Profit with Phoenix as on 12/03/2010

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 +44, NASDAQ +9, HANGSEHG +14, KOSPI +1, NIKKE1 +43,
SHANGHAI -0.14 STRAITS +6, DAX -8, FTSE -23, CAC40 -14.

Todays Nifty(Fut) trading levels:

Base: 5168
Res: 5161/5165/5169/5183
Mid Res: 5165/5163/5167/5176
Supp: 5152/5148/5143/5130
Mid Supp: 5160/5150/5145/5137

Todays Bank Nifty trading levels:

Base: 9223
Res: 9228/9232/9236/9248
Mid Res: 9226/9230/9234/9242
Supp: 9220/9216/9212/9200
Mid Supp: 9222/9218/9214/9206

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.

ALL MY MARKET INFORMATIONS & CALLS ARE FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT.

Have a Happy Trade......