Intraday call performance 28/11/07

28/11/07
Although nifty started with upward movement and resisted exactly at my resistance point and was trading in a narrow range for the whole day, it gave up its gain and closed down below its big support at 5630.This is all because of expiry of this month.Tomorrow will be a very volatile day.

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

INFOSYS: This stock as expected moved upwards and got past 1590 and couldn't cross 1600 and once it broke 1590, it directly fell to 1560 as told and made low of 1557 and closed at 1569

SAIL: As told, it made a high of 270 and also as it broke 260, it went down as expected and made a low of 249

Following calls given in yahoo messenger for clients:

Buy IDBI at 169 stop 166 and stock zoomed to 172.5

Buy IDFC at 210 with small stop loss at 209 and stock hit stop loss...small loss

Buy G.E SHIPPING at 494 stop 490 and stock zoomed to 507.5

Buy IDFC at 205 now stop 204.5 and stock zoomed to 208 and told to come out

Buy Essar Oil at 214 stop 212 and stock zoomed to 215.5 and when it came down later..told to cover at 214.7

Market outlook for 28th November

28/11/07

Although market is very volatile ahead of expiry and week world markets, it is still not showing major weekness till now.For today, 5750 will be major resistance and above that nifty will fly and might hit 5785-5800 also-the final ressitance.Below 5750, nifty will remain week and 5630 will be major support on downside.Volatility will be too much for another 2,3 day's.Market recovery is possible today.Watch the levels mentioned above.

Stock watch for the day:

Infosys: Dollar improving and there are scopes of upmovement for today.Watch this stock when it moves upto 1590 and above that might test 1610 strong resistance and if still doesn't cross 1590, then weekness will continue.So, watch for 1590 resistance.Downside 1560 will be support.

SAIL: This stock has major support at 260 and if it holds on to 260, it will move upto 270-275 today.Downside, if 260 is taken off we might see 255.