Intraday cal performance 13/12/07

13/12/07

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

Although market opened on a strong note, faced selling at higher levels and once it broke major support of 6110, it went down severely and made a low of 6040 support

Stock watch for the day:

Nahar Industries:This was given a buy call for the taregt of 155-160 and the stock made a high of 154

Following calls were given in yahoo messenger for clients:

Buy Sail at 284 -285 stop 281...small stop loss and sail made 293 ..very good profit

Sell Navbharath at 260-261 stop 262.3 and fell to 247.5....super duper profit

Buy Nicolus Piramel at 345 range stop 340 and stock made 352 and told to come out of longs at 348 when nifty broke 6110

Buy RCom near 760 range with stop loss at 755 and stock made 772 and when it came down to 768 told to come out as nifty broke 6110 support

Buy Essar Oil at 303 stop 302 and essar made 304.5 and then hit the stop loss at 302...small loss

Short IDFC at 227.5 stop 229 and stock made 221.6....very good profit

Market outlook for 13/12/07

13/12/07

Nifty has finally crossed 6100 mark and for today remain above 6110, it looks one sided and it's buy on dips today until 6110 is held.Market is in very bullish mode and as told yesterday in market outlook, nifty is targeting 6400 in near term now.Today, watch out for 6225 resistance zone on upper side and above that it might even hit 6300 also...! but, selling might arise near 6225 range.Downside, watch out for support at 6110 and if breaks (chances are very very remote), market will panic again.

Stock watch for the day:

Nahar Industries: This stock is in very bullish mode and crossover 145 will hit 155-160 today only.Downside support is at 136