Profit with Phoenix as on 22/03/2010

Dear All,

Market expected to open negative today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 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 -37, NASDAQ -16, HANGSEHG -419, KOSPI -20, NIKKE1 +80,
SHANGHAI -3, STRAITS -17, DAX -29, FTSE +7.5, CAC40 -12.

Todays Nifty(Fut) trading levels:

Base: 5211
Res: 5227/5232/5236/5250
Mid Res: 5219/5229/5234/5243
Supp: 5218/5213/5209/5195
Mid Supp: 5214/5216/5211/5202

Todays Bank Nifty trading levels:

Base: 9191
Res: 9220/9230/9240/9271
Mid Res: 9205/9225/9235/9255
Supp: 9199/9189/9179/9148
Mid Supp: 9195/9194/9184/9164

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......