Intraday call performance 31/07/08

Expiry effect not much today..!

Though market opened little positive, it couldn't cross the first resistance given at 4350 today and came down to make a low of 4385 and closed above 4300.Trading was dull whole day today.Inflation numbers will be announced today evening and it seemed like market was also considering that.The market breadth was negative with advances at 581 against declines of 663 on the NSE.Reiance Industries closed little positive above yestrday's close.Today's inflation figures is also very important now for further market moves.Anyways, market looks well set for move towards 4400.

Stock watch for the day:

Axis Bank: This was given a buy call with stop loss 662 and it opened below 662 and never crossed 662 the whole day

Following calls were given in yahoo messenger for clients:

Today was an average day for clients with average profit

Buy Nifty Futures around 4310 with stop loss 4290 and it made 4347

Buy Nifty Futures around 4315 with stop loss 4305 and it hit the stop loss

Buy Axis Bank around 652 with stop loss 649 and it hit the small stop loss

Buy Adlabs around 522 with stop loss 518 for target 535 and it made 533

Short Maruti around 575 with stop loss 578 and gave cover order around 572 in small profit

Buy Maruti around 575 with stop loss and it made 578 and gave cover order around 577

Short Reliance Capital around 1335 with stop loss 1343 and when it made 1290, gave cover order

Buy RPL around 164 with stop loss 163 and it made 165.3 and told to cover the position

Short Tisco around 660 with stop loss 661.5 for target 650 and it made 652

Market Outlook 31/07/08

Expiry day volatility today

After nifty started moving forming a base at 4160, it made a high of 4327 yesterday and moving towards 4400-4500 as told and today being expiry day, lots of volatility will be seen in the market.There might be a gap up opening today and higher level selling might come in this expiry day.On global scenario, Light, sweet crude for September delivery jumped $4.58 cents to settle at $126.77 a barrel on the New York Mercantile Exchange, after earlier rising as high as $127.39. It was crude's biggest one-day rally since July 10, when prices ended $5.60 higher. Oil closed $2.54 lower on Tuesday at $122.19 a barrel.
The Dow Jones industrials rose more than 180 points, bringing its two-day gain to more than 450 after a rebound in financial stocks and optimism about private sector jobs.The Dow rose 186.13 to 11,583.69.The dollar was higher against other major currencies, while gold prices fell.For today, nifty above 4325 wil go towards first resistance at 4355 and then at 4400 and if nifty is below 4325, supports are at 4265 and 4240.Positive closing expected today.

Stock watch for the day:

Axis Bank (679): Buy this stock in dips with stop loss 662 for target 690-700

Intraday call performance 30/07/08

Explosive market right from the word go....!


Market took exact support as told yesterday at 4160 and never broke that and zoomed to make a high of 4327 ahead of the F&O expiry tomorrow.Global cues were also very positive and market was well supported by Reliance also today.Huge buying interest was seen in realty, bank, metal, IT, power, oil & gas, capital goods and auto stocks with advances at 911 against declines of 346 on the NSE.Movers of today were Tata Power, HDFC and Tata Steel while losers included NTPC, ITC and Dr Reddy.Reliance Capital has posted a net profit after minority interest and Share of profit of Associates of Rs 3430.70 million for the quarter ended June 30, 2008 as compared to Rs 3252.60 million for the quarter ended June 30, 2007. Total Income has increased from Rs 11762.00 million for the quarter ended June 30, 2007 to Rs 15445.60 million for the quarter ended June 30, 2008.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4285 with stop loss 4400 and it hit the stop loss

Short Reliance around 2130 with stop loss 2145 and stop loss hit

Short Bajaj Holding around 363 and it made 355

Short Tata Steel around 625 with stop loss 628 and it made just 619 and hit the stop loss

Short RPL around 163 with stop 164 and it hit the stop loss

Short India Info around 656 with stop loss 660.5 and it made 652

Market Outlook 30/07/08

Due to my Hard Disk crash, i couldn't update blog in time....sorry for that


Nifty has taken support exactly at 4160 as told and now this will be the support for move towards 4300-4400.

Intraday call performance 29/07/08

Market crashing and halting near support..!


Market opened weak as expected and was trdaing with low volume in narrow range and once RBI came out with news of hiking repo rates by 50 bps and cash reserve ratio or CRR by 25 bps, markets crashed and never really recovered.It tested its support at 4160 and closed with a loss of 142.25 points at 4,189.85.News of more bombs found in surat also added to the already existing negative sentiments of the market.Rate sensitives like banking, realty and auto, and infrastructure sectors like capital goods and power took huge beating on the bourses. Sell off in global markets on the back of renewed credit concerns in US financial space was another reason for free fall in markets.Nifty gainers included Nalco, Sterlite Industries and Cairn while losers included HDFC Bank, ICICI Bank and L&T.On the global front, Asian markets ended on a weaker note on the back of negative cues from US markets, which was led by financial stocks.

Stock watch for the day:

Reliance Capital : This was given a short call at with stop loss 1342 for target 1275 and it merely crashed and hit 1208....Huge Profit

Following calls were given in yahoo messenger for clients:

Today clients had small loss in later part of calls

Buy Nifty Futures around 4250 with stop loss 4239 and when it made 4262 and told to exit at 4252

Buy Nifty Futures around 4165 with stop loss 4148 and it made 4206

Buy Reliance around 2130 with stop loss 2110 for target 2180 and it made 2160

Buy India Info around 657 with stop loss 654 for target 675 and it made 677

Buy Bombay Dyeing around 645 with stop loss 639 and it hit the stop loss

Buy Adlabs around 520 with stop loss 517.5 and it hit the small stop loss

Buy Renuka Sugars around 124 with stop loss 123 for taregt 128 and it made 125.5 and then hit the small stop loss

Buy Axis Bank around 627 with stop loss 623 and it hit the small stop loss

Market Outlook 29/07/08

Market may open low today....

Market closed flat yesterday ahead of the RBI monetary policy today.Today, global cues are negative as Dow Jones industrial average fell 239.61, to 11,131.08.Monday's pall over the market wasn't solely because of flagging confidence in the financial sector. Investors are also waiting to see whether oil prices' sharp drop of recent weeks has come to an end, or is just pausing. Light, sweet crude rose $1.47 to settle at $124.73 on the New York Mercantile Exchange.Gold gained on Tuesday as crude oil rose after militant attacks cut Nigerian output, elevating the metal's appeal as a hedge against inflation. Gold rose to $932.30/933.30 an ounce from $928.45/929.65 late in New York on Monday, when it rose more than $1 an ounce.Reserve Bank of India (RBI) has said potential inflationary pressures from international food and energy prices appear to have amplified. By current indications, it said, they are likely to remain for some time.So, for today, with all these negative cues, we might open gap down or will fall down from high's againBelow 4300, nifty has only 2 strong supports at 4265 and 4220.Nifty will be positive only above 4385.Till nifty is below 4385, it is weak only.

