Profit with Phoenix as on 17/03/2010

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 +43, NASDAQ +15, HANGSEHG +159, KOSPI +16, NIKKE1 +74,
SHANGHAI +18 STRAITS +8, DAX +67, FTSE +26, CAC40 +48.

Todays Nifty(Fut) trading levels:

Base: 5239
Res: 5246/5249/5251/5259
Mid Res: 5242/5247/5250/5255
Supp: 5241/5238/5236/5228
Mid Supp: 5240/5239/5237/5232

Todays Bank Nifty trading levels:

Base: 9175
Res: 9159/9166/9173/9193
Mid Res: 9167/9163/9169/9183
Supp: 9146/9139/9132/9112
Mid Supp: 9160/9142/9136/9122

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Have a Happy Trade......