Intraday call performance 05/12/07

05/12/07
Nifty opened positive today and also ended in green and only interesting resistance will be around 5980-6010 and if this resistance is crossed, then overall buying will come.

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

Neyveli Lignite: Today it was given a sell call if 255 was not taken off and stock crossed 254 and made high of 269

Jindal Stainless: This was a buy call with stop loss 235 for target of 245 and stock made 244 and came down to hit the stop

Following calls were given in yahoo messenger for clients:

Short Glaxo at 956 stop 960...don't keep long stop and stock made 948 and then hit stop loss

Buy Jindal stainless at 239 stop 237 and Jindal zoomed to 241.5 and then hit stop

Short Neyveli Liginite at 250 with stop 254 and Neyveli fell to 246 and then hit stop loss

Short IFCI at 109 stop 110.2 ad stock FELL TO 106...very good profit here

Buy Sail at 282 stop 279 and it made 291...good profit

Neyveli looking hot now at 254...Buy it with stop 250 and stock zoomed to 269...super duper call

Market Outlook for 05/12/07

Market Outlook for 05/12/07

Nifty is facing stiff resistance around 5900 and for today, if nifty fails to cross 5900, then it might test 5820 and on the downside, 5780 will be strong support to watch out only if 5820 is broken.Above 5900, again 5920 will be the strongest resistance for today and only above that level it will be bullish.So, watch out 5900 and 5820 today.

Stock watch for the day:

Neyveli Lignite (244): Today watch out for 255 level and if doesn't cross that, sell this for target 240-236

Jindal Stainless (238.6): Watch out for strong support at 235 and if this support is held, this stock will move towards 245-250 today.