Intraday call performance 30/05/08

Nifty started from where it left yesterday without breaking the support given at 4790 and made a high of 4909 and as expected, selling came at higher levels again and closing was little better than yesterday's.Morning session was very dull with market waiting for inflation numbers and after 12, much movement was seen in the market.

Stock watch for the day:

Satyam : This was given a buy call today for target 535 and stock just made a high of 529 and then came down

Following calls were given in yahoo messenger for clients:

Weekend with huge profits for all my clients

Short Nifty Futures around 4910 with stop 4930 and when it made 4870 gave call to exit.

Buy CESC around 486 with stop 483.5 and it made 490 and then hit the smal stop loss

Buy RCom around 573 with stop 571 and it made 583

Short IFCI at 64.6 wuit stop 65 and when it made 61.3, gave cover order.

Short State Bank of India around 1465 with stop 1475 and it made 1435

Short Infosys around 1910 with stop 1920 and it made just 1899 and then went up to hit the stop loss

Short Cairns at 291 with stop loss 294 and it made 284

Short CESC at 487 with stop loss 490 and it made 480

Market Outlook 30/05/08

After managing to trade above 4900 for most part of the day, nifty just crashed in the last hour as there were FIIs selling heavily and nifty then touched 4800 and then moved up again and for today nifty has hurdle around 4900 and if breaks this it may try for 4930 and then 4960 testing will be on again.As long as nifty is holding its support at 4790, there is no much panic in the market for sure.But higher levels will exert pressure again.Inflation figures may set the trend today.As told, Nifty has final support at 4790 on downside and if breaks below that straight support at 4740-4700 only.

Stock watch for the day:

Satyam (524): Buy this with stop loss 519 for target 534-545.If slides below 519, it is not a buy.

Intraday call performance 29/05/08

Nifty was above 4900 today for most part of the day and it made a high of 4957 well below my strong resistance given today at 4970 and as expected selling came there and then in the last hour of trading drama unfolded and nifty broke all suports and hit 4800 staright !! and closed well below 4900 and this was the most fearsome exiry day we have seen in recent days.

Following calls were given in yahoo messenger for clients:

Superb day of profits for all my clients

Buy Nifty Futures around 5925 with stop 5900 and when it was struggling around 4936, gave the covering order at 4935

Short Nifty Futures around 4950 with stop 4971 and when it made 4880, told to come out in profit and to be on sidelines to avoid last hour of volatile tarding.

Buy LITL around 508 with stop 503 and it made 516 and then small stop loss hit

Buy ZEE 235 with stop 232.5 for target 240 and it made 239

Buy Bombay Dyeing around 930 with stop 927 and it made 936 and then hit small stop loss

Short HDIL around 760 with stop 763 and when it made 735, told to cover the profits

Short Tisco around 920 with stop 928 and when it made 894, told to cover the profits

Buy Satyam around 525 with stop loss 522 and it made 533 and told to cover the profits

Market Outlook 29/05/08

Due to crude oil slide and IT stocks surge, market went up in the last hour yesterday and took nifty above 4900 to close in positive zone and there might also be a gap up opening today and today being expiry day one can expect lots of volatility in the market and higher level selling also will be there.So, for today nifty above 4930 will shoot to 4970 and if breaks this level only further buying might come to take nifty towards 5015 big resistance or else selling might emerge again around this 4970.On downside, 4890 will be support for today and if breaks this then move towards 4840 is on again.

Stock watch for the day:

Todays call only for clients

Intraday call perfromance 28/05/08

As expected and told here today, nifty just make 4836 and then buying came heavily to take nifty to a high of 4927 and placed in crucial point during expiry.This pull back was expected and told you all here.

