Intraday call performance 11/12/07

11/12/07

Nifty opened in a bullish note and once it crossed the strongest resistance level at 6060, it was allround buying and nifty made a high of 6111.Today's FED rate cut news was helpfull to take nifty to new higher levels.

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

Gail: This stock was given a target of 520 and as expected Gail made a move on upside to make a high of 525.

Following calls were given in yahoo messenger for clients:

Short Ansal Properties at 303 stop 305 and stock made 298 and then came up

Buy Reliance Capital at 2447 stop 2438...small stop loss...and stock made 2462

Buy Eicher Motors at 479 with small stop at 476.5 and it zoomed to 483 and then hit stop at 476.5...small loss

Buy RCOM at 733 stop 729 and RCOM zoomed to make a high of 747

Market outlook for 11/12/07

11/12/07

Market will move up and will face selling at higher levels again today.Today's FED meet also is important for the market and though expected positive news on the card, market might slip before the meet today.Banking stocks will be on watch today.On upper side,watch out for resistance at 6050-6060 range and one can expect selling around these levels and overall buying might emerge if these levels are crossed.On downside, major support is at 5920 and below that, 5865

Stock watch for the day:

GAIL (500): Watch this stock and if starts moving above 500, buy it with stop 495 for targets 515-520