Stock watch for the day:

Reliance Capital (1312): Short this stock at higher levels with stop loss 1342 for targets 1290-1275

Intraday call performance 28/07/08

Market ending flat with little gains

Though market opened weak today, it gathered little momentum later on, but was trading flat for most part of the day ahead of the RBI monetary policy tomorrow and closing was also flat little above yesterday's close with gain of 20.25 points at 4332.Today, L&T has come out with good set of numbers for Q1FY09 and it closed at Rs 2,715.00, up Rs 89.40.Market breadth was positive, about 1923 shares have advanced, 1009 shares declined, and 219 shares are unchanged.Europe market was trdaing weak today.Nifty gainers included Tata Power, L&T and ACC while losers included ABB, Sterlite, Tata Steel, M&M etc.Thursday's expiry will bring in uncertain moves in the market in this week.

Following calls were given in yahoo messenger for clients:

Clients had a great day with very good profits today

Short Nifty Futures around 4335 with stop loss 4352 and it made 4330 and then stop loss hit

Buy Nifty Futures around 4325 with stop loss 4314 and when it made 4360, told to cover the position

Short ONGC around 1010 with stop loss 1014 for target 990 and it made 992....Super Profit

Short Reliance around 2120 with stop loss 2125 and it made just 2110 and then hit the small stop loss

Short Reliance Capital around 1325 with stop loss 1342 for target 1300 and it made 1304....Good Profit

Short Bajaj Holding around 373 with stop loss 374.2 for target 360 and it made 360....Super Profit

Short India Info around 672 with stop loss 676 for target 656 and it hit the small stop loss

Short LITL around 362 with stop loss 365.2 for target 348 and it made 346....Super Profit

Short Reliance around 2180 with stop 2190 for target 2150 and it made 2160....Good Profit

Market Outlook 28/07/08

Market may open lower today....


In effect of terrorist attacks in Bangalore and Ahmedabad, indian market might open lower today and volatility can also be expected in this week because of expiry on thursday.Tomorrow's RBI meeting also very important for the market.On global front, U.S. light crude for September delivery rose 9 cents to $123.35 a barrel by 2335 GMT. The contract fell $2.23 on Friday to settle at $123.26, after falling to as low as $122.50, the lowest since June 5.The Dow Jones industrial average DJI rose 21.41 points to 11,370.69.For today, nifty has support at 4300 and if nifty breaks 4300 then next support is only at 4265 and 4220.On higher side, nifty has resisitance at 4340 and then 4375.Be careful in trading this week because of the volatility factor.If the lower side supports are not broken down, buying will come again in the market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 25/07/08

Reliance Industries took the lead in dragging market down as expected..!


Market opened weak today with weak global cues and it being the last day of the week encouraged profit booking and also Reliance Industries going down below 2200 straight and till the end market never recovered though there was small recovery in the late afternoon, market again collapsed due to some bomb blasting news in Bangalore. Nifty shut shop at 4311, down 121 points. CNX Midcap and BSE Smallcap indices lost 0.3% each. Defensives like FMCG and healthcare gained, while banking, realty (ahead of the Credit Policy announcement next week), oil & gas and capital goods stocks saw heavy selling pressure. Biggest losers on the Sensex include ICICI Bank, HDFC, HDFC Bank, JP Associates, ONGC, while gainers were Ranbaxy, ACC, HUL and Grasim, among others.Next week will be interesting with Credit Policy announcement and also expiry week.


Stock watch for the day:


RCom: This was told weak below 515 till 490 and it opened at 486 target and made high of just 516


Following calls were given in yahoo messenger for clients:


It was a good day for clients today....


Short Nifty Futures around 4370 with stop 4382 for target 4340-4320 and it made my target at 4320


Buy JSW Steel around 795 with stop loss 789 for 815-825 and it went upto 808


Buy DR Reddy at 628 with stop loss 620 for target 645-655 and it made just 638.Then gave exit call at 636


Short RCom at 505 with stop loss 510 and it made just 500 and when it went up, gave cover call at 505 itself


Short ONGC around 1012 with stop loss 1022 for target 980 and it made 974....Super Profit


Buy Maruti around 603 with stop loss 600 for target 625 and it made 623....Super Profit


Buy Reliance Industries at 2138 with stop loss 2129 and it made 2165....Good Profit


Buy Reliance Capital around 1326 with stop loss 1324 for target 1363 and it made just 1340

Market Outlook 25/07/08

Watch out Reliance today for market direction..!


After 5 day's of continuous rally, nifty took a break yesterday by falling from high and closing below 4440 support level and today also nifty will remain weak if doesn't break 4440 on upperside and on downside, 4365 will hold the key now and if nifty breaks this levels, then there will be more downside and move towards 4285 is also possible today itself.So, the level to watch out for today is 4365-4440 and any break of this range will be crucial for today.If nifty moves above 4440, then testing of 4500 is on again..! On global front, The Dow fell the most in a month as a report showing yet another drop in U.S. home sales and also the rising price of oil compounded worries about the economy The Dow Jones industrial average fell 283.10 points to close at 11,349.28.It was the biggest decline for the Dow since June 26. A barrel of light, sweet crude rose $1.05 Thursday to settle at $125.49 on the New York Mercantile Exchange after a drop of more than 5 percent over the previous two sessions. Earlier during Thursday's NYMEX session, oil hit an intraday high above $126.The only small positive is Inflation for the week ended July 12 is at 11.89 % versus 11.91% and Reliance Industries has posted 13.2% growth in its net profit at Rs 4,110 crore for the quarter ended June 2008 as against Rs 3,630 crore in the same period of last year.


Stock watch for the day:


Rcom (502): Watch this stock at higher levels and if fails to clear 515, will come down to 490 today and if breaks 515, it will hit 525-530 on upperside.

Intraday call performance 24/07/08

Market losing grip from high.....


Though market opened high, it came down around my first resistance level given at 4535 and made a low of 4386 and again closed around 4440. Heavy volatility was there in the market today and this will continue till expiry now.Market also seemed to have tired of going up on all these 4-5 day's and relaxing now. Markets are awaiting Inflation numbers and first quarter numbers Index heavyweight Reliance Industries which wil be announced only in the evening.European markets were also trading negative today and this also effected our market a bit.Except oil & gas index all other sectoral indices like IT, metal, power, capital goods, bank and FMCG indices were closed negative. Stocks on losing side were TCS, Tata Steel, Reliance Communications, SBI and ACC, while gainers were ONGC, DLF and RIL, among others.


Following calls were given in yahoo messenger for clients:


Huge profits for all my clients today


Buy Nifty Futures around 4490 with stop loss 4478 and stop loss hit


Buy Nifty Futures around 4465 with stop loss 4440 and covereed at the same price


Buy Nifty Futures around 4440 with stop loss 4420 and it made 4485


Short Axis Bank around 800 with stop loss 807 for taregt 775-750 and it made 742.....Huge Profits


Buy Reliance Capital around 1420 with stop loss 1405 and it hit the stop loss


Buy Unitec around 171 with stop loss 168 for target178 and it made 178.....Good Profits


Buy Reliance Industries around 2280 with stop loss 2270 for 2330-2335 and the stock hit exact 2330.....Huge Profits


Short Reliance Industries around 2326 with stop loss 2330 for 2300-2280 and it made 2270.....Huge Profits


Short DR Reddy at 640 with stop loss 642.5 and it made 633


Short Reliance Capital around 1415 with stop loss 1430 for target 1385 and when it made 1400, gave cover call


Buy Reliance Capital around 1380 stop 1367 and it hit the stop loss


Buy RCom at 504 with stop loss 501 and it hit the small stop loss

Market Outlook 24/07/08

Market in hands of ADAG now..!


