Intraday call performance 30/06/08

Downward journey continues....

Nifty opened weak today as expected and continued its downward journey and once it broke its support at 4110, it was allround selling which took nifty to make a low of 4022.Nifty is near to all time support of 4000 and if this support is broken, market will be in total darkness.If crude reduces and dow improves a bit, nifty might pick up from here.Reliance Industries, Bombay Dyeing, Acc, oil & gas stocks were all pulling down the index today.

Following calls were given in yahoo messenger for clients:

Clients enjoyed good profits today also

Short Nifty Futures at 4105 with stop 4115 and it made 4050

Buy Nifty Futures at 4010 range with stop 4394 and stop loss hit

Short Bombay Dyeing around 635 with stop 643 and it made 575....HUGE PROFIT

Short RCom around 472 with stop loss 475.5 and it made 433....HUGE PROFIT

Buy Bank of India around 228 with stop loss 225 for the target 236 and it made just 231.4 and then stop loss hit

Short LITL around 303 with stop loss 306 and it made 278....HUGE PROFIT

Buy Reliance Capital around 952 with small stop loss at 947 and it made just 957 and then stop loss hit

Market Outlook 30/06/08

Today's closing is important for the market

Market have broken all supports and even though looks bearish, it is oversold and just needs a trigger to zoom on the upper side and is on the verge of producing a bullish upside "breakout" from this trading range.Global cues are not helping the market as crude oil factor is the main cause for all these trouble all over.Crude has closed at $140.54 a barrel and crude imports will cost the United States approximately $700 million per day and DOW also plunged by 107 points on friday to close at 11,346."Record oil prices are inflated by speculation and not justified by market fundamentals," according to Gheit. "Based on supply and demand fundamentals, crude-oil prices should not be above $60 per barrel.When crude starts crashing down, whole world market will enter into a bullish mode again.It is just a matter of time now as we are nearing or almost at the point of getting into long term bullish mode.For today, nifty above 4145 may test 4190 where selling might emerge again heavily.On downside 4110 seems to be good support for today and if breaks that nifty will directly fal to 4060 first support and then straight to 4000 big support. If market opens low, buying will come at lower levels.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 27/06/08

Total panic in the market....

Global weekness made nifty open below very important support of 4190 and once it broke 4190, it was total panic in the market though nifty recoverd a bit in the afternoon session, it came down heavily later on to make a low of 4119 and unless global situation improves, nifty is heading for 4000 now.In the charts, markets are oversold, but for the market to recover global cues and many negative factors like political situation is not supporting.Crude oil is the main culprit here trading at $140 and if the situation improves a bit here, nifty might again pick up.Inflation for the week ended June 14 has risen further at 11.42% as against 11.05% in earlier week and inflation may well reach 14% if crude oil doesn't improve from here.

Stock watch for the day:

RCom: This was given a sell call with stop loss 515 for target 475 and it made 465

Following calls were given in yahoo messenger for clients:

It was a terrific day of huge profits for all my clients as all calls hit huge targets today

Buy Nifty Futures around 4080 with stop 4058 and it zoomed to 4160

Buy Nifty Futures around 4100 with stop loss 4080 and it hit the stop loss

Short Hind Oil around 135 with stop loss 138.4 and it made 128

Buy Sail around 147 with stop loss 145 for target 152 and it made 150.6

Buy SBI around 1165 with stop loss 1150 for 1200 and it zoomed to 1190

Buy LITL around 307 with stop loss 304 and it made 317

Buy RCom around 465 with stop loss 460 and it made 483

Short Tisco at 780 with stop 786 and it made 736 and gave covering order

Buy Tisco at 722 with stop 717 and it made 735

Market Outlook 27/06/08

Market facing tougher situations....

Though expiry got over yesterday and made nifty close above 4300 , it was just a roll over effect and real trading will start from today again and now all the global cues are negative and overthat, nifty is facing a very very strong hurdle at 4350-4370 range which holds very very important for now and trading below this level nifty will not be stable for sure.All Asia, Europe and U.S markets are trading in red and its just a matter of time now for indian market also react to this.Oil futures shot past $140 after the head of OPEC President Chakib Khelil was quoted as telling a French television station that oil could rise to between $150 and $170 per barrel this summer before pulling back later in the year and Libya said it may cut oil production.The dollar was mixed against other major currencies, while the price of gold jumped.Sweet crude went as high as $140.39 and to a record settlement of $139.64 on the New York Mercantile Exchange.The Dow dropped 358.41 points, more than 3 % to close at 11,453.42 - its lowest finish since Sept. 11, 2006. For today, if nifty moves above 4330 it will test 4350 and further upside is difficult and even if gets past 4350 also 4370 hurdle is major one for today and break below 4300, nifty will have support at 4260 first and then 4220 and lastly 4190 and if breaks that-TOTAL PANIC IN THE MARKET. If market opens gap down, be cautious at lower support area as nifty might pull up again and if there is gap up opening, definite selling will come today at higher level.Watch the levels of supports and resistances today.Market doesn't seem to be settling down fast because of the global factors and also because of indian political situation.Inflation figures are expected to be high again and it may also effect in recovery.

Stock watch for the day:

RCom (496): Short this stock at higher range with stop loss 515.5 for lower target 485 and 475

Intraday Call performance 26/06/08

Amidst expiry volatility market ended positive

Market was too volatile as told here and even tested strong support of 4220 by maing a low of 4230 and then expiry effect took place to take nifty above 4300, making a high of 4325 and closing above 4300 showing bullish signs and 4370 wil be the final resistance and if crosses that nifty may fire towards 4500 staright..! Indian market was trading against europian market which was trading weak.Reliance Industries took the market up today along with I.T sectors like Infosys, wipro etc.

