Intraday Call Perormance 30/12/08

Market close higher after initial range bound trade

Nifty started trading higher today above 2950 and was trading range bound for most part of the day and then late afternoon Reliance Industries as usual lifted the market to take nifty near and then at the close, Nifty closed at 2979, up 57 points from the previous close.The market breadth was positive with advances at 886 against declines of 307 on the NSE. Top Nifty gainers included Satyam Computers, Idea and RCom and losers includes Tata Steel Grasim and RPL.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2915 with stop loss 2900 for target 2950-2980 and it made 3012....Super Duper Profit

Buy SBI around 1264 with stop loss 1252 for target 1285-1305 and it made 1308....Super Duper Profit

Buy Sterlite Industries around 259 with stop loss 254 for target 268-274 and it made 268....Super Profit

Buy RCom around 216 with stop loss 215 for target 225-234 and it hit 214.5 and then it made 231....SHEER BAD LUCK

Short HDIL around 134 with stop loss 135.8 for target 130-126 and it made 132.5 and then went up to hit the stop loss

Intraday call performance 29/12/08

Market closing positive after initial weekness

Market started very weak today with nifty staying below 2850 mark for almost till mid-afternoon and then some positive global cues nifty started moving above 2850 to make a high of 2932 and banking, metal , oil and gas stocks helped the index to climb.The market breadth was positive with advances at 679 against declines of 512 on the NSE.Top nifty gainers included Sail, Satyam Computers and Cairn and losers included Tata Power, Maruti and Tata Motors.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2845-2855 with strict stop loss of 2870 for target 2810 and it made 2817....Good Profit

Buy DLF around 264-265 for target 275 and it made 274....Super Profit

Short Tata Steel around 207 with stop loss 209.5 for target 200 and it made 203....Good Profit

Short SBI around 1223 with stop loss 1238 for target 1200-1185 and it made 1210 and then hit the stop loss

Short ICICI around 424 with stop loss 428 for target 415 and it made 416.9....Good Profit

Short Tisco around 216 with stop loss 218.2 for target 210 and it made 211.8....Good Profit

Intraday call performance 26/12/08

Market crashing post expiry...!

The market opened above 2900 and was trading in strong resistance zone of 2960 till afternoon and also because of Reliance Industries holding the index and then started sliding in afternoon session along with Reliance Industries and later on crashed to make a low of 2845.Thus market ended weak at 2857, downdown 59 points from the previous close.There was selling in banking, IT and realty space. The market breadth was negative with advances at 339 against declines of 859 on the NSE.Top nifty gainers included RPL, Maruti and Nalco and losers included Reliance Industries, DLF and Nalco.

Following calls were given in yahoo messenger for clients

Clients enjoyed huge profits today

Short Nifty Futures around 2965 with stop loss 2975 for target 2940-2910 and it made 2856....SUPER DUPER PROFIT

Short DLF around 302 with stop loss 303.65 for target 295-289-283 and it made 274....SUPER DUPER PROFIT

Short Reliance around around 1270 with stop loss 1282 for target 1240-210 and it made 1204....SUPER DUPER PROFIT

Short Kotak Bank around 361-362 with stop loss 366 for target 350-343 and it made 335.....SUPER DUPER PROFIT

Buy Axis Bank around 502 with stop loss 497 for target 523 and it made 511....Average Profit

Short HDIL at 136.4 with stop loss 137.45 for target 132-125 and it made 125....SUPER DUPER PROFIT

Intraday call performance 24/12/08

Market closing weak on expiry day
Market opened weak below 2960 strong support and made a low near 2900 and also due to expiry market closed weak around 2900.Realty and auto stocks saw selling pressure.Nifty closed at 2916, down 51 points from the previous close.The market breadth was negative with advances at 368 against declines of 850 on the NSE.Market mover Reliance Industries was very weak today making a low of 1230 today from yesterday's close of 1259.Today's nift gainers included ICICI Bank, BPCL and Suzlon and losers included Reliance Industries, Unitec, Tata Motors and HCL Technologies.

Following calls were given in yahoo messenger for clients

Short Nifty Futures around 2955 with stop loss 2970 for target 2920 and it made 2917

Short HDIL around 141-142 with stop loss 143.5 for target 136-133-129 and it made 128....SUPER DUPER PROFIT

Short Reliance Capital around 537 with stop loss 544.5 for target 525 and it made 528....GOOD PROFIT

Short ICICI Bank around 435 with stop loss 441.3 for target 415 and it just made 429 and then hit the stop loss

Short DLF around 292 with stop loss 294.5 for target 284 and it made 287....GOOD PROFIT

Intraday call performance 23/12/08

Market closing week at supports
Market opened weak today and then straight away below 3100 and closed near huge support area. NIfty closed at 2968, down 70 points from the previous close.The market breadth was negative with advances at 217 against declines of 1041 on the NSE.Reliance as usual played key role here as expected in dragging the market down and near support area now.Top nifty gainers included Rcom, Hero Honda and losers included Satyam, Unitec and Tata Motors.

Following calls were given in yahoo messenger for clients

Short Nifty Futures around 3010-3015 with stop loss 3030 for target 2975-2960 and it made 2960....SUPER DUPER PROFIT

Short RCom around 217 with stop loss 220.5 for target 211-206 and it made 212....SUPER DUPER PROFIT

Short Reliance around 1273 with stop loss 1278 for target 1250 and it made just 1260 and then made 1278.5 and hit 1246..sheer bad luck

Short DLF near 312 with stop loss 313.5 for target 306-300 and it just made 313.8 and crashed to 297....sheer bad luck

Buy SBI around 1254 with stop loss 1248 for target 1275 and it made just 1267

Short ICICI Bank around 444-445 with stop loss 450.5 for target 428-415 and it made 418........SUPER DUPER PROFIT

Short TCS at 498 with stop loss 505 for target 485 and it hit the stop loss

Intraday call Performance 22/12/08

Volatile market ending weak

Market opened high above yesterday's close and was trading well above till mid afternoon and then late afternoon started sliding towards 3000 and close at 3039, down 38 points from the previous close.The market breadth was positive with advances at 554 against declines of 686 on the NSE.Top nifty gainers included Tata Motors, Cairn, Suzlon and losers included Reliance Industries, Icici Bank etc

Following calls were given in yahoo messenger for clients
.
Short Nifty Futures around 3100 stop 3125 for target 3075-3050 and it made 3070....Super Duper Profit

Short ITC around 178 stop 179.6 for target 174-171 and it hit the stop loss

Short Icici Bank around 464 stop 468.5 for target 455-445 and it made 442....Super Duper Profit

Short SBI around 1310 stop 1324 for target 1285-1260 and it made 1265....Super Duper Profit

Short DLF around 323 stop 325 for target 316-310 and it made 316.5....Good Profit

Market Outlook 15/12/08

Nifty very volatile around 2900 odd..!!