Yesterday, market jumped as if there is no tomorrow and it is now manipulation which is pulling the market up without any breaks and as told ADAG stocks are firing too much and one should also be careful of the fall that may come....!
Market looks to be in ADAG holds now and they are pulling it up and interesting to see where they put the break as it's all in their hands now.On the global scenario, Dow rose 29.88 to 11,632.38 after rising nearly 100 points early in the session and crude fell $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange.For today, nifty has resistance at 4535 on the upper side and if it breaks that it will go still higher around 4600 and below 4535, some selling might come.Downside, 4440 and 4390 are very strong supports for today.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 23/07/08

Record upsurge in the market today..!


As expected, it was huge gap up opening because of UPA winning the trust vote, declining crude oil price and positive cues from global markets and surprisingly even broke strongest of resistance at 4440 and made a high of 4492 and closed at 4476, up 236 points as market also seemed like being too tired of being in bear phase for long time and things are setting up nicely for this month expiry now.Stocks like Reliance Communications, ICICI Bank, HDFC, SBI, BHEL were major contributors for today's bull move.It was record upmove for the market with sensex gaining whopping 838 points..! Now,with positive cues from global market nifty can move towards 4700 straight.

Stock watch for the day:


RCom :This was given a buy call with stop loss 456 for target 490 and it made a high of 531


Following calls were given in yahoo messenger for clients:


Short Nifty Futures around 4415 with stop loss 4420 and it made 4405 and then hit the small stop loss


Short Bank of India around 292 with stop loss 294.5 and it made just 289 and then hit the stop loss


Buy JSW Steel around 756 with stop loss 748 for target 785 and it made 788


Short ICICI Bank around 725 with stop loss 733 and it hit the stop loss


Short Bombay Dyeing around 605 with stop loss 609 and it hit the stop loss


Short DR Reddy at 640 with stop loss 642 for target 624 and it made 624

Market Outlook 23/07/08

Market in too bullish mode with decline in crude and our govt survival


At last the much awaited No-Confidence motion got through in favor of the government as expected.Yesterday market got enough clues about this government survival and huge buying was also seen in the market.Global cues are also very positive as the Dow rose 135.16 to 11,602.50. The blue chip index rose 400 points last week, but ended Monday's session slightly lower.A barrel of light, sweet crude tumbled $3.09 to settle at $127.95 on the New York Mercantile Exchange, down nearly $20 from its record high of $147.27, reached just weeks ago.A $3 drop in oil -- which took crude's decline in recent weeks to nearly $20 a barrel -- persuaded some investors to wade back into equities.For today, taking all these positive cues, nifty will open with huge gap up for sure and nifty above 4265 will face resistance only at 4375 and then 4440 and if nifty opens around these levels and unable to cross, some selling will definitely come from these levels.So, don't go for buying blindly today.Nifty will have supports at 4265 and 4220 for today.Watch the action in this week.

Stock watch for the day:

RCom (467)-Buy this stock with stop loss 456 for target 485-490

Intraday call performance 22/07/08

Volatile market ending in green


What a day of trading today..! it was huge gap up opening in the morning itself and then as nifty made a high of 4262 and couldn't cross 4265 big resistance given here , it came down crashing to go below 4200 and then again huge buying came in to the market on some positive news of UPA set to win the No-Confidence motion.Even Europian market which was trading in red didn't have any effect in indian market and huge buying was seen in Power, FMCG, metal, capital goods, banking and oil stocks.Stocks like Sail, BHEL, ITC, Reliance Communication, Wipro, SBI and Tata Steel were all top contributors for this huge bull move today and Maruti Suzuki, JP Associates, Tata Motors etc were losers today.Market breadth was very strong and about 1992 shares have advanced while 922 shares declined. Nearly 236 shares remained unchanged.


Following calls were given in yahoo messenger for clients:


Even on volatile day like this, clients earned very good profits on my calls today..!!


Short Nifty Futures around 4200 with stop loss 4225 and stop loss hit


Short Nifty Futures around 4260 with stop loss 4275 for target 4220 and it made exact 4220


Short Nifty Futures around 4245 with stop loss 4270 for 4190 and it made 4185


Short JSW Steel around 740 with stop loss 745 for target 728 and it made 726


Short BGR Energy at 332 with stop 335.5 for target 320 and it made 327 and told to exit


Short SBI around 1385 with stop 1400 and it made 1375 and then hit the stop loss


Short Essar Oil at 181 with stop loss 182.5 for target 175 and it made 176


Short Bombay Dyeing around 565 for target 550 and it made 554

Market Outlook 22/07/08

Big day of No-Confidence motion today

Though market was trading with low volume with lots of uncertainity yesterday because of today's No-Confidence motion, it picked up in the afternoon session to make a high of 4168 and today it's a big day for the market as the fate of the government survival will be decided today and the indications are very bright for government getting through this motion smoothly. Light, sweet crude rose $2.16 to settle at $131.04 a barrel on the New York Mercantile Exchange.The Dow Jones industrial average fell 29.23 to 11,467.34 after moving in and out of positive territory.The dollar was mixed against other major currencies, while gold prices rose. For today, Nifty will face first resistance at 4220 on upper side and selling is expected there and if breaks 4220 then there is one more big resistance at 4265 which is difficult to cross.On downside, unless there comes any negative news, there doesn't seem to be more on downside.There might be gap up opening today and lots of volatility in the market.

Stock watch for the day:

Today no calls

Intraday call performance 21/07/08

Volatile day ending with bullish note

Though market started trading above 4100, it was not moving much in the morning session ahead of the vote of confidence motion for the government survival tomorrow and also volume was low and then it turned very volatile and then Later on in the afternoon session, buying came in which lifted the market above 4150 to make a high of 4168.On the global front, Asian markets finished strong and European markets have bounced back in mid session.Stocks like Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy did well today, while losers were Satyam Computer, Ambuja Cements, L&T, BHEL etc.Tomorrow is a big day for indian market now.All indictaions of government survival is there at this moment and also this news was taken very nicely by market today.

Stock watch for the day:

RCom : This was given a short call with stop loss 460 for atregt430 and the low recorded in this stock was 430 and high 457

Following calls were given in yahoo messenger for clients:

Clients had a very decent day of profits today

Buy Nifty Futures around 4120 with stop loss 4103 and then coveerd around 4116 with small loss

Short Nifty Futures around 4115 with stop 4125 for 4090 made 4092

Buy Nifty Futures around 4095 with stop loss 4089 made 4104 and came down to hit 4086 and then zoomed above 4150..!