Stock watch for the day:

NTPC: This was given a sell call with stop loss 165 for lower target 148 and stock made a high of 159.5 and low was 150

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge volatility making good profits today

Short Nifty Futures around 4300 with stop 4330 and stock made only 4285 and made a low of 4255

Buy Nifty Futures around 4240 with stop 4225 and it zoomed to 4280

Short ONGC around 872 with stop 881 and it made just 863 and then stop loss hit

Short ONGC around 891 with stop 897 and it made 864....good profit

Short Hind Oil around 133 with stop 135.5 for 128 and it made 128....good profit

Buy Reliance Capital around 985 with stop 978 and it made 1004....good profit

Buy Punjab Lloyd around 232 with stop 228 for 238 and when it made 236, told to cover the position....average profit

Short RCom around 495 with stop 500.5 and it made 493 and then hit the small stop loss

Short Punjab Lloyd at 235.3 with stop 236.2 and it made 230....good profit

Market Outlook 26/06/08

Global cues positive but expiry will show volatility

Market as expected opened weak yesterday by making low just below 4100 and picked up from there to climb above 4200 to close around 4250 and now Federal Reserve left interest rates unchanged and The Dow Jones industrial average closed up 4.40, or 0.04 percent, to 11,811.83, after rising more than 100 points shortly after the Fed announcement.Crude oil fell $2.45 to $134.55 a barrel on the New York Mercantile Exchange. Gold prices also slid, while the dollar weakened against most other major currencies.Wit these positive global cues and also nuclear deal being potponed indian market may continue moving upwards and nifty above 4260 will hit 4310 first and if breaks that, then final big resistamnce will be in the range of 4350-4370 where heavy selling might come and today also being expiry day, one has to be cautious at higher levels.On downside, nifty has strong support at 4220 and if break of that may take nifty towards 4190 and then 4155 support.

Stock watch for the day:

NTPC (157): Short this stock at higher levels with stop loss 165 for trget 153-148

Intraday call performance 25/06/08

Huge buying at lower levels

Market started weak and as expected and told here, buying came in and gained power later on crossing even 4220 and made high around my resistance level given at 4260.Market was very volatile today as expected to be.Today evening's nuclear deal decision also will hold more importance now along with expiry volatility of tomorrow.Heavy manipulation in Reliance stocks also was clearly visible today and as told to my clients early morning that nifty target 4300+ in this expiry is almost on the right path now.

Following calls were given in yahoo messenger for clients:

Good day of decent profits for all my clients

Short Nifty Futures around 4185 with stop 4195 and it made 4157

Short Nifty Futures now at 4210 with small stop 4222 and stop loss hit

Short Punjab Lloyd around 232 with stop 235.2 and it made just 228 and hit the stop loss

Short Renuka Sugars around 106 with stop 107.2 for target 102 and it made 103.3 and then hit the small stop loss

Short Reliance Capital around 980 with stop 991 for 955 and it made 958

Short RCom at 480 with stop 486 for target 468 and it made just 473

Short ICICI Bank around 705 with stop 712 for target 685 and it made 688

Short ONGC around 874 with stop 880 for target 855 and it made 856

Market Outlook 25/06/08

Market to witness volatile day of trading today

Yesterday market picked up exactly from where it left and in the later part lost heavily breaking important support again at 4220 and made a low of 4156 near to support at 4150 and then closed around 4200. For today, there might be panic downside opening also and if nifty opens around 4100-4150, don't short blidly as first 30 minutes of trading is crucial and today all news based moves may be seen also.Crude oil prices rose 26 cents to settle at $137.00 a barrel on the New York Mercantile Exchange yesterday. RBI hikes REPO RATE by 50 BPS and CRR by 50 basis points and more important nuclear deal issue may bring in severe volatility in the market today.So, one should be very carefull in booking profits whenever it comes.If nifty breaks above 4220 it will move towards 4260 where heavy selling is expected again and below 4150, sentiments will turn out very weak and nifty may break to 4100 and next 4045 support area.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 24/06/08

Lower support broken again..!

Uncertainity in political situation, high inflation, crude oil surge, expiry effect all contributed to today's volatile trading and ending in deep RED in this years low and near to one more support at 4150. Stocks like ONGC, NTPC, Tata Steel were all pulling index down today.Tomorrow is big day for indian market and next 2 day's volatility might be huge and one should be very carefull as market can swing both directions and also market is also oversold and needs a strong pullback from low's.But, tomorrow if the government falls, impact of fall might be huge in the market.

Stock watch for the day:

Renuka :This was given a short call with stop loss 108.2 for target 100 and it made a high of 107 and low of 101

Following calls were given in yahoo messenger for clients:

Clients enjoyed the huge profits they got in my calls today....

Short Nifty Futures around 4325 with stop loss 4345 and nifty fell from 4310 to make a low of 4130

Short SBI around 1235 with stop 1252 and it made 1198 ....good Profit of 37 points.....

Short Relaince Capital around 960 with stop 970 and it made 920 ....huge Profit of 40 points.....

Short LITL near 355 with stop 358.5 and it made 328 ....huge Profit of 27points.....

Short Punab Lloyd around 232 stop 235 and it made 221.5 ....huge Profit of 12 points.....

Short RCom around 490 with stop 494 and it made 466 ....huge Profit of 24 points.....

Market Outlook 24/06/08

Yesterday's bottom holds the key for today....

Market bounced from 4225 yesterday and zoomed around 100 points and in the closing hours started sliding again to close around 4250 and for today, yesterday's low holds the key again and maybe 5-10 points below yesterday's low is also fine and below that nifty will try for 4150 support and if nifty moves above 4275, it will again move towards 4340 resistance where selling is expected today also and this volatility is expected to continue for the whole of this week.Disappointment that Saudi Arabia is not boosting production by more than 200,000 barrels a day sent oil prices higher, fanning concerns about inflation. Light, sweet crude rose $1.38 to settle at $136.74 per barrel on the New York Mercantile Exchange.Dow closed flat yesterday and Tomorrow's federal meeting and also indian political scenario on government survival will bring in more volatility to the market.So, intraday players are adviced to book profits whenever it comes.

