Intraday call performance 06/12/07

06/12/07
As expected nifty zoomed and made new high and also there was selling coming at high and more interestingly it even tested the more important resistance level of 5920 once and this resistance will play an important part in coming day's and also today's nifty high will also be very important for future upmove now onwards.

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

Neyveli Lignite: This stock was given a clear buy above 260 for target 275 and it could make only 269 today and came back

Following calls were given in yahoo messenger for clients:

Today there was problem in icici site and so given only 2 calls to clients....

Short Inox Leisure at 159 stop 161 and stock made a low of 157.8 and gave a call to clients to come out if not comfortable and stock then hit stop loss.

Short Essar Oil at 303 stop 307.5 and stock fell to 292

Market Outlook for 06/12/07

Market Outlook for 06/12/07

Nifty zoomed above 5920 and also ended in green and looks to be in very bullish mode now till it maintains 5920.Can it be gap opening today above 6012 is to be seen and high made in first hour is very important today.If the resistance of 5980-6010 is not taken off then again danger ahead for nifty.For today, nifty looks very bullish and 5980-6010 is the resistance zone to be watched which might also be taken off if the gap up opening comes above that and if not, support will be at 5920 and then 5860 on downside.

Stock watch for the day:

Neyveli Lignite: Watch this stock for today and if it maintains 260, target for today would be 275 and below 260, support is at 254 and then 246