Profit with Phoenix as on 09/03/2010

Dear All,

Market expected to open negative 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 -13, NASDAQ +5, HANGSEHG +65, KOSPI -1, NIKKE1 -27,
SHANGHAI +4, STRAITS +6, DAX -1, FTSE +6, CAC40 -6.

Todays Nifty(Fut) trading levels:

Base: 5116
Res: 5119/5120/5122/5126
Mid Res: 5117/5119/5121/5124
Supp: 5115/5114/5112/5108
Mid Supp: 5116/5115/5113/5108

Todays Bank Nifty trading levels:

Base: 9123
Res: 9134/9137/9140/9148
Mid Res: 9129/9136/9139/9144
Supp: 9129/9126/9123/9115
Mid Supp: 9126/9128/9125/9119

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Have a Happy Trade......