Profit with Phoenix as on 30/03/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. Nifty(Fut) shall be strong above 5223/5276 levels. Close of Nifty(Fut) above 5297 may take Nifty(Fut) to long trend and mark levels at 5323/5347 levels, this may further take Nifty till 5376/5398/5420 levels. One of the majour support 5003 still remains at the same level, if Nifty(Fut) breaks 5223/5176 and closes week for 2-3 trading secissions we may see 5123/5054/5023 levels. Market expected to trade volatile. Lets wait to watch the game of Market.

Global Market Indicates:

DOW +45, NASDAQ +9, HANGSEHG +115, KOSPI +4 NIKKE1 +51,
SHANGHAI -2, STRAITS +4, DAX +36, FTSE +7, CAC40 +11.

Todays Nifty(Fut) trading levels:

Base: 5338
Res: 5326/5331/5335/5350
Mid Res: 5332/5328/5333/5342
Supp: 5316/5311/5307/5292
Mid Supp: 5327/5314/5309/5300

Todays Bank Nifty trading levels:

Base: 9562
Res: 9554/9558/9562/9575
Mid Res: 9558/9556/9560/9569
Supp: 9545/9541/9536/9523
Mid Supp: 9554/9543/9539/9530

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......