Stock watch for the day:

ITC: This was given a buy with stop loss 204 for target 217 and it zoomed to 223 intraday

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4885 stop 4910 and it made 4845

Short Bombay Dyeing around 882 with stop 886 and it made 875 and then hit the stop loss

Short Praj Industries around 191 with stop 193.2 for 185 and it made 185.9

Short Tisco around 872 stop 876 for 860 and it made 860

Short Maharashtra Seamless around 322 with stop 325.3 and it made just 220 and then told to close position at 220.4

Short Bombay Dyeing around 878 with stop 882 and it amde just 874 and then stop hit

Market Outlook 28/05/08

Nifty again slided in the last hour and closed near to one more support at 4840 and for today buying might come from lower level and one must be cautious at lower levels.Now that only 2 day's left for expiry.So, there may be lots of volatility in the market and again closing of today is very important and also closing of tomorrow.For today, nifty above 4885, wil test 4930 and if breaks this level allround buying may come or else this level will exert pressure again and on downside, 4840 wil act as suport for today and if breaks this level, then 4800-4790 will be very strong supports to watch out for.

Stock watch for the day:

ITC (209): Buy this at lower levels with stop 204 for target 214-217 and if sldies below 204, it is not a buy

Intraday Call performance 27/05/08

Nifty as expected took support at 4860 in the morning session and went past 4900 to make a high of 4932 and faced selling at this higher levels and started sliding heavily in the late afternoon session and made low of 4846 thus protecting one more support given at 4840.Strangely the trading volume is low and also sliding is also very slow these day's.This week expiry will bring in lots of volatility now.

Stock watch for the day:

Tisco:This was given a short call below 885 for target 860 and today in the morning session, it made a high of 889 and then once started sliding below 885, it hit 853 low.

Following calls were given in yahoo messenger for clients:

Once again a big profit day for all my clients.!

Buy Nifty Futures at 4900 with stop 4880 and when it made 4915, told to cover position

Short Nifty Futures around 4920 with stop 4935 and when it made 4865, told to cover the position

Short Tisco at 882 stop 885.2 and it made 853

Short Bombay Dyeing around 942 stop 946 and it made 875

Short Bank of India around 316 stop 320 and it made 302

Short Tata Elexi around 203 stop 205 and it made 197

Market Outlook 27/05/08

Market is slowly breaking down and yesterday nifty as told did take support at 4860 and moved above 4900 also, but last hour selling bought it down and nifty had to close around that support and for today, break of 4860 will take to 4840 and then 4790 is the strong support on downside.Above 4860, nifty will again try for 4900 first and then 4920 where heavy selling might emerge again.Due to expiry, be carefull in short positions as market may rebounce any time.Till expiry, market movements will be on operators hand now.Interestingly, trading volumes are also low compared to previous trading session and looks like they are definitely setting up things for big expiry

Stock watch for the day:

Tisco (874): Watch this stock at higher levels and if not able to cross 885, short it for target 860-845.

Intraday call performance 26/05/08

As told here, nifty took exact support around 4860 and then slowly moved up above 4900 and even then market doesn't look very comfortable around these levels as nifty still closed well below 4900.

Following calls were given in yahoo messenger for clients:

Superb profits for all my clients today

Short Nifty Futures around 4915 stop loss 4940 made 4874 and gave cover order

Buy Tata Elexi around 193 with stop loss 190 and it made 208

Short Bank of India around 320 with stop loss 325 and it made jusr 317 and then hit the stop loss

Short LITL around 500 with stop 506 and it made 497 and then hit stop loss

Short Cairns around 312 with stop 316 and it made 300

Short Bombay Dyeing around 973 with stop 976 and it made 922

Short Axis Bank around 782 stop 786 and it made 760

Market Outlook 26/05/08

After breaking 5000, nifty directly made a low of 4940 and now near to big support at 4900 and this support will hold some meaning only if there is no gap down opening and if there is gap down opening below 4900, then 4860 will be very big support and there maybe heavy buying also later on if this support is not broken down and if bears hold on to low levels till the end of the day it's bad for the market.There seems to be some manipulation going on for expiry this week.For intraday, below 4900 support is only at 4860, which has be watched out and above 4900, nifty will test 4970 again and if breaks that level then we might see 5025 again which will act as big resistance again.So, watch out for a volatile and interesting day today.

Stock watch for the day:

Todays call only for clients

Intraday Call performance 23/05/08

Though nifty was trading well above 5000 in the morining session, things suddenly changed after inflation results came in and once it broke 5000, it was all round selling and surprisingly for everyone it even broke 4970 strong support today itself and made a low of 4940.Though selling was expected today at higher end, no one imagined it to be this severe.

