Intraday call performance 29/08/08

Market ending the week in bullish mode

It was a very strong opening for nifty today as well supported by strong global cues and inflation figures which was surprisingly lesser than last time around.Even lower GDP growth didn't effect the bullish market today as front line stocks were all very explosive today.Nifty at 4360, up 146 points from the previous close.The market breadth was positive with advances at 997 against declines of 249 on the NSE. Nifty gainers included PNB, Tata Motors and ICICI Bank while only Cairn India was down.The Asian markets closed firm while European markets were trading mixed.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4315 with stop loss 4335 for target 4290 and it made 4283

Short Nifty Futures around 4365 with stop loss 4381 for target 4340 and it made 4337

Short Aban Lloyd around 2070 with stop loss 2084 and it made 2045

Short Reliance Industries around 2120 with stop loss 2135 and later told to cover around 2124

Short SBI around 1375 with stop loss 1382 and small stop loss hit

Short JSW Steel around 770 with stop loss 775.5 for target 755 and it made 756

Short ongc around 1020 with stop loss 1028 and told to cover around 1019

Short Reliance Capital around 1340 with stop loss 1352 and later told to cover around 1338

Short Reliance Capital around 1355 with stop loss 1361 for target 1340 and it made 1344

Market Outlook 29/08/08

Market near major supports

Yesterday nifty once broke its support of 4280 came down heavily to 4200 as expected and there was also heavy selling from index heavy weight Reliance Industries.Now the last big support is at 4160 on any downside below 4200. Now Inflation numbers dropped to 12.40 from 12.63 and this is little positive for the market and global cues are also positive as The Dow Jones industrial average jumped more than 200 points yesterday to close at 11,715.18-up by 212 points after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up.Light, sweet crude fell $2.56 to settle at $115.59 on the New York Mercantile Exchange.So, taking these positive cues if nifty holds on to 4200 can make 4280 again which has to be watched out and failure to cross can invite heavy selling again.Below 4200, nifty has strong support at 4160 and break of that may create panic.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 28/08/08

Last hour selling as expected

Though market started on a low note breaking 4280, it was trading in a range without moving much on either direction for most part of the morning session.The last hour brought in severe selling and nifty closed at 4214, down 78 points from the previous close.Major sell off in heavyweights started dragging markets lower in second half of session.The Asian markets closed mixed while European markets were weak.The market breadth was negative with advances at 305 against declines of 957 on the NSE. Top Nifty gainers included Suzlon, Tata Power and Hero Honda while losers included Hindalco, TCS,Reliance Industries, Reliance Communication, BHEL, TCS, L&T, ICICI Bank, and Siemens.
Inflation data announced.....down to 12.40% Vs 12.63%

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4280 with stop loss 4290 and it made 4265

Short Reliance Capital at 1280 with stop loss 1288 and it made 1265

Short Tata Power around 1020 with stop loss 1025 and it hit the small stop loss

Short Adani Enterprises around 569 with stop loss 573 and it made 551

Short Suzlon around 209 with stop loss 210.5 and it made just 207.9 and then hit the small stop loss

Market Outlook 28/08/08

Market may face severe selling at higher levels

Though market opened above 4300 yesterday, it couldn't sustain above 4340 for most part of the session nad for today 4340 will act as key and below that it might even crash to 4200.Today, market will be very volatile due to expiry and also inflation nubers to be announced in the evening.On global front, The Dow Jones industrial average rose 89.64 to 11,502.51 after rising more than 140 points.Light, sweet crude rose $1.88 to settle at $118.15 per barrel on the New York Mercantile Exchange on worries that Tropical Storm Gustav could enter the Gulf of Mexico as a hurricane and disrupt oil and natural gas production.More worrying factor is also of Reliance Industries breaking down all its supports.For today, nifty above 4300 will face strong hurdle at 4340 where heavy selling not ruled out and if it crosses 4340 one more heavy resistance is at 4380 and on downside 4280 is the strong support and once it breaks 4280, panic will be created in market and nifty will slip to 4250 first and then to 4200.

Stock watch for the day:

Today's calls only for clients

intraday call performance 27/08/08

Market ending weak ahead of expiry day

It was range bound market with low volume and market was facing selling at every raise and in the last hour of trading, sudden panic set in to take nifty down towards 4380 strong support, which is still protected and not broken.Now tomorrow's opening is interesting and volatile movements will continue for this weak.News of CRR hike was also dragging market down to some extent today.Nifty at 4292, down 45 points from the previous close.The market breadth was negative with advances at 456 against declines of 799 on the NSE. Top Nifty gainers included Dr Reddy, Hero Honda and Hindalco while losers included DLF, Unitech and ICICI Bank.On the Global front, Asian markets closed mixed while European markets are still trading in red.

Stock watch for the day:

Kotak Bank: This was given a buy call with stop loss 586 for target 615-620 and it made 609 high

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4320 with stop loss 4300 and when it made 4335 gave cover order

Short Nifty Futures around 4330 with stop loss 4340 and seeing market picking up, gave cover order around 4332

Buy Nifty Futures around 4325 with stop loss 4310 and it made 4348....GOOD PROFIT

Buy Kotak Bank around 591 with stop loss 586 and it made 602....GOOD PROFIT

Short Tata Power around 1024 with stop loss 1030 for target 1005 and it made 1006....GOOD PROFIT

Short Reliance Industries around 2155 with stop loss 2165 for target 2130 and gave cover order at 2140....GOOD PROFIT

Short Suzlon around 208 with stop loss 210.5 for target 203-198 and it made exact 203....GOOD PROFIT

Short JSW Steel around 753 with stop loss 756.2 for target 740 and it made 739....GOOD PROFIT

Market Outlook 27/08/08

Market taking supports and volatile

Yesterday indian market didn't take any negatives of global cues and this is only because of expiry setting up and today it looks good, but volatility will continue for this week.On global scenario,The Dow Jones closed up 26.05 points at 11,412.30 and U.S. crude settled up $1.16 at $116.27 a barrel.Oil is raising and is little concern now and market mover Reliance Industries is struggling a lot and unless it clears its hurdles at 2220 and 2250, it will remain weak only and will face selling at higher levels.Lots of volatility is seen in this expiry time.For today, if nifty breaks above 4340, it will face strong hurdle at 4380-4390 and failure to cross will invite heavy selling and if gets past that resistances it will race to 4420. On downside, 4280 will act as strong support for nifty today.