On friday, trading was very volatile and today it may show some direction and Reliance Industries as alway's will be key figure today also.On global front, The Dow Jones industrial average rose 64.59 points to end at 8,629.68.In the latest in the U.S. automakers' attempt to secure a financial rescue, the White House said it could be willing to provide emergency funding to the struggling auto industry, the day after Congress failed to approve a deal.Volume was low on the New York Stock Exchange, with about 1.44 billion shares changing hands, below last year's estimated daily average of roughly 1.90 billion.For today, in indian market nifty will face first resistance around 3950 and if gets past that it will move towards 3980 big resistance where selling will come heavily and on downside, nifty will move towards 2900 first and then 2870 will be tested again and remain below that for sometime, total weekness will come to the market.

Intraday Call performance 12/12/08

Day of Reliance Industries moving the market..!

It was a volatile day of trading today as nifty though opened below 2900 and hit 2812 as given here, Reliance Industries again lifted the market and made nifty to close at 2921, up 1 point from the previous close.Till afternoon , market was down and then R-Group took charge of the market to take it up above 2900 again even with poor IIP numbers and failed US auto bailout package shows the kind of magic R-Group can do to the market.The market breadth was positive with advances at 847 against declines of 387 on the NSE.Top Nifty gainers included DLF, Reliance Industries, BPCL and Suzlon and losers included Nalco, TCS and Wipro.

Following calls were given in yahoo messenger for clients

Short Nifty Futures around 2840 with stop loss 2850 for target 2820-2785 and it made 2801....VERY GOOD PROFIT

Buy Reliance Power around 116 with stop loss 114.3 for target 119-124 and it hit the stop loss

Buy Reliance at 1236 with stop loss 1226 for target 1275 and it made 1292....VERY GOOD PROFIT

Short Satyam at 219 with stop loss 223 for target 212-208 and it made 215....GOOD PROFIT

Short Reliance around 1285 with stop loss 1292 for target 1255-1230 and it made 1260....VERY GOOD PROFIT

Market Outlook 12/12/08

Market looks tired and on the verge of breaking

Due to system failure, calls were not given to clients yesterday..i regret..

It was a very small movement day for nifty for most part of the day yesterday with bias being negative and only Reliance at the end pulled the market up at close.On global scenario,
The Dow Jones industrial average fell 196.33 to 8,565.09 as.investors grew fearful that a bill to rescue the companies wouldn't make it through the Senate.The heads of the three automakers said that even one of the companies going into bankruptcy would slam an already battered economy with thousands of job losses.The dollar was mostly lower against most other major currencies, while gold rose. Light, sweet crude jumped $4.46 to settle at $47.98 a barrel on the New York Mercantile Exchange.Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.The company and Merrill have about 308,000 employees in total, and the cuts will affect workers from both companies and all types of businesses.In indian market today, nifty will face tough resistance at 2950 and then 2985 where heavy selling is expected again.Downside, nifty spot is having strong support at 2870 and if nifty stays below 2870 with volume for sometime, it will crash to 2850 and then 2800 today.Today's opening and closing is very important.

Market Outlook 11/12/08

Watch out for higher level selling now

Nifty has zoomed past 2900 and ended very positive and for today corrections wil come from higher levels and be cautious in gap up opening if any.On global scenario, The Dow Jones industrial average rose 70.09 to 8,761.42.he dollar was lower against most other major currencies, which helped feed the rally in commodities.Democrats in Congress and the White House finalized an agreement on $14 billion in loans for Detroit's struggling car companies. However, the plan negotiated by the White House is being opposed by a group of conservatives.That fed worries that other financial houses might be facing their own troubles after placing wrong bets in the unforgiving markets in recent months. The concerns rippled through financial services stocks, causing banks including Citigroup Inc. to give up early gains.In indian market today, if nifty gets past 2950, it will face heavy resistance around 2985 and then 3005 where heavy selling will come.On downside, major support is at 2870 and break of that will invite severe selling till 2835-2790.Watch out for action day today.

Intraday Call Performance 10/12/08

Market closing very bullish above 2900..!!

It was a gap up opening in indian market today above 2800 and as told never came down below 2800 till afternnon when it came down to test its support of 2870 for a brief period and once it pulled up again it never looked back to make a high of 2940 and closing at 2928- up 144 points from the previous close mainly due to positive vote for an auto package by the US Congress.Reliance Industries took the initiative in taking the market up above 2900 today.The market breadth was positive with advances at 847 against declines of 369 on the NSE. Top Nifty gainers were Reliance Industries, DLF, Sail and Tata Steel.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2870 with stop loss 2845 for target 2920 and it made 2922....SUPERB PROFIT

Short Nifty Futures around 2925 with stop loss 2942 for target 2890 and it made 2880....SUPERB PROFIT

Buy DLF around 228 with stop loss 225 for target 236-242-255 and it made 288....SUPER DUPER PROFIT

Short ACC around 450 with stop loss 452.2 for target 440 and it just made 445 and then hit the stop loss

Short Bank Of India around 251 with stop loss 253.5 for target 244-240 and it made 246.4

Market Outlook 10/12/08

Uncertainity in the market movements

Market witnessed choppy movements on monday and facing pressure at higher ends.On global scenario, DOW jones has crashed 242.85 to close at 8691.33 showing uncertainty prevailing in the market.In indian market today, if nifty gets past 2800, it will again test 2850 resistance and if stays above 2850 with volume, then chances of hitting 2900 is bright.But higher level uncertainity is still continuing here also.If nifty stays below 2800, it will first test 2740 support and then 2675 and if breaks 2675 any time, it may go to 2600 staright...! Overall an interesting day of trading today as market also resuming after a day's holiday.

Intraday call performance 08/12/08

Market feeling pressure at higher ends..!

As expected, market started bullish and even made a high of 2861, but higher end selling came in again to take nifty towards 2784 at close., up 69 points from the previous close.Though nifty started off very well opening gap up above 2800 and even zoomed to go past 2850, it just couldn't sustain above 2800 and in closing hours came down towards 2770.Top Nifty gainers included DLF, TATA STEEL and CAIRN while losers included BPCL, MAHINDRA & MAHINDRA and SATYAM.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2810 stop 2822 for target 2775 and it made 2782....GOOD PROFIT

Short DLF at 220 stop 222.2 for target 214-207 and it made 210....GOOD PROFIT

Short ICICI Bank around 377 stop 383.2 for target 367-359 and it just made 366....GOOD PROFIT

Market Outlook 08/12/08

Market loooking bullish from lower levels

On friday, though nifty zoomed past 2800 it couldn't sustain above that and came down and closed near 2700.On global scenario, things are positive and indian market also might take cues from global market and start moving up again today.DOW has closed the day at 8635.42 on friday-up by 259.18 points.For today, nifty above 2720 will move towards 2780-2820 (strong resistance) again.Below 2700, strong support exists at 2675.So, untill 2675 is saved market is bullish only and any move above 2845 will take nifty towards 2900 straight.Tomorrow being a trading holiday, some volatility may be expected in the indian market today.Be cautious at higher levels today.

