Profit with Phoenix as on 25/02/2010

Dear All,

Market expected to open flat today due to the supports of the Global market indicates. Nifty(Fut) 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 +91, NASDAQ +22, HANGSEHG +52, KOSPI -14, NIKKE1 -19,
SHANGHAI +25, STRAITS -7, DAX +11, FTSE +27, CAC40 +8.

Todays Nifty(Fut) trading levels:

Base: 4883
Res: 4895/4898/4900/4909
Mid Res: 4889/4896/4899/4905
Supp: 4889/4886/4883/4874
Mid Supp: 4886/4887/4884/4878

Todays Bank Nifty trading levels:

Base: 8538
Res: 8546/8553/8560/8580
Mid Res: 8542/8550/8557/8570
Supp: 8533/8526/8519/8499
Mid Supp: 8536/8530/8523/8509

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Have a Happy Trade......