Intraday call performance 31/03/08

Each and everybody were bullish today and i had mentioned clearly here that market will remain weak below 5000 and only if moves above 5020, it will turn out positive and see the result today.Nifty made a high of 4947 and at the end broke even the strongest support of 4740 and closed just above 4700.Tomorrow onwards it's the begining of new financial year.

Stock watch for the day:

ICICI BANK: This was given a short call with stop loss 855 for the target of 825 and it made a high of 849 and low of 769

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4820 with stop 4800 and it made 4860 and told to cover the position

Buy Nifty Futures around 4755 with stop 4740 and it zoomed to 4793

Buy RCom around 522 with stop loss 516 and it made just 525 and when it started coming down, told to cover the position around 520-521.

Buy Reliance Energy around 1300 with stop loss 1294 and it made 1315 and the came down to hit the stop loss

Buy Subex Systems around 196 with 193 and it zoomed to reach the second target given at 215

Buy Punjab Lloyd around 328 with stop loss 325 and it made 330 and then hit the stop loss

Buy Reliance Capital around 1350 with stop 1340 and it made 1365 and then hit the stop loss

Buy Reliance Capital at 1343 with stop loss 1330 and stop loss hit

Market Outlook 31/03/08

Market has moved up too much in the last hour of trading even though inflation result came as high and nifty even made a high of 4976 and this may be a trap also and as i told you 5000-5020 resistance will be very tough to crossover and nifty may again be volatile today as also today is the last day of financial year.So, there may be lots of activity in the market.Below 5000, nifty will be weak and if nifty starts sliding below 4900, it will again try for 4850 support and if it breaks 4850, then next stop might be around 4790.Overall, volatile day is expected today.

Stock watch for the day:

ICICI BANK (835): Short this stock on raise with stop loss 856 for target 825.If moves above 855, it may turn volatile.

Intraday call performance 28/03/08

Nifty was playing in a narrow range for almost the whole day and in the later session, buying came in very heavily to pull up nifty to a high of 4970...! now,is this a trap wil be known in a day or two.Just watch the market moves here on.

Stock watch for the day:

RCom: This was given a short call with stop loss 551 for target 530-525 and the stock made a high of 545 and low of 528

Following calls were given in yahoo messenger for clients:

.................Clients enjoyed big profits today...................

Buy Nifty Futures around 4845 stop 4825 and it made 4885 and told to come out

Buy Cipla around 214 with stop loss 211 for target 221 and the stock made 219

Short Nalco around 466 with stop loss 471.5 and the stock made a low of 451

Buy Bajaj Hindustan around 199 with stop loss 197 and the stock made 207

Buy Reliance Capital around 1343 with stop loss 1335 and the stock made 1400

Short Reliance Capital around 1403 with stop loss 1417 and the stock went down till 1384

Market Outlook 28/03/08

At last the much expected expiry is over and nifty also closed around 4800 level and will be interesting to see nifty movements here on.Nifty has to slide again below 4740 and towards 4600 in coming days again and whether nifty breaks 4740 today or in 2-3 days is interesting as on upper side 5000 is very very tough resistance to break.For today, above 4800 nifty will move towards 4870 and then 4920 where strong resistance will come in and if nifty slides below 4800, then danger of testing 4770 first and if breaks then real possiblity of testing major support at 4740 is on cards.Today also being the last day of the week, some selling will come for sure.

Stock watch for the day:

RCom (538): Watch this stock on upper side and if not able to cross 551, short it for target 530-525

Intraday Call performance 27/03/08

Extreme volatile day ended with nifty closing at almost the same price of yesterday and now nifty is just above 4800 like yesterday and again nifty might take 2-3 days to settle down from expiry and show the direction to the market.Today's high was recorded at 4864 which came in the late afternoon session as told here and the nifty spot low was 4770.