Stock watch for the day:

RCom: This was given a buy call for target 595 and it reached exactly 595 and crashed later on.

Following calls were given in yahoo messenger for clients:

A very good day of great profits for my clients today

Buy Nifty Futures around 5025 with stop 5010 and it made just 5035 and then hit the small stop loss

Short Bank of India around 332 stop 335 and when it made 325, told to cover the position

Short Cairns around 320 with stop 326 and it made 308

Buy SBI at 1606 with stop 1600 and it made 1620

Short SBI below 1600 for taregt 1575 and it made 1564

Buy Bombay Dyeing around 970 with stop loss 962 and it made 1008

Buy Reliance Capital at 1405 stop 1390 and it made 1425

Short RCom around 593 with stop 600 and it made 569

Buy Reliance Capital around 1384 with stop 1374 and it just made 1395 and then small stop hit

Market Outlook 23/05/08

As expected and told nifty tested 5000 and bounced back and now if nifty stays above 5000, it will first test 5070 and if crosses then 5120 resistance, where some selling might emerge again.so, for today 5070 and 5120 are crucial ressitances and on downside below 5000, 4970 will be very strong support and very very difficult to break this today.Moreover, today being last day of the week and announcement of inflation numbers might also bring in volatility in the market.

Stock watch for the day:

RCom (586): Buy this stock in dips with stop loss 578 for target 590-595.Below 578, it is not a buy.

Intraday Call performance 22/05/08

As expected and told here, nifty crashed and tested 5000 strongly but not 4970 support and to test and break 4970 it might need one more big fall in DOW today.Let's see how the things will unfold here onwards.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5030 with stop loss 5045 and it made 5020 and told to cover position between 5020-5030.

Short Nifty Futures around 5055 with stop loss 5075 and when it made 5020, told to cover the position

Short Nifty Futures around 5015 for 4990 target and nifty made just 5000

Short HDIL around 801 with stop 807 and it made just 798 and then hit the small stop loss

Buy Praj Industries around 213 with stop 209 and it made 222


Buy Tisco around 908 with stop 900 and it made 920

Buy Punjab LLoyd around 339 with stop 333 and it made 347

Short Cairns around 332 with stop loss 340.5 and it made 318

Short Yes Bank around 164 with stop 166 and it made 161

Market Outlook 22/05/08

Even though nifty recovered from low, movement was not satisfactory and also it just closed above 5100 and for today we can expect another round of selling and nifty might well test 5050-5000 today.Above 5100, 5140 will be very big resistance for today and if crosses final hurdle will be at 5190-which is impossible today.There maybe a gap down opening today also or else expect selling to come severely around 5130 level.Downside, very very strong support exists at 4970 level.Watch out volatile trading day today on downside.Moreover, even U.S markets closed 200 points down yesterday and will also impact indian market today and looks like DOW has enterd bearish phase again as it broke down important supports.

Stock watch for the day:

Stock watch for the day

Intraday call performance 21/05/08

Though nifty opened weak today, it recovered later to close above 5100 and now again 5190 factor might come and nifty will be very bullish only above this level of 5190 and slowly expiry things are setting up now.It will be interesting tos ee tomorrow's market and may be Dow factor also will come into play for tomorrow's market movements.

Stock watch for the day:

Punjab Lloyd: This was given a sell call for target 334 and the stock first raeched its target at 334 and then zoomed to make a high of 355 and close at 352

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5080 with stop 5100 and it made 5056

Short Nifty Futures around 5125 with stop 5140 and it made just 5106

Short Tisco around 902 with stop 911 for 890 and it made 889

Buy Adlabs around 716 with stop 707 and it made 734

Buy Sasken Communications at 168 stop 166 and it made 170 and then gave call at 169.5

Short RCom around 595 stop 601 and it made just 590 and then hit the small stop loss

Short Punjab Lloyd around 347 with stop 350.2 and it made just 344 and then hit the stop loss

Market Outlook 21/05/08

Nifty ended the day with bearish note and selling may also well continue today also.There may be gap down opening also today, so watch out.Nifty below 5100 will remain weak and will test 5040 downside support and if breaks this support, then only strong support is at 4970.Yesterday U.S markets also closed in red and this will also effect indian market now and next week expiry also will bring in lot of volatility here for sure.Even global cues are not positive added with raising crude problems, which is definitely a big concern now.