NOTICE-02/12/08

REGULAR UPDATION OF THE STOCK MARKET WILL RESUME FROM 7/12/08.SORRY FOR THE INCONVENIENCE

13/11/08

Sorry to tell you that due to some emergency, i won't be updating my blog till 01/12/08

Market Outlook 12/11/08

Market in downtrend below 2950..!!

It was a very bad day for market yesterday as nifty broke 2950 and closed below it and looks like one more testing of 2850 wil be on now and break might be severe.On global scenario, The Dow Jones industrial average shed 176.58 to 8,693.96 after falling by more than 300.The credit markets have eased a bit since Lehman Brothers Holdings Inc.'s bankruptcy in mid-September, but they remain tight.Light, sweet crude for December delivery fell $3.08 to $59.33 a barrel on the New York Mercantile Exchange. Late Monday, Starbucks Corp. reported lower sales across the coffee chain, and early Tuesday, Toll Brothers Inc. posted a sharp drop in revenue and said it was too difficult to predict what the luxury homebuilder's profit would be next year.Wall Street was also jittery as the nation's feeble automakers hope for a bailout from the federal government similar to the one given ailing insurer American International Group Inc. General Motors Corp., whose shares have plunged to 60-year lows, said late Monday it would cut 1,900 factory jobs on top of the 3,600 cuts it announced Friday.At the pump, gasoline prices are at a national average of $2.22 a gallon.The dollar moved mostly higher against other major currencies Tuesday, while gold prices dipped.For today, nifty will remain weak below 2950 and on downisde has small support at 2900 and then staright testing of 2850 is definitely on and if breaks 2850, fall might be severe.On upper side, nifty will face resistance at 2950 and 2985.Nifty will be positive only if manages to stay above 3000 and possibilities are very less.Be carefull on shorting if nifty starts trading above 2950 and stays above that.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 11/11/08

Bad day for market as nifty closing below 2950..!!

It was a staright fall from yesterday's close of 3150 level to make a low of straight 2919.Market never made any recovery as once it broke strong support 3040, it was straight fall to 2950 strong final support and in the final hours of trading, it even broke 2950.European and Asian markets closed in red today.Overall a very bad day for indian market today and Reliance Industries took the initiative in breaking the market.Huge selling was seen in realty, metal, capital goods, oil, banking and power stocks.Nifty closed at 2938, down 209 points from the previous close. The market breadth was negative with advances at 266 against declines of 996 on the NSE. Top Nifty gainers included Cipla and ITC while losers included Suzlon, SAIL and DLF.

Stock watch for the day:

Reliance Capital: This was given a buy call with stop loss 692 for target 720, but it opened below 692 and never made 692 and so call was not initiated.

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge profits today

Buy Nifty Futures around 3070 with stop loss 3060 for target 3110 and it made just 3082 and then gave cover order around 3080

Short Nifty Futures around 3060 with stop loss 3082 for target 3000-2970 and gave full cover order at 2970....SUPER DUPER PROFITS

Short Reliance Industries around 1240 with stop loss 1252 for target 1220-1185 and it made 1194....SUPER DUPER PROFITS

Short RCom around 245 with stop loss 248.5 for target 235-230 and when it made 230, gave full cover order....SUPER DUPER PROFITS

Short HDIL around 122 with stop loss 123.2 for target 116-113 and it made 112....SUPER DUPER PROFITS

Short Reliance Capital around 660 with stop 664 for target 640-630 and gave cover order around 656 and later it fell to 635

Market Outlook 11/11/08

Watch out for higher levels

As expected and told nifty above 3000 remained bullish throughout the day and also managed to close above 3100 and will be interesting to see how nifty reacts at higher levels.On global scenario,The Dow fell 73.27 to 8,870.54, after rising by 215 points in early trading due to the news of China's $586 billion plan to boost its economy through a mix of spending, subsidies, looser credit policies and tax cuts. Dow then tumbled by as many as 183.The dollar was mixed against other major currencies, while gold prices rose.A barrel of light sweet crude rose $1.37 to settle at $62.41 on the New York Mercantile Exchange.For today, Nifty above 3185 will face strong resistance at 3240 and unable to cross 3240 will invite selling from high.So, watch out for 3180 first and then 3240 and if breaks 3240, all over buying will come.On downside, nifty has supports at 3100 and 3080.Volatility might come in the last hour today.

Stock watch for the day:

Reliance Capital (701)-Buy reliance capital with stop loss 692 for target 725-740

Intraday Call Performance 10/11/08

Market closing higher above 3100

Market opened well above 3000 today and as expecetd never gave up and went to move above 3100 to make a high of 3161.Metal sector was the leader in today's rally followed by power, capital goods, telecom, oil & gas and technology sectors.On the global front, European and Asian markets were trading higher.Crude jumped 5% and gold gained 2.5%. Copper price jumped 8% in London trade and Shanghai copper hit the upper limit.The market breadth was positive with advances at 949 against declines of 300 on the NSE.Top Nifty gainers included Sterlite, Tata Steel and Cairn while losers included BPCL, Suzlon and ITC.Trading volume was less today with markets staying bullsih throught the day.

Following calls were given in yahoo messenger for clients:

Clients made cool profits today

Buy Nifty Futures around 3075 with stop loss 3055 for target 3110-3130-3165 and it made 3178....SUPER DUPER PROFIT

Short HDIL around 127 with stop loss 128.6 for target 123 and it made 124.2....GOOD PROFIT

Short LITL around 185 with stop loss 186.5 for target 180 and it made 176........SUPER DUPER PROFIT

Buy Reliance Capital around 685 with stop loss 682 for target 705-720 and it made 708....VERY GOOD PROFIT

Short SBI around 1296 with stop loss 1301 and it hit the small stop loss

Market Outlook 10/11/08

Market in recovery mode now..!

