Intraday call performance 14/12/07

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

Nifty opened week and moved up later.But still coudn't cross 6110 resistance told and hence remained week throughout the day and although nifty broke one suport at 6040 as expected, but couldn't break 6000 strong support given and will be interesting to see nifty movements on monday

Stock watch for the day:

Bharti Tele:This stock was given a target of 1010 above 980, and a target of 960 below 980 and the stock zoomed to 999 on upper side above 980 and on break of 980 came down crashing to 945

Following calls were given in yahoo messenger for clients:

It was a great trading day for my clients

Short Bharti Tele at 978 stop 985 and stock fell to 945 and told to come out near 950...super duper profit

Short RCom at 770 stop 772 and stock fell to 758..very god profit

Take a small risk and Short Navbharath at 258 stop 260.5...very small stop loss..and stock fell to 251...super duper profit

Buy Bharti at 948 stop 944...small stop loss...and stock zoomed to 959 and told to come out as 960 was ressitance

Market outlook for 14/12/07

As soon as Nifty broke 6110, it came down heavily and now looks set to test 6000 for today and on upper side 6110 will be tested again and failure to break 6110 will result in testing 6000 strong support which will be difficult to break and if breaks 6000 strong support, it will be worse and nifty might go straight to 5960.These day's world market clues are also important in taking market directions.Yesterday Dow jones closed marginally up by 44 points.If the market opens on a week note, buying might come from lower levels near to 6000 levels and if opens higher, selling might emerge from higher levels again.On upperside, watch out for 6110 level and if nifty breaks this level it will move towards 6150 range.Overall, it might be a volatile day today.

Stock watch for the day:

Bharti Tele (988): This stock taken a beating yesterday and for today, 980 will be support and if holds on to 980, it will move towards 1010-1025 again.If 980 gets broken, then it will hit 965-960 on downside.