Intraday call performance 30/09/08

Market closing positive despite global weekness

Today indian market started in bearish mode breaking 3777 and then 3755 and straight towards 3700 as told and made a low of 3715 and then recovery came in which intensified after the sun outage break taking nifty to remarkable high of 3967 breaking all resistances in between after Finance Minister and RBI clarifications on our present banking and financial system.This rally has been led by banking, capital goods, power, realty, telecom and oil stocks.It was a huge short covering rally today.Nifty closed at 3921, up 71 points.Top gainers were ICICI Bank, TCS, HDFC and Bharti Airtel, while losers were Tata Steel, Tata Motors, Ranbaxy and Grasim.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3920 with stop loss 3935 and it made just 3912 and then hit the stop loss

Short TCS around 605 with stop loss 609 and the stop loss hit

Short Hindustan Lever around 252 with stop loss 255.2 and it made 247

Short Reliance Infra around 800 with stop loss 811 and it made 792 and then hit the stop loss

Short TCS around 654 with stop loss 660.5 and the small stop loss hit

Short Reliance Industries around 1940 with stop loss 1950 and it hit the stop loss

Short Reliance Infra around 814 with stop loss 820.5 for target 780 and it made 784....GOOD PROFIT

Market outlook 30/09/08

U.S fianacial relief plan failed..DOW witness historic crash !!

It was a very bad day for world market yesterday as here in india nifty broke down to make a low of 3777-very near to support 3755 and in global scenario, setimesnts are very very weak as The Dow Jones industrial average witnessed its worst day fall in history of 21 years as it crashed 777.68 points 10,365.45 and the privious big fall was 684 points it lost on the first day of trading after the Sept. 11, 2001, terrorist attacks.This historic fall was due to the House of Representatives rejecting the $700 billion financial relief plan of U.S government.The bailout bill failed 228-205 in the House.Crude factor was another major hit as Light, sweet crude fell $10.52 to settle at $96.36 on the New York Mercantile Exchange as investors feared energy demand would continue to slide amid further economic weakness.Now the U.S government will have to search for some other alternative for saving their economy.In Indian market, if nifty breaks 3777 on opening bell will break even 3755 support in all probability and will march towards 3700 first and then stright to 3630 area.If nifty moves above 3850, it will face resistance at 3870 and then 3920 where heavy selling might be witnessed again.Be cautious in first hour trading today as there may be severe volatility in the market today.Today's opening will be interesting to see..can india decouple from world market..! in coming years, india will decouple from world market.Right now, all kinds of manipulations are killing the market.Manipulators are heavily using these kind of opportunities and very shortly base will be formed for short term super up move.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 29/09/08

Indian market collapse and recover at the end

Nifty straight away broke 3970 strong support and broke down heavily to make a low of 3777-which will now provide as support for further upward move.Market recovered a bit at the last hour to take nifty above 3800 and closed at at 3850, down 135 points from the previous close.European and Asian markets saw huge sell off today.European government has rescued two financial firms namely Bradford & Bingley and Fortis & Hypo Real Estate Holding. Fortis was the first firm, which were caught in credit crisis in the Europe.Huge selling was witnessed in Realty, banking, technology, power, telecom, capital goods, metal and auto stocks.Today's low of 3777 will be very important for future market movements.The market breadth was negative with advances at 100 against declines of 1185 on the NSE. Top Nifty gainers included BPCL, SAIL and Tata Communications while losers included Reliance Industries,Suzlon, Jaiprakash Associates, ICICI Bank and Idea.

Following calls were given in yahoo messenger for clients:

It was day of huge profits for all my clients

Buy Nifty Futures around 4935 with stop loss 4930 and it just made 4948 and then hit the small stop loss

Short Reliance Industries around 1960 with stop loss 1972 for target 1900-1870 and it made a low of 1881....HUGE PROFIT

Buy Bank of India around 269 with stop loss 267 for target 276 and it made 271 and then hit the small stop loss

Short Reliance Infra around 838 with stop loss 844 for target 820 and break below free fall and it made 772....HUGE PROFIT

Short Reliance Capital around 1110 with stop loss 1126 for first target 1090 and it made 1057....HUGE PROFIT

