Intraday call performance 30/04/08

As expected nifty faced selling at higher levels and made a low of 5156 and closed at 5166.Tomorrow is a trading holiday and day after tomorrow trading will resume and might take some clues from world market.Today also morning session was boring as it happens these day's with low volume and later half saw some action with selling coming taking nifty below 5200.

Stock watch for the day:

DLF Limited: This was given a buy call with stop loss 705 for target 735 and the stock made a high of 735 and then fell to close at 701

Following calls were given in yahoo messenger for clients:

It was an excellent profit day for all my clients

Buy Nifty Futures around 5225 with stop 5214 and it just made 5230 and then hit the stop loss

Buy Nifty Futures around 5180 with stop 5159 for target 5215 and it made 5212

Buy LITL around 510 with stop loss 502 and it made 543....super duper profit

Short India Info around 980 with stop 992 and it made 933....super duper profit

Buy Punjab Lloyd around 372 with stop 369 and it made 375 then hit the small stop loss

Buy Bombay Dyeing around 973 with stop 965 and it made 980 and then hit the stop loss

Buy Bombay Dyeing again around 964 with stop 961 and it made 1065....super duper profit

Market Outlook 30/04/08

Atlast nifty crossed 5150 and made high of 5210.Even today, things are looking bullish but higher level selling might come.For today, if nifty moves above 5210 it will face strong resistance around 5250-5260 and is very difficult to cross this resistance today.If crosses this resistance, then another huge upmove might be seen.Selling might come from higher levels today.If nifty doesnt cross 5210, then it may test 5150 suport and then 5090.Tomorrow being a trading holiday, today's moves and closing is very interesting.

Stock watch for the day:

DLF Limited (725): Buy this stock in dips with stop loss 705 for target 735-740

Intraday call performance 29/04/08

Market was again boring till 12 P.M-when RBI policy announcement came in and market just blasted after that and made a high of 5211 and low recorded was 5082.It was a very good trading day on bullish side.

Stock watch for the day:

RCom: This was given a sell call with stop loss 606 for target 565 and RCom made low of 570 and high of 599

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5096 with stop 5080 and it zoomed to 5165 and gave cover order

Short Nifty Futures around 5180 with stop 5196 and it made 5162

Short Nifty Futures around 5225 stop 5245 and it made 5200

Short Suzlon around 278 with stop 279.7 and it made 274 and then hit the small stop loss

Buy ICICI Bank around 905 with stop 899 for first target 925 and it made exact 925

Buy Bajaj Hindustan in dips around 242 with stop 240.8 and it made just 245.5 and closed at 242.5

Short I-Flex around 1315 with stop 1328 and it made 1297 just short of 7 points of first target given at 1290

Short DLF around 715 with stop 721 for target 705 and it made exact 705

Market Outlook 29/04/08

Market is not moving much these day's and trading volume is very less.Higher level is exerting pressure and it looks like market will spend sometime here in this range below 5200 before moving higher in coming day's.For today, if nifty moves above 5110, it may try to hit 5150 a major resistance for today and if fails to break 5150, it will come down to test 5100 again and then 5070.Downside 5045 will be major support to watch out for.Till held, no problem for bulls.

Stock watch for the day:

RCom (585): Short this stock at higher levels with stop loss 606 for lower target 575-565

Intraday Call Performance 28/04/08

As expected, nifty faced selling at higher levels and came down to make a low of 5079 and closing near to 5100.Market participation was less and with low volume, nifty movements were also not much.Morning session was very dull today as nifty was moving in a narrow range.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5110 with stop 5090 and it made just 5132 and when nifty came down, told to cover in profit above 5110

Buy Reliance Capital around 1450 with stop 1438 and the stock made 1466

Buy ICICI Bank around 900 with stop 892 and it made 912 and then came down to hit the stop loss

