Today's intraday call performance-13/11/07

13/11/07

Nifty crosses 5700 again and closed just around 5700 again.I had told nifty will test 5500 level after breaking 5700 and exactly nifty made a low of 5476 and bounced back to 5700.Still nifty looks week as it is just around 5700 and will be interesting to see tomorrow's market

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

I had given Buy call on ISPAT INDUSTRIES for target of 42-43 and stock made a high of 42.85 as told here.

Secondly BHARTI TELE as expected did come down to test 825 as told and made a low of 828 after breaking 850.

Following calls given in yahoo messenger for clients:

Buy Reliance Capital at 2055-2060 stop 2035 and stock zoomed to 2071 and told to come out

Buy SBI at 2245 stop 2220 and stock zoomed to 2272 and told to come out and later it zoomed to 2324 as told earlier in the day

Short Renuka Sugar at 777 stop 781...small stop loss and stock went down to 747

short Bharti at 840 stop 850 and stock came down till 830 for the first target

Now, if Bharti doesn't cross 850, it will go down to 834 and stock slided from 848 exact to 828

Market outlook for 13th november

13/11/07

Market behaved as told yesterday in my blog.It was low opening and then late recovery.Even though Nifty did make a late recovery, it still looks like just short covering and 5700 still play's a major resistance for sure and if not able to cross that level, nifty might again fall towards 5500 and in a day or two, this might be clear.For now, volatility continues and 5700 should be watched on upper side and 5476 on downside and failure to break above 5700, nifty might be heading towards 5250.So, watch out 5700 level.

Stock watch for today:

ISPAT INDUSTRIES: The stock has made moves in big way these day's and if it moves above 40, it will move to 42-43 today

BHARTI AIRTEL: This stock has already broken its major support and will be interesting to see whether it can hold 825 support which is likely to be tested today and break of that will definitely take this stock towards 800