Stock watch for the day:

Reliance Energy: This was given a short call with stop 1325 for target 1260 and the stock made a high of 1310 and low of 1265

Following calls were given in yahoo messenger for clients:

Short Bajaj Hindustan around 192 with stop 193 for taregt 186-182 and the stock came down to 188.4 and then went upto hit the small stop loss

Buy Crompten Greeves around 273 with stop 270.9 and the stock made 280

Short RCom around 524 with stop 531 and the stock made a low of 513 just short of 3 points of my first target at 510

Short RCom again around 537 with stop 543 and the stock and the stock made 527 and told to come out

Short 50 stocks of Reliance Energy around 1315 with stop 1335 and the stock came down to 1265

Market Outlook 27/03/08

Today is expiry day and if indian market opens week and 4740 is not broken, definite pull back might be expected in the later session.Opening is interesting today.If nifty goes below 4740, then danger is there of more fall and if 4740 is protected, upmove till 4900 is possible today.Might be a play between 4740-4900 today.Overall very very volatile day and one has to be very carefull in booking profits whenver he gets.

Stock watch for the day:

Reliance Energy (1296): Watch this stock on raise and if it doesn't cross 1325, short it for target 1275-1260

Intraday call performance 26/03/08

Market was too volatile a day before expiry and this thing was also expected and in the last hour, it was too much as market suddenly pulled up from low's at a fast rate.Nifty made a low of 4809 after breaking 4850 as told here and closed around 4830 range and today's high was recorded at 4912.Tomorrow is expiry and the last support nifty has below 4800 is 4740 as before and will be interesting to see whetehr it can go there tomorrow.

Stock watch for the day:

CESC:This was given a sell call with stop loss 420 for the taregt 395 and the stock made a high of 410 and low of 381

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4895 with stop 4875 and it made just 4904 and then told to cover at 4885

Buy Reliance Capital around 1345-1350 with stop 1330 and the stock made 1375

Buy small quantity of Reliance Energy around 1296 with small stop 1289 and it made 1302 and then hit the small stop loss

Buy DLF around 660 with stop 656 and the stock made 671

Buy ICICI Bank around 861 with stop 857 and the stock made just 865 and came down to hit the stop loss

Buy Reliance Capital around 1295 -1300 STOP 1285 and the stock made just 1305 and hit the stop loss

Buy India Bulls Financial around 453 with stop 449 and it made 457 and then hit the stop loss

Market Outlook 26/03/08

Yesterday was a booming day for indian market after a very long long time and today one can expect some selling for sure and tomorrow's expiry will also bring in more volatility.Higher level, 5000 will be very very tough resistance to cross even tomorrow.For today, if nifty moves above 4900, it will face stiff resistance around 4955-4965 range and on downside below 4900 nifty will move towards 4850 first and if breaks that will straight away go to 4800 support area.Market will be very volatile for two day's for sure.

Stock watch for the day:

CESC (408): Watch this stock on higher side and if not able to cross 420, short it for targets 400-395

Intraday Call performance 25/03/08

As expected and told, market witnessed strong pull back and nifty once crossed 4740 easily, allround buying emerged and it took nifty to a high of 4897 and a low of 4617.Now just 2 days left for expiry and market will become more volatile.

Stock watch for the day:

MaxInd:This was given a buy call with stop loss 130 for the target of 150 and the stock made a high of 155 and low of 142

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4770 with stop 4780 and it made just 4758 and then zoomed to hit the stop loss

Short Nifty Futures around 4835 with stop 4846 and when it went upto 4841, told to come out

Buy RCom around 523 with Stop loss 517 and the stock made 542 and told to cover

Short Orchid around 116 with stop 117 and it made just 114 and then stop loss hit

Short Renuka around 932 with stop 940 and the stock made 912

Short ICICI Bank around 864 with small stop at 868 and it fell to 860 and the hit the stop loss

Short Reliance Energy around 1284 with stop 1290 and made 1254 and told to cover position

Market Outlook 25/03/08

Market will continue to move upwards today also and it's interesting to see what game is set up for this expiry as market is facing selling pressure at every high's and more interesting to see when can nifty cross 4740 comfortably-which infact will move nifty towards 4900-4980 level.For today, 4650 will be crucial level to watch and above 4650 nifty will move strongly towards 4720-4740 big resistance and if nifty starts trading below 4530, it will turn out weak.But, chances of nifty hitting 4800-4900 before expiry is bright and let us see the fun till expiry now.

