Profit with Phoenix as on 22/02/2010

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 +9, NASDAQ +2, HANGSEHG +460, KOSPI +35, NIKKE1 +320,
SHANGHAI -9, STRAITS +13, DAX +41, FTSE +33, CAC40 +21.

Todays Nifty(Fut) trading levels:

Base: 4923
Res: 4952/4953/4954/4957
Mid Res: 4937/4952/4953/4955
Supp: 4949/4948/4947/4944
Mid Supp: 4936/4949/4948/4945

Todays Bank Nifty trading levels:

Base: 8573
Res: 8586/8589/8592/8601
Mid Res: 8579/8587/8590/8597
Supp: 8580/8576/8573/8564
Mid Supp: 8576/85578/8575/8569

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......