Great day of trading ..intraday Call Updates 20/11/07

20/11/07

As told in the "Market Outlook", Nifty broke 5860 and made a low of 5756.Nifty opening itself was down and the trend continued till the end.

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

Infosys Technology: This was a clear sell and target given was 1580 as first target and this IT major made a low of 1551

Following calls given in yahoo messenger for clients:

Today was really a great day for all my clients

Short Neyveli Lignite AT 211-212 STOP 212.5 and fell to 205 and then went upto hit 712.5

Short RPL AT 216 STOP 221.5 and stock fell to 207.3

Short SBI at 2340-2345 range stop 2365 and SBI came down to hit 2270

Buy NIIT at 249-250 range stop 245 and it went upto 251 and when it came down to 250, told to come out with no profit -No loss

Short RCOM AT 721 STOP 725 and stop loss hit

Short RCOM again at 723 stop 728 for targets 710-700 and stock came down to 705

Short Neyveli Liginite at 213 stop 215.5 and stock came down to 207.5

Market outlook for 20th November

20/11/07

Nifty still below 6000 and till it crosses 6000, it is sell at raise only and today nifty looks all set to break 5860 on downside which will drag nifty to lower level in comnig day's for sure as 5860 is important support for nifty.Opening will be very crucial for today and might as well decide the trend for the day.Allround buying might start only if nifty zooms past 6012 level.

Stock watch for the day:

Infosys Technology: This IT major is at the crucial point now and Just 10 points away from 1 year low and if slides below 1610, will target 1580 on downside.On upper side 1630 level has to be watched.Above 1630, some buying might come.