Today's intraday call updates

05/11/07

As given in Market Outlook today, nifty was unable to cross crucial level of 5952 and came down and in the "Stock to watch" section, Tata Power as mentioned above 1280 zoomed to 1380 level.But, the other stock HDFC was unable to cross level mentioned 1745 and came down heavily.

Buy HDFC Bank around 1730 stop loss 1715 and zoomed to 1742 and told to cover at 1740 level

Buy Adlabs at 940 stop 930 and zoomed to 958

Short SBI at 2315 stop 2330 and stock fell to 2250..but, had told to come out near 2270

Buy Union Bank at 191 stop 188 and stop loss triggered and small loss

Buy Bharti Airtel at 919 stop 914 and stock zoomed to 950

Market Outlook for today

05/11/07

These day's market volatility is too much and most of the day's we get movements of more than 100 points in nifty and provides too many opportunities for intraday players to mint money and by waiting with patience, one can make a correct entry and really earn handsome money in the stock market.Patience is the key to success and especially being in intraday, it play's an very important role.Now, banking stocks have strted their rally and it seems that it will show its movements from here on and will be interesting to see its volume and volatility and also this week onwards will ne more interesting to watch reliance pack movements.Today 5952 is the level to watch out for and once it starts moving above 5952, next resistance will be around 6010.

Stock to watch:

Tata Power-if it manages to remain above 1280, it will zoom towards 1360 mark

HDFC BANK-If manages trading above 1745, it is heading towards 1830 level