Buy Bombay Dyeing around 550 with stop loss 545 for target 565 and it made 561

Short BGR Energy around 314 with stop loss 320 for target 300 and it made 299

Short Tata Steel around 608 with stop loss 615 for target 590 and it made 593

Short India Info around 635 with stop 638 and it made 626

Short Kotak Bank around 484 with stop 487 for target 475 and it hit 474

Market Outlook 21/07/08

Market will witness uncertain moves

Though Indian market closed positive on friday, lot's of volatility is expected today with heavy political actions with government survival is still a big question mark now..!! Global factors are a little positive only and Oil rose towards $130 a barrel after its biggest one-week slide on record as inconclusive talks between Iran and world powers over Tehran's disputed nuclear programme dimmed prospects of ending the row.U.S. light crude for August delivery was up 91 cents at $129.79 after rising as much as $1.18 earlier, a small bounce from last week's over $16 slump, the biggest decline in dollar terms since futures began trading in New York in 1983. In percentage terms it was the steepest sell-off since late 2004.The Dow Jones industrial average rose 49.91 points to 11,496.57.Today and tomorrow these factors may not effect our market much unless theer comes a very big news.Our political activities have reached it's peak now as both the govt and anti parties are claiming they have numbers and it makes us remember the time Mr.Vajpayee lost the confidence motion by a single vote..!!
Will the history repeat itself..! only time can tell now .For today, on higher opening go short.If nifty moves above 4115, it will move to 4180 first big resistance and then 4220 will be very tough resistance to cross and if nifty remains below 4115, it will remain weak only and testing 4050 and 3990 may be on cards then.

Stock watch for the day:

RCom (435): Short this at higher levels with stop loss 460 for targets 430-425

Intraday call performance 18/07/08

Blasting day for market today

Though market opened dull today, it gained momentum later on and had a terrific rally with nifty gaining around whopping 160 points from yesterday's close.Stocks like Reliance Industries, Bharti Airtel, ICICI Bank, ONGC, HDFC and L&T were top contributors in the gain of indices.Crude oil reduction and Dow blasting also helped indian market along with some positive rumours that was flowing today about the government having enough numbers to prove the majority.Now next big event will be on July 22, as the vote of confidence for the present government takes place.

Stock watch for the day:

Reliance Capital : This was given a buy call with stop loss 1000 for target 1075 and it made a high of 1113 today.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3925 with stop loss 3935 for 3900 and it made 3907

Short Nifty Futures around 3940 with stop loss 3955 and it made just 3930 and hit the stop loss

Short Nifty Futures around 4000 with stop 3415 and it made 3980 and stop loss hit

Buy Reliance Capital at around 1025 with stop loss 1005 and it made 1113....Super Duper Profit

Short Tata Steel around 594 with stop 600 for taregt 575 and it made just 585 and then hit the stop loss

Short India Info around 610 with stop loss 615 and it made just 603 and the nit the stop loss

Short Reliance in small quanitity for small gains at 2080 with stop 2090 and it made 2067 and then went up

Short Adlabs around 420 with stop 424 and gave cover at 421

Market Outlook 18/07/08

Upmove to continue today also

Yesterday it was a very good day for indian market as market zoomed and closed bullish and bullish move is expected to continue today also.Oil prices tumbled below $130 a barrel for the first time in more than a month Thursday, as crude's dramatic slide entered a third day accompanied by a sharp sell-off in natural gas.Light, sweet crude for August delivery dropped $5.31 to settle at $129.29 a barrel on the New York Mercantile Exchange. Prices have fallen nearly $16 in just the past three days.Dow Jones industrial average rose more than 200 points to settle at 11,446.66.Advancing issues outpaced decliners by nearly 3 to 1 on the New York Stock Exchange, where consolidated volume came to 7.17 billion shares, compared with 6.58 billion shares traded Wednesday.For today, nifty will open gap up for sure and above 3970 will target 4000 first and then 4065 will be tested and if nifty remains above 4000, it will remain explosive today and below 4000, 3970 will act as good support and if breaks that 3900 will be the strongest support for today.Coming week will be very crucial for indian market again as No-Confidence motion will be put up on 22nd tuesday and markets may move madly on that day as news keep poring in and if the government falls, it may trigger sharp sell off again.But for today, trend is very bullish.

Stock watch for the day:

Reliance Capital (1028): Buy this stock at dips with stop loss 1000 for target 1055-1075

Intraday call performance 17/07/08

Market bounce back strong with crude dip

As expected it was higher opening today because of positive global cues and strong European markets also added to positive sentiments. Though nifty went for some selling later, still held on to strong supports on downside and made a high of 4968 and even closed in positive territory again.Top gainers are Maruti Suzuki, HDFC, Jaiprakash Associates, BPCL and GAIL while Ranbaxy Labs, Tata Steel, Sterlite Industries and SAIL losers.Now, next few day's will bring in volatility again with top news is on Government-No-Confidence motion on 22nd which is very crucial for the market survival.

Stock watch for the day:

Adlabs: This was given a buy call with stop loss 388 for target 410 and it made a high of 424

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3860 with stop loss 3838 and it made 3896 and gave cover order

Short Nifty Futures around 3900 with stop loss 3915 and it made 3865

Short Nifty Futures around 3925 with stop loss 3945 made 3888 and told to cover all position

Short Baja Hindustan around 154 with stop loss 156 for taregt 145 and it made 148

Short Bank of India around 236 with stop loss 237.5 and it made just 235 and then small stop loss hit

Short India Info around 615 with stop loss 618.5 for target 590-575 and it made 592

Short RPL around 153 with stop loss 157.5 for taregt 144 and it made 147

Short Reliance Infra at 794 stop 802 for target 774 and it hit the stop loss

Buy Reliance Capital at 1020 with stop loss 1006 and it made made 1030 and gave cover order around there

Market Outlook 17/07/08

Oil crashing down..is it one more manipulation now..!

Yesterday it was a bad day for indian market again as market went for deep selling and for today, positive global cues may result in higher opening. Light, sweet crude for August delivery fell $4.14 to settle at $134.60 a barrel on the New York Mercantile Exchange, after earlier sinking as low as $132. The drop follows a $6.44 sell-off Tuesday, crude's biggest since the Gulf War.The huge swings oil had in two day's is amazing as it dropped by more than $10 Tuesday and $7 Wednesday and it makes us think whether this is one more manipulation or is it really coming down..! The Dow took positives from this oil drop and rose 276.74 to 11,239.28. It was the blue-chips biggest one-day gain since April 1, when the index rose 391 points.The dollar was mixed against other major currencies, while gold prices fell. For today, be cautious if there is higher opening near 3900..- as remain below 3920, market is weak only and if nifty breaks 3920 then one more resistance is there at 3960.So, be cautious at higher levels and below 3900 supports are at 3850 and 3790.Inflation figures are expected to be announced later in the evening today.

Stock watch for the day:

Adlabs (395): Buy this with stop loss 388 for target 405-410

Intraday call performance 16/07/08

Market continuing its downtrend and closing in red again..!

