Profit with Phoenix as on 15/03/2010

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 +12, NASDAQ -0.8, HANGSEHG -230, KOSPI -17, NIKKE1 -18,
SHANGHAI -38 STRAITS -7, DAX +16, FTSE +8, CAC40 -1.

Todays Nifty(Fut) trading levels:

Base: 5112
Res: 5116/5119/5121/5127
Mid Res: 5114/5118/5120/5124
Supp: 5112/5110/5108/5101
Mid Supp: 5112/5111/5109/5104

Todays Bank Nifty trading levels:

Base: 9135
Res: 9134/9139/9145/9160
Mid Res: 9135/9137/9142/9152
Supp: 9124/9119/9114/9098
Mid Supp: 9130/9121/9116/9106

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......