Profit with Phoenix as on 03/05/2010

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 5245/5273 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: 5241
Res: 5260/5258/5276/5294
Mid Res: 5250/5259/5267/5285
Supp: 5243/5223/5205/5187
Mid Supp: 5242/5233/5214/5196

Todays Bank Nifty trading levels:

Base: 9816
Res: 9857/9872/9928/9984
Mid Res: 9837/9865/9900/9956
Supp: 9801/9760/9704/9648
Mid Supp: 9809/9781/9732/9676

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......