Short Maruti around 738 with stop 742 and it 720

Short Bank of India around 338 with stop 340.5 and it made 330

Market Outlook 28/04/08

If nifty opens up high around 5200, beware of being longs as 5200-5225 is very very strong resistance area and nifty might well struggle to cross this resistance today.Opening holds the key and first 30 minutes high is very important and higher level selling is surely expected in today's market and also volatility- which was absent on expiry day may come today.So, be cautious today.On lower side, nifty below 5100 may test 5075 support and break of that might go straight to 5000 again.Today's closing is also very important.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 25/04/08

As i clearly mentioned yesterday and even here in my blog today, nifty never broke 4990 support and once it started trading above 5050 it was all round buying which took nifty past 5100 in great speed and nifty closing was very impressive above 5100.

Stock watch for the day:

No calls were given here today

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5030 with stop 5010 and it made 5075 and told to come out

Short Nifty Futures around 5080 with stop 5095 for taregt 5040 and it made 5035

Short Reliance Energy around 1325 with stop 1340 for target 1280 and it made 1286

Short Orchid around 237 with stop loss 242 and it made low of 232

Short Reliance Capital around 1410 with stop 1432 for target 1380 and it hit exact target

Market Outlook 25/04/08

Atlast the much expected expiry is over without much action and most importantly the support 4990 is also not broken and this support will play an important part today as told yesterday also.If Nifty moves above 5018, it will move towards 5050 and above that testing of 5085 on cards again.If nifty breaks 4990, then it may slide to 4950 support again.Today being the last day of the week, some selling might come in the last hour of the day.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 24/04/08

Morning session was very boring as participation was less and in the last hour some action came in on the lower side and nifty again tested 4990 support, but couldn't break it and closed around 5000.Strangely even on this expiry day volatility was not seen much.

Stock watch for the day:

ICICI Bank: This was given a short call below 878 for taregt 850 and in the morning it fell to 867 from 878 and later it crossed 878 and made a high of 889

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5025 with stop 5000 and it made 5052

Short Bajaj Hind around 242 with stop loss 245.5 and it made 229 low...superb profit

Buy Tisco at 790 with stop 785 for target 803 and it could only make 798-falling short of target by 5 points.

Short ICICI Bank around 874 with stop 878.5 and it made just 871 and then hit the small stop loss

Short IDFC around 171 with stop 173.5 and it made a low of 164....good profit

Short EduComp around 4030 with stop 4040 and it made 3950....good profit

Short ICICI at 875 with stop 881 and it again made 871 and when it came up, told to cover the psoition at 876

Market Outlook 24/04/08

Expiry of April month contract may bring in volatility today and hence caution is required in intraday trading. Although nifty has closed around 5020, it is still positive above 5000 and major resistance is in the range of 5075 and once it crosses that, it will fire towards 5125 range.If nifty breaks 5000, it may test 4990 support and then 4950 strong support.

Stock watch for the day:

ICICI BANK (865): Watch this stock on raise and if unable to cross 878, short it for target 850-840

Intraday Call Performance 23/04/08

Today nifty was trading flat for almost whole day today and at the end some buying came, but still there was selling at higher levels again.Now tomorrow's expiry day will be of more importance and will guide for future trades.

Stock watch for the day:

No calls were given today in this section

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop loss 5000 and when it made 5060, told to come out

Short Essar Oil around 275 with stop 276.3 and it made 271 and then hit the smal stop loss

Short RCom around 554 with stop 556.5 and it made 544 and the target given was 540

Buy HDFC around 2530 with stop 2515 and when it was not moving much, gave cover order at the same price

Short Bajaj Hindustan around 240 with stop 244 and it made 238 and then hit the stop loss

Short On Mobile around 696 with stop 698 and it made 674

Buy Infosys around 1634 with stop 1629 and it made 1653

Market Outlook 23/04/08

One more close above 5000 and still below crucial resistance of 5075 and tomorrow is expiry again.So, volatility is expected in these two days and above 5075, nifty will march towards 5125 and if unable to cross 5075, nifty will test 4990 support which is again crucial.Though the market is still looking bullish, but expiry might bring in volatility.So, play the trend.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 22/04/08

Slowly and steadily nifty managing to post new high's now and today it made a high of 5075 and closed around 5050.Nifty is bullish above 5000 and this weak expiry may bring in some volatility in the market now.