Stock watch for the day:

Kotak Bank (598): Buy this stock with stop loss 586 for target 615-620

Intraday call performance 26/08/08

Volatile day ending flat

Though market opened low, buying came in as expected and due to expiry effect, trading was too volatile today.Buying interest was seen in banking, capital goods, power, cement, select technology and auto stocks.The market breadth was negative with advances at 524 against declines of 712 on the NSE. Top Nifty gainers included HDFC Bank, Satyam and PNB while losers included Suzlon, Reliance Industries and Tata Steel.The Asian markets closed in the negative while the European markets were trading weak.The Most interesting part of today's trading was indian market was not effected by negative global cues and this might be because of expiry on thursday.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4305 with stop loss 4315 and it made just 4298 and then stop loss hit

Short Nifty Futures around 4325 with stop loss 4340 and it made 4307

Short Ranbaxy around 512 with stop loss 514.2 and small stop loss hit

Short Aban around 2220 with stop loss 2230 and it made 2140....HUGE PROFIT

Short Reliance Capital around 1244 with stop loss 1250 and it made 1236 and then hit the small stop loss

Buy Reliance around 2150 with stop loss 2145 for target 2180 and it made 2187....GOOD PROFIT

Short Reliance Capital around 1275 with stop loss 1285 for target 1250 and it made 1253

Market Outlook 26/08/08

Market facing severe volatility due to expiry

Though market opened strong yesterday, it struggled exactly around first resistance given at 4380 and even for today, 4380 will hold the key and if nifty doesn't get past 4380, it will be weak for today.Global cues are also negative today.Financial worries dragged U.S markets down again and DOW dipped more than 240 points and Bond prices also jumped as investors fled to the safety of government debt.The Dow industrials fell 241.81 to 11,386.25.Light, sweet crude rose 52 cents to settle at $115.11 per barrel on the New York Mercantile Exchange after Tropical Storm Gustav formed in the Caribbean.For today, if nifty trades above 4350 then first resistance will come around 4380 and failure to crossover will invite heavy selling again and downward supports are at 4300 and then 4250.Be carefull if nifty opens weak, as it might recover later.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 25/08/08

Market closing flat after volatile day of trading

As expected, market opened high and was struggling exactly around 4380 leevl for long time in the morning sessiona nd then collapsed to make a low of 4320 level as metal, power, capital goods and oil stocks were dragging the markets down and nifty finally closed flat at 4335, up 7 points from the previous close.Asian markets closed stronga nd Europe closed weak today.The market breadth was negative with advances at 621 against declines of 624 on the NSE. Top Nifty gainers included HDFC, DLF and ICICI Bank while losers included Suzlon, Tata Power,Suzlon Energy,Aban and Unitech.

Stock watch for the day:

Adlabs Films: This was given a buy call with stop los 495 for tragte 515-525 and it made 519

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4375 with stop loss 4365 and it made just 4393

Buy Nifty Futures around 4360 with stop loss 4348 and it made just 4373

Buy Tata Power around 1048 with stop loss 1038 for target 1075 and it made 1061 and then came down crashing

Buy Reliance Capital around 1270 with stop loss 1268 and it made 1284

Buy Reliance Indutries around 2265 with stop loss 2250 and stop loss hit

Short Aban Lloyd around 2195 with stop loss 2205 for target 2170-2155 and it made 2151

Buy Reliance Industries around 2250 with stop loss 2245 and it made just 2258 and then gave cover order at 2251

Market Outlook 25/08/08

Market may open higher today

After opening low, indian market recovered well and also closed in positive zone and well set to make highs today.On global front, cue are very positive.The Dow rose 197.85 to 11,628.06, near its highs of the session.Crude oil prices fell more than 5.4 percent on Friday in the biggest one-day slide since 2004 as dealers turned their focus to rising supply levels and weakening global demand.U.S. crude fell $6.59 to settle at $114.59 a barrel - the biggest fall in percentage terms since December 27, 2004.For today, nifty above 4330 will face first hurdle at 4380 and cross over will invite heavy buying.Support for nifty is at 4290.It's a buy at every dips today.Still come concerns are there for indian market as RBI may take crucial steps again fro controlling higher inflation and of NSG meeting which is still not concluded.But for today, sentiments are very positive.Tata Motors may be volatile today because of its problems in west bengal.

Stock watch for the day:

Adlabs (502):-Buy this stock with stop loss 495 for target 515-525

Intraday call performance 22/08/08

Market opening low and ending positive

Market opened weak as expected making a low of 4248 and then recovery came in due to strong European markets to take nifty to a high of 4337.Nifty closed at 4327, up 43 points from the previous close.The market breadth was negative with advances at 558 against declines of 662 on the NSE.Top Nifty gainers included Hindalco, SAIL and HDFC while losers included Satyams, BPCL and NTPC.Now, if the global factors are positive, and if there are less negative news market might just take off from here and will be interesting to see next week opening.If there comes any negative news, market might get effected a bit and otherwise market is set for upmove now.Market mover Reliance Industries also should move to give a boost to the weak market sentiments.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4280 with stop loss 4295 and it made 4261

Short Bank of India around 255 with stop loss 256 for target 250-245 and it made 252.2 and then hit the stop loss

Short JSW Steel around 768 with stop loss 770 for target 750 and it made 752

Short Reliance Capital around 1230 with stop loss 1236 and the small stop loss hit

