Intraday cal performance 19/12/07

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

As expecetd and told nifty went up above 5800 and made a high of 5840 but never reached 5860 and faced selling from higher level and came down to test 5700 resistance and finally broke even that and made a low of 5677.Nifty continued its volatility and the time is proving right for day traders.

Stock watch for the day:

Marico: This was again given a buy call above 67 for a target 73, but it made a high of 71.7

Following calls were given in yahoo messenger for clients:

Short Sail at around 266 stop 267..small stop loss....and stock made a low of 250

Buy Everest Kanto around 321 stop 316 and stock went upto 326 and closed at 323

Short Ansal Properties at around 396 stop 400....and stock made a low of 363

Buy Monnet Ispat at 524-525 stop 520 and stock made 529 and then came down to hit stop loss

Buy Air Deccan around 304 stop 299 ...and stock made 310.5 and for those who didn't cover at 310, told to come out when it came down to 307

Market outlook for 19/12/07

There is so much of volatility in the market these day's and also now onwards factors like christmas, new year, global factors and also expiry effect will show its presence in the market.For today, above 5780 nifty will move towards big resistance at 5860 which is to be watched as selling is expected again around these levels.Downside, 5700 still remains big support for nifty.Break of 5700 might take nifty to 5665 support.

Stock watch for the day:

Marico (68.9) : Yesterday this stock achieved its given target and for today also it is a buy above 67 and target will be 73.But, if 67 breaks (chances are very very remote) it might fall to 65