Stock watch for the day:

RCom: This was given a buy call with stop loss 545 for target 565-575 and the stock made a low of 547 and high of 565

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop 5000 and it made 5074

Short Nifty Futures around 5065 with stop 5075 and it made 5035 and told to come out

Short Reliance Power around 380 with stop 385 and the stock made a low of 374

Buy RCom around 554 with stop 547 and it made 565 exact first target

Buy TCS around 920 with stop 916 and it hit the small stop loss

Buy Ranbaxy around 489 with stop 486 and it made 491 and then hit the small stop loss

Short Zee Tele around 213 with stop 216 and it made 209

Market Outlook 22/04/08

Nifty managed to close above 5000 and now looking towards 5100 first and then still higher.For today, if nifty manages to get past 5060, it will face strong resistance in the range betwen 5110-5120 and if nifty failes to clear 5060, it will test 5000 first and then 4960 strong support straight.Market is looking very bullish today.This week again expiry will bring in volatility in the market.

Stock watch for the day:

RCom (560): Buy this stock at dips with stop loss 545 for target 565-575

Intraday call performance 21/04/08

As expected nifty crossed 5000 and made a high of 5055 and CRR hike issue did not have much effect today.Nifty heading towards 5200-5300 now.

Stock watch for the day:

Orchid Chemicals: This was given a short call with stop loss 296 for a target of 265 and it made a high of 284 and low of 242

Following calls were given in yahoo messenger for clients:

Today was a very good day for my clients

Buy Nifty Futures around 5030 with stop 5020 and it made just 5043 and gave cover order at 5040

Short Nifty Futures around 5440 with stop 5455 and it made 5008

Buy Punjab Lloyd around 345 with stop 340 and it amde 364

Buy RCom around 535 with stop 532 and it made 563

Short State Bank of India around 1700 with stop 1711 and it made just 1690 and then hit the small stop loss

Short ON-Mobile around 707 707 with stop 712 and it amde exact my first target at 690

Short ICICI Bank around 844 with stop 851 and it amde just 840 and then hit the stop loss

Market Outlook 21/04/08

Market is in bullish trend now and now that CRR is hiked, interesting to see the impact in the begining hours.Nifty is having strong support at 4900 and if theer is lower opening today and 4900 is not taken off, strong bounce back is possible and if there is higher opening,selling might come from higher levels.But, market is looking bullish and only news is CRR hike and to see till what extent it can effect the market.Nifty spot has strong resistance at 5035 and if not crossed will fall from higher leevls and if crosses 5100 is also possible today.If nifty falls below 4900 only it will lose strength

Stock watch for the day:

Orchid Chemicals (284):Watch this stock on raise and if fails to clear 296, short it for target 275-265

Intraday Call performance 17/04/08

Atlast nifty zoomed past 4975 strong resistance today and closed above 4950 and looks set for breaking 5000 now unless any negative news comes in next 3 days.So, next week will be interesting trading without any holiday's ofcourse.

