Monday, December 31, 2007

Intraday call performance 31/12/07

To Start with "Market Outlook"- "Market Watch Section"
Atlast nifty crossed crucial resistance of 6110 and closed in positive mode and now onwards 6110 might act as strong support for further up movements.New Year opening will be interesting and might be a blast if 6110 is saved.

Stock watch for the day:

G.E.Shipping: This was given a buy call with stop loss 550 for target 570-580 and stock made a high of 571.5

Following calls were given in yahoo messenger for clients:

Buy Redington around 429 stop 423 and stock made a high of 446

Buy Satyam Computers at around 448 stop 443 and stock made 451 and when it came down, told to come out at 448

Buy RCom around 744 stop 739 and stock made 748 and when it came down to 746 told to come out

Short Inox around 222 stop 224.5 and the stock came down to 220

Market Outlook for 31/12/07

Nifty still playing in a range and facing 6110 as stiff resistance and unless it gets past 6110 resistance and stays above that nifty will remain week only and once it gets past 6110, buying will emerge and might take it to 6150 first and if nifty still doesn't cross 6110, then weekness will continue and on downside 6040 and 6000 are good supports.Nifty might also play in a narrow range for a day or two.New-Year might show definite direction to the market.

Stock watch for the day:

G.E Shipping (561): This stock is very strong above 549 now and above 549 it will hit 570-580 today.

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