Profit with Phoenix as on 21/04/2010

Dear All,

Market expected to open positive today due to the supports of the Global market indicates. 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. 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. Market expected to trade volatile. Lets wait to watch the game of Market.

NOTE: WELLWORTH SHARES: GOLDMAN SACHS REPORTS QUARTERLY REPORTS, REVENUE TOPS LAST YEARS RESULT AND WALL STREET EXPECTATIONS, STOCK UP 2% in LAST 3 TRADING SESSIONS.
RBI HIKES CRR, REPO, REVERSE REPO BY 25bps each. POSITIVE FOR MARKETS

Todays Nifty(Fut) trading levels:

Base: 5250
Res: 5258/5271/5291/5311
Mid Res: 5254/5265/5281/5301
Supp: 5238/5230/5209/5189
Mid Supp: 5244/5234/5220/5199

Todays Bank Nifty trading levels:

Base: 9493
Res: 9509/9535/9577/9619
Mid Res: 9501/9522/9556/9598
Supp: 9467/9451/9409/9367
Mid Supp: 9480/9459/9430/9388

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Have a Happy Trade......