Stock watch for the day:

RNRL:This was given a buy cal with stop loss 104 for taregt 111 and it made a low of 107 and high of 111

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4970 with stop 4990 and when it fell to 4965 and gave cover order

Short Nifty Futures around 4980 with stop 5002 and when it ade 4930, told to cover position

Short Orchid Chemicals around 324 with stop 329 and it fell to 275 and gave cover order when it went up to 279...HUGE PROFIT

Buy Sesa Goa around 3225 with stop 3205 and it zoomed to 3268

Short Suzlon around 291 with stop 295.3 and it just made 290 and then hit the stop loss

Short Balaji Tele around 178 with stop 179.5 and it just made 175 and then gave cover order at 178

Short Ranbaxy around 478 with stop 479.5 and it made just 474 and then hit the stop loss

Market Outlook 17/04/08

Tomorrow is a trading holiday and hence market will be closed for next 3 days and today volatility will continue and nifty below 4975 as i said, remains weak only.For today, above 4840 nifty looks good for 4940 and if crosses might test 4960-4970 range and be carefull on higher side as there might be selling coming there.As i said 4840 will be big support to watch out.There was good trading in U.S market aslo with good results from JP Morgan.

Stock watch for the day:

RNRL (107): Buy this with stop loss 104 for target 111-114

Intraday call performance 16/04/08

Today the gap filling exercise was done perfectly as nifty faced resistance at 4950 range as expecetd and then sliding down it made a low of 4874 and closed around 4900 again placing market in interesting position now.

Stock watch for the day:

L&T: This was given a short call only below 2840 and it opened and crossed 2840 in no time..hence call not executed

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4925 with stop 4905 and it made just 4934 and then hit the stop loss

Buy Nifty Futures around 4900 with stop 4880 and it made 4938

Buy Nifty Futures around 4900 with stop 4885 and it made 4936

Buy Bajaj Hindustan around 218 with stop 214 and it made 220.5 and then hit the stop loss

Buy RCom around 522 with stop 515 and it made 534 and first target given was 535

Buy ON-Mobile around 660 with stop 649 and it zoomed to 727 and told to come out with huge profits

Short ICICI Bank around 815 with stop 816.5 small stop loss and it made 809 and then gave cover order at 815

Short Suzlon around 292 with stop 293.5 and it made just 287.5

Short Bank of India around 306 with stop 307.2 and it made 299 and the first taregt was 298

Market Outlook 16/04/08

Market witnessed a terrific rally once it crossed 4840 mark and now one more strong resistance is in the range of 4965-4975 and if doesn't cross this resistance market will come down and if crosses this resistance, then it will zoom to 5050 range.For today, there might be some gap filling exercise because of sudden raise in the market.So, above 4900, nifty might look into 4960-4975 resitance and if fails to cross, downside major support is at 4840 only.

Stock watch for the day:

L&T (2806): Short with stop loss 2840 for lower target 2760 range.If moves above 2840, don't go for short

Intraday call performance 15/04/08

Nifty blasted above 4840 and reached 4900 in one shot and todays high was recorded at 4917 and low was at 4708.Upmove was at superb pace once it crossed 4840 and though nifty lost some points at the end , the closing was good enough as it closed well above 4840.

Stock watch for the day:

Suzlon: this was given a sell call with stop loss 300 for atregt 280 and teh stock made a high of 299 and low was recorded at 287, short of 7 points from my first target of 280

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4770 with stop 4790 and it made 4755 and told to cover

Buy Nifty Futures around 4755 stop 4745 and it made 4798 and told to cover the position

Short Nifty Futures around4810 with stop 4830 and stop loss hit

Short Nifty Futures at 4915 with stop 4935 and stop loss hit

Buy Bajaj Hindustan around 208 with stop loss 204.5 and it zoomed to makie a high of 218.5

Buy Hindustan Constructions around 122 with stop 118 and it zoomed to make 127.3

Short Orchid Chemicals around 265 with stop 268 and it made 261 and then small stop hit

Short Ranbaxy around 457 with stop 460.5 and it made 454 and then small stop hit

Short Suzlon at 297 with smal stop loss at 300 and it made 291

Short ICICI Bank around 830 with stop 836 and it made 804

Market Outlook 15/04/08

Today's market will be very volatile because of some issues like high inflation-which is actually bad for the market and infosys is announcing its result today and software stocks will be in action and if the result is bad, it will add up to the market sentiments.In all possiblity nifty will open negative below 4820 and if doesn't cross 4835 will remain weak throughout the day today.Nifty has support at 4780 for today and if breaks that then it will move towards 4730 very strong support.So, be prepared for volatile day of trading again.