Two days of fall and nifty didn't break 2850 support and now nifty will look good if stays above 3000.On global scenario,The Dow Jones industrial average climbed 248.02 points to 8,943.81.Stocks pared gains immediately after a news conference by President-Elect Barack Obama on some disappointment that he did not outline any new additional steps to shore up the ailing economy in the near term.Trading volume was also less.Oil rose slightly on Friday as the dollar slumped following bleak employment data in the United States, the world's top energy consumer.U.S. crude settled up 27 cents to $61.04 a barrel off earlier highs of $62.82 a barrel.For today in indian market, nifty above 3000 will try for 3050 resistance and if nifty gets past 3050, buying might emerge in the market or else sell from high continues.On lower side, nifty has big support at 2950 and it will turn towards 2860 again if 2950 gets broken, or else range might be 2950-3050 this time.Stay above 3050 only buying might emerge strongly in the market.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 07/11/08

Market witnessing strong pullback from low

It was a volatile day as predicted and also nifty was trading between support 2850 and resistance 2950 for most part of the morning session and in the afternoon session like yesterday, it witnessed strong pulll up from low's to take nifty above 3000, but lost some gains in the last hour of trading.It is an interesting end of the week with nifty not breaking important support of 2850.Next week will be more interesting.Nifty closed at 2973, up 80 points.Top Sensex gainers include Reliance Infrastructure, Hindalco, Reliance Communications, TCS and NTPC, while losers are Mahindra & Mahindra, ICICI Bank, Maruti, among others.

Today calls were not given to clients due to some urgent work-which was well informed.

Market Outlook 07/11/08

Market in the edge again..!!

It was a very dangerous and huge volatile day yesterday as nifty also tested its support 2850 and still closed around that support.Manipulation was at high level yesterday and was there to see for evryone.On global market, The Dow Jones industrial average crashed huge by falling 443.48 to close at 8,695.79 due to investors concern on economic weakness.Major indexes have lost about 10 percent since Barack Obama was elected president - a vote preceded by a steep rally - and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.he dollar traded mixed against most other major currencies, while gold prices fell.Light, sweet crude fell $4.53 to settle at $60.77 a barrel on the New York Mercantile Exchange.The world's largest maker of computer networking gear Cisco Systems Inc orders declined sharply last month, suggesting to the market that the weak economy and tight credit markets are taking a larger-than-expected toll on many companies around the world. Cisco fell 45 cents, or 2.6 percent, to $16.94.In indian market today, if nifty gets past 2900, again it will test 2950 and then 3000 and downside, 2850 is major support for the day and breakdown may result in nifty falling towards 2785 and then 2740 straight.One can expect one more volatile day.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 06/11/08

Market witnessing dangerous volatility today..!!

Market started off breaking the crucial resistance 2950 in the opening bell and went down to test major support at 2850 and never broke that as playing range in nifty spot was between 2850 and 2950 for most part of the day and in the late afternoon session buying came in heavily to lift the market above 2950 and crossing even 3000 mark, but came down again in the last hour to break 2950 again and close at 2892, down 102 points.Today also Reliance Industries took the major role in breaking the market down.Top Sensex gainers included JP Associates, HUL, Ranbaxy and DLF, whereas losers were Tata Steel, Tata Motors, Sterlite Industries and RIL, among others.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2935 with stop loss 2951 and it just made 2951 and then hit the stop loss

Short Nifty Futures around 2915 with stop loss 2925 and the stop loss hit

Short DLF around 258 with stop loss 262 and it just made 254 and then small stop loss hit

Short RCom around 220 with stop loss 224.5 and it hit the stop loss

Short Reliance Capital around 632 with stop loss 639 and it just made 624 and then hit the stop loss

Short LITL around 170 with stop loss 173 for target 160-153 and it made 157....VERY GOOD PROFIT

Short ICICI Bank around 435 with stop loss 444.5 for target 422 and it made 426....VERY GOOD PROFIT

Short Reliance Capital around at 630 with stop loss 642 for target 600 and it made 604....VERY GOOD PROFIT

Short HDIL around 118 with stop loss 121.5 for target 113 and it made 115....GOOD PROFIT

Market Outlook 06/11/08

Market at the edge of big support..!

It was a very bad day of trading for indian market yesterday as nifty directly broke down from 3240 resistance area to test major support around 2950.On global scenario, cues are negative as The Dow Jones industrial average fell 486.01-points to close at-9,139.27 to their fears of a deep and protracted recession after Barack Obama's presidential victory.Although the market expected Obama to win the election, as the session wore on investors were clearly worrying about the weakness of the economy and pondered what the Obama administration might do.Among financials, Goldman Sachs fell $7.57, or 8 percent, to $87.43. Citigroup fell $2.05, or 14 percent, to $12.63, while Bank of America Corp. dropped $2.78, or 11.3 percent, to $21.75.The dollar was mostly lower against other major currencies, while gold prices fell.Light, sweet crude dropped $5.23 to settle at $65.30 a barrel on the New York Mercantile Exchange.For today, nifty is all set to break crucial resistance of 2950 and maybe in the opening bell..! and on break of 2950 it will go to 2900 first and then 2845 strong support will be tested.On other side, if nifty gets past 3000, it will face strong resistance at 3050 and 3080 where heavy selling will emerge.One can witness heavy volatility in today's market.Heavy buying might come only if nifty gets past 3080 strong resistance.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 05/11/08

Market crashing exactly from resistance zone..!!

Though market was bullish today and zoomed past 3200 in the opening bell, it reacted exactly at resistance zone and came down sharply breaking strong support at 3150 and then in the afternoon session selling became more wild as nifty went on to make a low of 3971 near to major support now.Heavy sell off in heavyweight Reliance Industries triggered the sharp down fall breaking all intermediate supports.Nifty closed at 2994, down 147 points from the previous close.European markets were trading weak and Asian market was positive except indian market. The market breadth was negative with advances at 422 against declines of 836 on the NSE. Top Nifty gainers included Sun Pharma, Suzlon and Wipro while losers included GAIL, SAIL and Reliance Industries.Volatility was too much in today's market.

Stock watch for the day:

RCom: This was given a short call with stop loss 261 for target 235 and it made 261 in opening seconds and then came down crashing to make a low of 221

Following calls were given in yahoo messenger for clients:

Clients had a very good day with good profits today

Buy Nifty Futures around 3130 with stop loss 3110 and it made just 3146 and then stop loss hit

Buy Nifty Futures around 3080 with stop loss 3060 and it made 3138....GOOD PROFIT

Buy Reliance Capital around 750 with stop loss 744 and it made just 757 and then gave exit call at 755

Short Bank of India around 282 with stop loss 284.2 and it made 276

Buy SBI around 1265 with stop loss 1252 for target 1300-1330 and it made 1326....VERY GOOD PROFIT

Buy Reliance around 1300 with stop loss 1279.8 and it made 1334....GOOD PROFIT

Short Reliance Capital around 732 with stop loss 738 for target 700-685 and when it made 682, gave cover call....VERY GOOD PROFIT

Buy Reliance Capital around 680 with stop loss 678 for taregt 695 and it made 694....GOOD PROFIT

Short Reliance Capital if breaks 680 for target 660-650 and it made 651....VERY GOOD PROFIT