Stock watch for the day:

Renuka Sugars (103): Short this at higher levels with stop loss 108.2 for lower target 100-96.Above 108, dont be on selling side as it is a very volatile stock.

Intraday call performance 23/06/08

Volatile day of market

Market opened weak as expected but was above 4300 surprisingly for about 45 minutes and then once started sliding below 4300, it was allround selling which took nifty towards 4200 as it made a low of 4225 and then buying came very heavily to lift nifty up with more than 100 points.Though Europian markets opened flat, it recovered a bit later on and at the closing bell nifty again started sliding below 4300 and closed around 4250.This volatility will continue for whole of this week because of so many factors around and main thing is of nuclear deal issue and government survival which will be known on wednesday and thursday is the expiry day. Oil, Pharma and Banking stocks contributed much into this downfall.

Stock watch for the day:

Polaris: This was given a sell call with stop loss 93 for target 86 and it made 86 with high at 91

Following calls were given in yahoo messenger for clients:

Good day of profits for clients

Buy Nifty Futures around 4220 with stop 4200 and it made 4275 and gave cover order

Short Nifty Futures around 4325 with stop 4340 and it made 4260

Buy Axis Bank around 676 with stop 670 and it hit exact support and then zoomed to 710

Short SBI around 1235 with stop 1252 and it made first target given at 1190

Short Axis Bank around 688 with stop 695 and when it made 680, gave cover order

Short Tisco at around 762 with stop 766 and it made 742

Short Axis Bank around 710 stop 713 and it made 691

Market Outlook 23/06/08

Low opening....Get ready for bottom fishing..!

All bad news are flowing in the market and the new addition is of the governemt falling news as left has already gone on record saying that they will withdraw its support to U.P.A government if the government decides to sign the nuclear deal .overthat, Mayawati has already withdrawn her support to the U.P.A government and there will be last minute adjutments now to save the government at this crucial pont. Dow has also closed deep down -220 on friday and crude oil closed near $135 a barrel on Friday.This expiry week will see more volatility because of all these news.Nifty broke all the supports on friday and all set to go down more now, as it is expected to open gap down-may be around 4200-4150 levels and tomorrow's bottom is very important and bottom fishing may also come tomorrow and if government doesn't fall, nifty might start picking up again towards 4700-4800 taking this bottom as base.For tomorrow, nifty below 5300 will target 5210 and then 4155 is one support on downside to watch out for.

Stock watch for the day:

Polaris (90): Short this stock with stop loss 93 for lower targets 86-84

Black monday for indian market..!

Where market is heading now..!

Already markets are crushed even though it is oversold as there seems to be more pressures of inflation and Government survival problems as it was evident in friday's crash and now nifty has already broken all supports and is near to 4300 and if at this stage government falls, where will nifty go....! Bahujan Samaj Party chief Mayawati has withdrawn her party's support to the Congress-led United Progressive Alliance government at the Centre.The BSP has 17 members in the Lok Sabha, which has an effective strength of 543. The UPA currently has the support of 220 members. The Left parties, which have 59 lawmakers as a block, extend outside support to the government. Dow fell more than 200 points yesterday and for india it will be a black monday and maybe with huge gap down....!
According to me, even if government falls here, timing also plays an important role and if the bad news comes of government fall when nifty is around 4200, impact might be too deep and nifty might see 3600-3500 straight and if th government survive for some more time and falls when nifty is at around 4800, then nifty might dip to 4000-3900 levels.
On otherway round, if government doesn't fall 4100-4000 level will be the bottom for this correction
and nice time to pick some good stocks also....
This week will be full of activity in political circles and in stock market, it is expiry effect....so, get ready for the action packed week......

Intraday call performance 20/06/08

Market in deep red

Today Nifty never raeched 4540 and staying below it in the morning session showing weekness and after the inflation figures came out showing the numbers in double digit-which no one imagined to be that high, market crashed breaking all the supports inbetween and made a low of 4333 and any move below this level might take nifty towards 4200 first.Rumours of left withdrawing support and P.M resigning news was too bad for the market and this will have a deep impact on the market if government falls.Coming days will witness lots of poltical activities and moreover expiry is nearing and lots of volatility also can be witnessed in the market.

Stock watch for the day:

Cairns: This was given a short call with stop loss 286 for target 276 and the stock crashed to 263

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4445 with stop 4425 and it made 4468 and told to cover te position

Buy Tisco at 809 with stop 800 and it made just 817 and then came down crashing to hit the stop loss

Buy Cairns around 275 with stop 272.8 and it made 278 and then hit the stop loss

Short Bombay Dyeing around 696 with stop 701 for target 684 and it made 693 and hit the small stop loss

Buy HDIL around 538 with stop 534 and it made 544 and told to cover position

Market Outlook 20/06/08

Market struggling to find the trend ....

Market is at the edge of the support and still there maynot be much downside today also.Crude oil futures fell $4.75 to settle at $131.93 per barrel on the New York Mercantile Exchange after China disclosed plans to raise prices for gasoline and diesel fuel by 16 percent and 18 percent, respectively.While this is some positive news for the market, left has come openly saying that they will withdraw support to the central government after government decided to go ahead with nuclear deal with U.S and this news is negative for the market.Hence market is struggling to find the trend with positives and negatives.Today, even if market takes support around 4480-4490 and moves up, upper level will exert pressure again.Nifty will face first strong resistance around 4540 and above that 4585 will be very tough resistance for today.Below 4480, nifty may fall directly to 4440 support area.Banking stocks will be in the limelight today also.Inflation figures are expected today and there are chances of market trading flat after initial moves till the inflation figures come.
Prime Minister has commented today that he will resign if nuclear deal fails and this seems to be getting hotter day by day now and if left withdraws its support and government falls, there might be a huge crack in the market....watch out...government should stay for market recovery....

Stock watch for the day:

Cairns (284): If cairns remain below 286, short it for target 276 and if moves above 286 it is not a short.

Intraday call performance 19/06/08

Market in negative range..!