Buy Bank Of india around 264 with stop loss 263 for target 273 and it made 273.5....GOOD PROFIT

Market Outlook 29/09/08

Market may show some recovery today

Though market crashed on friday and closed below 4000, we have some positive news in nuclear deal today as mentioned on friday (123 agreement) and if nifty holds on to support 3970 today, it might move up and there might be gap up opening also.
On global front, The Dow Jones industrial average rose 121.07 to 11,143.13 and though there are still concerns about U.S governments bail out plans, sentiments are little positive now.Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration. The biggest U.S. bailout in history won the tentative support of both presidential candidates and goes to the House for a vote Monday.The final result of this bail out plan will be seen in few more months and will be interesting to see how the financial sectors perform henceforth.In indian market today, if nifty moves above 4000, it will face resistance around 4040 and then 4065 and if these are taken off then it can move to test 4115 straight.There might also be gap up opening today and even if there is gap down opening, there might be recovery coming in later.Only if nifty stays below 3970, things might get weak.

Stock watch for the day:

Today's calls only for clients

Market closing below 4000 ...!!

Market went down straight away in the morning session itself breaking 4070 support and went to 4000 as told here and later it even broke 4000 to make a low of 3970.As expected and told day before, market mover Reliance Industries broke 2000 to make a low around 1950 and along with that took the market also crashing downwards today.Though market recovered a bit in the late afternnon session, it again fell from there and went down crashing in the final hour of trading.Realty, metal, banking, capital goods, power, technology, auto, oil and telecom stocks witnessed huge selling today.Asian and European market also witnessed huge sell off and that also effected indian market sentiments today.The market breadth was negative with advances at 126 against declines of 1148 on the NSE. Top Nifty gainers included Tata Communications, ITC and ACC while losers included Reliance Industries, ICICI Bank, Infosys, L&T, HDFC, HDFC Bank, SBI, ONGC, BHEL, NTPC and Reliance Communication.

DUE TO MAJOR POWER BREAKDOWN TODAY, COULDN'T GIVE CALLS TO CLIENTS TODAY AND I REGRET FOR THAT

Market Outlook 26/09/08

India-U.S 123 agreement will come into picture now !

It was quiet ending of september month F&O contract expiry as nifty closed negative again.On global scenario, The Dow rose 196.89 to 11,022.06.The dollar was mixed against other major currencies Thursday, while gold prices fell.Light, sweet crude for November delivery rose $2.29 to settle at $108.02 a barrel on the New York Mercantile Exchange.Stock market investors got a lift when key lawmakers said they would present the $700 billion plan to the Bush administration and hoped for a vote by both houses of Congress within days.In indian market, nifty has made a low of 4077 and if this is not broken, it may act as support for the upmove now and if nifty breaks 4115, it will move towards 4130-4140 big resistance and if this resistance is not broken, again higher level selling will come and if this resistance is broken, nifty may move still higher and today's closing is also important and now the news of indo-U.S 123 agreement making rounds again and signing this before monday may again pull the market up above 4200 and maybe one more chance for traders to go short at higher levels ! This 123 agreement is nothing but agreement between U.S and india regarding nuclear power, testing etc.Under the agreement India will be able to develop a strategic reserve of nuclear fuel to guard against any disruption of supply over the lifetime of its nuclear power reactors.So, this will be positive for the market and how far this can lift the market when the agreement is signed (expected before monday) remains to be seen.Sectors like BHEL, L&T, Rolta, NTPC etc will be in focus again.Overall interesting days of trading again.Watch out for today's closing and dont be surprised if there is gap up opening on monday if this agreement is signed before monday.For today, if nifty breaks 4070 it will be bad for the day as nifty might go towards 4000 and be cautious if there is gap down opening as recovery is also possible from lower end.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 25/09/08

Market closing on negative note as expected

Today market started trading negative right from opening and never recovered well and nifty closed at 4102, down 58 points from the previous close .Reliance Industries is dragging the market most of the time and today also it slipped below 2000 showing weekness.Huge selling was seen in power, telecom, technology, realty, oil and banking stocks.The market breadth was negative with advances at 364 against declines of 879 on the NSE.Much expected volatility was not there this time around but market was weaka nd was facing selling at every raise.In the final hour though, some buying came in due to expiry to take nifty above 4100, but at close was looking bearish again.

