Profit with Phoenix as on 25/03/2010

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 -52, NASDAQ -16, HANGSEHG -264, KOSPI +2, NIKKE1 +10,
SHANGHAI -26, STRAITS -3, DAX +21, FTSE +4, CAC40 -2.

Todays Nifty(Fut) trading levels:

Base: 5224
Res: 5229/5232/5236/5245
Mid Res: 5226/5231/5234/5240
Supp: 5223/5220/5217/5207
Mid Supp: 5223/5222/5218/5212

Todays Bank Nifty trading levels:

Base: 9212
Res: 9236/9243/9251/9275
Mid Res: 9224/9240/9247/9263
Supp: 9220/9212/9204/9181
Mid Supp: 9216/9215/9208/9193

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......