Profit with Phoenix as on 26/03/2010

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 support 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 +5, NASDAQ -1, HANGSEHG +86, KOSPI +1, NIKKE1 +71,
SHANGHAI +37, STRAITS +9, DAX +93, FTSE +49, CAC40 +50.

Todays Nifty(Fut) trading levels:

Base: 5285
Res: 5276/5280/5283/5294
Mid Res: 5281/5278/5282/5289
Supp: 5269/5265/5262/5251
Mid Supp: 5277/5267/5263/5256

Todays Bank Nifty trading levels:

Base: 9329
Res: 9331/9337/9344/9364
Mid Res: 9330/9334/9341/9354
Supp: 9317/9310/9303/9283
Mid Supp: 9323/9314/9307/9293

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Have a Happy Trade......