Market Outlook 05/11/08

Market in bullish mode and near to some hurdles

It was a good trading day yesterday with nifty closing above 3100 after initial down move below 3000.On global front, cues are very positive and The Dow Jones industrial average moved more than 300 points on U.S elections day.nvestors have overlooked a spate of bad economic data recently, including a report Monday from the Institute for Supply Management that revealed the worst monthly contraction in manufacturing activity.The dollar fell against most other major currencies, while gold prices rose.Light, sweet crude jumped $6.62 to settle at $70.53 a barrel on the New York Mercantile Exchange, a reaction to the slide in the dollar..The Dow Jones industrial average closed 9,625.28-up 305.45 points from the previous close.European shares have also been boosted by the ongoing decline in interbank lending rates ahead of expected interest rate reductions Thursday from the European Central Bank and the Bank of England.For today if nifty moves above 3150, all round buying might take nifty towards 3220 first resistance and above that 3265-3280 is one more big resistance zone.Downside supports are at 3100 and 3070 and if 3070 gets broken, it will move toward 3020 strong support for today.This U.S elections has taken the centre stage in this bad market conditions world over.Market is also over bought and interesting to see till which point this rally extends now.

Stock watch for the day:

RCom (250)-Watch this stock and short it on raise with stop loss 261 for target 240-235.Above 261, it is not a short.

Intraday Call Performance 04/11/08

Market closing bullish as expected

Market opened well below yesterday's close and even broke 3000, it recovered well and went above 3000 and as expected faced first resistance at 3080 and was trading in a range struggling to cross crucial resistance at 3080 as given here and then in the late afternoon session, heavy buying came in to lift the market breaking 3080 to make a high of straight 3150.Finance Minister P Chidambaram's meeting today with the heads of PSU banks also had positive effects on the market.He also promised adequate finance will be provided to housing & SME sector. Finance Minister is going to consider Rs 10,000 crore credit line to NHB. RBI will provide enough dollar liquidity to banks. FM aims to have CAR of 12% for all PSU banks.Nifty closed at 3142, up 98 points from the previous close.The market breadth was positive with advances at 930 against declines of 324 on the NSE. Top Nifty gainers included Suzlon, Unitech and DLF while losers included Satyam, TCS and Wipro.Bank and realty stocks led this rally followed by power, capital goods, FMCG and metal stocks.It will be interesting to see the extending of rally here onwards as market needs a breather and nifty has multiple resistances going forward now.

Following calls were given in yahoo messenger for clients:

Fantastic day of huge profits for clients today

Short Nifty Futures around 3030 with stop loss 3055 for target 2990 and when it made 3015, gave cover order

Short Nifty Futures around 3045 with stop loss 3070 and it made 3022....GOOD PROFIT

Buy DLF around 240 with stop loss 236 for target 250-256-270 and it made 300....SUPER DUPER PROFIT

Short HDIL around 135 with stop loss 137.5 for target 130 and it made just 132.9 and then hit the small stop loss

Short Bank of India around 254 with stop loss 256.3 for target 244 and it made just 251 and the hit the small stop loss

Short Infosys around 1355 with stop loss 1362 for target 1330-1300 and it made 1285....SUPER DUPER PROFIT

Short India Bulls Real Estate around 138 with stop loss 139.4 for target 130 and it made 132....GOOD PROFIT

Short SBI around 1285 with stop loss 1292 for target 1260 and it made 1263....VERY GOOD PROFIT

Buy Reliance Capital around 683 with stop loss 678 for target 695-735-750 and it made 750....SUPER DUPER PROFIT

Market Outlook 04/11/08

Market on the verge of break out..but caution ahead of U.S elections

Yesterday nifty rallied above 3000 and closed in a bullish note above 3000.Today, if stays above 3000, it will be total bullish and if not, might come down a bit.On global scenario, The Dow Jones industrial average closed 9,319.83-down 5.18 points from the previous close ahead of U.S elections today.Dow Jones moved in a range of 155 points and trading was quiet as it was evident that investors are more cautious and more focused on elections today.Stocks showed little lasting impact from the Institute for Supply Management report that its measure of U.S. manufacturing dropped last month to the lowest level since September 1982.The trade group said its index of manufacturing activity fell to 38.9 from 43.5 in September.The dollar rose against most other major currencies. Gold prices also rose.Light, sweet crude fell $3.87 to settle at $63.91 a barrel on the New York Mercantile Exchange.In indian market today, nifty above 3000 will test 3080 strong resistance and if breaks 3080, then move towards 3130 is on today.Higher level might exert pressure again.If nifty breaks 3000, then it will have strong support at 2960.Though market is looking bullish for today, trading might be cautious and indian investors also might be more focused on U.S elections today.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 03/11/08

Market closing positive above 3000

Positive global cues added with RBI rate cut took the market high above 3000 today as expected.Nifty today opened above 3000 within minutes of opening and though it came down a bit, buying came in again to lift the market above 3000.Reliance Industries, L&T, SBI, ICICI Bank, HDFC, Bharti Airtel, ONGC and NTPC were biggest contributors in today's rally.But trading volume was less.Nifty closed at 3043, up 158 points from previous close is very positive for the market.Banking and realty stocks, along with capital goods, rallied today.Top Sensex gainers include Reliance Infrasructure, JP Associates, DLF, Ranbaxy, while losers were Satyam Computer and Infosys.Remain above 3000 will be good for the market tomorrow unless we have a big negative news around.Today it will be interesting to see how DOW trades and positive close will boost indian market tomorow also.

Following calls were given in yahoo messenger for clients:

It was a good trading day with good profits for clients

Short Nifty Futures around 3040 with stop loss 3065 for target 2960 and it made 2960 and gave cover order....SUPER DUPER PROFIT

Short HDIL around 152-153 with stop loss 154.4 for target 142-136 and it made 136....SUPER DUPER PROFIT

Short India Bulls Real Estate around 126 with stop loss 128.3 and it made just 123.4 and then hit the stop loss

Short Sail around 88 with stop loss 89.2 and it made 86.8

Short RCom around 226 with stop loss 229.2 for target 218 and it made 221.8....GOOD PROFIT

Short SBI around 1220 with stop loss 1228 for target 1190 and it made 1203....GOOD PROFIT

Short JSW Steel around 311 with stop loss 313.2 for target 305 and it made 308 and told to cover position