Stock watch for the day:

Punjab Lloyd (340): Short this stock on raise with stop loss 350 for targets 334-326

Intraday call performance 20/05/08

As expecetd, nifty faceed selling at higher levels and couldn't cross 5190 hurdle and straight away came down below 5100 and closing was also weak now.Expiry things are setting up now and can be claerlys een by the market movements.

Stock watch for the day:

RCom: This was given a buy call with stop loss 588 for target 615 and it made a low of 590 and high of 610

Following calls were given in yahoo messenger for clients:

It was a good trading day for clients

Buy Nifty Futures at 5112 with small stop at 5100 and it could make only 5130

Buy Nifty Futures around 5180 with stop 5160 for target 5100 and it made 5095

Buy ICICI Bank around 929 with stop 924 and it made 932 and when it came down, told to cover at 929

Buy RCom at 592 with stop 588 and it made 608

Short Punjab Lloyd arround 353 with stop 356.5 and it made 337

Short Tisco around 907 with stop 910.5 and it made 887

Buy Bombay Dyeing around 972 stop 966 and when it amde 984, gave cover order

Market Outlook 20/05/08

After 3 day's holiday's market will open today and final test will be 5190 and above that market will be very bullish now and if nifty fails to cross 5190, there might be some profit booking today.World market clues are also positive inspite of raising oil and indian market also expected to go up, but caution is required to see how it reacts at higher levels as profit booking also might come at higher levels.For today, if nifty gets past 5190, it will move towards 5220-5240 level where selling might come and if nifty failes to break 5190, 5100 will be tested again today.

Stock watch for the day:

RCom: Buy this stock in small dips with stop loss 588 for target 615-625

Intraday call performance 16/05/08

As expected and told here, nifty was bullish today, but still not able to cross the final hurdle at 5190 as it made a high of 5167 and closed around 5160 level and monday being a trading holiday, interesting to see market movements on tuesday.

Stock watch for the day:

IFCI:This was given a buy call with stop loss 62 for target 64 and the stock amde a high of 63.75 and low recorded was 62.3

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5140 with stop 5165 and it made 5100

Short Nifty Futures around 5145 with stop 5165 and it made 5105 and told to cover the position.

Buy TCS around 975 with stop 969 and it made 983 and then hit the stop loss

Short Tisco around 886 with stop 992 for target 875 and it made 876

Buy Renuka Sugars around 134.8 with stop 133.75 and stop loss hit

Short Tisco again near 888 with stop 890 and it made 882 and the hit the small stop loss

Market Outlook 16/05/08

The market is seeing positive sentiment and seems to be discounting all negative news as Nifty managed to close above 5100 yesterday with reliance indutries leading the pack and now facing a very crucial big resistance at 5190 and if gets past it, then nifty might move to 5400-5500 staright and if not may come down.For today, nifty above 5100 the crucial resistance will be at 5190 only and selling might emerge there and 5100 might be tested and on lower side nifty below 5100 there is a supper support at 5050 which is a very strong support now.Mondays trading holiday also may bring in some selling in the final hour of trading today.

Stock watch for the day:

IFCI (63): Buy this at dips with stop loss 62 for target 64-65

Intraday Call performance 15/05/08

As told here, nifty was bullish whole day today and closing was even impressive by closing above 5100 and teh only resistance nifty will have next is 5190 big resistance and interesting to see where it is headed now.

Stock watch for the day:

RPL: This was given a buy call with stop loss 179.5 for target 189 and it made a high of 188 and low was 183

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5080 with stop 5100 and it made 5054 and told to cover there.

Short Nifty Futures around 5080 with stop 5090 and it made 5063

Short Tisco around 905 with stop 920 and it made 875

Buy Orchids around 281 with stop 278 and it made 283 and then hit the stop loss

Buy J.P Associates around 263 with stop 259 and it made 267

Buy Orchids around 280 with stop 276 and it made 284 and then hit the stop loss

Short Bombay Dyeing at 917 with stop 922 and it made 911 and then hit the small stop loss

Market Outlook 15/05/08

Nifty again managed to maintain 4900 support and came up breaking 5000 and closing above it and for today, if nifty stays above 5000 it will first hit 5050 and crossover will straightaway test 5100-5115 resistance where again selling might emerge.The only very strong resistance for nifty is 5190.If nifty breaks 5000, again testing of 4950 and 4900 is possible.But for today, sentiments are looking good and market is looking bullish for the day.

