Profit with Phoenix as on 23/03/2010

Dear All,
Market expected to open positive today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 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 +43, NASDAQ +20, HANGSEHG +213, KOSPI +9, NIKKE1 -27,
SHANGHAI -7, STRAITS +14, DAX +5, FTSE -5, CAC40 +2.

Todays Nifty(Fut) trading levels:

Base: 5243
Res: 5245/5246/5248/5254
Mid Res: 5244/5246/5247/5251
Supp: 5241/5239/5237/5232
Mid Supp: 5242/5240/5238/5235

Todays Bank Nifty trading levels:

Base: 9250
Res: 9251/9255/9259/9270
Mid Res: 9251/9253/9257/9265
Supp: 9244/9240/9236/9225
Mid Supp: 9247/9242/9238/9230

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......