Market Outlook 03/11/08

Positive global cues can help nifty today

It was a very volatile day of market opening up with a huge gap up on friday and then sudden crash and again move up in the last hour and closing strong.Global cues are still positive for today also, but upper level is seen exerting pressure in the market.Another positive news is of RBI cutting CRR by 1%, repo rate by 0.5% signaling softening of interest rates to prop up growth.The SLR cut would inject about Rs 40,000 crore into the banking system.The Dow Jones industrial average gained 144.32 points, or 1.57 percent, to 9,325.01.Financial shares, led by a more than 8 percent gain in JPMorgan Chase lifted Wall Street as the interbank borrowing cost eased.The interbank cost of borrowing dollars, sterling and euros again eased in overnight markets, lending support to equities.But economic data on Friday that showed U.S. consumers are tightening their belts offered more evidence of a deep slowdown, though the market appeared to shrug it off.Oil fell nearly $2 on Friday as weak demand and the global economic crisis put crude on track for the biggest monthly drop ever.U.S. crude fell $1.82 to $64.14 a barrel.It was the sharpest economic decline in seven years for the United States, the world's largest oil consumer, provoking further falls across commodities and global stock markets.For today's market in india, Nifty might turn positive only above 2920 and if stays above 2920, it will hit 2945 first and then 3000.But, if nifty fails to test 2920, it will come down sharply towards 2850 support first and then to 2790.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 31/10/08

Huge gap up opening and closing positive

It was a fantastic huge gap up opening today in the market due to positive global cues and nifty made a high of 2921-exactly at resistance zone in the opening hour and came down very sharply towards 2775 and then again bounced back in the closing hours and closed very strong at 2885, up 188 points from previous close.Market mover Reliance Industries took the major initiative today along with metal and oil & gas stocks to take the market up.Huge buying was also seen in banking, telecom, IT, auto and capital goods stocks.Market breadh was positive throughout the session and about 1768 shares have advanced while 1185 shares have declined. Nearly 237 shares remained unchanged.Volumes were very lower in today's trade.On the global front, Asian markets ended mixed and European markets were trading weak.Volatility was there today also as expected.Top Sensex gainers include Mahindra & Mahindra, HDFC, Sterlite industries, ICICI Bank, JP Associates

Following calls were given in yahoo messenger for clients:

It was a fantastic profit day for all my clients today

Short Nifty Futures around 2945 with stop loss 2972 for target 2890 and it made 2897....VERY GOOD PROFIT

Short Nifty Futures around 2950 with stop loss 2972 for target 2920-2880 and when it made 2860, told to cover the position....SUPER DUPER PROFIT

Short RCom around 205 with stop loss 207.2 for target 200 and it made 199....VERY GOOD PROFIT

Short HDIL around 152 with stop loss 154.2 for target 143-136 and it made 140....SUPER DUPER PROFIT

Short SBI around 1175 with stop loss 1182 for target 1160-1135-1100 and it made 1065....SUPER DUPER PROFIT

Short India Bulls Real Estate around 125 with stop loss 126.2 for target 119-115 and it made 117....SUPER DUPER PROFIT

Market Outlook 31/10/08

The level of 2740 still showing crucial trend

After a break of one day, market will resume today.It was a volatile day on wednesday with nifty feeling pressure at higher levels and the trend is expected to continue today also.On global front, The Dow Jones industrial average went up nearly 190 points with less volatility after the Commerce Department's report that GDP fell at an annual rate of 0.3 percent during the third quarter -- its worst showing in seven years. Analysts expected a 0.5 percent decline in GDP, the broadest measure of economic growth or contraction, but while the report was better than expected, it still pointed to an economy that is shrinking.The new report said Americans' disposable income fell at an annual rate of 8.7 percent in the quarter, the largest in records dating back to 1947 and the worst still doesn't seem to be over yet.A collapse of the housing market and locked-up lending have produced the worst financial crisis to hit the country in more than 70 years.To cushion the fallout, the Fed slashed interest rates on Wednesday by half a percentage point to 1 percent, a level seen only once before in the last half century.The Dow Jones industrial average rose 189.73 to close at 9,180.69.On Thursday, the dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude fell $1.54 to settle at $65.96 per barrel on the New York Mercantile Exchange.In indian market today, nifty is facing continuous pressure around 2740 as mentioned on wednesdaya nd today also 2740 will be crucial trend and if nifty stays above that, then it will move to 2800 and if fails to cross 2740 on higher side, it will go down to test 2620 great supporta nd break wil take to 2575.Overall interesting weekend.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 29/10/08

Profit booking in the market and still closing positive

Market opened up with gap up and struggled around 2740 as nifty couldn't sustain above 2740 and came down to make a low of 2632 and then again went up above 2700.Volatility was there in the market today also as market was facing pressure at higher ends.Nifty closed at 2697, up 12 points. Metal, oil & gas stocks and few technology stocks saw good buying coming in, whereas realty, pharma and FMCG stocks witnessed selling pressure.Top Sensex gainers include Hindalco, Mahindra & Mahindra, Wipro and ACC, while losers are Reliance Communications, Ranbaxy, DLF and Satyam Computer, among others.Among the frontliners, Suzlon Energy fell 75% and Reliance Industries tanked 40%. Tata Motors and Tata Steel plunged 60% each.Volumes increased due to F&O expiry.Market breadth was in favour of declines; about 1324 shares have advanced while 1637 shares have declined. Nearly 229 shares remained unchanged.On the global front, Asian markets ended mixed.European markets were trading higher.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2710 with stop loss 2690 and stop loss hit

Short Nifty Futures around 2720 with stop loss 2742 for target 2670 and it made 2685....VERY GOOD PROFIT

Buy SBI around 1138 with stop loss 1133 and it made just 1149 and then stop loss hit

Short HDIL around 138 with stop loss 141.2 for target 132 and it just made 134

Short Reliance Industries around 1182 with stop loss 1195 and it made just 1169

Buy Bank of India around 218 with stop loss 215.6 for target 226-230 and it made 228.5....VERY GOOD PROFIT

Short India Bulls Real Estate around 120 with stop loss 121.2 for target 115 and it made 115.3....VERY GOOD PROFIT

Short Reliance Industries around 1190 with stop loss 1198 and it made 1183 and then hit the stop loss

Market Outlook 29/10/08

Deepawali upmove to continue..!