Stock watch for the day:

Max India (140): Buy this stock in dips with stop loss 130 for the target 146-150

Intraday call performance 24/03/08

As expected, market opened gap up and even though it made a high of just 4649 and then came down to make a low of 4540 and closed above 4600 and as i said 4740 will be very very tough resistance and nifty may wel get past that before expiry if 4440 is not broken on downside.Just watch the fun this week.

Stock watch for the day:

Yes Bank : This was given a buy call with stop loss 130 for target 145 and the stock made a low of exact 130 and high of 145.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4600 with stop loss 4580 and it made 4632

Short Orchid Chemicals around 121 with stop loss 123 and the stock made 106

Short Renuka Sugars around 935 with stop loss 945 and the stock made 853

Short Omaxe Limited around 192 stop loss 197 and the stock made 180

Buy RCom around 500 with stop loss 496 and the stock made 511

Buy Maruti around 829 with stop loss 825 and the stock made 844

Market Outlook 24/03/08

World markets are recovering from low's and indian market is still not showing any perfect move as it is facing selling pressure at every high and as mentioned before, 4740 still looks to be a strong resistance and if nifty doesn't cross 4740 level in another 2-3 day's, we are surely in trouble and nifty wil definitely break down severely in this scenario.For today, nifty above 4600 will aim straight to 4675 and above that it wil be a challenge to test 4740-a very very crucial resistance If nifty starts sliding below 4550, it might be bad for the market again and expiry week will also bring in lots of volatility for sure.

Stock watch for the day:

Yes Bank (137): Buy this stock at dips with stop loss 130 for target 143-145

Intraday call performance 19/03/08

Market acted exactly as told here.Opening was bullish and then heavy selling in the last hour which was clearly told here.Now next week will see lot of actions as expiry is also be seen next week.Market trend is still not clear as nifty has not broken on both sides-upper side-4740 and lower side-4440.

Stock watch for the day:

RCom: This was given a buy call with stop loss 488 for the target 520 and the stock made a high of exact 520 and low of 501

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients today.....

Buy Nifty Futures around 4655 with stop 4635 and it made 4681

Buy Nifty Futures again now at 4650 with stop 4635, and when it made 4670, told to come out

Buy RCom around 510 with stop 507 and the stock made 516.5 as the target given was 518

Short Icici Bank around 815 with stop 823 and the stock made a low of 750

Short Infosys around 1335 with stop 1345 and the stock made 1322 and then went up to hit the stop loss

Buy Reliance Energy around 1250 with stop 1244 and the stock made 1266

Market Outlook 19/03/08

Today market sentiments are too good as also because of good results from Goldman Sachs Group and Lehman Brothers Holdings Inc. and a rate cut by the Federal Reserve.Indian market is also expected to open high and how high is interesting here.Nifty can open above 4620 and next resistance above 4620 will be 4675 and if crosses this, then strongest resistance wil come only at 4740.Below 4620 , nifty will remain weak again. So, watch out for opening today.Next 2 day's are holiday's for indian stock market and hence there might be last hour selling also.

Stock watch for the day:

Rcom (496): Buy this stock with stop loss 488 for target 515-520 today.

Intraday call performance 18/03/08

Market witnessed a bounce back today making a low of 4482 and a high of 4633 and at the end, again started sliding down and then closed at around 4500 range again.Today expected FED rate cut late night might boost market sentiments again and also tomorrow being the last day of the week will make the market volatile again.

Stock watch for the day:

J.P.Associates: This was given a buy call with stop loss 202 for target 215 and the stock made a high of 215 and then came down to make low of 189

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4540 with stop 4520 and it made 4565 and then told to cover at 4540

Short Nifty Futures around 4600 with stop loss 4620 and it could make only 4595 and then went up to hit the stop loss

Buy RCom around 493 with stop 492 and the stock made 498 and then hit the small stop loss.