Short Reliance Capital around 1240 with stop loss 1246.5 for target 1220-1200 and it made 1223

Short Reliance Infra around 967 with stop loss 971.2 and it made just 958 and then hit the stop loss

Short Reliance Indutries around 2262 with stop loss 2270.5 for target 2230 and it made 2225

Market Outlook 22/08/08

Watch out for opening today

Overall it was a very bad for indian market yesterday as it crashed to make a low of 4270 and now that inflation figures came out as 12.63% for the week ended August 9 is again bad for the market and RBI CRR hike fear will be there again when they meet next because of this high inflation figures and on the global scenario, The Dow Jones industrial average rose 12.78 to 11,430.21. It was the second straight session of moderate gains for the blue chips after heavy losses the first two days of the week.Crude oil spiked above $5 a barrel as traders became rattled over increasingly hostile Russian rhetoric toward a U.S.-Poland deal to install a missile defense system in Eastern Europe- a move Moscow views as a threat and finally settled at $121.18 a barrel on the New York Mercantile Exchange.So, even now the cues are bad and though market is oversold, still some downside might be there.For today, if nifty breaks above 4295 it will find first resistance at 4330 and crossover will find another big resistance at 4380 and unless this level is crossed, any raise will invite selling and on downside, if nifty breaks 4270 support area, it will slide to 4235 first and then to 4200 support area.Today being the last day of the week, be carefull in trades.If there is low opening, be cautious in shorting as recovery may come from initial panic.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 21/08/08

Nifty reaching my downward target given few days back

Market crashed as expected and made my down target told a few day's back.It was really a bad day for indian market after closing in positive zone yesterday as it made a low of 4270 straight today and closed around that level.Expectation of inflation figures coming high and weak European and Asian market also contributed to more downfall in the market.The market breadth was negative with advances at 201 against declines of 1062 on the NSE.The CNBC-TV18 poll suggested inflation may come around 12.62% for the week ended August 9 as against 12.44% in earlier week.Major contributors for this free fall are SBI, Reliance Ind, ONGC, DLF, ICICI Bank, Reliance Comm, BHEL, HDFC, HDFC Bank and Bharti Airtel.Top Nifty gainers included Cairn India, Ranbaxy and ABB while losers included NTPC, HDFC Bank and DLF.

Following calls were given in yahoo messenger for clients:

Good day of trading for clients ......

Buy Nifty Futures around 4340 with stop loss 4325 for target 4365 and it made 4357

Buy Nifty Futures around 4315 with stop loss 4300 for target 4340 and it made 4343

Buy Tata Power around 1029 with stop loss 1020 for target 1045 and it made 1038

Buy Bank of India at 252 with stop loss 251 and it made just 255 and gave cover order around 253

Short Reliance Infra at 990 with stop loss 996 and it made 947, but gave cover order around 955

Buy SBI around 1375 with stop loss 1374 and it made just 1383 and then hit the small stop loss

Short Reliance Capital around 1260 with stop loss 1262 and it made just 1251 and then hit the small stop loss

Buy Reliance Capital around 1256 with stop loss 1250 and it made 1269

Market Outlook 21/08/08

Market will witness selling at higher levels

Though indian market was very positive yesterday and also closed positive above 4400, higher level selling might be witnessed today.The Dow Jones industrial average rose 68.88, or 0.61 percent, to 11,417.43 after being down by nearly 60 points and up more than 100.Light, sweet crude rose 45 cents to $114.98 per barrel on the New York Mercantile Exchange, after alternating between gains and losses.The dollar rose against other major currencies. Gold prices also rose.Asian markets are trading in red and indian market will definitely face selling today at higher levels.For today, nifty spot will face hurdle at 4440 like yesterday and if breaks 4440, will go towards 4470-4480 where heavy selling will come.On downside 4380 will be important support to be watched and break of that may go to 4350 and then to 4325.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 20/08/08

Market closing positive with low volume

Indian market started very positive above 4400 and was range bound for most of the morning session and trading volume was very low and then buying came in the later half of the afternoon session taking nifty to a high of 4435.Positive Asian and European cues was also being supportive for markets.Market major Reliance Industries and other R-Group stocks which started moving today was also a major boost to the market.The market breadth was positive with advances at 878 against declines of 371 on the NSE.Top Nifty gainers included SAIL, Reliance Communications and ABB while losers included ONGC, Suzlon and Cairn.Most active shares on the bourses were Reliance Industries, Reliance Comm, ICICI Bank, Reliance Infra and HDFC.Moving forward, nifty has to still cross two major resistances at 4440 and 4500 and if fails to cross any of these resistances, dowfall may start again.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4420 with stop loss 4440 and when it made 4400, told to cover the position

Short Nifty Futures around around 4332 with stop loss 4340 and it hit the small stop loss

Buy Sail around 141 with stop loss 139.8 for target 146-149 and it made 149.7

Buy Tata Power around 1024 with stop loss 1019 for target 1045-1060 and it made 1037

Short Infosys around 1700 with stop loss 1715 and it made 1686

Short Reliance Industries around 2240 with stop loss 2248 for target 2220-2200 and it made 2224

Short Kotak Bank around 580 with stop loss 584 and it made just 577 and then hit the stop loss

Market Outlook 20/08/08

Interesting day of trading ahead....!