It was selling at opening bell for nifty today and as the time passed on, it even tested its strong support for the day at 4490, but could not break it convincigly and closed around 4500 in negative range.Europian markets also started trading weak today and along with this left front threat of withdrawing from the United Progressive Alliance on ongoing nuclear deal program also effected market sentiments today.Tomorrow if market breaks 4490, nifty will fall directly to 4440 suport area which again holds an important area now.Today also banking sectors like S.B.I, ICICI , HDFC, AXIS were pulling down the market to large extent.

Stock watch for the day:

IFCI: This was given a sell call with stop loss 57 for target 53 and the high was 56 and low recorded was 53.65

Following calls were given in yahoo messenger for clients:

Clients enjoyed very good profit day today also

Buy Nifty Futures around 4500 with stop 4480 and when it made 4522, told to cover position

Short IFCI around 55.5 with stop 56.2 and the stock slided to 54.2

Short Sasken Communications around 164 with stop loss 165.5 and it made 153 as target was given at 152.5

Short ITC around 204 with stop 205 and it hit the small stop loss

Short Axis Bank around 727 with stop 732 and it made 712

Market Outlook 19/06/08

Another round of selling to come now....

Market witnessed heavy selling yesterday and closed in red and selling expected to continue today also from higher levels.The Dow fell 131.24, to 12,029.06.The Dow Jones industrial average finished down more than 130 points, after briefly dipping below the 12,000 mark for the first time since mid-March. Light, sweet crude rose $2.67 to $136.68 a barrel on the New York Mercantile Exchange after the Energy Department said the nation's crude oil stockpiles fell less than expected last week but that gasoline supplies declined.The dollar was mixed against other major currencies, while gold prices rose.For today, nifty will face resistance on upper side at 4635 and if nifty remains below 4635 it will first make an attempt to break 4540 and if succeeds then strong support on downside is at 4490.

Stock watch for the day:

IFCI (55): Watch this stock at higher levels and if not able to cross 57, just short it for target 53-51

Intraday call performance 18/06/08

Markets closing in red..!

As told here, market opened gap up and witnessed heavy selling at higher levels at 4680 and came down heavily to test strong support at 4560 making low of 4570 and closing was well below strong resistance at 4635 and now it seems nifty might test 4540 again and then 4440 if 4635 isnot taken off tomorrow.Banking sectors like SBI, HDFC, AXIS, ICICI and realty stocks which were gainers yesterday were down today to close the market in negative range.There was also selling in the European markets

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge profits in all calls given today

Buy Nifty Futures around 4615 with stop 4590 and when it zoomed to 4660, told to cover position

Buy Nifty Futures around 4560 with stop 4640 and it made 4610

Short Tisco around 862 with stop 865.5 and it made 836 and position covered with super profit

Short SBI around 1380 with stop 1400 and it made 1345..made good profit

Short DLF around 518 with stop 522 and it made 490..made super duper profit

Short Sail around 166 with stop 167.4 and it hit exact second target given at 161.5..made good profit

Market outlook 18/06/08

Higher opening may invite selling...!

Market witnessed a strong rally yesterday with banking and reality stocks leading the rally and nifty made a high of 4664 and today there maybe a gap up opening also and one is advised to be cautious in gap up opening as selling will be witnessed at higher levels.Moving on the higher side, nifty will face very strong resistance at 4740 and on downside, support exists at 4635 and if nifty breaks this support it may move towards 4585 support and below that, 4560 will be very strong support.The Dow fell 108.78 to close at 12,160.30.The worst-performing stocks among the 30 Dow companies were financial companies: American International Group Inc., American Express Co. and Bank of America Corp.Though Light crude for July delivery fell 60 cents to settle at $134.01 a barrel on the New York Mercantile Exchange.The dollar fell against most other major currencies, while gold prices rose.The price of oil has doubled in the past year and inflations figures are also at record high's and still so much of negative factors to effect the market.It will be interesting to see the market movements from here on as it appears nifty has approached a very strong resistance zone now.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 17/06/08

Nifty closing the day with bullish note

Market was trading in the small range below yesterdays close early morning and later on buying emerged heavily and nifty once it broke strong resistance at 4635, there was no looking back as it made straight high of 4665 and closing the day near day's high showing very strong bull strength now and the only strong resistance for nifty now will be at 5740-5755 range.Banking and reality stocks has a good day today with stocks like SBI, MARUTI, HDFC, AXIS BANK among gainers and stocks like RCom, bharti were on the weaker side.

Stock watch for the day:

Nalco: This was given a sell call with stop loss 493 for target 470-475 and it made a low of 473 and high of just 488

Following calls were given in yahoo messenger for clients:

Decent profits for all my clients today

Buy Nifty Futures around 4555 with stop loss 4530 and it made 4600

Short Nifty Futures around 4605 stop 4610 and it made 4590 and told to cover

Short Nifty Futures at 4625 stop 4630 and it made 4616 and told to come out in profti at 4615

Short Chambal Fertiliser around 91.3 with stop loss 92 and it made 90.5 and then hit the small stop loss

Buy Axis Bank around 728 with stop 722 and when it made 768, told to cover position with huge profit

Short Suzlon around 245 with stop 250.5 for first target 240 and it made 240.3

Short SBI around 1350 with stop 1363 and it went up to hit the small stop loss

Short Chambel Fertiliser around 91.7 with stop 92.2 for first taregt at 90.3 and it made 90.2

Short Bombay Dyeing at 750 with stop 756 and it made 742 and then went up to hit the small stop loss

Market Outlook 17/06/08

Buy at low..sell at high....!

