Profit with Phoenix as on 11/03/2010

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 +2, NASDAQ +18, HANGSEHG -73, KOSPI -2, NIKKE1 +94,
SHANGHAI -9 STRAITS -3, DAX +50, FTSE +38, CAC40 +33.

Todays Nifty(Fut) trading levels:

Base: 5101
Res: 5122/5127/5132/5146
Mid Res: 5112/5125/5130/5139
Supp: 5113/5108/5104/5089
Mid Supp: 5107/5111/5106/5096

Todays Bank Nifty trading levels:

Base: 9110
Res: 9105/9114/9124/9152
Mid Res: 9108/9109/9119/9138
Supp: 9086/9076/9067/9039
Mid Supp: 9098/9081/9072/9053

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Have a Happy Trade......