Stock watch for the day:

SUZLON (290): Short this stock with stop loss 300 for targets 280-275

Intraday call performance 11/04/08

Today for a change high inflation figures was announced early and even though market came down a bit, recovered well in anticipation of good IIP numbers which was to be announced later in the day and was playing rangebound above 4740 and then later results of good IIP numbers boosted market sentiments and nifty zoomed past 4800 to make a high of 4817, but couldn't get past crucial resistance of 4835 and came down heavily at the final hour and even then closing was well around 4800.

Stock watch for the day:

Ranbaxy: This was given a sell call with stop loss 468 for target 440 and the stock made a high of 460 and low of 441.6

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4780 with stop loss 4800 and it made 4740

Short Nifty Futures around 4805 with stop 4826 and when it made 4775, told to cover

Short Nifty Futures around 4815 with stop 4835 and when it made 4760, told to cover

Short RCom around 493 with stop loss 496.5 and it made 485 and then went up to hit small stop loss at 496.5

Short Suzlon Energy around 294 with stop loss 296.5 and it made just 290 and then hit the small stop loss

Take a small risk and Short Indian Oil at 451.5 with stop 453.5 and the stock made just 450 and small stop loss hit

Short ICICI around 802 with stop 806 and it went down to make 885

Short Suzlon around 296 with stop 298.5 and it went down to make 288

Market Outllook 11/04/08

Today is the last day of the weak and also monday is a trading holiday and next weak we have only 3 trading days.Inflation numbers are also expecetd in the afternoon and market also may trade flat tilL the figures get announced in the afternoon and some selling might come again if the inflation is high and it is expected to be more than 7% this time.Tuesday is infosys result and hence, lots of action might be seen in IT stocks and market will be volatile today.For today, if nifty stays below 4740, it wil remainw eaka nd may test 470 firsta nd then 4670 will be tested if 4700 is taken off and on upper side above 4740, 4800 will be stiff resistance again to watch out for.

Stock watch for the day:

Ranbaxy (452): Short this stock on raise keeping a stop loss of 468 for target 440-435

Intraday call performance 10/04/08

Although nifty opened strong today and was trading in positive zone-above 4740, most part of the day and first resistance as expected and told here was found near 4800 level and at the end selling came severely and nifty closed just below 4740 showing lots of uncertainities in the market now.

Stock watch for the day:

Suzlon :This was given a buy call with stop loss 288 for target 310 and the stock made a high of 305 and low of 288.5

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4760 with stop 4735 and it made 4788 and the target given was 4790

Short Nifty Futures around 4775 with stop 4795 and it made 4742

Short Nifty Futures again around 4790 with stop loss 4820 for targets 4750 and then 4730 and it made 4750 first and went upto 4795 and without hitting stop loss it slided down to hit the second target 4710

Buy Air Deccan 131 with stop loss 128 and the stock made 135.5 as high as the first target was 137

Short Infosys around with stop 1476 and the stock made 1462 and the hit the small stop loss at 1476

Short ICICI Bank around 830 with stop loss 838 and the stock made a low of 897 breaking second target giuven at 805

Short Reliance Energy around 1230 with stop 1246 and the stock made 1220 and then hit the stop loss

Buy Suzlon at 290 with small stop loss at 289.5 and the stock made 294.5

Short RCom around 495 with stop 498 and the stock amde 482 as target was given as 485-480

Market Outlook 10/04/08

Eventhough nifty has closed just above 4740, doesn't seem to have enough strength to cross all important major resistance of 4835 and higher level selling is expected again.For today, watch out the openinga nd if nifty opens above 4760 and in all possibility nifty will find its first resistance around 4790 and crossover again resistance at 4820 and every higher level selling is coming these day's.If nifty slides below 4740, then it may slide to 4700 first and then 4670 will be tested again.Intraday is proving to be the best strategy in this type of volatile market.