Stock watch for the day:

RPL(184) :Buy this on small dips with stop 179.5 for target 189-192

Intraday Call performance 14/05/08

Even though nifty opened low, it recovered in the last hour of trading and closed above 5000 and tomorrow will be interesting to see whether it can test 5100 or come down below 5000 again.It seems like artificial pull up.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4985 with stop 5000 for 4950 and it made 4952

Short Nifty Futures around 5010 with stop 5025 and it made just 5000 and then hit the small stop loss

Short Cairns around 285 with stop 287 and it made 280 and then hit the small stop loss

Short Reliance industries around 2530 with stop 2542 and it made 2511

Short Bharti around 833 with stop 841 and it made just 830 and then hit the stop loss

Short Praj Indiustries at 197 with stop 198.5 and it made 195.5 and then hit the small stop loss

Market Outlook 14/05/08

So, market crashed after making initial highs and today also it might be the same story as the market sentiments are still not good and weak as the markets are continuously facing selling pressure at higher levels and one may see testing of 4900 today and break will take it to 4860.Above 4950, nifty might test 5000 and if crosses then 5030 will be strong resistance for today.Market is not at all stable these days and also slow in going down and it is better if it breaks down to 4700 fast to get a decent entry again.

Stock watch for the day:

Todays call only for clients

Intraday call performance 13/05/08

Though nifty opened high, it couldn't cross 5100 strong resistance and came down and once it broke 4970 strong support it was allround selling which took nifty to low of 4943.As told here, yesterday's last hour buying was just short covering, which was clear today i believe.

Stock watch for the day:

Arvind Mills: This was given a buy call with stop loss 50 for target 53 and the stock made a high of 53.5 and then came down to make a low of 49.6

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5040 with stop 5020 and it made the exact target 5080

Buy Nifty Futures around 5020 with stop 5000 for target 5060 only if 5040 strong support is taken off and it made 5039 twice and then came down

Short Nifty when it goes to 5075 with stop 5100 and call not initialised and nifty crashed heavily

Buy ACC around 708 for target 720 and it made just 715

Buy Cairns around 282 with stop 279.5 and it made just 285 and then stop loss hit

Buy Suzlon around 280 for target 290 and it made 287.5

Short RCom at 560 stop 566 and gave cover order when it made 550

Market Outlook 13/05/08

So, nifty bounced back from lower opening as told here yesterday and now first crucial resistance would be 5050 and then next resistance is at 5100 and the most important and crucial resistance will be at 5190 and if nifty doesn't get past this, 4700-4800 target is sure and this may be just short covering in that case.Yesterday there was a lower opening and today there might be gap up opening and in that case some selling might come from higher levels.On downside, 4970 will be strong support for today.

Stock watch for the day:

Arvind Mills (51.3): Buy this with stop loss 50 for target 53-55

Intraday Call performance 12/05/08

Nifty broke 4970 and made a low of 4913 and closed above 5000 confusing traders.Now that support is broken, this upmove just looks like a short covering.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4940 with stop 4920 and when it made 4995, told to cover the position.

Short Nifty Futures around 4990 with stop 5015 and it made 4956

Buy RCom around 532 with stop 524 and it made 552

Short Suzlon around 276 with stop 276.5 and it made the exact first target at 266

Short Tisco around 830 with stop 834.5 for first target 820 and it made exact 820

Buy R-Power around 401 stop 397 and it made 413

Short ITC around 220.5 with stop 222.5 and the stop loss hit

Short LITL around 453 with stop 456 for first target 445 and it made just 447

Market Outlook 12/05/08

Nifty hit exact support on friday and bounced back a bit and this support is still a strong support and above this level nifty is still bullish only and interesting to see whether it gets broken today or not.Opening is very important and if there is low opening, market might pick up from there and above 4970 nifty will find it difficult to break 5050 resistance for sure and if breaks 5050, heavy buying might come.Below 4970 if nifty trades, it will turn out weak only.watch our 3 things today..opening..first 30 minutes and then closing.
Stock watch for the day:

Todays call only for clients

Intraday call performance 09/05/08

Market was in buy mode as expected in the morning but couldn't get past the stiff ressitance given at 5110 and came down and the moment it broke 5050, as told it directly came down to test 4970 strongest support but didnt break it and closed just around 5000 and monday's trading might be the deciding factor now.