Following calls were given in yahoo messenger for clients:

Clients had a decent day of good profits today

Short Nifty Futures around 4155 with stop loss 4173 for target 4110-4085 and it made 4080 and told to cover positions....HUGE PROFIT

Short Reliance Capital around 1242 with stop loss 1262 for target 1220-1180 and it made 1182....HUGE PROFIT

Short Reliance Infra around 882 with stop loss 891 for target 855-840 and it made 861....HUGE PROFIT

Short Bank of India around 284 with stop loss 287 for target 276-270 and it made 278....GOOD PROFIT

Short Kotak around 595 with stop loss 602 for target 580-565 and it made 585 and told to cover position....GOOD PROFIT

Market Outlook 25/09/08

High volatile market today

Though market rallied yesterday, it was clearly seen the higher level pressure around 4200 and as told you all, it is definitely looking like moving below 4100 anytime.On global scenario, The Dow Jones industrial average fell 29.00 to 10,825.17.Light, sweet crude for November delivery fell 88 cents to settle at $105.73 a barrel on the New York Mercantile Exchange.Investors are still confused on the U.S plans of huge bail out in finance sectors.In indian market today, one can witness high volatility due to expiry of September month F&O contract.If nifty moves above 4180, it will retest 4210 resistance again and if crosses, 4240 will be tough resistance to cross and on downside, break below 4140 can take it towards 4115 first and then 4090.Get ready for last hour volatile trading today.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 24/09/08

Market closed with gains but still bearish

Market had good rally today since morning session,but selling at higher level continued today also.Nifty made a high of 4208 and then came down and closed at 4161, up 34 points from the previous close.The market breadth was positive with advances at 674 against declines of 576 on the NSE. Top Nifty gainers included Sterlite, Nalco and HDFC Bank while losers included Wipro, Unitech and Idea Cellular.Tomorrow's expiry will bring in lot of volatility again and though market gained and closed positive, it is still looking bearish.

Stock watch for the day:

Reliance Capital :This was given a short call below 1250, but this went past 1250 in the morning session itself and then once it broke 1250, it did make 1219 low.

Today no calls were given to clients due to some emergency work

Market Outlook 24/09/08

Higher level selling to continue with lots of volatility

Yesterday market showed its weekness by breaking 4200 and going down further and now all set to break 4100.Expiry effect will be seen with too much volatility for sure.On global scenario, The Dow fell 161.52 to 10,854.17 after having risen more than 125 points in the early trades as investors are still uncertain about the rescue plans U.S government is taking to bail out financial sectors.Light, sweet crude for November delivery fell $2.76 to settle at $106.61 on the New York Mercantile Exchange.So, lots of uncertainity is exisiting all over now.In indian market, for today nifty wil face strong resistance at 4165 and above that 4200 wil be very strong resistance and nifty will again slip from higher levels and the lower supports are at 4110 and 4065.Watch out for volatile market.

Stock watch for the day:

Reliance Capital (1210): Short this stock on raise with stop loss 1250 for target 1175

Intraday call performance 23/09/08

Market crash below 4200 as expected !

Though market opened weak below 4200, it made a smart recovery to take nifty above 4200 in the morning session, but again faltered at higher levels to fall to make a low of 4118 and then close at 4126, down 96 points from the previous close due to global weekness and crude spike.European and Asian markets were also trading low.Huge selling was seen in realty, banking, technology, capital goods, telecom, metal and power stocks.The market breadth was negative with advances at 235 against declines of 1023 on the NSE. Top Nifty gainers included Sun Pharma, Nalco, BPCL and Cairn while losers included Ranbaxy, Satyam, TCS and DLF.Expiry volatility was witnessed today as expected.