It was a volatile day of trading for indian market yesterday and for today, it looks interesting though.On global scenario, cues are negative as The Dow fell 130.84 to 11,348.55, after losing 180 points on Monday. It was the worst two-day performance for the blue-chip index since late June and also Light, sweet crude for September delivery rose $1.66 to settle at $114.53 on the New York Mercantile Exchange, after alternating between positive and negative territory earlier in the day. The September contract expires Wednesday, adding to the volatility.In Indian market yesterday, FII's were net sellars of 475 crores in cash segments .For today, if market opens low, buying might come again from low with 4315 as support and if 4315 is broken, next strong support will be only at 4265.On upper side, nifty will face resistance at 4400 and 4440.So, for today the range to watch out for is 4315-4400.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 19/08/08

Nifty closing flat after recovery in last hour

As expected, nifty opened low breaking support of 4380 and was trading in a narrow range for most part of the day and then slided heavily to make a low of 4316.Weak global cues also played a key role in todays trade.Frontline indices had opened weak and traded sharply lower throughout the day due to renewed credit concerns in US financial space, which is not over yet.
On the global front, Asian markets and Europian market ended in negative terrain.In the last hour of trading buying came in again pulling market up again and closing little down from yesterday's close. The market breadth was negative with advances at 461 against declines of 775 on the NSE. Top Nifty gainers included Hindalco, RPL and ICICI Bank while losers included ACC, Idea and Maruti.

Stock watch for the day:

Sail :This was given a short call with stop loss 143.5 for target 136 and it made just 137.9

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4375 with stop loss 4385 and it made 4364 and then hit the stop loss

Short Nifty Futures around 4380 with stop loss 4390 for target 4360-4340 and it made 4330

Short Tisco around 598 with stop loss 603 and stop loss hit

Short Reliance Industries around 2220 with stop loss 2230 and it made just 2212 and then hit the stop loss

Short Sail around 142 with stop loss 143 for target 136 and it made just 140 and then small stop loss hit

Short Reliance Industries around 2230 with stop loss 2250 for target 2200-2175 and it made 2195

Short Reliance Capital around 1275 with stop loss 1280 for target 1250 and it made 1245

Short Bombay Dyeing around 536 with stop loss 540.5 and smal stop loss hit

Market Outlook 19/08/08

Gap down opening expected

Well, it was a weak market yesterday with nifty breaking down and just saving the crucial support of 4375.But, today, this might be well broken in low opening itself and next support will be at 4340 and the most crucial is at 4265.On global scenario, he Dow Jones industrial average fell 180.51 to 11,479.39. The Dow had been down about 225 points at its lows of the session.Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.Oil prices declined slightly after briefly jumping above $115 per barrel as Tropical Storm Fay approached Florida, but appeared unlikely to disrupt installations in the Gulf of Mexico. Light, sweet crude fell 90 cents to settle at $112.87 a barrel on the New York Mercantile Exchange, after rising as high as $115.35.On Monday, the dollar was mixed against other major currencies, while gold prices rose.For today, nifty will face resistance at 4405 and then at 4450.

Stock watch for the day:

SAIL (140): Short this with stop loss 143.5 for target 136-134.

Intraday call performance 18/08/08

Market closing in red again..

Today Market opened flat and remained rangebound just above 4400 and later on it tried crossing 4440 crucial resistance, but failed to stay above that and came down heavily to make a low of 4380 and weak Asian and European markets also fueled to negative sentiments of the market and closed at 4393, down 37 points from the previous close.The market breadth was negative with advances at 372 against declines of 889 on the NSE. Top Nifty gainers included HDFC, Dr Reddy's, Satyam and L&T while losers included Gail, Grasim, Hindalco, Reliance Comm, and ABB.

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients

Short Nifty Futures around 4445 with stop loss 4455 and it made 4422

Short Sail around 142 with stop loss 143.2 and when it made 138, gave cover call

Buy Bajaj Hindustan around 176 with stop loss 175.5 and it made just 179 and then hit the stop loss

Short India Info around 153 with stop loss 155.5 for taregt 146-142 and it made 143.2

Short Reliance Infra around 995 with stop loss 1000 for target 970-953 and it made 963

Short SBI around 1455 with stop loss 1465 for target 1430 and it made exact 1430 target

Buy Reliance Industries around 2215 with stop loss 2204 for target2250 and when it made 2244, gave cover call

Market Outlook 18/08/08

Market at crucial supports now..!

Nifty has broken all in between supports on thursday and made a low of 4421 and now that Inflation data also released on thursday showed further jump in numbers to record 12.44..! On global front, The Dow Jones industrial average rose 43.97 points to 11,659.90.The price of oil fell $1.24, or 1.1 percent, to settle at $113.77 a barrel.The dollar's recent jump suggests to some that the health of the U.S. economy could improve. For today, if nifty remains below 4440, it will first test 4400 and then will slide to strong support level of 4375.If nifty breaks 4440 on upper side, it will restest it's resistance at 4485 and unable to cross will invite heavy selling again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 14/08/08

Market closing in deep red

As expected and told here, market broke 4500 and played around the strong support area of 4470 and once it broke this support, it was obvious of going towards 4440 and 4400 and nifty did make a low of 4421 and closed at 4430, down 98 points from the previous close.It seems that local traders likely to unwind their positions ahead of long weekend.The market breadth was negative with advances at 256 against declines of 1011 on the NSE.Top Nifty gainers included Infosys, Satyam and Cairn while losers included DLF, PNB, Bombay Dyeing and Unitech.On the global, Asian markets closed mixed while while European markets stayed firm

Stock watch for the day:

Adlabs :This was given a short call with stop loss 565 for target 530 and it made 511

Following calls were given in yahoo messenger for clients:

Gave an early call to quit intraday today with whatever profits

Short nifty futures around 4480 stop 4496 for target 4460-4450 and it made 4456

Buy Nifty Futures around 4570 with stop loss 4550 for target 4620 and told to cover anywhere between 4490-4500

Buy Reliance Infra around 1004 with stop loss 990 for target 1020-1040 and it made 1017

Buy Reliance Capital around 1355 with strict stop loss 1347 for target 1390 and it hit the small stop loss

Buy TV18 at 248 with stop 245 and it made 250 and then hit the stop loss

Buy India Info at 156 with stop loss 154.5 and it made 158

Buy Kotak Bank at 625 with stop 620 and it made 632

Market Outlook 14/08/08

Can market hold my first target 4470..!

