Profit with Phoenix as on 08/03/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 5023/5077 levels. Close of Nifty(Fut) above 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 4873 still remains at the same level, if Nifty(Fut) breaks 4823/4763 and closes week 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 +122, NASDAQ +34, HANGSEHG +388, KOSPI +18, NIKKE1 +182,
SHANGHAI +13, STRAITS +38, DAX +82, FTSE +72, CAC40 +82.

Todays Nifty(Fut) trading levels:

Base: 5145
Res: 5150/5153/5156/5164
Mid Res: 5147/5151/5154/5160
Supp: 5144/5141/5138/5130
Mid Supp: 5145/5143/5140/5134

Todays Bank Nifty trading levels:

Base: 9140
Res: 9159/9163/9167/9180
Mid Res: 9149/9161/9165/9173
Supp: 9150/9146/9142/9129
Mid Supp: 9145/9148/9144/9135

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......