Stock watch for the day:

Suzlon (303): Buy this stock on dips with stop 288 for targets 310-316.Below 288 it is not a buy

Intraday Call performance 09/04/08

Nifty was trading in a range for the whole day without much movement on both sides and also volume was low.Anyhow, nifty closing was better as it closed well above 4740 - which is good for the market.

Stock watch for the day:

TCS:This was given a short call with stop loss 908 for target 870 and the stock made a high of just 892 and low of 869.

Following calls were given in yahoo messenger for clients:

Today was a big trading day for clients as they all earned huge profits

Short Nifty Futures around 4730 with stop 4742 and it made 4688

Buy Nifty Futures around 4675 with stop 4655 and it zoomed to 4730 and told to cover position

Short Orchid Chemicals at 243 with stop loss 248 and the stock made 218, told to cover the position with huge profit

Short L&T at 2630 with stop 2640 and the stock made 2614 and then hit the small stop loss

Renuka has resistance at 1048 and failure to cross will take it to 1020 and stock made 1012 from 1040

Buy Orchid Chemicals around 212 with stop loss 210.5 and when the stock amde 236, told to cover position with huge profit

Short TCS at 890 with stop 901 for target 870 and the stock made 869 with very good profit

Short Renuka Sugars at 1043 with stop 1047 and the stock made 1029 and told to finish off trading in the last hour as it was dangerous

Market Outlook 09/04/08

Although nifty closed around 4700, 4740 still a major hurdle and if fails to cross 4740 then nifty will go down to test 4670 first and then 4630 levels today.If nifty moves above 4740 also upside seems to be limited around 4800.Positioinal trades are becoming dangerous day by day and only intraday seems to be perfect in this market condition.In whatever dips, 4440 is the strongest support on downside and one can expect 800-1000 points rally from any downside near to that.

Stock watch for the day:

TCS (887): Short this with stop loss 908 for lower targets 870-860

Intraday call performance 08/04/08

As it was clearly told here that failure to cross first hurdle of 4800 will be testing of 4740 and once it broke 4740, it was allround weekness in nifty and till the end of the day nifty never crossed 4740 resistance and at the end nifty closed just above 4700.Lots of uncertainty still prevailing in the market.

Stock watch for the day:

ICICI BANK: This was given a buy call only above 798 for target 835 and opening was well below 798 and then later on when it crossed 798, it zoomed to hit 830 as high.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4690 with stop 4670 and it made 4728

Buy ICICI Bank around 796 with stop loss 794 and it made 799 and then hit the small stop loss

Buy JP Associates around 224 with stop 221 and it made 227.5 and the first target given was 228

Buy ICICI Bank again around 793 with stop loss 786.5 and the stock made exact first target at 829

Buy HDIL around 655 with stop loss 652 and it made 863

Buy ICICI Bank around 813 now with stop loss 811 and small stop loss hit

Buy Renuka Sugars at 988 with stop 978 and the stock made 1005

Buy Reliance Energy around 1145 with stop 1136 and the stock made 1163

Market Outlook 08/04/08

Yesterday market was very bullish breaking all resistances in between and made a high of 4798 and for today 4835 will be first and strong resiostance to crossover.If nifty failes near 4800 or at 4835, it will slide down to test 4735 again and if breaks 4735 market will again turn weak.So, today watch out for 4835 tough resistance.

Stock watch for the day:

ICICI Bank (811): Watch this stock and if support 798 is not broken will move towards 835-840 today

Intraday call performance 07/04/08

Today market started on bullsih note breaking all the resistances in between and made a high of 4798 and closed above 4740 showing strength in the market now.Next big news wil be CRR hike and banking stocks will come into main stream at that time.

