Profit with Phoenix as on 04/03/2010

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 -9, NASDAQ -0.11, HANGSEHG -104, KOSPI -4, NIKKE1 -2,
SHANGHAI  -32, STRAITS -7, DAX +41, FTSE +49, CAC40 +30.

Todays Nifty(Fut) trading levels:

Base: 5080
Res: 5084/5086/5089/5098
Mid Res: 5082/5085/5088/5094
Supp: 5078/5075/5072/5063
Mid Supp: 5079/5076/5073/5067

Todays Bank Nifty trading levels:

Base: 9021
Res: 9029/9032/9036/9046
Mid Res: 9025/9031/9034/9041
Supp: 9022/9018/9015/9005
Mid Supp: 9021/9020/9017/9010

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Have a Happy Trade......