It was an interesting day for the market yesterday as nifty went past 4540 resistance and hit 4618 straight with 4635 big hurdle still not tested..! though closing was well above 4540, it was well below yesterday's high also..! Yesterday crude oil was also trading wild by reaching record of $139.89 a barrel earlier and fell 25 cents to settle at $134.61 a barrel on the New York Mercantile Exchange.Earlier, they dropped as low as $132.84 also..! Dow closed the day with minor gains yesterday.For today, buying at dips and selling at high's is the best strategy and as long as 4635 is not crossed, selling will come from higher levels.Nifty above 4570 will make an attempt towards 4620 first and if moves above that 4635 will be final ressitance tow atch out for and on downside below 4570, it can go to test 4540 support again and if breaks then again 4490 will be very very strong support for today.

Stock watch for the day:

Nalco (486): Watch this stock at higher levels and if doesn't cross 493, just short it for target 475-470.Above 493 it is not a sell.

Intraday call performance 16/06/08

A very Good day of decent profits.....

Market started the day with positive global cues and nifty once crossed 4540, it was all round buying and as expected nifty couldn't cross 4635 as it made high of just 4618 and selling emerged there and nifty though came down to test 4540 again, interestingly closed in positive mode above 4560 but much below it's day's high.Now 4635 will be the point to watch on upper side tomorrow.

Stock watch for the day:

Cairn: This was given a sell call with stop loss 295 for target 275 and it made exact 276 on lower side

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4600 with stop 4615 and when it made 4560, told to come out

Short Suzlon around 250-251 with stop 252 for target 240 and it made exact 240

Buy Ranbaxy at 575 with stop loss 571 and it made 578 and then hit the small stop loss

Short SBI at 1355 with stop 1365 and it came down to 1316

Short Tisco around 862 with stop 865 and it came down to 845

Market Outlook 16/06/08

Saudi to boost oil production....

Market is again rangebound struggling around 5450 resistance.In electronic trading on the New York Mercantile Exchange late Sunday, crude oil futures were down 54 cents at $134.32 a barrel and moreover Saudi Arabia plans to increase oil production by 200,000 barrels a day next month and U.S-Europian markets are also trading in positive now.Taking these positive clues nifty might move above 4540 and if breaks 4540, nifty might move twoards 4600 first and if breaks that will face strong resistance around 4635 range where selling might emerge again.Below 4540, nifty will remain weak and will test support at 4490 and if breaks that will go towards 4460 strong support on downside.The only negative news for now is of fight between Anil and Mukesh Ambani and the effect might come to the market slowly if it doesn't get settled down fast.

Stock watch for the day:

Cairns (285): Short this stock on raise with stop loss 295 for target 280-275

RComm dares RIL to go legal

RComm dares RIL to go legal
-By Corporate Bureau
A day after Mukesh Ambani-led Reliance Industries Ltd (RIL) advised South African telecom giant MTN to back-off from negotiations with Reliance Communications (Rcomm), the latter in a sharply worded letter has replied that in case RIL pursues a legal suit, RComm will vigorously defend itself and claim legal damages.
According to RComm sources, "The tone of the letter clearly indicates that it is part of a malafide design, with no substance, to simply try and disrupt talks between Rcomm and MTN, by raising the false bogey of litigation and damages".
The official added that RIL's action in sending the copies of the letter to a large number of bankers and intermediaries, without communicating with Rcomm first, further reflects its ulterior and malafide intentions.
Meanwhile, MTN has said its tie-up talks with RComm were still on. "As far as we are concerned, we have a 45-day exclusive talks agreement with Reliance Communications and nothing has really changed from our statement on May 26," MTN spokesperson Nozipho January-Bardill told the media in Johannesberg.
On its part, RIL said it had in good faith informed ADAG and MTN Group over the agreement on Reliance Communications. "RIL has in good faith notified both Anil Dhirubhai Ambani Group and MTN group of the stipulations contained in an agreement, the validity of which has never been questioned so far by ADAG," a Reliance Industries spokesman reportedly said when asked for reaction to the RComm statement.
However, RComm sources say the company has replied to RIL's claim as "legally and factually untenable, baseless, and misconceived".
"It was surprising that without knowing the contours of a possible transaction between RComm and MTN, RIL has jumped to a baseless conclusion that the same is covered by the alleged agreement," the sources added. RComm, the flagship company of the Anil Ambani led ADAG has been in talks with MTN, since the latter's talks with the country's largest service provider, Bharti Airtel collapsed. According to the latest reports, the structure being thrashed out by ADAG was that Anil Ambani swaps two-thirds of his 66% equity in RComm with 35% shareholding in MTN. Anil Ambani has also proposed an additional payment of $4-5 billion. This would make him the single largest shareholder in the resultant entity.
On Thursday, RIL, the country's largest private sector company, issued a legally worded letter to MTN and all the banks and other financial institutions involved warning them that it had "a right of first refusal in respect of transfer of shares of Reliance Communications Limited by the Reliance Anil Dhirubhai Ambani Group."
RIL told MTN that it has notified ADAG that it would adopt legal proceedings against them (ADAG) to enforce its rights in the Bombay High Court and would also add MTN as one of the defendants.
Citing an agreement between the brothers which was signed on January 12, 2006, RIL sent the copies of letter to almost all the involved parties except RComm to whom the letter was sent a day later. The claim by RIL was seen by many a move that would only further escalate the tension between the two brothers, whose public spat three years ago had kicked up much debate on corporate ethics and the need to settle family issues amicably in the interest of shareholders.

Intraday call performance 13/06/08

Flat closing of the market....

Even though nifty was trading positive in the opening, it came down some points and started trading flat in anticipation of inflation figures and once the high inflation figures came in, market was very much reluctant to go up and thoughit broke 4500, it didn't go much downwards and closed flat well below yesterday's close

Stock watch for the day:

Tisco: This was given a sell call with stop loss 865 for lower target 840 and it made a low of 836

Following calls were given in yahoo messenger for clients:

Clients made very good profits today....

Buy NIfty Futures around 4460 with stop 4440 and when it made 4500, told my clients to cover their positions

Buy DLF around 489 with stop 485 and it hit the small stop loss

Buy Bombay Dyeing around 734 with stop 725 and it made 746

Short Suzlon at around 257 with stop 261 and it made 243

Buy Tisco around 839 with stop 835 and it made 855

Market Outlook 13/06/08

How long this Bull Strength will last now...!