Following calls were given in yahoo messenger for clients:

Day was too good for all my clients

Short Nifty Futures around 4210 with stop loss 4220 and small stop loss hit

Short Nifty Futures around 4210 stop 4224 for target 4180-4150 and gave cover order exactly at 4150....HUGE PROFIT

Short Reliance Capital around 1252 with stop loss 1260 and it hit the stop loss

Short Punjab LLoyd around 301 with stop loss 303.2 and it hit the small stop loss

Buy Kotak Bank around 611 with stop loss 606 for target 625 and it made 621....GOOD PROFIT

Short Reliance Infra around 872 with stop loss 880.5 and it hit the small stop loss

Short Suzlon around 203 with stop loss 205.5 for target 195 and it made 192.7....HUGE PROFIT

Short Reliance Infra around 890 with stop loss 902 for target 855 and it made 859....HUGE PROFIT

Short Bank of India around 286 with stop loss 288.5 for target 278 and it made 278.4....HUGE PROFIT

Short DLF around 403 with stop loss 405.5 for target 394 and it made 392.5....HUGE PROFIT

Short TCS at 763 with stop loss 768 for target 750-730 and it made 715....HUGE PROFIT

Market Outlook 23/09/08

Crazy jump of crude oil shows the depth of manipulation !

Yesterday nifty reacted exactly at my resistance level around 4265 and came down towards 4200 and weekness is expected to continue today also and today there might be lots of volatility in the market due to various factors like thursday expiry and uncertain global cues etc.In global scenario, it was crazy trading in crude oil which shows the depth of manipulation in that ! Light, sweet crude for October delivery jumped as much as $25.45 to $130 a barrel on the New York Mercantile Exchange before falling back to settle at $120.92, up $16.37.The Nymex temporarily halted electronic crude oil trading after prices breached the $10 daily trading limit. Trading resumed seconds later after the daily limit was increased.The Nymex temporarily halted electronic crude oil trading after prices breached the $10 daily trading limit. Trading resumed seconds later after the daily limit was increased.The Dow Jones Industrial average crashed 372.75 points to close at 11,015.69 as given here yesterday (read my yesterday's blog) For today, in indian market nifty below 4200 will be very weak and will move towards 4140 strong support and break of this will be very bad for the market.Upper side nifty will face resistance around 4240 and then at 4270 strong resistance.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 22/09/08

Market closing flat

Though market opened high above 4300, it was just for minutes as it directly fell to 4265 resistance zone as mentioned here and then never recovered from there and fell towards strong support of 4200.Morning session, market was range bound and was trading in a narrow range.Market mover Reliance Industries took the initiative again by dragging the indices down.European markets were marginally down today.Nifty closed at 4223, down 22 points from the previous close.The market breadth was negative with advances at 534 against declines of 709 on the NSE. Top Nifty gainers included ACC, Tata Steel and ITC while losers included Suzlon, L&T and Maruti.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4275 with stop loss 4286 and gave cover order at 4220....SUPER PROFIT

Short Bank of India around 288 with stop loss 290.2 and it just made 286 and then hit the small stop loss

Buy Reliance Capital around 1284 with stop loss 1275 and it made 1305....SUPER PROFIT

Short Reliance Infra around 912 with stop loss 917 for taregt 880 and it made 871....SUPER PROFIT

Short ICICI Bank around 624 with stop loss 629 and it hit the small stop loss

Short Suzlon around 210.5 with stop loss 213.2 for taregt 200 and it made 196....SUPER PROFIT

Market Outlook 22/09/08

Whole Global Market is zooming..!!

It was a fantastic day of trading on friday as indian market also followed global trend and rallied and closed very bullish.On global front, The Dow Jones industrial average jumped 368.75 points to close at 11,388.44 on friday after U.S government came out to support losing banks and also due to temporary ban on short selling in certain financial stocks.Crude oil which came around $90, started climbing up now and closed at $102.73 .Today DOW is definitely expected to give up most of the gains after 2-3 days of huge rally.In indian market, many stocks are looking hot and if nifty breaks 4265 today, it will directly go towards 4330 resistance and if nifty gets past this then it will face one more resistance at 4355 and then 4380.So, mutiple resistances for nifty above 4265 and below 4265, nifty will face some selling and downward supports are at 4200 and 4160 Higher level be cautious in today's market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 19/09/08

Explosive day of trading in Indian Market

Market opened huge gap up today and continued its momentum till the end with strong global cues with U.S government coming to rescue banks from financial crisis.Markets rallied on huge volumes and total turnover traded was at Rs 96462.60 crore.Market mover Reliance Industries along with other majors like Infosys Technologies, HDFC, ONGC helped the market to explode heavily today.The market breadth was positive with advances at 1037 against declines of 239 on the NSE. Most beaten down sector was real estate, which gained momentum smartly.Top Nifty gainers included Satyam, Reliance Industries,Infosys Technologies HDFC,Tata Power, DLF and ICICI Bank while losers included Hero Honda and BPCL.The inflation figures which came out higher yesterday didn't have any effect on the market today.