Market opened weak today and though made a slight recovery going above 3900, it lost ground and later on broke 3800 also to make a low of 3790 showing signs of more pain in the market.As told, till government proves it's majority market will not be stable and go on facing pressure on every raise now.Reliance Industries, HDFC, SBI, Tata Steel, ICICI Bank, DLF and Unitech were biggest draggers for both indices.Market breadth was weak; about 932 shares have advanced while 1979 shares declined. Nearly 237 shares remained unchanged.European markets were trading sharply lower on the back of selling pressure in banking stocks.So, coming day's will see lot's of volatility

Following calls were given in yahoo messenger for clients:

Clients had a great day today with massive profits on my calls

Short Nifty Futures around 3890 with stop 3900 and told to cover around 3820....Huge Profits

Short Adlabs around 410 with stop 420 for target 398-390 made 385....Huge Profits

Short Tisco around 660 with stop 666 for targets 640-626 and it made 617....Huge Profits

Short Suzlon around 192-193 with stop 197.2 for targets 185-180 and it made just 185....Good Profits

Short India Info around 613 with stop 617 taregt 600-575 and it made 576 exact....Huge Profits

Short ONGC around 871 with stop 876 for target 855 and it made 853....Good Profits

Market Outlook 16/07/08

Market in selling pressure even as crude dipping

yesterday it was a very bad for indian market as nifty broke strong support of 3850 and appear to be marching towards my target of 3600 given long back.Indian political uncertainity is continuing with government is clearly falling short of clear majority now and struggling a lot to show the clear numbers for staying in power and so, 22nd of this month will be the deciding factor.A barrel of light, sweet crude dropped $6.44 to settle at $138.74 on the New York Mercantile Exchange as traders bet that the weak economy in the United States and elsewhere will take its toll on global demand.The Dow Jones industrials on Tuesday had their first close below 11,000 since July 2006.The Dow fell 92.65, or 0.84 percent, to 10,962.54,trading at nearly two-year lows.Dow breaking 11000 is bad news and here nifty broke 3850 strong support.Let me tell you one thing here-NIFTY HAS STRONG SUPPORTS AT 3600-3500 RANGE (MY TARGETS GIVEN LONG BACK) AND SHOULDN'T BE BROKEN AT ANY COST AND IF BREAKS ANYTIME WE CAN SEE STRAIGHT 3000-3100 LEVELS.For today, if nifty breaks 3885, it will move towards 3940 resistance zone and selling will definitely come around that level and on downside if nifty breaks 3850, then move twoarsd 3800-3765 is a strong possiblity for today.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 15/07/08

Market crashing and closing in deep red-

Today market opened weak and never recovered after that and in the ending it even broke the strong support of 3850 and closed in deep red.Huge sell off has seen in global markets especially Asian and European markets, which added to weak sentiments of indian market which was already struggling because of Political uncertainities as told here.Sectors like banking, capital goods, metal, power, realty, pharma and oil & gas took a hard beating today.Most banking stocks took huge beating worldwide on fear of more bank failures in the US.Reliance Industries, ONGC, Reliance Comm, ICICI Bank, DLF, HDFC Bank, HDFC, SBI and L&T continbuted more to this market crash.

Stock watch for the day:

Suzlon : This was given a buy call with stop loss 188 for target 207 and it could make only 197 and then broke down heavily.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3910 with stop 3890 and it made 3930

Short Nifty Futures at 3900 with stop 3932 and when it made 3860, gave cover order

Buy Nifty Futures around 3866 with small stop loss 3858 and stop loss hit

Buy Suzlon around 192 with stop 190 for target 202 and it made 196.4 and then small stop hit

Buy Tisco around 668 with stop 664 for target 682 and it made 676 and then small stop hit

Buy India Info around 628 with stop 626 for taregt 655 and it made only 639

Short Tata Steel around 665 with stop 668 for taregt 638 and it made 642

Buy Adlabs around 405 with stop 398 for target 415 and it made just 409

Market Outlook 15/07/08

Political uncertainty creating pressure in the market

Yesterday was a volatile day and still maintained 4000 support and Due to political uncertainty, any upmove is exerting pressure and still downside supports are protected..! The Dow Jones industrial average fell 45.35 to 11,055.19 after spiking nearly 140 points in early trading.Declining issues outnumbered advancers by about 3 to 1 on the New York Stock Exchange.Light, sweet crude settled up 10 cents at $145.18 a barrel on the New York Mercantile Exchange.Monday's oil price swings came as President Bush lifted an executive ban on offshore oil drilling.The dollar was mixed against other major currencies, while gold prices jumped.For today, nifty above 4060 will test strong resistance at 4120 and if crosses might zoom towards 4180-4200 also and if fails to break 4120, will come down again towards 4040.On downside, nifty has great support at 4000-3990 and break will create panic and slide towards 3935 is possible.On weak opening, don't go for blind selling as buying may come from lower levels.

Stock watch for the day:

SUZLON (195): Buy this stock at lower levels with stop loss 188 for target 207

Intraday call performance 14/07/08

Market closing flat with no direction..!

Though market opened above 4000 and was trading in a small range, it recovered later and even made a high of 4118 and then at the final hours of trading lost all the gains and closed again around yesterday's closing.Today Ambani brothers meeting Sonia Gandhi bought some moves in R-Group stocks which were trading low.Stocks like Infosys, TCS, BHEL, Satyam, Bharti Airtel, ITC, HDFC were all trading negative while Reliance Ind, ONGC, SBI, Tata Steel, L&T were all positive today.It seems that indian market will move little up and more down till the government comes out in clear numbers to prove the majority .

Stock watch for the day:

BHEL: This was given a short call with stop loss 1560 for target 1480 and it made low of 1460

Following calls were given in yahoo messenger for clients:

Good trading day for my clients today

Short Nifty Futures around 4030 with stop 4050 and it made just 4023 and then stop loss hit

Short Nifty Futures around 4065 with stop 4090 and it made 4028

Short Reliance Capital around 1035 with stop 1056 and it made just 1028 and then stop loss hit

Short Suzlon around 207 with stop 212.5 made 195....superb profit

Short Kotak around 505 with stop 511.5 and it made 491....very good profit

Short Vijaya Bank at 34.5 with stop 34.85 and it made 33.70....good profit

Short ONGC around 890 with stop 896 for target 878 and it made 882...just 4 short of my first target

Market Outlook 14/07/08

Interesting week ahead for market

Market crashed on friday with high inflation and crude oil and will resume again today with weak global cues.The Dow Jones industrials on Friday briefly fell below 11,000 for the first time in two years settling at 11,100.54 and the oil prices on Friday soared to a new trading record above $147 a barrel, following the two-day pullback back of nearly $10 a barrel Monday and Tuesday.With political uncertainty continuing, indian stock market is weak and facing selling at every raise.This trend may continue till the day of vote of confidence motion.Investors seems to be more scared in investing now, though market is at an attractive lower end and in oversold condition. Market just needs one trigger to move strongly on upper side.But now, sentiments are negative and for today on upper side nifty will face definite resistance at 4090-4115 and on downside 3990 will be strong support for today and break below that may go to 3940 support.If there is lower opening above 3850 buying might come and don't short blindly on lower side.