Stock watch for the day:

IFCI :This was given a buy call with stop loss 59.6 for target 63 and the stock reached the target given 63 first and then came down to close at 59.1

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5075 with stop 5055 for first target 5110 and nifty could make just 5092 and then hit the stop loss.

Buy Nucleus Software around 280 with stop 276 and it made 283 and then hit the small stop loss

Short LITL around 515 with stop 521 and when it crashed to 465, gave cover order with huge profit

Buy Everon Systems around 856 with stop 850 and it zoomed to 875....very good profit

Buy Bombay Dyeing at 982 with stop 978 and it made 989 and then hit the small stop loss

Buy Welspun Gujarath around 405 with stop 402 and it made 409 and then hit the small stop loss

Market Outlook 09/05/08

High domestic inflation and rising crude prices remain a concern as markets are range bound and choppy all these day's showing uncertain moves.After market falling for 3 days, today it may raise taking 5050 as support and upper side 5110 will be first resistance and then 5150.Higher level selling might come today also, but 5050 might be protected for today and in any case if 5050 gets broken its bad for the market and below 5050, the only strong support is at 4970.These day's markets are not moving much and manipulators are setting up another game here and probably on higher side.

Stock watch for the day:

IFCI (60.85): Pick this stock in small dips with stop loss 59.6 for target 62-63

Intraday call performance 08/05/08

Nifty finally broke 5100, but couldn't break 5050 support with boring moves most part of the day and closed just around 5100 again.Tomorrow being last day of the week, it's interesting to see further market movements now.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5085 with stop 5070 and it made 5111

Buy J.P.Associates around 266 stop 263.5 and it could just make 270.6

Buy Patni around 278 with stop 276 and it made just 279.5 and then the hit small stop loss

Buy Bajaj Hindustan around 229 with stop 224 and it made 237

Short Orchid around 242 with stop 245.5 and it made 240.3

Buy Cairns around 278 with stop 275.5 and it made just 283.5

Market Outlook 08/05/08

Nifty is still saving 5100 and today is an important day of trading as far as the further trend to be decided.Today's inflation figures also might effect the market to some extent.Nifty is expected to test 5100 support again today and if breaks this support level then 5050 support testing is on cards.Above 5100 nifty is moving towards first resistance at 5165 and if crosses that 5185 is again a very tough resistance to cross today.

Stock watch for the day:

Today's call only for clients

Intraday call performance 07/05/08

Market was more on the lower side today and even after breaking yesterday's low, didn't go down much and closed just below yesterday's close.As said, it looks more of a consolidation for upmove again.

Stock watch for the day:

J.P Associates: This was given a short call with stop loss 285 for target 266 and the stock made a high of 277 and low of 264

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5130 with stop 5110 and when it made 5160, gave cover order

Buy Nifty Futures around 5120 with stop 5110 and gave cover order at same price later on

Short Nifty Futures at 5120 with stop 5130 and it just made 5115 and the stop loss hit

Buy Reliance Power around 403 with stop 399.8 and it made 414

Short Bajaj Hindustan around 233 with stop 236.5 for target 225 and it made 226

Buy IRB Infra at 210 with stop 208 and it made 212 and when it came down later, gave cover order at 210

Short India Info at 923 with stop 928 and small stop loss hit

Market Outlook 07/05/08

Market witnessed heavy selling yesterday and it looked more of a consolidation for another upmove.For today if nifty moves above 5190 it will try for 5230 first and then 5260 tough resistance.If nifty breaks 5110, it will test 5060-5050 support range.Overall next 2 days are very important for the market trend.

