Profit with Phoenix as on 18/03/2010

Dear All,
Market expected to open flat today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 5077/5123 levels. Close of Nifty(Fut) above 5173 may take Nifty(Fut) to long trend and mark levels at 5255/5273 levels, this may further take Nifty till 5297/5323/5347 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 see 4723/4640/4540 levels. Market expected to trade volatile. Lets wait to watch the game on Nifty.

Global Market Indicates:

DOW +47, NASDAQ +11, HANGSEHG -12, KOSPI +2, NIKKE1 -23,
SHANGHAI +1, STRAITS -6, DAX +53, FTSE +24, CAC40 +18.

Todays Nifty(Fut) trading levels:

Base: 5243
Res: 5244/5249/5254/5269
Mid Res: 5243/5246/5251/5262
Supp: 5233/5228/5223/5208
Mid Supp: 5238/5231/5226/5215

Todays Bank Nifty trading levels:

Base: 9200
Res: 9201/9209/9217/9241
Mid Res: 9200/9205/9213/9229
Supp: 9184/9176/9168/9144
Mid Supp: 9192/9180/9172/9156

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......