Market trading was very dull yesterday and also may be because of SEBI meet on P-Notes issue and now that SEBI meeting is over and P-Notes issue though discussed nothing was concluded, market may break 4500 and test my first target of 4470 straight.On the global front-Light, sweet crude rose $2.99 to $116 a barrel on the New York Mercantile Exchange after the government said U.S. crude supplies fell unexpectedly last week.The Dow fell 109.51 to 11,532.96.The dollar was mixed against other major currencies, while gold prices rose.Among financial stocks, Bank of America Corp. dropped $2.27, or 7.3 percent, to $28.86, while Morgan Stanley fell $2.35, or 5.5 percent, to $40.15.There will be no respite from rising prices in the immediate run, with PM's Economic Advisory Council on Wednesday suggesting that inflation may touch 13 per cent while the GDP growth rate is expected to slide to 7.7 per cent from 9 per cent recorded last year.For today, nifty above 4540 will move towards 4575 again and failure to cross over, heavy selling will be witnessed and if nifty breaks below 4500-support for today, it has very strong support at 4470, and if breaks that then slide towards 4440 and 4400 is sure.

Stock watch for the day:

Adlabs Films (545): Short this stock at higher levels with stop loss 565 for target 530

Intraday call performance 13/08/08

Market closing weak again

Market opened weak and was trading in narrow range and though buying came in from low, never was stable at higher levels and started going down from high's and closed at 4529- down 23 points from the previous close.The market breadth was negative with advances at 514 against declines of 729 on the NSE.On the global front, Asian and Europian markets ended on weak note.Top Nifty gainers were Sterlite, Cipla and ABB and losers were ICICI Bank, HDFC Bank and DLF. SEBI board in a meeting is likely to review restrictions on P-notes as introduced in October 07 to review new norms introduced in last 10 months and primary market reforms.So, SEBI meeting is very important for the market now.

Following calls were given in yahoo messenger for clients:

Clients made good profits today

Short Nifty Futures at 4540 with stop loss 4550 and it made 4532 and then hit the stop loss

Short Reliance Capital around 1425 with stop loss 1446 for target 1390 and it made 1401

Short SBI around 1560 with stop loss 1576 for target 1500 and it hit the stop loss

Short Reliance Infra around 1100 with stop loss 1120 for target 1060 and it made 1058

Short Adlabs around 553 with stop loss 556 for target 540 and it made 539

Short Infosys around 1627 with small stop loss at 1630 and it hit the stop loss

Market Outlook 13/08/08

Nifty may well test 4500 now

Market witnessed a sharp sell off yesterday from highs and made a low of 4526 and chances of testing 4500 might be there today itself.On global front,The Dow fell 139.88 to 11,642.47 as downbeat news from JPMorgan Chase & Co. and other financial companies lifted the market's anxiety about the continuing impact of the credit crisis on the economy.The nation's second-largest bank JPMorgan by assets said in a regulatory filing it lost $1.5 billion, after hedges, in its mortgage-backed securities and loans this quarter, compared to $1.1 billion in the second three months of 2008. and Light, sweet crude settled down $1.44 at $113.01 a barrel on the New York Mercantile Exchange.The dollar was higher against most other major currencies, while gold prices fell.For today, nifty will face tough resistance around 4580 where selling might creep in again and on downside, below 4530 it may go to test 4500 strong support and if breaks that, then 4470 will remain the strongest support for today.So, watch out for 4530 and 4580 today.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 12/08/08

Markets closing in red ahead of crucial SEBI meet tomorrow

Though market started very positive above 4600 and nifty even made high of 4650, it couldn't sustain the momentum as market started sliding down in expectation of IIP numbers announcement at 12 P.M and made low of 4560 and then picked up again after IIP numbers came out at 5.4% and later again started sliding digesting the IIP numbers and closed weak. Experts on the market feel all eyes are on the crucial SEBI meet tomorrow.Nifty closed at 4552, down 68 points from the previous close.The market breadth was negative with advances at 401 against declines of 858 on the NSE. Top Nifty gainers included BPCL, Siemens and Cairn while losers included Tata Steel, Maruti and HDFC.On the global front, Asian markets ended weak.Below 4540 nifty will remian weak and only positive factor of today was of Reliance Industries breaking its long time resistance of 2350.

Following calls were given in yahoo messenger for clients:

A very good day of trading for all my clients

Buy Nifty Futures around 4625 with stop loss 4619 and hit the small stop loss

Buy Nifty Futures around 4585 with stop loss 4570 and stop loss hit

Short SBI around 1585 with stop loss 1600 for target 1550-1525 and it made exact second target at 1525....HUGE PROFIT

Buy Siemens around 565 with stop loss 559 for target 575-583 and it made 581....HUGE PROFIT

Short G.E Shipping around 402 with stop loss 405.5 for target 396-390 and it made 391....HUGE PROFIT

Buy Reliance Industries around 2325 with stop loss 2310 for target 2365 and it made 2365....HUGE PROFIT

Buy Adlabs around 551 with stop loss 547 for target 565 and it made just 553 and hit the stop loss

Short Adlabs around 554 with stop loss 557.2 for target 540 and it made 542....GOOD PROFIT

Market Outlook 12/08/08

Watch out for 4635 Nifty Spot

It was a very good day of trdaing for the market yesterday as also nifty closed above 4600 and today is an important day for the market.On the global front, After falling nearly $10 a barrel last week, light, sweet crude for September delivery fell another 75 cents to settle at $114.45 a barrel after briefly dropping below $113 a barrel mark, on the New York Mercantile Exchange. It was the lowest close since May 1.The dollar held at around 110 yen. A weak dollar helped boost oil prices earlier this year, because dollar-denominated commodities are often used as hedges against inflation and a falling U.S. currency.The Dow Jones industrials, up more than 130 points in afternoon trading, ended the day up 48.03 at 11,782.35 after crude oil prices pulled off their lows and the Federal Reserve said more banks are tightening lending standards.Europian markets also closed marginally up.For today, if nifty breaks above 4635 only further upmove will be witnessed which may take nifty towards 4670 solid resistance where heavy selling might be witnessed and if nifty fails to cross 4635 or stays below 4635, it will slide down to test 4575 support and break of which will take it to 4535.