Stock watch for the day:

BHEL (1521): Short this stock at higher levels with stop loss 1560 for target 1500-1480

Intraday call performance 11/07/08

Poor economic data and raising crude crashing the market and ending in deep loss..!!

As expected and told here, market witnessed too much volatility and was trading above 4150 in the morning session and as told reversed at exact first resistance given at 4220 and then in the mid afternoon witnessed strong selling after Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment and even after IT major Infosys first quarter numbers came in line with market expectations could not save the market from falling.Infosys, L&T, HDFC, ICICI Bank, Satyam, Reliance Industries, ONGC and TCS were biggest draggers for indices.

Following calls were given in yahoo messenger for clients:

Clients made very big profits today in my calls in spite of market crashing....

Buy Nifty Futures around 4100 with stop loss 4065 and it picked up from 4110 to amke 4164

Short Nifty Futures around 4170 with stop 4190 and it made 4020 and told to cover there

Buy Nifty Futures around 4013 with stop 4005 and when it made 4020, gave cover order

Short Nifty Futures at 4017 with stop 4025.5 and it made 3981

Short SBI around 1245 with stop 1255 and it made 1229 and then went up to hit stop loss and made 1259 just 4 points up and then crashed to ....shere bad luck

Short India Info around 650 with stop loss 656.5 and it made just 646 and then stop loss hit

Short ONGC around 890 with stop 896 and it amde 845....HUGE PROFITS

Buy Adlabs around 438 stop 430 for taregt 455 and it made 454....HUGE PROFITS

Short India Info around 680 with stop 685 and it made 650....HUGE PROFITS

Short Suzlon around 210 stop 213.2 and it made 198....HUGE PROFITS

Buy Adlabs around 422 stop 419 and gave cover order at 429....GOOD PROFITS

Market Outlook 11/07/08

Market volatility will continue....

As expected it was buying at low and selling at high yesterday also.NIfty will face strong hurdle at 4220-4245 on higher levels today and on lower side 4100 will be the strong support for today.Crude oil prices rebounded by more than $5 to more than $141 a barrel on the New York Mercantile Exchange on another missile test by Iran and worries about more supply disruptions in Nigeria.The Dow Jones industrial average finished up 81.58, at 11,229.02.Oil's resurgence back above $141 a barrel briefly pulled the Dow into negative territory in afternoon trading.Today's Infosys results and inflation data may bring in little volatility though infosys results are expected to be in line with expectations.So, the trading range for today maybe between 4100-4245.Break of this range might be too bullish on upper side and panic on downside.If there is higher opening, then selling will emerge from higher levels.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 10/07/08

Markets ending flat....

Today market was trading on weaker side with little volatility and went down to make a low of 4100 and then again recovering in the last hour again to close around 4150 around the same closing level of yesterday.European markets were trading low and effect of U.S markets sell off yesterday also didn't show any effect on indian market today.Selling pressure has been seen in bank, IT, auto, FMCG, power, capital goods and oil & gas.Maruti Suzuki lost too much in today's trading.Markets are near to one more big ressitance at 4220-4245 now and will be interesting to see tomorrow's trading.

Stock watch for the day:

ICICI Bank : This was given a sellc all with stop loss 645 for target 610 and it made 593

Following calls were given in yahoo messenger for clients:

Today clients have earned huge profits in my calls

Short Nifty Futures around 4150 with stop 4165 and nifty started sliding from 4138 itself to make 4100

Buy Nifty Futures around 4085 with stop 4065 and when it made 4140, gave cover order

Short India Info around 685 with stop 692 and it made 647...HUGE PROFIT

Buy Reliance Capital around 1115 with stop 1004 and it made just 1122 then hit the stop loss

Short Maruti around 594 with stop at 600 and it made 561...HUGE PROFIT

Short ONGC around 885 with stop 892 and it made 869...GOOD PROFIT

Buy Bombay Dyeing around 573 with stop 566 and it made 605...HUGE PROFIT

Buy Adlabs around 421 with stop 415 and it made 435...HUGE PROFIT

Market Outlook 10/07/08

Always remember that the future comes one day at a time....

It was a very good day for market yesterday and now near to crucial resistance at 4220-4245 and failure to cross this will invite heavy selling again.If the market opens low, buying will emerge from lower end.Higher levels are exerting pressure and lower level invite buying and this will continue today also.Oil prices remained a concern as they finished about where they began Wednesday after jumping more than $2 earlier on reports of lower U.S. oil stockpiles and an Iranian missile test settling at $136.05 a barrel on the New York Mercantile Exchange.The Dow fell 236.77, to 11,147.44 a day after rising more than 150 points.The dollar fell against other major currencies and Gold prices rose.Indian politics still not settled and even though Mulayam seems to have given his support to the government, there is not guarantee that government will survive and until the government prove their majority, uncertanity will continue in the market.For today, nifty above 4165 will face strong hurdle at 4220-4245 and below 4160 will have strong supports at 4115 and then 4060.

Stock watch for the day:

ICICI Bank (622): Short this stock around 630-635 with stop 645 for target 615-610

Intraday call performance 09/07/08

Good day for market today

Nifty opened high near the resistance levels of 4115 straight and then was very cautious-trading in a narrow range for most part of the day not moving anywhere ahead of nuclear deal signing and then in the late afternoon buying came in and lifted the market sentiments and nifty zoomed to make a high of 4169 and closed around that level in bullish mode due to crude oil prices cooling off and positive global cues and today's market movers were JP Associates, Reliance Infrastructure, Tata Motors, HDFC Bank, DLF, BHEL, L&T, TCS etc.

Following calls were given in yahoo messenger for clients:

Decent profits for clients today

Short Nifty Futures around 4090 with stop 4115 and it made 4050

Short ICICI Bank around 633 with stop 641 for target 616 and it made 621.8 short of 5 points and then altered stop to 633 and stop loss got hit

Short Nalco around 331 with stop 333.5 and the stop loss hit

Short Maruti around 590 with stop 598 for target 575 and it made 578

Buy ONGC at 873 with stop 865 for target 890 and it made 887

Buy SBI at 1230 with stop 1218 for target 1245 and it made exact 1245

Intraday call performance 09/07/08

Big day of nuclear signing today

Much awaited nuclear signing will bring in volatility in the market today and all dips should be used to buy until 3850 is saved and nifty above 4000 may directly test 4115 on upper side.All global factors are also positive and only concern is our political situation and if the government comes out with numbers, we are in for a market blast in coming day's.Moreover if the nuclear deal gets through, then all power stocks will be binifitted.Stocks like NTPC, Reliance Energy, Crompten Greeves, HCC, L&T, BHEL are all set to move up with this positive news for them.Crude prices tumbled $5.33 to settle at $136.04 a barrel on the New York Mercantile Exchange, bringing oil's two-day drop to more than $9.The Dow rose 152.25 to 11,383.21.Gold, silver, copper, corn and most other agriculture futures sank as oil fell. A rise in the dollar rose against other major currencies also made commodities less expensive.The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.Overall it's a buy on dips today for indian market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 08/07/08

