Profit with Phoenix as on 19/03/2010

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 +45, NASDAQ +2, HANGSEHG -33, KOSPI +6, NIKKE1 +71,
SHANGHAI -9, STRAITS +76, DAX -11, FTSE -2, CAC40 -19.

Todays Nifty(Fut) trading levels:

Base: 5267
Res: 5258/5262/5266/5279
Mid Res: 5262/5260/5264/5272
Supp: 5249/5245/5241/5228
Mid Supp: 5258/5247/5243/5235

Todays Bank Nifty trading levels:

Base: 9267
Res: 9258/9262/9266/9279
Mid Res: 9262/9260/9264/9273
Supp: 9249/9245/9241/9228
Mid Supp: 9258/9247/9243/9234

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......