Today's Intraday blasting call performance- 21/11/07

21/11/07

I had clearly given in the "Market Outlook" that break of 5750 will be panic upto 5660 and if breaks 5660, then straight to 5500 and nifty did collapse and made a low of 5530 and what more can one ask for..!

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

RCOM-I had given a short call on RCOM below 710 for target 685 and stock made a low of 675

Following calls given in yahoo messenger for clients:

Today was again a big profit making day for my clients

Buy SRF at 167 stop 162 for target 173-175 and stock zoomed to 173

Short Aptech at 395 STOP 396.5 and stock fell from 394.5 to 375

Short Reliance Capital at 2265 stop 2280 and stock made a low of 2251 and hit the stop loss

Short Reliance Capital at AT 2285 stop 2310 and stock fell to 2260 and told to come out

Watch Aptec and Buy at 389 and stock zoomed to 397

Buy Gail at 430 stop 426 and stock went upto 432 and when it came down to 428, told to come out with less loss

Short Reliance Capital at 2242 stop 2250 and stock fell to 2175

Short Reliance Capital again at 2200 stop 2216 and stock fell to 2150

Market Outlook for 21/11/07

21/11/07

Market Outlook
As expected, nifty crashed and fell to 5750 level which is again a minor support now and if not broken, market will remain positive today.I had told before that monday will be trend decider and it proved out to be as nifty failed to cross 6000 on monday.Today, nifty will pull up a bit and higher level selling will come again around 5830-5860 and if moves above 5860, over all buying will come again.As nifty is showing multiple resistances around 5950-6000 range show's how strong 6000 reisistance is now and anytime nifty crosses 6012, we are in for another 250-300 points upside in nifty.Till then enjoy the volatility.Now, below 5750 support, nifty has one more support at 5660 range and break below that may be straight to 5500.Let's see how the things will turn out here onwards.

Stock watch for the day:

Rcom- This stock is showing some weekness since some day's now and today if it starts falling below 710, it will fall towards 695-685 and remain above 710, it will move near to 727 which is the toughest resistance to cross today and if crosses, then might blast to 736-743