Buy Reliance Energy around 1240 with stop 1229 and the stop loss hit

Short Renuka around 984 with stop 992 and the stock crashed to 956

Short FCH around 533 with stop 536 and it made a low of 521

Short Renuka again around 984 with stop 992 and it made 974

Short Tisco around 655 with stop 660 and the stock made 649 thrice and then went up to hit the stop loss

Short Renuka around 1035 with stop 1046 and stop loss hit

Buy Reliance Energy around 1265 with stop 1260 and it zoomed to 1285 and told to come out

Market Outlook 18/03/08

Now the real testing time has come for indian market and on downside the only strong support will be at 4440 and unless market opens below 4440, this support may not be broken.The whole world market is in panic now and for indian market 4440 holds the key and at any cost if it breaks 4440, it will be total panic.For today, nifty above 4500 will aim for 4560 and then 4610 ressitance and if crosses that, allround buying will come.On downside, below 4500 last strongest support is at 4440 and will be the key for market direction.

Stock watch for the day:

J.P Associates (207): Buy this stock with stop loss 202 for target 215-222

Caution: If nifty breaks 4440, be cautious in staying in buy mode.

Intraday call performance 17/03/08

World market collapsed and indian market also followed that and as soon as nifty started sliding below 4600, selling was too effective and nifty made a low of 4482 and closed around 4500.Now, the only strong support on downside is 4440 and it should not be broken for nifty to move on the upper side.

Stock watch for the day:

Aurobindo Pharma: This was given a sell call with stop loss 295 for target 276 and the stock made a high of 285 and low of 253

Following calls were given in yahoo messenger for clients:

It was a good day of profits to all my clients

Short Nifty Futurtes around 4570 with stop 4590 and it made 4476.

Short RCom around 493 with stop 498 and it made 476

Buy Reliance Energy around 1234 stop 1229 and it made 1245

Short Reliance Energy around 1225 stop loss 1232 and told to come out at 1210

Buy Renuka at 1000 with stop loss 995 and it made 1010

Buy Orchid Chemicals at 121 stop 119.5...small stop loss..and the stock made 129 and told to cover

Last call of the day Buy Renuka around 995 with stop 989 and the stock made 1020

Market Outlook 17/03/08

Although nifty has closed above the important resistance of 4740, today it will slide down fast if it breaks 4740 again.There might be a gap down opening also.DJIA and Nasdaq have also turned weak due to credit concern and indian market might also just react to that.For today, if nifty stays above 4740, it wil move towards 4800 important figure and below 4740, nifty might test 4640 straight and if breaks, that then 4600 will be strong support to watch out for.

Stock watch for the day:

AurubindoPharma (289): If not able to cross 295, it will slide to 282-276 today.

Intraday call performance 14/03/08

As expected and told here, nifty never broke 4600 and remained bullish staying above that throughout the day.Interestingly nifty even broke 4740 strong ressitance and ended at 4746 showing strength in the market now.Closing was important for monday's market.Next week trading will ne interesting now.

Stock watch for the day:

CESC:This stock was given a buy call for target 492 and this stock was too volatile today and initially made 479 and came down to break the support of 460 and then again got past 460 and made a high of 501

Following calls were given in yahoo messenger for clients:

Short Nifty Futures at 4710 stop 4725 and it made 4690 and told to come out

Buy Nifty Futures around 4680 with stop 4660 and stop loss hit

Short Hindalco around 179 with stop 180.5 and the stock made just 178 thrice and then hit the small stop loss

Buy Renuka around 1030 with stop 1018 and the stock made 1090

Short DLF around 630 with stop 634.5 for targets 610-595 and it made 627 and then hit the stop loss

Buy RCom around 501 with stop 496 and it made 517

Short Maruti around 816 with stop 821 and stop loss hit

Short RCom around 520 with stop 525 and it made 502 and told to come out

Short Jet Airways around 601 with stop 602.5 and it just amde 598 and then hit the small stop loss

Market Outlook 14/03/08

After dropping to low of 4580, nifty might move up today and on upperside 5740 is again a main hurdle to cross and today being the last day of the week, it's interesting to see the market behaviour.For today, watch out for crucial support at 4600 and above this nifty will move towards 4675 first and then if crosses will try for 4740 tough resistance.On lower side, if nifty breaks 4600, trend might become very bearish again and nifty might even crash to 4500 levels today itself.Chances of breaking 4600 is very remote today as also U.S markets have recovered yesterday.

