Profit with Phoenix as on 01/04/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 5223/5276 levels. Close of Nifty(Fut) above 5297 may take Nifty(Fut) to long trend and mark levels at 5323/5347 levels, this may further take Nifty till 5376/5398/5420 levels. One of the majour support 5003 still remains at the same level, if Nifty(Fut) breaks 5223/5176 and closes week for 2-3 trading secissions we may see 5123/5054/5023 levels. Market expected to trade volatile. Lets wait to watch the game of Market.

Global Market Indicates:

DOW -50, NASDAQ -12, HANGSEHG +174, KOSPI +17, NIKKE1 +78,
SHANGHAI +30, STRAITS +27, DAX +11, FTSE +7, CAC40 -13.

Todays Nifty(Fut) trading levels:

Base: 5291
Res: 5280/5285/5289/5302
Mid Res: 5286/5283/5287/5295
Supp: 5272/5267/5263/5250
Mid Supp: 5282/5270/5265/5257

Todays Bank Nifty trading levels:

Base: 9509
Res: 9495/9504/9513/9542
Mid Res: 9502/9499/9509/9528
Supp: 9476/9466/9457/9428
Mid Supp: 9492/9471/9462/9443

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......