Stock watch for the day:

SBI: This was given a buy call with stop loss 1540 for target 1590-1620 and it made a high of 1620 exact.

Following calls were given in yahoo messenger for clients:

Clients enjoyed decent profits even in this huge gap up opening

Short Nifty Futures around 4195 with stop loss 4205 and it hit the small loss

Short Nifty Futures at 4225 with stop loss 4240 for target 4180 and it made 4184....SUPER PROFIT

Short Reliance Infra at 886 with stop loss 893 and it made 875....GOOD PROFIT

Short India Info at 109.2 with stop 110.2 hit the small stop loss

Short SBI at 1585 with stop loss 1596 for target 1555 and it made 1553....SUPER PROFIT

Short Suzlon around 220 with stop loss 222.7 for target 215-210 and it made 209.55....SUPER PROFIT

Market Outlook 19/09/08

Market may open gap up today

After yesterday's positive close, the momentum likely to continue today also.On global front, Dow Jones industrial average jumped 410 points to close at 11,019.69, its biggest percentage gain in nearly six years after the Bush administration prepared a plan to rescue banks from financial crisis-though details of the plans are still in progress.Light, sweet crude for October delivery added 72 cents to settle at $97.88 a barrel on the New York Mercantile Exchange.In indian stock market, inflation numbers have been announced and it has come at 12.14 % for the week-ended September 6 from 12.10 % a week ago and this is a bit negative.For today, nifty above 4045 may directly test 4120 resistance and if gets past 4120, then it will face strong resistance around 4165 range and above that 4220 is final strongest resistance.Supports are at 4000 and 3955 for today.Watch out for the final hour action today as today being the week end, it will be interesting to watch.

Stock watch for the day:

SBI (1566): Buy this stock in dips with stop loss 1540 for target 1590-1620

Intraday call performance 18/09/08

Markets closing in green ahead of inflation figures announcement

Nifty once broke 3900, it was direct fall straight to low of 3799 and then heavy short covering came to lift the market to make a high of 4050.Nifty closed at 4038, up 29 points from the previous close.It was massive short covering in the later part of morning session after global banks took measures to improve liquidity in markets.Short covering was seen in banking stocks, which supported markets to end in green.The Asian and European markets also did well.Surprisingly trading volume was huge today.Though The market breadth was negative with advances at 296 against declines of 987 on the NSE. Top Nifty gainers included Suzlon, PNB and RIL while losers included Ranbaxy, Unitech and DLF.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures at 3895 with stop loss 3915 for target 3875 and made 3875.5

Short Nifty Futures around 4000 with stop loss 4020 and it hit the stop loss

Short Nifty Futures around 4025 with stop loss 4045 for target 3990 and it made 4012 and then hit the stop loss

Buy SBI around 1480 with stop loss 1465 for target 1500-1530 and and gave exit call at 1530....SUPER DUPER PROFIT

Buy Kotak Bank around 526 with stop loss 520 for target 545-570 and gave exit call at 570....SUPER DUPER PROFIT

Short Bank of India at 264 with stop 265.5 for target 258 and gave cover order at 265

Short Suzlon around 191 with stop loss 194 and it made just 189.8 and then hit the stop loss

Short Reliance Infra at 795 with stop loss 802 for target 770 and it made 788 and then hit the stop loss

Short DLF around 400 with stop loss 404 for target 390 and it made 391.5....GOOD PROFIT