Stock watch for the day:

CESC (470): Watch this stock and if support 460 is held, buy for target 485-492.Below 460, it is not a buy.

intraday call performance 13/03/08

Nobody would have imagined nifty to break 4620 support in one day..!Market is too volatile these day's and even world market sentiments are effecting indian market too much.Today it was weekness in the opening itself and later on it went on breaking supports one by one and atlast made a low of 4580 and will this be saved in coming day's is a million dolar question as market closed above 4600 at the end.

Stock watch for the day:

Cairn: This was given a buy call with stop loss 237 for target 257 and it just made 251 as high in the morning and then came down to break its strong support.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4650 stop 4630 and it made 4698

Buy Future Capital Holdings around 502 with stop 499.5 and the stock amde 508 and then came down

Buy Unitec around 278 with stop 276 and it made 282.5 and then came down to hit the stop loss

Short Maruti around 844 with stop 849 and the stock came down to 835

Buy Onmobile around 512 with stop 508 and the stock made 515 and told to cover at 513 and later it made 527

Short Unitec at 274 stop 276 and stop loss hit

Short Onmobile around 514 stop 517 and it hit the stop loss

Market Outlook 13/03/08

After opening strong, nifty found exact resistance around 5000 leevls and it seems that nifty will play between 4800-5000 for few day's again and then break out in one direction.For today, above 4920 it may retest 4965 level and remain below 4900 it may slide to 4850 support and break of it will test 4820 last support.Again an interesting day ahead for traders and as i said, it seems nifty will move between 4800-5000 range now.
Stock watch for the day:
Cairns (247): Buy this in dips with stop loss 238 for target 256-264.Don't initiate trade below 238.

Intraday call performance 12/03/08

As told in the blog, nifty resisted exactly at 5020 and came down at the end to close at 4872.Nifty might play between 4800-5000 range again for few day's now before it breaks out in single direction.

Stock watch for the day:

JP Asociates: This was given a buy call with stop loss 240 for target of 265 and the stock made a high of 269 and low was 242.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4920 with stop 4900 and it made 4945

Buy Nifty Futures at around 4880 with stop 4870 and it made 4916

Buy NTPC around 195 with stop 193 and the stock made 197.5 and told to cover at 195

Short Maruti around 876 with stop 881 and the stock made 851 ..super profit

Buy RCom around 555 with stop 550 and the stock made 860 and then hit the stop loss at 550

Short Renuka around 1150 with stop 1158 ..play with small number and it made 1137

Market Outlook 12/03/08

It was a low opening and a strong recovery at the end yesterday and market is very strong at present and further, the announcement of a coordinated central bank effort to increase liquidity in the financial markets have lifted DOW Jones 400 points yesterday in a single day and this will also effect indian market now.Today, it might be a gap up opening.If there is gap up opening, it might be around 4900 odd or 5000 straight.So, any dip wil be used for buying today.For today, above 4900 nifty will shoot upto 4960 and 5020.Below 4900, nifty downside might be limited to 4800.

Stock watch for the day:

JP Associates (251):Buy in dips with stop loss 240 for target 265

Intraday call performance 11/03/08

Though market opened low, it recovered very soon and made a high of 4888 and closed above 4800 showing strengtyh in the market.On upper side 5000 might be resistance in coming day's and will be interesting to see the market behaviour.

Stock watch for the day:

Sail: This was given a sell call below 240 for the target of 232-228 and it opened at target and went up and came down again to make a low of 231

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4820 with stop 4800 and when it made 4835, told to come out

Short Purvankar Projects around 249 with stop 251 and within 3 minutes it made 245 and then hit the small stop loss at 251

Short Orchid Chemical around 221 with stop 221.5 and it made 218.4 and then hit small stop at 221.5

Short Renuka Sugars around 935 with stop 942 and the stock made 920 first and then again zoomed to 938 and came down to 928 and then hit the stop loss

Short Icici Bank around 864 with stop 871 and the stock made 852 from 860 and then hit the stop loss

Buy Renuka Sugars around 935 with stop 926 and the stock 985 and told to come out there and later it made 1161

Buy Bank of India around 274 with stop 271 and it made 276 and then hit the stop loss

Market Outlook 11/03/08

Market witnessed a strong pull back after making a low of 4620-just short of 70 points of my traget 4550 on downside and made a high of 4815.Still nifty looks week only as it is also effected by world market weakness.For today, remain below 4815, nifty will again move downwards towards 4750 suport first and if breaks it will slide towards 4700 and then 4660 also.If nifty moves above4815 also, higher level it will face selling again for sure.So, be cautious at every higher levels.