Stock watch for the day:

Tisco: This was given a sell call with stop 685 for target 645 and stock made a high of exact 685 and low of 645

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4720 with stop 4695 and it made 4785 and gave cover order

Short Punjab Lloyd around 307 with stop 310 and it made just 306 and when it went up again, gave cover order at 307.5

Short Sesa Goa around 2790 with stop 2825 and the stock made 2770 and then told to cover around 2785

Short Sesa Goa around 2835 with stop 2853 and the stock made 2770

Short Hindustan Construction around 119.5 with stop 122 and the stock made 114

Short J.P Associates around 230 with stop 232.5 and the stock made 223

Short Bajaj Hindustan around 187 with stop 189 and the stock made 184 and then went up to hit the stop loss

Short Reliance at 2415 with small stop at 2425 and stock hit the stop loss

Market Outlook 07/04/08

4740 WILL BE STRONG SUPPORT ON DOWNSIDE AND IF NOT BROKEN, WE MAY BE IN FOR 800-1000 POINTS UPMOVE ...........
Every raise is exerting pressure in the market and nifty has also closed well below the strong support which it had before 4740-which will act as resistance now onwards.On friday, indian market crashed due to higher inflation and expected hike in CRR.For today, nifty above 4650 will face first strong resistance around 4700 and if crosses 4700, then 4740 will be very strong resistance as said and higher level selling will come heavily again.Below 4600 nifty might slide down to test 4565 support.

Stock watch for the day:

TISCO (661): Short this stock at higher levels with stop loss at 685 for lower target 650-645

Intraday call performance 04/04/08

After moving between the range of 4740-4835, finally nifty broke down and made a low of 4632 and closing was well below 4700 is a worrying factor for bulls now.Taking positional calls have become very dangerous these day's.Coming week will see action through CRR news now.

Stock watch for the day:

J.P Associates: This was given a sell call with stop loss 242 for target 228 and the stock made a high of 236 and low of 219

Following calls were given in yahoo messenger for clients:

Today was the greatest day of my trading carrier with huge profits

Buy Nifty Futures around 4760 with stop 4739 and it made 4770 and told to cover

Buy Nifty Futures around 4630 with stop 4598 and it made 4685 and told to cover

Short Nifty Futures around 4680 with stop 4695 and it made 4634

Buy ICICI Bank around 779 with stop 777 and it made 785 and when it came down, told to cover at 779

Short Sesa Goa around 2850 with stop 2870 and the stock made a low of 2644 as my first target was 2684

Short BHEL at 1695 with stop 1710 and the stock made a low of 1625

Renuka Sugars looking hot at 945 with stop loss 939 for target 955 first and if breaks then 965 and stock made 964

ICICI looking great at 754 with support 745 and it made 774

Short J.P Assocaites around 230 with stop 232 and the stock made a low of 219

Market Outlook 04/04/08

Nifty is hovering between 4740 support and 4835 resistance at the moment and any break of these levels will give another 100-150 points and the market is still undecided on its move.Till 4740 is held, it's a good buy and for today if nifty moves above 4800, it will try for 4835 tough resistance and if crosses, then it will aim straight away to 4900.Today again being last day of the week, higher level selling might come again.

Stock watch for the day:

J.P Associates (233): Short this stock at higher levels with stop loss 242 for lower targets of 232-229

Intraday call performance 03/04/08

Today it was a crazy market and as told in here, first initial raise to 4800 and fall again towards 4740 levels and then recovery past 4800 and tested strong rsesitance at 4840 and down again to test lower support of 4740 and at the last hour again zoomed to 4800 level and closed around 4770 range.