Stock watch for the day:

J.P Associates (272): Short this at higher levels with stop loss 285 for target 266-262

Intraday Call performance 06/05/08

Market opened weak as expected and nifty lost another 40 points when nifty broke 5150 and made a low of 5110.Now, next two day's market is very important and also will be interesting as it will definitely show further market direction

Stock watch for the day:

Sail : This was given a sell call with stop loss 180 for target 176 and the stock made a high of 186 and low of 177

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5200 with stop 5215 and when it made 5140, gave exit call

Short Praj Industries around 205 with stop 208.5 and it made 192

Short RNRL around 121 with stop 122.5 for target 117 and it could only make 118 and the hit the small stop loss

Buy Omax Limited at 239 with stop 236.5 and it made just 241.3 and then hit the small stop loss

Buy DLF around 681 with stop 678.5 and it made just 684.3 and then hit the small stop loss

Market Outlook 06/05/08

Today market may face selling if starts trading below 5190 and above 5190, market is good.Yesterday Dow closed 90 points down and indian market also might open low and expected to recover in the late afternoon session.Below 5190, nifty will test strong support at 5150 and above 5190, nifty will face strong resistance around 5240-5250 range today.

Stock watch for the day:

SAIL (182): Sell this stock at higher level with stop loss 190 for target 180-176

Intraday call performance 05/05/08

Nifty was positive as long as it was above 5190, but nifty couldn't cross the crucial resistance mentioned at 5270 and it just made a high of 5254 and then came down heavily to break even the support at 5190 and made a low of 5182 and then closed just around support area at 5192 and tomorrow's market should be interesting now.

Stock watch for the day:

Tisco: This was given a sell call with stop loss 825 for the target 785 and it made a high of 813 and low was 786

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5220 with stop 5200 and it made 5255 and told to come out

Short Nifty Futures around 5270 with stop 5290 and told to cover at 5230

Buy NIfty Futures around 5225 with stop 5210 and gave covering order around 5240

Short ICICI Bank around 955 with stop 962 for target 936 and then 924 and it made 925

Short R-Power around 402 with stop 405 and it made 398 and then hit the stop loss

Short Tisco around 793 with stop 797 and it made 787 and then hit the stop loss

Short R-Power around 406 with stop 410 and it came down to 399

Buy Adlabs around 776 with small stop 773 for target 785 and it just made 783

Market Outlook 05/05/08

Market again looking bullish only above 5190 and if nifty crosses 5270, one more heavy move might come.Below 5270 nifty might test 5200 and then 5190 and if it breaks 5190, there might be selling of some points for sure.Dow has also closed positive and looks to be consolidating above 13000 and this is a good sign for the market.

Stock watch for the day:

Tisco (797): Wath this stock at higher levels and short it near 810-815 with stop loss 825 for target 800-785

Intraday call performance 02/05/08

As expected and told here, Nifty opened gap up and faced resistance around 5300 and came down and closed very strong at 5228 and if there is no bad news coming in next 2 day's market will zoom again on monday.

Stock watch for the day:

Praj Industries: This was given a buy call with stop loss 190 for the target 212 and the stock reached the target making high of 217 and the low recorded was 200

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5230 with stop 5210 and when it made 5240, told to cover position

Short Nifty Futures around 5260 with stop 5280 and when it made 5225, told to cover the position

Buy Nifty Futures around 5220 with stop 5200 and it made 5249 and target given was 5250

Short MTNL around 114 with stop 115.8 for target 110 and the stock made 111.4

Buy LITL around 533 with stop 527 for first target 546 and it made 545

Short LITL around 530 with stop 533.5 for first target 515 and told to come out at 527

Short Bombay Dyeing around 1035 with stop 1046 and it made 1021 and then hit the stop loss

Market Outlook 02/05/08

As told on wednesday that indian market is going to take clue from world market today, nifty will go up and there might be a big gap up opening also.Nifty above 5190 will directly test 5245 and then straight test of 5315 is also possible.If nifty remains below 5190, it will remain weak (but possiblity of this is very remote).It is a bull market today above 5190 and just watch the bullish moves.There might be gap up opening today..watch out...!

Stock watch for the day:

Praj Industries (198): Buy this stock with stop loss 190 for target 206-212.