Profit with Phoenix as on 27/04/2010

Dear All,
Market expected to open negative 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.

Todays Nifty(Fut) trading levels:

Base: 5306
Res: 5314/5319/5331/5343
Mid Res: 5310/5317/5325/5337
Supp: 5302/5294/5282/5270
Mid Supp: 5304/5298/5288/5276

Todays Bank Nifty trading levels:

Base: 9793
Res: 9815/9840/9887/9934
Mid Res: 9804/9827/9863/9910
Supp: 9768/9746/9699/9652
Mid Supp: 9780/9757/9722/9675

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Have a Happy Trade......