Profit with Phoenix as on 31/03/2010

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 +11, NASDAQ +6, HANGSEHG +15, KOSPI -0.86 NIKKE1 +33,
SHANGHAI -9, STRAITS -14, DAX -14, FTSE -38, CAC40 -13.

Todays Nifty(Fut) trading levels:

Base: 5297
Res: 5280/5287/5294/5314
Mid Res: 5289/5284/5290/5304
Supp: 5267/5260/5253/5233
Mid Supp: 5282/5263/5256/5243

Todays Bank Nifty trading levels:

Base: 9511
Res: 9507/9514/9521/9542
Mid Res: 9509/9511/9518/9531
Supp: 9494/9487/9480/9459
Mid Supp: 9502/9490/9483/9470

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......