Market closing in cautious note after Left withdrawal announcement and ahead of nuclear deal signing

It was selling at opening bell today and nifty made a low of 3896 and high recorded waas 4028.Left parties finally announed they are withdrawing from the government today and market even after getting this news was not going down much and instead moved on the upper side crossing 4000 and closing around 4000 again.Volatility keep continuing in the market because of all these political news.Tomorrow is the big day of nulclear deal signing and if this gets through smoothly, again there will be buying from low's tomorrow.Better to adopt wait and watch policy now.Today selling was seen in oil refinery, technology, telecom, private banking, realty, FMCG, select power and auto stocks.Asian and European markets have collapsed like a pack of cards on account of renewed credit concerns in US and UK

Stock watch for the day:

Tata Power : This was given a short call with stop loss 1130 for targett 1045 and it made 1000 low

Following calls were given in yahoo messenger for clients:

Clients has a terrific day today with huge profits

Buy Nifty Futures around 3840 with stop 3820 and it made 3885 and gave cover order

Buy Nifty Futures around 3875 with stop 3860 and it made 3910 and gave cover order

Buy JSW Steel around 800 with stop 795 and it made just 806 and then stop loss hit

Short Reliance Industries around 1960 with stop 1975 for 1930 and it made exact 1930 ....good profit

Buy Adlabs around 377 with stop 372 and it made 398 ....huge profit

Buy India Info at around 595 with stop 585 and it made 624....huge profit

Buy Reliance Capital around 988 with stop 982 and when it made 1043, told to cover position ....huge profit

Buy RCom at 415 with stop 411 and when it made 420, told to cover position

Short Adlabs at 404 with stop 406.2 and it made just 401 and then small stop loss hit

Short Reliance Industries around 1980 with stop 1995 and when it made 1965, told to cover position

Market outlook 08/07/08

Volatile market for next 2 day's....!!

Though market opened strong yesterday, it failed to cross the first hurdle at 4115 and tumbled.Moreover selling in reliance industries in the last hour brought the index down at the end closing near 4000 again.Negative news keep coming in which is not letting market move much and these day's as i said, market movers are "NEWS".Tomorrow is again a big day of nuclear deal signing and lots of volatility might be seen in next 2-3 day's for sure. MTN deal with RCom will be decided mostly today and there might be some moves on RCom on this news also.Market is definitely oversold and will move strongly on upperside once this clear picture emerges in political side.The Dow fell 56.58 to 11,231.96. Light, sweet crude fell $3.92 to close at $141.37 a barrel on the New York Mercantile Exchange, after falling by more than $5 a barrel at times is also a good sign for the market and if the inflation also comes down below 10 %, it will be a major plus for the market and after all these bad news flow all these day's we may be in with lots of positives coming in the coming day's....! For today, if nifty breaks 4045 it will again retest 4115 resistance and failure to break will invite selling again and on downside, if nifty breaks 4000 strong support, it will retest 3960 support again.

Stock watch for the day:

Tata Power (1085): Short this stock on raise with stop loss 1130 for targets 1060-1045

Intraday Call performance 07/07/08

Volatile market and news based moves continue....

Market started on a strong note and even made high above 4100, but could not cross my resistance level told here at 4115 and started sliding down and even tested 4000 strong support but never broke it and closed around 4000 again.Trading was volatile today and though selling came to hevaily in last hour of trading.Stocks like SBI, ACC were al trading on positive sides today and RCom was trading negative along with BHEL and others. News based moves are seen in the market and next 2 day's of trading will see lots of volatility now.

Following calls were given in yahoo messenger for clients:

Clients saw one more good profitable trading day today

Short Nifty Futures around 4070 with stop 4085 and when it made 4015, gave covering order

Short Bombay Dyeing around 568 with stop 574 and it made 548

Short LITL around 292 with stop 295.5 and it made just 288 and it hit the small stop loss

Short Hero Honda at 690 with stop 695 for 680 and it made exact 680

Buy Adlabs at 405 with stop 399 for targets 425-435 and it made 419

Short JSW Steel around 815 with stop 822 made 812 and then gave cover call at 816

Market Outlook 07/07/08

The future is not something we enter. The future is something we create....

Markets have come up from low's and moving upwards now and if not political crisis, this could have been good rally towards 4500 for sure.But now, one must also consider the political actvities running around -as much attention seems to be on politics rather than inflation or crude figures.Oil has gone up in record figures and in coming times, it will slide down and so does the inflation figures and finally market will be in total bull hands as it is in bear hands now.Mulayam is also giving confusing statements day by day and even Left parties are delaying things and it's all confusing situations.Unless this political things come down, volatility will go on continuing.Dow was closed for 2 day's and oil is near to $150 now.For today,nifty above 4000 wil try for first big resistance around 4100-4115 area and if crosses this then all chances of testing 4200 is high and if fails to cross first resistance, then selling might emerge again.Downside, below 4000 nifty will find strong support at 3965.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 04/07/08

News based volatile market

volatility continued in the indian market and today being the day of hectic political activities with Samajawadi Party about to join the government and Left about to withdraw from the government.Trading was too volatile today with moves on both sides and market started the day with little upper side from yesterday's closing and then gained momentum just before inflation numbers came which surprisingly came below 12% as Inflation for week ended June 21 has come at 11.63% versus 11.42% and market discounted this small surge in inflation and reacted well bosting nifty movements on the upper side and then after sometime came down heavily and then again recovered well to go well past 4000 and even closed in green above 4000.Stocks like Reliance Capital which was boosted by news of S.P joning the government exploded from low of 860 level to make a high of 992 in today's trade.This was even told here in the market outlook section today.Today, L&T, Reliance Industries, ICICI Bank, Reliance Communication, ITC, BHEL, HDFC, DLF and ONGC were big contributors to both indices.

Stock watch for the day:

ICICI Bank: This was given a sell call below 570 for targets 555 and it made a low of 560

Following calls were given in yahoo messenger for clients:

Clients continue enjoying profits here irrespective of volatile market conditions

Short Nifty Futures around 3930 with stop 3955 and it just made 3920 and then stop loss hit

Short Nifty Futures around 3970 with stop 3985 and it made 3935 and told all to cover position

Short ICICI Bank at 584 with stop 589 and it made 563....very good profit

Short Cairns around 255 stop 258 and it made 246....very good profit

Short RCom around 405 with stop 407 and it made just 400 and then hit the small stop loss

Short SBI around 1125 with stop 1130 and it made 1100

Market Outlook 04/07/08

Nifty very near to form long term base now

These day's markets are too volatile and yesterday in the begining hours only it crashed below 3900 and though in the late afternoon it made a violent attempt to move above 4000, it didn't succceed as severe selling emerged again that took nifty back to 3900 levels and this shows that the bear market is still alive and strong, and yesterday's trading has confirmed that.The major concern for indian market is now seems to be the nuclear deal and the stability of the government.Once the threat goes off and crude eases then bullish breakout will emerge taking nifty above 4500 for sure.The news of 3 ministerial berths to Samajwadi Party may also boost R-Group stocks and we may expect blast in R-Group stocks again.It's all manipulations in the market and before that major blast, they seems to be taking R-Group to lower levels first and then blasting from bottom is a strong possibility.The Dow rose 73.03, or 0.65 percent, to 11,288.54.The dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude settled up $1.72 at a record $145.29 per barrel on the New York Mercantile Exchange after trading as high as $145.85 - also a new record.For today, nifty will face strong resistance at 3975 and failure to cross this will invite selling and nifty is likely to test 3900 first and then 3850 is strongest support for today.Today being the last day of the week, market can be volatile again with moves on both sides.