Stock watch for the day:

Suzlon: This was given a sell call with stop loss 300 for taregt 275 and it made a high of 286 and low of 268

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4790 with stop 4815 and it made 4765

Buy Nifty Futures around 4760 with stop 4738 and it made 4800

Short BHEL around 1860 with stop 1875 and it made 1848a nd then zoomed to 1876 and then crashed heavily to 1695..sheer bad luck

Short Reliance Capital around 1200-1210 with stop 1213and it just made 1194 and then small stop hit

Short Sesa Goa around 2830 with stop 2850 and it made just 2820 and then zoomed to 2854 and crashed to 2750..sheer bad luck

Short India Info around 757 with stop 763 and it amde 752 and then hit stop loss

Buy ICICI Bank around 790 with stop 784 and it made 797

Buy Reliance Capital around 1230 with stop 1220 and the stock 1238 and then stop hit

Market Outlook 03/04/08

As you can see, market is exerting pressure at every raise and yesterday was not an exception here.Now, market again standing at the edge.If market starts sliding below 4735, there again weakness will come for sure and if nifty trades above 4735,chances of hitting 4800 is valid here.If nifty strats trading above 4800, then strong resistance will be around 4865 range.There maybe selling again at higher levels for sure and if market opens above 4740 also, chances of testing 4740 is very strong today.Still there are lots of uncertainties in the market and among traders.

Stock watch for the day:

Suzlon (285) : Short this stock on raise with stop loss 300 for targets 280-275

Intraday call performance 02/04/08

After opening gap up as expected, market again crashed losing all gains got in the opening session and again closed just around the support area.Every upmove is exerting pressure these day's and break of 4740 might again fall towards 4600 level.

Stock watch for the day:

RCom: This was given a buy call with stop loss 514 for target 540 and the stock made a high of 540 and low of 515

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4845 with stop 4830 and it zoomed to 4880

Buy RPL around 169 with stop 168.4 and it made 172 five times and couldn't cross and told to finish of trading when it was at 169.2

Buy Reliance Capital around 1270 with stop 1255 and the stock zoomed to 1290

Buy Subex Systems around 199 with stop 198.5 annd the stock made 202 thrice and couldn't cross and told to finish of trading when it was at 200

Buy Reliance Energy at 1270 with stop 1262 and told to cover at 1280

Market Outlook 02/04/08

Yesterday market crashed once it broke 4700 and stright away made almost my target of 4600 and then bounced back immediately and for today, market looks very very bullsih and there maybe gap up opening also.Above 4740 nifty will zoom to 4800 first and then to 4875.Only below 4700, it may lose strength, but chances are very remote.So,w atch out for an exciting day.

Stock watch for the day:

RCom (521):Buy this stock with stop loss 514 for targets 535-540

Intraday call performance 01/04/08

As told here, nifty faced first resistance around 4800 and then straight away broke 4740 support and made a low of 4628 and closed around 4740 again.Overall a very volatile day of trading today.

Stock watch for the day:

PFC: This was given a sell call with stop loss 173 for target 156 and the stock made a high of 166 and low of 156

Following calls were given in yahoo messenger for clients:

Overall a good trading day for all my clients

Short Nifty Futures around 4785 with stop 4800 and when it made 4650, told to cover

Short Nalco around 458 with stop 460 and the stock made a low of 441

Short Sobha Developers around 608 with stop 610 and the stock made a low of 595

Buy Renuka Sugars around 940 with stop 925 and when the stock made 970, and told to come out

Short India Info around 765 with stop 771 and the stock made 755

Market Outlook 01/04/08

After all the drama yesterday, nifty may again move above 4740 resistance and will try to hit 4800 on the upper side, where it will face first resistance and selling might also come there and if nifty able to cross this resistance it might try for 4850 very very strong resistance area where selling might come heavily.For today, stay long if nifty stays above 4740 and short if falls below 4740.Again an interesting day ahead and today's closing will be very important.It will be better for the market if nifty slides and test 4500-4600 level again in coming day's before making a big upmove.

Stock watch for the day:

PFC (162):Short this stock at high with stop loss at 173 for targets 161-156.