Although sentiments are still looking bearish for short term and everyday we seem to have news which will effect the market and everybody must be wondering how long this bulls will show strength..! for today, nifty above 4540 will move towards 4635-a crucial ressitance to watch out for and fail to crossover, selling will emerge and if nifty trades below 4540, it will move towards 4500 first and if breaks then testing of 4465 might be on.In spite of so many bad news also nifty was able to recover from low's yesterday and maybe because of good IIP numbers and ended the day on positive note.Yesterday DOW closed the day with 50 points up and rising crude oil is a problem for the markets and crude rose 36 cents to settle at $136.74 a barrel and today inflation numbers are also coming up and this also may shwo it's effect as it is expected to be higher this time also.Moreover week end might show some selling in the last hour.Be cautious at higher levels today.

Stock watch for the day:
Tisco (856): Watch this stock at higher levels and if doesnt cross 865, short it for lower atregts 840-830.Above 865, it is not a sell

Intraday Call performance 12/06/08

Nifty pulling up from low's again....

Though nifty opened low and went even below 4400 to touch 4392, it never tested strong support given at 4370 and as expected and told here, it resumed its upwards journey from lows and even was able to cross 4540 strong ressitance and made a high of 4550 and closing was little below 4540 and tomorrow's inflation data might bring in little volatility again.

Stock watch for the day:

LITL: This was given a sghrit callw ith stop loss 364 for target 338 and it opened low and made a low of 325

Following calls were given in yahoo messenger for clients:

Day of very good profits....

Buy Nifty Futures around 4395 with stop 4380 and it made 4414 and then told to cover position around 4388

Short Nifty Futures around 4470 stop 4485 and it made 4450

Buy Bombay Dyeing around 699 with stop 696 and it made just 703 and then hit the small stop loss

Buy Tisco around 823 with stop 816 and the stop loss hit

Buy Tisco at 810 with stop 802 and it made 860

Buy HDIL around 544 with stop 538 and it made 555

Buy Bombay Dyeing at 700 with stop 690 and it made 754

Short LITL around 336 with stop 339 for target 332 and it made 333

Market Outlook 12/06/08

Will it be another bull trap now...!

Inaterestingly indian market was in bullish mode yesterday and even closed near to resistance level of 4540.The Reserve Bank of India (RBI) has hiked the repo rate by 0.25 percent to 7.75 percent, keeping the reverse repo rate unchanged at 6%.The Bank rate and the cash reserve ratio are left unchanged at 6% and 5% respectively.Moreover crude oil again went up to at $136.38 and dow fell 200 points yesterday.Swelling demand from China and other developing countries has boosted oil prices nearly 40 percent so far this year, pressuring major consumers like the United States that are already struggling to cope with a housing slowdown and credit crunch.Representatives of the world's biggest oil consumer and producer nations will meet in Saudi Arabia on June 22 to discuss soaring oil prices, which producer group OPEC says are due to speculation, not a lack of supply.So, all these negative news will effect to indian market also and for today, if nifty fails to cross 4540, it will be straight fall and lower side support will be at 4475 and then 4435 and lastly 4370 strongest support.Even if nifty moves above 4540, higher level selling will come strongly. Incase, if there is lower opening, pullback is possible again if 4370 is held.

Stock watch for the day:

LITL (353): Short this stock at higher levels with stop loss 364 for lower target 345-338

Intraday call performance 11/06/08

A Good Day for the Bulls....

Market was totally in bull control today as told and higher levels did exert pressure, but selling was not severe like before and yesterday's closing level was also not breached whole day..! Today's closing was still impressive as it closed just around 4540 resistance and now the real test will be 3635 level and if breaks that then 4700-4800 also might be possible or nifty might just reverse around 4635 tough resitance ahead.

Stock watch for the day:

Essar Oil:This was given a short call with stop loss 241 for target 223 and it made just 229

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4520 with stop 4545 and it made just 4510 and then when it came up, told to cover position at 4523

Short Nifty Futures around 4520 with stop 4540 and it made a low of 4475

Short Bombay dyeing around 690 with stop 696 and it made just 683 and then hit the stop loss

Short VSNL around 453 with stop 455 and it made just 450

Short Cairns at 292 with stop 294.5 and it made 286

Short Bombay Dyeing at 690 with stop 696 and it made 683

Short Essar Oil around 234 with stop 235 and it made 229

Market Outlook 11/06/08

Till Nifty holds 4370, it's buy in dips..........

Market again plunged after nifty broke 4000 and made a low of 4370 and buying came again at the closing point taking nifty towards 4450 level and for today, if nifty gets past 4465, it will test 4500 and then 4530 a big resistance and higher level is exerting pressure continuously and will continue today also.If market opens low, buying will come till yesterday's low is held and selling might come in the later part and if market continues from yesterday, watch higher level selling.Yesterday Crude dropped $3.04 to settle at $131.31 a barrel on the New York Mercantile Exchange.The dollar rose against other major currencies, while gold prices tumbled.Still global cues are negative with japan, europe, china are all showing weekenss.In our market, from here onwards till 4370 is held it's a buy in dips.

Stock watch for the day:

Essar Oil (229): Short at higher levels with stop 242 for target 223-219

intraday call performance 10/06/08

Volatile day of market ............!!

It was a very volatile day of tarding with movements on both sides and traders were totally confused when the market was showing volatility in the alst hour of trading as it was making moves on both sides.Though market openingw as well above yestedray's close, it couldn't cross the first resistance at 4545 and started sliding down slowly and in the later afternoon sldie becaome severe breaking all the inbetween supports and closing around 4460.

