Intraday call performance 16/11/07

16/11/07

Nifty still couldn't cross 5960 level resistance and closed around 5900 mark again and it seems that if doesn't cross 5960 by monday or tuesday, nifty might set in for another big fall of 500-700 points.Watch for resistance at 5960

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

VSNL: This stock was given a target of 565 on intraday basis and it made a high of 580.

Infosys: As given here, reached the shorting target of 1620 and made a low of 1618

Following calls given in yahoo messenger for clients:

It was an excellent day of trading for my clients

Short PFC at 285-286 stop 289 and stock came down from 284 to 280 and went upto 289.5 hitting stop loss by just .5 and came down to 275 later

Buy GAIL at 440 stop 437....small stop and stock went upto 455

Short GAIL at 454 stop 458 and stock came down to 433 to hit my second target at 435

Short RNRL AT 171 STOP 173.2...small stop and stock fell to 165.4

Market outlook for 16th november

Market outlook for 16th november

Market consolidation continues and is nicely poised now and today being last day of the week, volatility is expected.Nifty is continuously facing resistance around 5960 and if crosses, will target 6000 range.Below 5900, nifty has great suport near 5860 and it looks like move between 5860 to 5960 today and any break out from this range will be another 40 points.

Stock watch for today:

Infosys: This stock couldn't retain its momentum came on wednesday and continued its downward journey and today 1670 will be crucial for it and if stays below that will try 1620-1610 again and above 1670 might hit 1695.But, looks more on downside now.

VSNL: This stock is taken beating from many day's and now it is recoevring well enough.If stays above 533, this will hit 555-565 today itself