Stock watch for the day:

Today's calls only for clients

intraday call performance 11/08/08

Market closing the day very strong

As expected, market opened very strong above 4600 and was struggling to cross the first resistance at 4640 and was trading range bound till afternoon first session and then buying came in and market closed very strong at 4620, up 90 points from the previous close.The cracking of crude oil price and positive European cues also helped markets to remain strong.IIP numbers are expected to be around 5.6% (which will be announced on Tuesday) as against 3.8%, as per CNBC-TV18 poll. This was also supporting markets a bit.The market breadth was positive with advances at 879 against declines of 382 on the NSE. Top Nifty gainers included Unitech, Maruti and ICICI Bank while losers included Sterlite, TCS and Tata Steel.

Stock watch for the day:

Adlabs :This was given a buy call with stop loss 550 for target 575-580 and it made 576

Following calls were given in yahoo messenger for clients:

It was a very good day of decent profits for clients

Short Nifty Futures around 4614 with stop loss 4619 and it made 4591....Good Profit

Short TCS around 850 with stop loss 856 for target 832 and it made 824....Very Good Profit

Short Wipro around 443 with stop loss 446.5 for target 430 and it made 431....Very Good Profit

Short Tisco around 663 with stop loss 666 for target 650 and it made 642....Very Good Profit

Short Reliance Industries around 2325with stop loss 2340 for target 2280 and it made just 2308 and gave cover order around this rate

Market Outlook 11/08/08

Global cues to boost indian market today

Indian market will take the positive cues from global market and expected to open high above 4540 today as The Dow Jones industrial average rose 302.89 points to 11,734.32 and Crude prices declined 7.9% for the week at Friday's settlement to $115.20 per barrel. They are now down 22% from the high they hit July.Europian markets have also ended positive.For today, the most important level for nifty is 4640 and if it doesn't break above this level, then selling will come at higher levels again and if breaks above 4640 buying will be more severe and nifty can even go to 4700 and on downside, very good supports will be at 4540 and 4460.Strange thing in indian market is still FII's are not coming in full numbers for buying.This week trading is very interesting as to see where this bull move will end.


Stock watch for the day:

Adlabs (559): Buy this stock with stop loss 550 for target 575-580

Intraday call performance 08/08/08

Market ending flat again due to lack of buyers

Weak global cues made indian market also open weak with more sellers emerging in the morning session and it was only in the afternoon session buying came in again from low and market closed flat with Nifty closing at 4529, up 5 points from the previous close.The market breadth was negative with advances at 596 against declines of 654 on the NSE.Good buying interest was seen in capital goods, metal, banking and power stocks while selling in technology, realty and select FMCG stocks.Top Nifty gainers included Sterlite, ONGC and Cipla while losers included Cairn, BPCL and Wipro.The Asian markets closed mixed while Europe was trading flat

Following calls were given in yahoo messenger for clients:

It was a good day for the clients today

Short Nifty Futures around 4520 with stop loss 4535 and gave cover order at 4470....VERY GOOD PROFIT

Short Siemens around 550 with stop loss 555 for target 540 and it made 540

Buy Reliance Infra around 1000 with stop loss 989 for target 1030 and it made 1039

Buy J.P Associates around 179 with stop loss 176 for target 185 and it made 185

Market Outlook 08/08/08

Market may open gap down today

It was severe volatile day yesterday as nifty was swinging between 4500 support and 4600 resistance area's and for today all global cue are negative and over that India's annual inflation has come in at 12.01% for the week-ended July 26, slightly above the previous week's annual rise of 11.98%. It's the highest inflation in the last 13 years.
Light, sweet crude for September delivery rose $1.44 to settle at $120.02 a barrel on the New York Mercantile Exchange, halting a steep three-day slide on expectations a one million barrel per day pipeline that supplies Western countries was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks.The Baku-Tbilisi-Ceyhan (BTC) oil pipeline, which pumps the more than 1 percent of world supply from fields in the Azeri sector of the Caspian Sea to the Turkish Mediterranean coast, was still ablaze after the Tuesday night explosion.The Dow fell 224.64, or 1.93 percent, to 11,431.43. It was the Dow's sixth triple-digit move in the past two weeks, illustrating how commonplace big swings in the indexes have become amid investors' uncertainty about the economy.For today, nifty below 4500 will go straight to 4460 and then 4432 is the support area.Above 4500, nifty willl face first resistance at 4530 and then 4580.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 07/08/08

Volatile market ending flat

Though market started above 4500, it was trading in a narrow range in the begining and then buying came in which took nifty near 4600 again making a high of 4580 and Then market witnessed profit booking in last hour of trade and closed flat at 4523 up 6 points from the previous close.Too volatile day for the market today.The market breadth is still positive with advances at 645 against declines of 617 on the NSE. Good buying interest was seen in auto, IT, metal, bank, and realty stocks.Inflation figures will be announced todya evening.Top Nifty gainers included Sterlite, Dr Reddy and Tata Motors while losers included BHEL, Bharti Airtel and Reliance Communications

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4525 with stop loss 4545 and it hit the stop loss

Short Nifty Futures around 4550 with stop loss 4565 and it hit the stop loss

Short Tisco around 654 with stop loss 662 and it hit the stop loss

Short SBI around 1525 with stop loss 1545 and it made just 1515 and then hit the stop loss

Short Wipro around 461 with stop loss 465.2 for target 445 and it made 446....VERY GOOD PROFIT

Short Tisco around 662 with stop loss 666 for target 645-632 and it made 636....VERY GOOD PROFIT