Stock watch for the day:

RPL : This was given a short call with stop loss 181 for lower target 164 and it made a low of 165 and high was just 174

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4430 with stop 4405 and it made 4455 and told to cover position when it came down to 4425

Buy Nifty Futures around 4360 with stop 4355 and it made 4393

Buy Dr Reddy's Lab around 698 with stop 694 and it made 710

Buy Tisco around 820 with stop 816 and it made 827 and then hit the stop loss

Buy RCom at around 540 with stop 538 and it made just 543 and then hit the smal stop loss

Short Bombay Dyeing around 636 with stop 641 and it made 628

Market Outlook 10/06/08

Time to pick up quality stocks..!

Atlast nifty broke 4440 strong support and it seemed like operators broke that support purposely to make a new low support and will be interesting to see today's moves now.For today, if nifty moves above 4545, it will test 4590 first and then testing of 4635 final strong support is on.But higher level will exert pressure for sure and more interesting part is to see the extent of pull back rally.Nifty remain below 4525 sentiments will remain weak and on downside 4575 will act as support and break below 4440 will be another big support to watch.Time for buying quality stocks at dips now and lots of money are waiting on the sidelines to be dumped in the stock market and there may be another big upmove shortly.Moreover Oil prices closed Monday at $134.35 a barrel, down from last week's high of $139.12 a barrel and if slides further will be good for the market.

Stock watch for the day:

RPL (171)-Short this with stop loss 181 for target 168-164.If moves above 182, dont short.

Intraday call performance 09/06/08

As expected, market carshed in the opening bell and made a low of 5411 breaking its strongest support as given here at 4440 and till mid afternoon was trading in too deep red and then recovery came which pushed nifty above 4500 and even closed above that and tomorrow might be interesting to see where it is heading as indications are there to target 5600-5700 on upperside and then selling might emerge again.

Following calls were given in yahoo messenger for clients:

Though calls were given late today because of the market volatility, it gave good profits

Short Nifty Futures at around 4500 with stop 4535 and it made 4450

Short Nifty Futures at around 4500 with stop 4535 and told to cover position at 4445

Buy Bombay Dyeing at around 670 with stop 664 and it made 687

Buy Tisco around 803 with stop 798 and it made 828

Short DrReddy at around 701 with stop 703 and it made 697 and then hit the small stop loss

Short Tisco around 825 with stop 828 and it hit the small stop loss

Market Outlook 09/06/08

Friday DOW crashed, Crude is all time high at $138 a barrel and still expected to reach $150 within a week.So, suddenly all bad news are coming together and for today, indian market also expected to open low and as is aid, 4440 still holds the key and if this support is held it's good and if this support is broken, then there may be severe panic in the market.I am expecting slight pull back around 4440 support area.Opening and first 30 minutes trading is very important today and don't be long in any stock if 4440 gets broken (possibility very slim).On upper side, 4635 will be very very strong resistance for today.Play between 4440-4635 and any break of these levels will be deciding the future moves.

Stock watch for the day:

Todays call only for clients

Intraday Call performance 06/06/08

Market as expected started positive trading above 4700 and later on inflation figures spoiled the party as expected and told here also and nifty broke its strong support at 4635 and came down to make a low of 4614 and closed just around supports again making it interesting on monday when the market opens.

Stock watch for the day:

Cairns: This was given a short call if fails to break 273 and it opened above that in the morning itself because of some positive news and hence position not taken

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4645 with stop 4620 and when it made 4685, gave cover order

Short Nifty Futures around 4710 with stop 4735 and when it made 4645, told to come out

Buy HDIL around 644 with stop 638 and it made 648 and then came down to hit the stop loss

Buy TISCO around 845 with stop 837 and it made just 847 and then hit the stop loss

Buy Bombay Dyeing around 772 with stop 768 and it made 780 and then hit smal stop loss

Short Century Textiles around 630 with stop 636 and it made 599

Short Bombay dyeing around 785 with stop 796 and the stock came down carshing and todl to come out at 745

Short Cairns at 286 with stop 288 and made just 285a nd small stop hit

Short HDIL at 642 with smll stop loss at 644 and it made 638 and then went up to hit small stop loss

Market Outlook 06/06/08

These day's everyday there seems to have some news to the market and today the expectation is on inflation rate and is also expected higher than before and is bad for the market.Yesterday nifty pulled up exactly at support level of 4535 and though Sentiments are looking very good today, inflation data release is a concern.If nifty moves above 4700 it will hit 4740 first and then tough resistance at 4785-4800 range.Higher levels will exert pressure again and on lower side, 4630 is support for today and if breaks that, then may go to 4570 support.Late afternoon session selling pressure might come due to inflation data release and is definitely expected higher this time.

Stock watch for the day:

Cirns: Watch this stock at higher levels and if doesn't cross 273, just short it for target 258-254

Intraday Call Performance 05/06/08

Indian market showed smart recovery in the late afternoon by positive global cues bouncing back from exact supports given here at 4535 and closing was impressive and nifty almost tested 4700 in last hour of trading and tomorrow's trading wil be interesting as if nifty continues recovery above 4700, then it may well test 4740 and then final big resistance at 4800.Being a week end, market placed at interesting stage now.

Following calls were given in yahoo messenger for clients:

Clients happy with big profits today also...

Short Nifty Futures around 4610 with stop 4630 and it made 4570

Short Nifty Futures at 5595 with stop 5620 and it made 4575

Short Axis Bank around 750 with stop 761 and it made 725

Short RCom around 540 with stop 546.5 and it made 520

Short Tisco around 812 with stop 816.5 and it made just 806 and then stop loss hit

Short Century Textiles at 620 now with stop 625 for target 605 and it made 606

Short Tisco around 829 with stop 837 for 805 and it made 806

Short Bombay Dyeing at around 770 with stop 773.5 and when it made 763, told to cover the position in profit

Market Outlook 05/06/08

Market crashed yesterday and today there might be slight short covering coming up and nifty will face hurdle at 4640 first and further buying will come only if nifty breaks 4640 and then might move towards 4700 big resistance.Higher levels will exert pressure again for sure.Nifty below 4600 will go to 4530 support for today and if broken, more panic on cards.Fuel hike spoiled the market sentiments yesterday and now because of this price hike inflation is expected to shhot up again still higher and bad for the market again.But, in whatever situation watch out big support at 4440 and if held, we have big upmove coming which will take nifty towards 5000 again and then 5300.This fall is also bringing in lots of value based stock picks like,Reliance, SBI, RCOM.....list goes on...which are at attractive prices now.