It was a blasting deepawali muhurat trading yesterday as indian market also danced to the deepawali celebrations as nifty zoomed 160 points to close at 2684 and buying expected to continue today also.Realty, metal, power, capital goods, oil and auto stocks lead the rally yesterday.Global cues are also very positive today with The Dow Jones industrial average jumping nearly 900 points due to short covering ahead of Fed meet and rate cut announcement on Wednesday and after start of the Fed's efforts to revive lending in the commercial paper market, where companies turn for short-term loans and Dow raected positively by closing 889.35 points to 9,065.12.The market's reaction was notable because it was investors' anguish over a likely recession that had them selling just days ago. But analysts don't necessarily see that change of heart as a sign of health.The dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude settled down 49 cents to settle at $62.73 a barrel on the New York Mercantile Exchange.For today, indian market is looking bullish and nifty above has small hurdle at 2740 and once it gets past that big hurdle is only at 2850.Below 2740, nifty will remain weak and lower level support is at 2590.Watch out the level of 2740 and even if nifty jumps above this and later hour if breaks this level, be cautious in longs as tomorrow is again a trading holiday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 27/10/08

Deep crash and then huge short covering towards the close

It was a very volatile day of trading today as nifty-though opned above 2500, couldn't sustain above it and once it started trading below it went on crashing and made a low of 2253.Then recovery came in last hour of trading with buying coming in telecom, pharma, capital goods, realty, oil & gas and IT stocks pulling the market up above 2500 again and making a high of 2540 and then closed at 2,524, down 59 points from previous close.As expected, volatility was severe this time.As usual, it was Reliance Industries which took the initiative in breaking the market in the morning session.Market breadth was extremely weak throughout the day and about 698 shares have advanced while 2305 shares have declined. About 187 shares remained unchanged.Asian markets also trading very weak today.Top Sensex gainers include Bharti Airtel, Reliance Communications, Reliance Industries, Satyam Computer and TCS, while losers are Mahindra & Mahindra, Tata Motors, Grasim, SBI and Tata Power, among others.In this historical crash of market, there are many stocks which are at very atractive level on long term view.Investors are going on selling beyond imagination and market is definitely oversold also.

Following calls were given in yahoo messenger for clients:

Due to severe volatility, only 2 golden calls were given with super duper profits today

Short Reliance Industries around 1032 with stop loss 1040 for target 1000-985-950 and it made 930....SUPER DUPER PROFIT

Short HDIL around 129 with stop loss 130.2 for target 120-115.5-111 and it made 107....SUPER DUPER PROFIT

Market Outlook 2710/08

Uncertain market with severe volatility

It was total bloodbath in indian market on friday as it broke strong support of 2850 and went crashing down to break one more significant major support at 2590-which is a worrying part now.On global scenario,The Dow Jones industrial average fell 312.3 to 8,378.95.The Federal Reserve is expected to lower interest rates by at least a half-point to 1 percent this week. But the rate reduction is already priced into the market and unlikely to calm its restlessness.With a recession seen as inevitable, if not already under way, any Fed rate cut would be aimed at cushioning the fallout.U.S governments $700 billion financial bailout package is still not taken positively by the market.World market is seeing bad times.The Fed had moved to the sidelines out of fear that its rate cuts would worsen inflation. Since then the inflation threat has lessened. The threat of a global recession has dampened once surging prices for energy, food and other commodities.Now a few economists are starting to worry about deflation - a widespread and dangerous bout of falling prices -- if the U.S. and world economy get stuck in a long and painful recession.For today in indian market, nifty will face solid resistance around 2600 on upper side and failure to get through this resistance will result in testing of 2520 again and break will create havoc again which will take nifty towards 2400 straight..!! sentiments may be positive only if nifty gets past 2600 with volume and stays above that which will take nifty towards 2680 and then 2740 solid resistance..! one can expect severe volatility due to trading holiday's this week and also due to expiry on thursday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 24/10/08

Break 2850....bloodbath in the market

As clearly mentioned today, 2850 was the huge support and it was told thet break of 2850 everything will crash and the result is there to see..!! It was a crash across global equity markets today.The Reserve Bank of India has announced the credit policy, wherein it has kept all key rates remained unchanged.Banking stocks took huge beating on the bourses, after the credit policy.Nifty broke 2850 in early minutes of tarde and once it broke 2850, it never even touched 2850 again as it was a staright crash.Sellers were in rampage today and the same thing happened even in U.S market when government put a ban on short selling and stock market reacted in opposite way and even in indian market, same thing repeated.Yesterday SEBI banned FIIS short selling and market raected in opposite way by crashing down.Below 2850 support was at 2740 and after breaking 2740, straight support was at 2600 and when nifty touched 2600, it bounced back to 2650 and then again in last minutes, came down heavily to break even 2600 to make a low of 2525 !!.Today, Reliance Industries, ONGC, Reliance Communication, SBI, ICICI Bank, HDFC, HDFC Bank and L&T were main players dragging market down.Nifty at 2584, down 359 points from the previous close.The market breadth was negative with advances at 87 against declines of 1196 on the NSE.

Following calls were given in yahoo messenger for clients:

It was good profits for my clients today

Buy Nifty Futures around 3810 with stop loss 2790 and it just made 3822 and then hit the stop loss

Short Nifty Futures if breaks below 2740 for huge profit and it crashed deeper.....SUPER PROFIT

Buy HDIL around 147 with stop loss 145 for taregt 158 and it made 157....SUPER PROFIT

Buy Reliance Capital around 643 with stop loss 639 and it made 656....GOOD PROFIT

Short Reliance Infra around 429 with stop loss 436 for taregt 400-380 and it made 372....SUPER DUPER PROFIT

Buy HDIL around 138 with stop loss 136 for taregt 148-153 and it made 146....SUPER PROFIT

Market Outlook 24/10/08

Market likely to pull up from supports

It was a very volatile day for indian market yesterday after opening deep down and remaining there till mid afternoon and then sudden pull up and then again deliberate selling at the end.Expiry effects have started taking place now and market looks set for huge pull up towards 3500 !!.FIIS
short selling now banned by SEBI is also positive for the market.Things will change only if nifty breaks below 2850.If nifty holds 2850 and closes above 3050, sentiments will turn very positive for expiry.On global scenario, some positive cues are there for today.The Dow Jones industrial average rose 172.04 to 8,691.25, after rising 277 points and falling by 276 points during the session, witnessing huge volatility.The credit markets again showed signs of easing after locking up when Lehman Brothers Holdings Inc. declared bankruptcy in mid-September.The dollar was mixed against other currencies after jumping to multiyear highs Wednesday, while gold prices fell.Light, sweet crude rose $1.09 to settle at $67.84 on the New York Mercantile Exchange.Here in indian market, if nifty gets past 2985, it will move towards 3025 resistance first and after that it will be direct testing of 3085 and if gets past that, then all round buying will set in.Higher level is very interesting to see today as volatility will be too much again.On lower side, nifty has good support at 2915 and below that 2850 is very strong support and if breaks 2850, everything will crash.Overall an interesting weekend today.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 23/10/08

Market move above 3000 and again slide at close

It was deep gap down opening near 2900 as expected due to weak global cues and nifty remained below 3000 for most part of the morning session and after Finance Minister announcement of SEBI asking FIIs to reverse short positions on borrowed shares, nifty rallied to go past 3050 but this upmove did not last too long as Nifty collapsed again to low point of the day.Huge selling was seen in metal, oil, auto, realty, banking and pharma stocks.It was a terrible day for stock market across the world.Reliance Industries, Infosys SBI were all weak today and were dragging the market down.Nifty closed at 2943, down 122 points from the previous close.The market breadth was negative with advances at 231 against declines of 1044 on the NSE.

