Profit with Phoenix as on 23/02/2010

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 4873 has been broken yesterday, if Nifty(Fut) breaks 4823/4763 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 -18, NASDAQ -1, HANGSEHG -157, KOSPI -9, NIKKE1 -120,
SHANGHAI -54, STRAITS -6, DAX -33, FTSE -6, CAC40 -12.

Todays Nifty(Fut) trading levels:

Base: 4858
Res: 4862/4867/4872/4889
Mid Res: 4860/4864/4870/4880
Supp: 4851/4845/4840/4824
Mid Supp: 4854/4848/4832

Todays Bank Nifty trading levels:

Base: 8478
Res: 8486/8492/8498/8517
Mid Res: 8482/8489/8495/8507
Supp: 8474/8468/8461/8443
Mid Supp: 8476/8471/8464/8452

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Have a Happy Trade......