Stock watch for the day:

Todays call only for clients

Intraday call performance 04/06/08

Nifty was trading well above 4700 in the morning session and later on started sliding below in expectation of fuel hike and later fuel hike announced and dampened market sentiments and it actually went up after that just to trap the bulls and then crashed breaking its strong support at 4620 and made a low of 4564 and now the only strong support for nifty on downside will be at 4440 .

Stock watch for the day:

SBI: This was given a short call with stop loss 1430 for lower target 1350 and the stock hit low of 1325

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4665 stop 4630 made 4685 and told to cover position

Buy Nifty Futures around 4635 stop 4615..made 4725 and gave exit call

Short Nifty Futures arounds at 4710 stop 4730..small stop loss made 4650

Buy Bombay Dyeing around 830 with stop 823 and it made 839 and then came down to hit the stop loss

Buy Relaince Indutries around 2380 with small stop 2369 and it made just 2385 and then stop loss hit

Buy Essar Oil at around 243 with stop 239 and it made 244.5 and then came down to hit the stop loss

Buy Bombay Dyeing around 807 with stop 799 and it made 822

Buy India Info at 705 with stop 699 and made 713 as target was given at 715

Short Axis Bank at 770 with stop 774 and it made a low of 728

Buy Hind Zinc at 602 with stop 600 and it made just 604 and small stop loss hit

Market Outlook 04/06/08

So, market behaved exactly as told here yesterday by opening low and buying coming at exact supports given and today also index might continue moving up and will face pressure at higher ends for sure.If market dips then support range is same as given yesterday-4620-4635.One can buy around these supports and only if these supports are broken then only one can expect total panic in the market and otehrwise one can buy around these supports.crude oil has also reduced from $135 a barrel now but fuel price hike announcements may bring in some kind of pressure again.If nifty breaks 4740 ressitance, then it will directly test 4790-4800 strongest resistance for today.

Stock watch for the day:

SBI (1388): Watch this stock at higher ends and if doesnt cross 1430, just short it for target 1350

Intraday call performance 03/06/08

As expected and told here, it was lower opening and buying came heavily at supports at 4635 and nifty made a high of 4739 and then closing was little lower than yesterday and now if nifty remains above 4690 it might march towards 4800 again.Still inflation is a big concern for market and news of hiking fuel price may drag index down again and this looks like a short covering for now.

Following calls were given in yahoo messenger for clients:

Clients again had a money minting day today even in this weak market....!

Buy Nifty Futures around 4645 with stop 4620 for 4675 and the stock made 4675 exact and told to cover position

Buy Nifty Futures above 4680 for first target 4700 and the nifty made 4710 and gave cover order

Buy Essar Oil around 231 with stop 227 for first target 240 and the stock hit second target given at 249 and made 251 high

Short Bombay Dyeing at 820 with stop 825 for taregt 800 and it made 801

Short HDIL around 860 with stop 866 and it made 842

Buy Bombay Dyeing at 814 with stop 808 and gave cover order between 830-835

Buy Tisco with stop 850 for 865 and it hit 865 exact

Market Outlook 03/06/08

It was a scary fall in the market yesterday in the late afternoon as it tested 4700 straight once it broke its support at 4800 and now if starts sliding below 4700, its strongest support lies around 4620-4635 range and this will be very very big support for nifty now.Oil problems was the major set back for stock markets as no one imagined it to go over $130 a barrel and higher oil prices hurt our economy also and yesterday, some rumours of government falling also contributed to this down fall.Anyways, if there is down opening today near 4620, never short blindly as there may be buying coming in and will be interesting to see whether 4620-4635 support can be held now as it looks so strong that if breaches will go staright to test 4440 which looks more scary or this support will be base again for big upmove.For today, concentrate on 4620-4635 on downside and 4800 on upperside.Above 4700 nifty will face tough ressitance around 4800 Play the range today.

Stock watch for the day:

Todays call only for clients

Intraday call performance 02/06/08

Nifty started on a positive note as expected and even made a high of 4909 and couldnt cross 4925 resistance and started sliding in the late afternoon session and fall was severe later on as it made a low of 4728 and the market made a bad opening for this week.

Stock watch for the day:

RCom: This was given a buy call with stop 568 for target 590 and the stock made a high of 582 and then cracked.

Following calls were given in yahoo messenger for clients:

It was a super duper profits for all my clients today........

Buy Nifty Futures around 4855 stop 4840 and made 4874 and gave cover order and told not to remain long

Buy Nifty Futures around 4825 with stop 4800 for target 4855 and it made just 4838

Short Essar Oil at 242 with stop 244.5 and made 229 and told to cover around 230

Short DLF around 596 with stop 603 and it made 560

Short IFCI around 62.8 with stop 63.25 and when it made 60, gave cover order to clients

Buy Tisco at 891 with stop 889 for short targets and it made 896.5

Short EKC around 304 with stop 307 and it made 298

Buy IFCI at 60.2 with small stop 59.9 and it hit 60.6 and then stop loss hit

Market Outlook 02/06/08

Now the market movements from here on will be interesting and till 4800 is held movements will be on upper side.Even though Inflation figures came out high, GDP numbers came out good and also crude oil has started falling now and also petrol hike has been postponed again for a week now. So, markets will open on a very positive note for today and nifty above 4875, will fly to 4925 and if crosses it may move to 4955 next..Higher level selling also might come today.Nifty has strong support at 4840 and then 4800 straight. U.S markets are also consolidating at higher levels now.

Stock watch for the day:

RCom (577): Buy this at dips with stop loss 568 for target 590-600