Profit with Phoenix as on 10/03/2010

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 +11, NASDAQ +8, HANGSEHG -13, KOSPI -4, NIKKE1 -8,
SHANGHAI -17, STRAITS +14, DAX +9, FTSE -4, CAC40 +6.

Todays Nifty(Fut) trading levels:

Base: 5105
Res: 5099/5102/5104/5112
Mid Res: 5102/5100/5103/5108
Supp: 5094/5092/5089/5082
Mid Supp: 5099/5093/5090/5085

Todays Bank Nifty trading levels:

Base: 9127
Res: 9125/9128/9131/9141
Mid Res: 9126/9127/9130/9136
Supp: 9119/9116/9113/9104
Mid Supp: 9123/9118/9115/9109

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Have a Happy Trade......