Intraday call performance 04/12/07

04/12/07

Nifty couldn't even cross 5900 today and selling came from 5897 just as told here about higher level selling....! now, 5800-5820 will be good support on downside for further upmove.


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

GE Shipping : This stock was a clear buy above 500 for the target of 520-525.But the market sentiments did not allow it to make 520 and just made a high of 513

Following calls were given in yahoo messenger for clients:

A good trading day for my clients again....

Short Glaxo around 960 stop 965 for target 935 and came down to 948

Buy Shringar Cinema at 106 stop 104.9 and stock zoomed to 108.3

Short IDFC at 221 stop 224 for targets 217-215 and came down to 214

Market Outlook for 04/12/07

04/12/07

Market Outlook

As expected nifty zoomed and near to 5900 now and overall sentiments are also very bullsih and the final resistance will be in the range of 5980-6010 and if crosses that overall buying will take nifty towards 6300 mark and if fails to cross this time also then nifty might drop to 5200 level. For today, watch the level of 5910 and if nifty moves above that will test 5960 resistance for sure.One can expect higher level selling to come today.There might also be a gap up opening today.On downside, strong support at 5835-5820.

Stock watch for the day:

G.E.SHIPPING: Remain above 500, target would be 520-525 today.Below 500, might fall to 492 range