Short India Info around 750 with stop loss 756 for target and it made 724....VERY GOOD PROFIT

Market Outloook 07/08/08

Market around support area again

Market wintenessed heavy profit booking in the last hour yesterday and made nifty to come back to 4500 level from high of 4616 level.It seemed like indian market is tired of going up as has been doing for some days and seems like corrections taking place before it starts its upmove gaain.On the global scenario, cues are still positive with Light, sweet crude for September delivery finishing the session down 59 cents at $118.58 a barrel on the New York Mercantile Exchange. It was crude's lowest settlement price since May 2; prices earlier fell as low as $117.11, a $30, or 20 percent, drop from their trading high of $147.27, reached July 11.The Dow Jones industrial average rose 40.30 to 11,656.07, after having been down nearly 100 points early in the session.Reliance might play an important role today as yesterday it again came back from resistance level of 2350 as been told here and was never able to cross that even in gap opening..! For today, 4500 will be major support and remian above that nifty will move towards first resistance point at 4555 and then again 4600 will be tested again.On lower side break below 4500 might make nifty to test support at 4440.Higher levels selling will come again today for sure.Don't go for blind selling if there is a gap down opening.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 06/08/08

Market facing profit booking in the last hour

As expected market opened with gap up and made a high of 4615 and then faced selling slowly and in the last hour it was huge profit booking that even broke strong support at 4540 and made a low of 4504.Reliance Industries as mentioned here failed to cross 2350 ressitance again and closed below 2300 today.Buying was seen in auto, capital goods, technology and FMCG stocks while sell off seen largely in banks, metals, power and real estate stocks at institutional desk. On the global front, Asian markets ended higher following sharp run up in US markets and The European markets also were trading higher.Top Nifty gainers included Maruti, Tata Motors and TCS while losers included HCL Technologies, Tata Steel and SAIL.Nifty closed at 4517, up 14 points from the previous close.The market breadth was negative with advances at 567 against declines of 704 on the NSE

Stock watch for the day:

India Info :This was given a buy cal with stop loss 720 for target 780 and it made 775 and then faced selling to make a low of 696

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4560 with stop loss 4548 for target 4620 and gave cover call around 4620....HUGE PROFIT

Buy Essar Oil around 242 with stop loss 237.5 for target and it made just 244 and then hit the small stop loss

Buy DLF around 564 with stop loss 558 and it made just 568 and then hit the stop loss

Buy JP Associates at 190 with stop loss 188 and it hit the small stop loss

Short SBI around 1615 with stop loss 1630 for target 1560 and it made 1507....HUGE PROFIT

Buy Reliance Capital around 1430 with stop loss 1415 and it hit the stop loss

Buy Reliance Infra around 1040 with stop loss 1030 for target 1060 and it mae 1057....GOOD PROFIT

Market Outlook 06/08/08

Gap up opening expected today

It was a huge day for indian market as nifty witnessed huge buying from lower levels and closed well above 4500 and on global scenario, DOW jones gained huge 331.62 points closing at 11,615.77 after the Federal Reserve left interest rates unchanged as expected and told here and rduced some of the market's fears about the economy.he oil market also helped soothe some of Wall Street's worries. crude fell as low as $118 a barrel before settling at $119.17, down $2.24 on the New York Mercantile Exchange.With all global cues positive, indian markets may open with huge gap up today and maybe previous resistance of 4540 will be crossed in the opening bell itself and here interesting point is of Reliance Industries-which may again test its strong resistance of 2350 once gets past 2280 mark and if it breaks 2350, it's a huge plus point for indian market as well.For today, nifty above 4540 may well test 5600 first and then crucial resistance at 5650 will be tested and crossover straight 5700.On downside, below 4500 strong support is at 4440.Overall huge day for indian market today and those who have baught BTST may well enjoy gap up in those stocks.

Stock watch for the day:

India Info (739): Buy this at dips with stop loss 720 for target 765-780

Intraday Call Performance 05/08/08

Market witnessing huge buying interest..!

It was a quiet start above 4400 for nifty in the morning and then went down belwo 4400 to make a low of 4376 and then picked up as expected with Reliance taking charge again as nifty then broke 4440 resistance and made a high of 4515.Crude oil drop was very good for the market.Top Nifty gainers included HCL Technologies, ICICI Bank and DLF while losers included Sterlite Industries, Cairn and Tata Steel.The Asian markets closed in the negative while European markets were in the positive.Nifty at 4508, up 112 points (provisional) from the previous close.The market breadth was very strong with advances at 862 against declines of 396 on the NSE

Stock watch for the day:

Reliance Industries: This was given a short call below 2280 for target 2200 and it made 2205 first and then picked up later....HUGE PROFIT

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4414 with stop loss 4422 and stop loss hit

Short Nifty Futures at 4430 with stop loss 4450 and gave cover order at 4380....Good Profit

Short Nifty Futures around 4464 with stop loss 4476 and it made 4454 and then hit the stop loss

Risk Takers can Short Nifty around 4523 with stop loss 4529 and it made 4509

Short Reliance Energy around 1014 with stop loss 1021 and it hit the stop loss

Short ICICI Bank around 652 with stop loss 660 and it hit the stop loss

Short SBI around 1550 with stop loss 1561 and it made just 1537

Buy Essar oil around 235 with stop loss 234 and it made 239 and gave cover order around 239

Buy Reliance Indutries around 2215 with stop loss 2200 for target 2278 and gave cover order exactly at 2278...HUGE PROFIT

Market Outlook 05/08/08

Market may open positive on back of crude fall

Nifty reacted exactly from resistance area of 4440 yesterday and closed well above support.Market major Reliance industries didn't allow the market to recover much yesterday and will be interesting to see it's moves today as it is near to support area now.Global scenario looks ok with Light, sweet crude for September delivery fell $3.69, or 2.9 percent, to settle at $121.41 a barrel on the New York Mercantile Exchange. It was crude's lowest settlement price since May 5. Earlier, prices plummeted to $119.50, the lowest level since May 6.The Dow Jones industrial average fell 42.17 to 11,284.15 ahead of the Fed's meeting as energy and materials stocks declined following a broad drop in commodities.For today, nifty above 4440 will try for 4440 resistance again and failure to cross will invite selling again and if breaks 4440 then it will move to 4480 resistance and higher level some selling might come.On lower side, nifty has strong supports at 4350 and 4330.Unless these supports are broken there will not be much low today.Today's FED meeting will be again important and indications are Federal Reserve is expected to hold off raising rates.

