Monday, December 10, 2007

Intraday cal performance 10/12/07

10/12/07

Today nifty again faced selling at higher level and remained week throughout the day and most importantly nifty held to the support level given here in the market outlook at 5920 as nifty made a low of 5923 and bounced back to close at 5961

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

Bharti Tele: This was a clear buy call with stop 950 for target 985 and as told, stock made a high of 989

Following calls were given in yahoo messenger for clients:

Buy IFCI at 105 stop 103 and stock zoomed to 107 and told to come out when it came down to 104.8

Buy GE Shipping now at 491 stop 487 and stock made 493 and when it came down to 491.5, told to come out of that position with no profit-no loss

Buy Reliance Capital at 2415 stop 2400 and stock zoomed to 2423 and then came down to hit the stop loss

Sell Kotak Bank at 1300 stop 1315..and teh stock came down till 1283

Buy ICICI BANK now at 1273 stop 1265 and told to cover at 1270...small loss

Market outlook for 10/12/07

10/12/07

Left has started threatning the government again......

Nifty is facing selling at every raise and for today watch out for 6050-6060 range and if nifty doesn't cross this range, it will again fall from the top for sure.In other way round, if nifty crosses this level then all round buying will come today.Moreover left has again started threatning the government over nuclear issue and so, market might seem to fall from top again today.Downside, watch out for 5920 and then 5890 support.It looks like a play between 5920-6060 today.Any break might be crucial

Stock watch for the day:

Bharti Tele (959) : This has broken out and for today, buy this stock with stop 950 for target of 985

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