Following calls were given in yahoo messenger for clients:

It was huge profits day for all my clients today

Buy Nifty Futures around 2965 with stop loss 2945 for target 3010 and it made 3012....SUPER DUPER PROFIT

Buy Nifty Futures around 2970 with stop loss 2955 for target 3020 and it made 3016....SUPER DUPER PROFIT

Buy HDIL at 137 with 136-135 as stop loss for target 145-148 and it made 158.5....SUPER DUPER PROFIT

Buy Reliance Capital around 635 with stop loss 629 and it made 651....GOOD PROFIT

Buy SBI around 1373 with stop loss 1364 for target 1400 and it made 1392....GOOD PROFIT

Short Reliance Industries around 1272 with stop loss 1281 and it made 1243....VERY GOOD PROFIT

Buy ICICI Bank around 374 with stop loss 369.8 for target 394-410 and it made 415....SUPER DUPER PROFIT

Buy SBI around 1353 with stop loss 1348 for target 1375 and it made 1373....GOOD PROFIT

Buy reliance Infra around 452 with stop loss 447.5 and it just made 457 and then hit the stop loss

Buy reliance Infra above 460 for target 475-485 and it zoomed to 488....VERY GOOD PROFIT

Short HDIL at 156 stop 159 for target 150-148 and it made 147....VERY GOOD PROFIT

Market Outlook 23/10/08

Wall street crash will effect indian market now

It was a very bad day for indian market yesterday as it started falling right from the opening bell and never really recovered till the end closing below 3100 and in all probability set to open deep down today due to weak global cues.On global side, wall street crashed due to deep recession and weak corporate earnings following a raft of disappointing profits and outlooks from major U.S. companies.For many U.S. companies, the damage has already begun.The outlook for the global economy is bad.Stocks dropped across Asia and Europe, falling even harder in South America, where Brazil's Bovespa index and Argentina's Merval had losses near 10 percent. Argentina's president announced plans to nationalize private pension funds to protect retirees from the financial crisis.The dollar hit multiyear highs against several other major currencies, weighing on commodity prices.The Dow Jones industrial average fell 514.45 to 8,519.21, after being down as much as 698 points in the final half hour of trading.Light, sweet crude fell $5.43 to $66.75 a barrel on the New York Mercantile Exchange, after falling as low as $66.20.So, for today nifty below 3045 will directly test 2945 strong support area and break below that, one more big support is only at 2850.On upper side, 3000 will act as big hurdle for today.Volatility may continue today also.

Stock watch for the day:

Reliance Infra (472): Short this stock with stop loss 486 for target 445-415.

Market Outlook 22/10/08

Market crashing on global pressure

Market witnesed selling pressure right at the opening bell and never recovered for the whole day and the last hour saw heavy selling taking to low of 3052.Asian and Europian markets also witnessed heavy selling today which also effected indian market which was already under selling mode.Market mover Reliance Industries took the initiative today to break the market below 3100 to test the previous low.As expected, there was severe volatility at times today.Nifty closed at 3065, down 169 points from the previous close.The market breadth was negative with advances at 287 against declines of 965 on the NSE. Top Nifty gainers included ITC and Hindustan Unilever while losers included Idea, Tata Steel and Unitech.

Following calls were given in yahoo messenger for clients:

It was a very good day for my clients

Buy Nifty Futures around 3105 with stop loss 3079 and it made 3128

Buy Reliance Industries around 1350 with stop loss 1347 and it hit the small stop loss

Short Reliance Industries around 1355 with stop loss 1356 for target 1315 and it made 1305....VERY GOOD PROFIT

Buy HDIL at 147 with stop loss 145 for target 155 and it made just 149 and the hit the small stop loss

Buy Reliance Capital around 655 with stop loss 648 for target 675 and it made 676....VERY GOOD PROFIT

Buy Maruti around 633 with stop loss 628 for target 655 and it made exact 655....VERY GOOD PROFIT

Short SBI around 1433 with stop loss 1438 and it made just 1423 and when it came up, gave cover call at 1436

Short SBI on break of 1415 for target 1400-1380 and it made 1383....VERY GOOD PROFIT

Market Outlook 22/10/08

Volatility to continue in the market

Even though Nifty was bullsih and got past 3240 yesterday in the last hour, it couldn't sustain above that and closed below 3240-which will again play an important role today also.On global front, mixed third-quarter reports were dissappointing and The Dow Jones industrial average fell 231.77 to 9,033.66.The technology-focused Nasdaq saw steeper declines than the other major indexes after server and software company Sun Microsystems warned it would post a loss for its fiscal first quarter and book a write-down.Though credit markets around the world are easing out and is a good sign for the market.The dollar was higher against other major currencies, while gold prices fell.Light, sweet crude fell $3.36 to settle at $70.89 barrel on the New York Mercantile Exchange.In indian market for today, if Nifty gets past 3240 and sustain above that only we can see some movements around 3300-3330 levels and if nifty stays below 3240, it will test 3200 first and if breaks that, downside strong support is at 3150.Volatility will be continued for the time being.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 21/10/08

Market closing higher as expected

Market started moving up at the opning bell and halted around 3180 and came down again to break above 3200, but again couldn't cross the crucial resistance of 3240 and came down heavily to a low of 3160 area and then moved up to break above 3240 and then closed at 3234, up 112 points from the previous close.HUge buying was seen in realty, technology, capital goods, power, oil, telecom, FMCG and banking.Reliance Industries was very positive today helping the idnex to move up.It was a very good day for indian market.The Asian and Europian markets also were trading positive today.The market breadth was positive with advances at 916 against declines of 343 on the NSE. Top Nifty gainers included TCS, Reliance Communications and Tata Steel while losers included Idea, Sun Pharma and Hindalco.

Stock watch of the day:

RCom: This was given a buy call with stop loss 225 for target 255 and it made a high of 263

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3220 with stop loss 3240 for target 3160 and gave cover order at 3200

Short Nifty Futures around 3250 with stop loss 3264 for target 3200-3175 and when it made 3175, gave cover call....SUPER DUPER PROFIT

Short India Info around 53 with stop loss 53.5 for target 51 and it made 51.80....GOOD PROFIT

Short SBI around 1470 with stop loss 1481 for target 1445-1420 and it made 1481.6 and then down to 1445....sheer bad luck

Buy Reliance around 1380 with stop loss 1365 for target 1405-1425 and it made exact 1425....VERY GOOD PROFIT

Buy SBI around 1475 with stop loss 1465 for target 1500-1535 and it hit the stop loss

Short BHEL around 1143 with stop loss 1147 for target 1120 and it made 1112........VERY GOOD PROFIT

Buy SBI if breaks 1480 for target 1500-1535 and it made 1505....GOOD PROFIT