Stock watch for the day:

ICICI Bank (572): Short this stock on break of 570 for targets 555-545. Above 570, it looks strong.

Intraday Call performance 03/07/08

Market struggling to find the base for long term now..

Market opened weak due to surge in crude oil and negative global cues and nifty even broke 3900 in the early morning session itself and made a low of 3874 -a whoping 223 points down from high.yesterday it was 260 points jump from low and today 223 points down from high..! Though nifty made a violent pullback in the late afternoon, it couldn't sustain at higher levels and collapsed in the last hour again.Market is struggling to find the base for long term now and it is obvious that 3600-3800 range will be the most obvious base for long term.Today, stocks like Tata Steel, Reliance capital, DLF, Reliance Industries were all big losers.

Following calls were given in yahoo messenger for clients:

Clients enjoyed super duper profits again in this voaltile panic market conditions..!!

Buy Nifty Futures around 3885 with stop 3860 and it made 3922

Buy Reliance Capital around 890 with stop 878 and it made 904 and then came back to hit stop

Buy RCom around 394 with stop 389 and it made 405....good profit

Buy JSW Steel around 715 with stop 700 and it made 756....super profit

Buy LITL around 248 with stop 242 and it made 262....super profit

Buy Reliance Capital around 875 with stop 864 and it made 915....super profit

Market Outlook 03/07/08

Will the market sustain its momentum..!

It was huge buying from lower levels yesterday and that made nifty zoom to 4108 from 3848 (whopping 260 points) in a single day.Higher level selling is expected today and it's difficult to maintain the same momentum today also.Crude oil hit a record $144.32 a barrel in after-hours trading after reaching a record settlement of $143.57, an advance of $2.60 on the New York Mercantile Exchange as the government reported a bigger-than-expected drop in U.S. supplies and as investors worried about tensions in the Middle East.The Dow fell 166.75, or 1.46 percent, to 11,215.51, the lowest close since August 2006.Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road.So, still so much of negatives are emerging, but market is almost into making the long term base around 3700-3600.For today, if nifty moves above 4110, it will first try for 4165 and failure to cross will invite heavy selling and if breaks 4165 then 4200-4220 will be very very tough resistance to cross for sure.On downside, below 4100 nifty wil again try for 4000 support zone and break of it will turn the things bearish again.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 02/07/08

Huge recovery from lows..!!

Though nifty trading low for first 2 hours of trade and made a low of 3848 and then gained tremendous momentum suddenly to lift the market to a whopping 260 points gain making high of 4108 and closing positive around 4100.Whetehr this upmove is a fake one or real buying will be known in 2-3 days and as of now buying has come very strongly from low's.Stocks like RIL, Infosys, HDFC, ICICI Bank, ONGC, DLF contributed more to this upmove and over that European markets also played very positive adding to the positive sentiments of the market.

Stock watch for the day:

Nalco: This was given a buy call with stop loss 342 for target 360 and it made a high of 357

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3875 with stop 3900 and it made just 3860 and then stop loss hit

Short SBI around 1040 a with stop 1055 and it made 1021 and thenw ent up to hit the stop loss

Short Bank of India around 198 with stop 203 and it hit the stop loss

Short JSW Steel at around 800 with stop 815 for target 750 and it made 758....HUGE PROFIT

Short Siemens around 375 with stop 379 for 365 and it made just 368 and then zoomed to hit the stop loss

Market Outlook 02/07/08

Bounce from low possible today and crash from high levels again..!

It was a horrifying day of fall for indian stock market yesterday and more surprisingly nifty broke 4000-which was a very strong support very easily and this indicates the manipulation at very strong hands and nifty made a low below 3900 in yesterday's trade..as it reached a low of 3878.....! The Dow Jones industrial average, down more than 150 points earlier, rose 32.25 to 11,382.26 and crude Oil settled at a new record of $140.97 a barrel on the New York Mercantile Exchange after rising above $143 a barrel earlier as worries about tight supply and mounting tensions in the Middle East continued.The economy which is still weak due to soaring commodities prices and the credit crisis is not showing any positive signs of strong pull back.Indian political situations are also not good at this point of time.For today, nifty above 3900 will move towards 3945 resistance where heavy selling is expected again and if nifty gets past 3945, chances of testing 4000 is strong.Higher levels will face selling and on downside, nifty below 3900 has strong support at 3860 and break below will create panic again and nifty will drop to 3840 and 3800 then

Stock watch for the day:

Nalco (350): Buy this stock with stop loss 342 for target 360.If moves below 342, it is not a buy.

Intraday Call performance 01/07/08

Market in deep red again....!

Though nifty was trading above 4000 in the morning session, buying interest was not there and as told here, once it broke 4000 huge support, it was selling aggressively that took nifty straight to make a low of 3878 and again closing was very weak below 3900 range.Market breadth was extremely weak .Manipulators seems to be hell bent on taking nifty more downwards now as they took crude to record high's.Huge sell off in European markets fueled to negative sentiments.ICICI Bank, Reliance Industries, Reliance Communication, Relaince Capital, HDFC, SBI, DLF,ONGC were all pulling the market down today.

Stock watch for the day:

Axis Bank: This was given a buy call with stop loss 585 for taregt 620 and the stock just made 610

Following calls were given in yahoo messenger for clients:

It was a good day of trading for my clients

Buy Nifty Futures around 3940 with stop 3930 and it made 3966

Short LITL around 283 with stop 285 and it made 276 and then hit the small stop loss

Short Reliance Capital around 930 with stop 940 and it made 865

Short Siemens around 377 with stop 381 and it made 362

Buy LITL at 289 with stop 286.7 and it made just 292 and hit the small stop loss

Market Outlook 01/07/08

Fear of breaking 4000....!

Yesterday, it was allround panic which took nifty to make a low of 4022 and till nifty saves 4000 big support, there will be some upside and today also low opening will invite buying, but higher levels will face selling pressure again.Fear of breaking 4000 is more as buying is still not coming strongly.Probably there is still more downside left in the market and one thing is sure-that long term stock picking time is nearing....yesterday, DJIA and S&P 500 closed with minor gain and Light, sweet crude for August delivery lost 21 cents to settle at $140.00 a barrel on the New York Mercantile Exchange. In early electronic trading, the contract hit a record $143.67. For today, nifty will face first resistance at 4065 and if crosses that 4110 will be very very tough resistance and heavy selling might come there.On downside, 4000 is very strong support and below that one more support at 3975.

Stock watch for the day:

Axis Bank (605): In lower opening, buy this stock with stop loss 585 for target 620-625.