Profit with Phoenix as on 05/03/2010

Dear All,
Market expected to open positive 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 +47, NASDAQ +2, HANGSEHG +83, KOSPI +8, NIKKE1 +209,
SHANGHAI -10, STRAITS +11, DAX -22, FTSE -6, CAC40 -14.

Todays Nifty(Fut) trading levels:

Base: 5114
Res: 5105/5109/5113/5125
Mid Res: 5109/5107/5111/5119
Supp: 5097/5093/5089/5077
Mid Supp: 5105/5095/5091/5083

Todays Bank Nifty trading levels:

Base: 9087
Res: 9062/9074/9086/9121
Mid Res: 9074/9068/9080/9103
Supp: 9038/9026/9015/8979
Mid Supp: 9062/9032/9021/8997

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Have a Happy Trade......