Today's intraday call updates

07/11/07

To start with "Market Outlook"- "Market Watch Section"

"Ispat Industries" made a high of 31.5 crossing my target of 30

"I-Flex" fell to 1388 as expected

"UTV Software" just made a high of 721 as target was given at 725-735.


Following calls given in yahoo messenger for clients:

Short PFC at 271 stop 275 and pfc came down till 265.75 and told to cover in profit as 265 was big support

Short Iflex at 1435 stop 1450 and stock slided till 1388 and target was 1390

Short Maruti at 1010 stop 1024 and stock came down to 994

Market Outlook for today

07/11/07

It will be more interesting to see reliance pack perform today.Don't be surprised if it starts moving up again and if nifty manages above 5700, well one might get dewali bumper today itself.Stocks like RPL, Reliance Energy, RNRL, Reliance Capital are more intereting today.Overall nifty has major support at 5700 and hope it holds on for upmove.

STOCKS TO WATCH TODAY:

UTV SOFTWARE: This stock is near to its big support of 696 and if start moving below that might go till 675-680 and if it is above 704, then 725-735 is possible today and if moves above 735, might test 765 straight.

I-flex: Showing weekness now and facing selling at every raise and today also it will face selling at high.Today 1480 is big resistance and in all probability, it may not cross that and might slide to 1420-1430 today itself.

Ispat Industries: Looks to be in very good position now and on intraday basis, above 28 will shoot upto 30 and downside 26.5 is major support.