Stock watch for the day:

Reliance Industries (2242): Watch this stock at higher levels and if fails to cross 2280, sell it for lower target 2220-2200.If moves above 2280, don't be short.

Intraday call performance 04/08/08

Market closing negative

As expected nifty faced resistance around 4440 and came down heavily to make a low of 4362 and trading was very volatile today and Reliance Industries which took the market up on friday didn't let the market recover today as it was very week below 2340 as told here.The Asian markets had cracked badly at close while the European markets were trading flat with Nifty closing at 4395, down 18 points from the previous close.The market breadth was positive with advances at 898 against declines of 359 on the NSE.Nifty gainers included HCL Technologies, SAIL and ABB while losers included TCS, BHEL and ONGC

Following calls were given in yahoo messenger for clients:

Good day of profits for clients today

Buy Nifty Futures around 4415 with stop loss 4400 and when it made 4430, gave cover order

Buy Nifty Futures at 4432 with stop loss 4425 and it just made 4440 and then hit the stop loss

Buy Nifty Futures at 4370 with stop loss 4360 and when it made third target at 4435, gave cover order

Buy United Phosphrous around 348 with stop loss 347.8 for target 357 and it made 355

Buy Reliance Industries at 2258 with stop loss 2252 for target 2285 and it made 2280

Short Gammon India around 208 with stop loss 210.2 and it made just 206.7 and then hit the small stop loss

Buy BRFL at 336 with stop loss 333.8 and it made 341

Buy Reliance Capital around 1317 with stop loss 1300 for target 1345-1370 and it made 1365

Market Outlook 04/08/08

Market looking good at dips

It was total bullish market on friday and closing was also impressive above 4400-just below crucial resistance at 4440.Now, only concern is of Reliance Industries approaching it's strongest resistance at 2340 and if it doesn't get past that resistance, it may slide down and even nifty below 4440 will face some selling.Oil prices on Friday settled up $1.02 at $125.10 a barrel in New York after Israeli Deputy Prime Minister Shaul Mofaz said Iran was heading toward a major breakthrough in its nuclear program, fanning concerns of a potential confrontation that could disrupt supply from the OPEC nation.The Dow Jones industrial average was down 51.70 points at 11,326.32. The U.S. Federal Reserve is expected to hold off raising rates on Tuesday.For today, if nifty gets past 4440, it will face hirdle only at 4490 and then at 4535.Below 4440, nifty will move towards 4360 first and if gos down still, then 4320 will be tested on downside.Higher level selling will be witnessed today.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 01/08/08

Reliance taking charge of huge upmove of index..!

Market opened weak as expected because of weak global cues and picked up well at supports to break all the resistances in between to make a high of 4423 and Reliance Industries seemed to have taken full control of this huge upmove as it moved from 2153 to make a high of 2313 straight.Europe was trading weak and this also didn't effect our upmove today.Huge buying was seen in capital goods, power, oil & gas, banking, metal, realty and technology stocks.Top Nifty gainers included PNB, Suzlon and HDFC while losers included Reliance Communications, Tata Power and ACC.The Asian markets closed weak today.Monday trading will be interesting as global cues also will play a role in market movements.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4250 with stop loss 4220 for target 4300-4320 and it made 4320....HUGE PROFIT

Short Nifty Futures around 4335 with stop loss 4350 and it made 4310....GOOD PROFIT

Short Nifty Futures around 4380 with stop loss 4400 and it made just 4366 and then told to cover position at 4383

Short Tisco around 675 with stop loss 680.2 for target660 and it made just 666

Short India Info around 676 with stop loss 682 for targets 660 and it made just 672 and then hit the stop loss

Short india info around 684 with stop loss 686.2 and it made 667....GOOD PROFIT

Short BRFL around 326 with stop loss 330 and stop loss hit

Short Tata Motors around 400 with stop loss 404 for target 394 and it made 393....GOOD PROFIT

Short RPL around 166 with stop loss 167.2 and it hit the smal stop loss

Buy Reliance around 2230 with stop loss 2215 for target 2265-2290 and it made 2313....HUGE PROFIT

Market Outlook 01/08/08

Markets are range bound....!

market was very range bound in the expiry day and was waiting for inflation figures to be announced in the evening and The annual rate of inflation for the week ended July 19 once again rose marginally to settle at 11.98 per cent as against 11.89 per cent for the previous week.The Dow Jones industrial average fell 205.67, or 1.78 percent, to 11,378.02, continuing its string of erratic, triple-digit daily swings after weak readings on economic growth and the job market touched off renewed concerns about the financial health of businesses and consumers.Light, sweet crude fell $2.69 to settle at $124.08 a barrel on the New York Mercantile Exchange after rising more than $4.50 on Wednesday. Oil has fallen more than $20 since hitting a high above $147 on July 11, raising hopes that inflation pressures could ease.It will be interesting to see today's opening and if nifty not able to cross 4350 resistance like yesterday, it may test 4280 very strongly an dbreak of that will go to 4260 first and then 4240.On upper side, above 4360 there is one more resistance at 4365 and then straight to 4400.Higher level selling will come for sure.There might be gap down opening also.Overall interesting day today.

Stock watch for the day:

Today's calls only for clients