Intraday call performance 17/12/07

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

Nifty opened week as expected and continued its downward journey and never recovered after that and it was told here also that first 30 minutes will be crucial for market direction today and market went on breaking all supports and made even a low of 5740 a whopping 300 points loss on intraday basis..!

Stock watch for the day:

Gail:This was given a buy call only above 510 and sell call below 510 to target 500 and stock made a low of 495

Following calls were given in yahoo messenger for clients:

Short Idea Cellular at 137 stop 139 and stock made 127.5

Buy Axis Bank at 1000 range....stop 994....small stop loss and stock zoomed to 1006 and then hit stop loss

Buy G.E.Shipping at around 526-527 stop 523...small stop loss for 540 and the stock made 537

Market outlook for 17/12/07

Nifty is showing weekness now and below 6110, today also nifty will continue its downwards journey and if nifty crosses 6110 in anytime, allround buying will emerge again.Downside, 5990 will provide good support and if there is lower opening and if 5990 is not broken, there will be smart recovery.So, watch out for 5990-6110 today and any side break out will be too much.Watch the market for initial 30 minutes which might decide the market trend for today.If 5990 gets broken anytime, then the lower support is at 5960.

Stock watch for the day:

Gail : This stock will move towards 530-535 above 510 and if 510 is broken then might fall to 500.