for 2-3 trading secissions we may shortly see 4723/4640/4540 once again. Hope we have seen the above said levels till 4833.60 recently. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +40, NASDAQ +12, HANGSEHG -36, KOSPI -4, NIKKE1 +15,
SHANGHAI +32, STRAITS -12, DAX +56, FTSE +32, CAC40 +46.

Todays Nifty(Fut) trading levels:

Base: 4900
Res: 4910/4913/4926/4932
Mid Res: 4905/4911/4919/4932
Supp: 4897/4887/4874/4861
Mid Supp: 4898/4892/4880/4867

Todays Bank Nifty trading levels:

Base: 8532
Res: 8554/8571/8610/8649
Mid Res: 8543/8563/8591/8630
Supp: 8515/8493/8454/8419
Mid Supp: 8524/8504/8474/8435

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......