Intraday call performance 23/11/07

23/11/07

Today for most of the day market remained positive and also closed around 5600 and looks to be in bullsih mode for monday and monday opening will decide the trend.

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

IDFC : This was given a clear sell below 190 for target of 180-175 and stock made a low of 181 as per expectation.

Following calls given in yahoo messenger for clients:

Buy Bharti at 917 stop 911 and when it came down later, gave the call to cover at 915 with small loss

Short Gesco Corporation at 665 stop 668...small stop and stock fell to 660 and then went up to hit stop loss

Short Bharti at 915 with small stop at 918 and stock came down to 905

Short vsnl at around 514 stop 517 and stock fell to 511 and then hit stop at 517

Buy 30 quantity of SBI at 2250 stop 2235 and stock zoomed to 2260 first and then hit stop loss

Market outlook for 23rd November

23/11/07

Market Outlook

Even though nifty crashed as clearly told in yesterday's market outlook, Yesterday's volatility was too much and it brought nervousness among traders.Though nifty recovered at the end, still weekness continues and below 5630, nifty is sell at raise only and today also if nifty stay's below 5630, again restest of 5390 is possible and anytime nifty crosses 5630, allround buying will come.So, it's the play between 5390-5630.Watch out.

Stock watch for the day:

IDFC: This stock has lost its stream and below 190 mark, it looks still week and will move towards 180-175 again today only if stays below 190.If starts moving above 196 only it will turn out total bullish.