Profit with Phoenix as on 19/02/2010

Dear All,

Market expected to open negative 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 +83, NASDAQ +15, HANGSEHG -457, KOSPI -26, NIKKE1 -76,
SHANGHAI +32, STRAITS -32, DAX +32, FTSE +48, CAC40 +22.

Todays Nifty(Fut) trading levels:

Base: 4857
Res: 4887/4888/4889/4892
Mid Res: 4872/4888/4889/4890
Supp: 4885/4885/4884/4881
Mid Supp: 4871/4885/4884/4882

Todays Bank Nifty trading levels:

Base: 8497
Res: 8565/8573/8581/8604
Mid Res: 8531/8569/8577/8592
Supp: 8549/8542/8534/8510
Mid Supp: 8523/8546/8538/8522

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......