Stock watch for the day:

SAIL (237): If this stock doesn't cross 240, it will fall down to 232-228 today.

Intraday call performance 10/03/08

Market was too volatile today and opening was low down and made a low of 4620 and picked up again from there to make a high of 4815 and closing at 4790.Today's low is very important and if it doesn't get broken, chances of crossing 5000 is high now.

Stock watch for the day:

DLF Limited: This was given a sell call below 680 for the target 635 and stock opened weak making a low of 621 and closing at 674

Following calls were given in yahoo messenger for clients:

It was a great day of huge profit for all my clients

Buy Nifty Futures around 4610 with stop 4580 and it made 4690 and told to come out there

Buy Rcom near 521 with stop 518 and made hit 524 and then hit the stop loss

Buy On Mobile around 522 with stop 518 and the stock made 574

Buy RCom around 523 with stop 520 and the stock made 567

Short GlenPharma around 482 with top 483.5 and the stock made 469

Short Renuka Sugars around 892 with stop 898 and and the stock fell to 868

Market Outlook 10/03/08

Nifty has finally broke its support of 4800 and started moving downwards now.Any raise will invite selling today.Below 4800, nifty will remain very weak and will move towards 4700 first and then it will be test of 4660 support again.If nifty moves above 4800, it will move towards 5855 strong resistance, where heavy selling might emerge again.So, interesting week starts today.Reliance group movements will be interesting here onwards.

Stock watch for the day:

DLF Limited (657): Watch this stock today as it has fallen too much and tdoay also looks weak below 680 and if doesn't cross 680 will hit 645-635 on downside.

Intraday call performance 07/03/08

World market weekness effected indian market also and as told it broke 4800 support and made a low of 4672 on downside and at the end of trading, picked up again and moved above 4700 again to reach 4792 and came down again to close at 4760.Next week is interesting now as nifty already cleanly broke strong support at 4800 and now looking for more downside.

Stock watch for the day:

Bank of India :This was given a sell call with stop 292 for the target of 274 and the stock made a high of 285 and low of 252

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures near 4730 with stop 4710 and it made 4755 and then hit the stop loss

Wait for dips and buy Satyam at 414 with stop at 413.5 and it made 417 and then hit the small stop loss

Buy NTPC around 187 with stop loss 185.5 and the stock made 188 and then hit the stop loss

Buy Glenmark Pharma around 475 with stop 471 and it made 482 and then hit the stop loss

Short NTPC around 186 with stop 188 and it made 181

Short BHEL at 2010 with stop 2030 and the stock made 1950

Take minimum risk and Short 30 BHEL at 2024 with small stop at 2030 and the stock made 2005

Market Outlook 07/03/08

There might be some buying coming today and upper side will find resistance again.For today, 4960 will be stiff resistance again and any move above that might try 5000 target straight and nifty below 4960 still reamians weak only.If nifty moves below 4900, it might test 4860 first support and if breaks that then again onus will be on 4800 strong support.Overall interesting to see the weak end today.Market may be volatile today also.

Stock watch for the day:

Bank of India (285): This stock has taken the beating from last few day's and still looks weeker only.Today watch this stock and on upper side, if not able to cross 292, just short it for target 279-274.

Intraday Call performance 05/03/08

It was a fantastic day of trading as nifty still maintained strong support at 4800 and moved upwards strongly at the end of the day to make a high of 4937.Tomorrow being a trading holiday, focus still will be on the on the range of nifty 4800-5000.Still the trend is not clear as it has not broken out or broken down.Will be interesting to see how the week ends this time around.

Stock watch for the day:

Ispat Industries: This was given a sell call below 40 for target 36 and the stock made a high of 38.5 and low of 36.4

Following calls were given in yahoo messenger for clients:

It was again a great profit day for all my clients

Short Nifty Futures around 4900 with stop 4935 and it made 4830 and told to come out

Short Nifty Futures around 4910 with stop 4935 and it made 4840 and told to come out

Short Suzlon around 242 with stop 246 and suzlon made 229

Short HDIL around 742 with stop loss 748 and it made 700

Short Renuka Sugar around 1015 with stop loss 1025 and when renuka made 935, told to cover the position

Short Maruti around 924 with stop 928 and the stock made 915 and then hit the small stop loss

Market Outlook 05/03/08

Market seems to be playing around crucial support of 4800 and today also 4800 support will be very very crucial.Till it holds on to 4800, no problem.But, once if it gets broken allround panic will start in the market and one more strong selling will emerge for sure.For today, 4900 will be resistance and above that 4970 will be very very strong resistance and on downside, below 4900 nifty will try to test 4800 again and if breaks 4800, then will go down to first support at 4740 straight

Stock watch for the day:

Ispat Industries (38): This stock has broken strong support at 40 and now for today, below 40, it will test 36 and then 34.

Intraday call performance 04/03/08

Market was too volatile today and as expected more on weeker side and it still held on to strong support of 4800 as it made a low of 4812 and high of 4977.Now the onus on coming day's will be on strong support at 4800.

Stock watch for the day:

NTPC: This was given a sell call with stop loss 197 for target 185 and the stock made 195 high and a low of 186

Following calls were given in yahoo messenger for clients:

A great day of big profits for my clients today....

Short Nifty Futures around 4930 with stop 4950 and nifty futures made 4830 and told to come out....HUGE PROFIT

Short Nifty Futures around 4920 with stop 4940 and nifty futures made 4825....HUGE PROFIT

Short Suzlon around 255 with stop 259 and the stock made 227....HUGE PROFIT

Short Maruti around 900 with stop 910 and the stock made 883

Short Rcom around 530 iwth stop loss 535 and the stock made 508....HUGE PROFIT

Short Bank of India around 315 with stop 318 and the stock made 311.5

Market Outlook 04/03/08

As expected, market opened week yesterday and remained week throughout the day and made a low of 4936.Now, only strong support for nifty is at 4800 and probably it will test 4800 again and if consolidates around that for few day's, might make a big move then.We will wait and see as the global factors are also effecting indian market too much these days and as i told you on friday, to understand the budget it will take 2-3 day's.For today, nifty will face resistance around 5015 and if crosses wil move towards 5040.On downside, break below 4950 might take it towards 4885 strong support.

Stock watch for the day:

NTPC (189):This stock has broken the strong ressitance yesterday and try to short it at higher levels with stop 197 for target 190 and then 185.

Intraday call performance 03/03/08

As expected, market opened week and for most part of the day it saved 5000 support and at the last hour it even broke 5000 and made a low of 4936.Now, in coming day's nifty will test strong support of 4800 again.This week trading will set the trend for the market.

Stock watch for the day:

Essar Oil :This was given a buy call with stop 250 for target 270 and the stock made 266

Following calls were given in yahoo messenger for clients:

Even in this scary market, our clients did well today....!

Buy Onmobile global around 608 with stop 600 and the stock made 614 and then hit the stop loss

Wait for dips and buy NTPC around 196 with strict stop at 194.8 and NTPC made 197.5 and then told to come out at 196

Short NTPC at 195 with stop 196.5 and the stock made 188

Buy Bajaj Hindustan around 239 with stop 237 and the stock zoomed to 254

Buy Essar Oil around 252 putting a small stop at 250 and the stock made 260

Buy Sail around 242 with small stop at 240 and the stock made 245 and then hit the stop loss

Short RCom around 557 with stop 561 and the stock made 536

Market Outlook 03/03/08

Today, nifty will face resistance around 5260 and below that it will remain week and above that will target 5300.If nifty doesn't cross 5260, it will definitely slide and watch for the supports at 5200 first and then straight to 5140 support and if breaks 5140, then 5070 will be very very strong support.It might take a day or two to understand the budget and then react accordingly and setttle in a range.Volatility has become a part of indian market these day's.So, even if market goes up, it will face selling at higher levels.There might be a gap down opening also today, as opening itself is very unpredictable today..So, watch out.

Stock watch for the day:

Essar Oil (259): Watch this stock as it has just started gaining momentun and if remains above 250, it will blast to 270 today and below 250 it is not a buy.