Market Outlook 18/09/08

Expect volatile market today

Though indian market plunged in the opening yesterday, made a smart recovery later and then again ended in negative at closing and if nifty slides below 4000 today, 3900 might again play an decisive role here.On global front, cues are very negative as The Dow fell 449.36 to 10,609.66, finishing near its lowest point of the trading day and about $700 billion in investments vanished as the american financial problems have appeared to be facing the problems of its life time and investors seems to be very scary of stock market now.As the stock market staggered, the price of gold, which rises in times of panic, spiked as much as $90.40 an ounce. Bonds, a traditional safe haven for investors, also climbed.So, in indian market if there is low opening don't go for blind selling at lower end as buying will come at lower side.Today, if nifty gets past 4040 it will test 4100 today and staying below 4040 will be bad and lower end support will be at 3975 and then at 3925.Inflation figures will be announced today evening and market also will be volatile today.Last hour trading will be crucial again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 17/09/08

Market closing weak ahead of inflation figures tomorrow

Though It was positive opening today, nifty couldn't get past first resistance at 4120 and came down heavily towards 4020 and again recovered to make a high of 4075 and then crashed heavily to make a low of 3975 because of huge sell off in financial, realty, metal, FMCG, pharma, power, capital goods and few oil stocks and nifty closed weak at the end at 4008, down 66 points from the previous close.It was evident as told here that market is still not stable at higher levels.There might be more financial problems waiting to appear in U.S as well as Europe and Asia.The market breadth was negative with advances at 379 against declines of 883 on the NSE. Top Nifty gainers included Cairn, Tata Motors and ONGC while losers included Unitech, Sterlite and ICICI Bank.

Stock watch for the day:

Kotak Bank:This was given a buy call with stop loss 559 for target 582 and it made a high of 585

Following calls were given in yahoo messenger for clients:

It was a very good day of profits for clients

Buy Nifty Futures around 4120 with stop loss 4005 for target 4045-4070 and it made 4064 and gave exit call......HUGE PROFIT

Buy Nifty Futures around 3985 with stop loss 3979 and gave exit call around 3990, but it zoomed to 4025

Buy Kotak Bank at 562 with stop loss 559 for target 575-590 and it made 576......HUGE PROFIT

Short Suzlon around 201 with stop loss 202 for target 194 and it made 195......GOOD PROFIT

Short Reliance Capital around 1125 with stop loss 1135 for target 1095-1075-1050 and it made 1061......HUGE PROFIT

Short ONGC around 980 with stop loss 986 for target 960 and it made just 975 and then hit the stop loss

Short Reliance Infra at 840 with stop loss 844 for target 825 and it made 822......GOOD PROFIT

Short Renuka Sugars at 107 with stop loss 108.5 for target 103 and it made 102.5......GOOD PROFIT

Short Reliance Infra at 830 with stop loss 835.5 for target 815 and it made 824 and then gave cover order around 828

Market Outlook 17/09/08

As told, 3900 did hold the key

As expected 3900 was the key and for now nifty didn't break that and moved near to 4100.It was massive fall in 2-3 days because of Lehman brothers bankruptcy and the fact that it has its position in many of indian stocks, there might be one more fall after some raise in the market.On global front, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG and improve U.S economy and Barclays PLC said Tuesday it had agreed to acquire Lehman's North American investment banking and capital markets businesses for $250 million in cash and Federal Reserve Chairman Ben Bernanke and his colleagues decided to keep a key interest rate steady Tuesday.The Dow Jones industrials gained 141 points after the Fed's action soothed market anxiety over the financial system.So, on these positive cues indian market might move todaya nd if nifty gets past 4120 resistance it will zoom towards 4165 and then 4220 big resistance.On downside, below 4120 nifty has supports at 4040 and 3980.There might be gap up opening and caution is required as selling might again come from higher levels.Today's last hour action is very important also.

Stock watch for the day:

Kotak Bank (567): Buy this with stop los 559 for target 582-594

Intraday call performance 16/09/08

Market closing flat after initial fall

It was gap down opening today and nifty straight away tested strong support as mentioned here at 3900 making a low of 3919.Then later afternoon session saw severe buying whick took nifty to a high of 4090 then closed at 4074, up 2 points from the previous close.The market breadth was negative with advances at 356 against declines of 910 on the NSE. Top Nifty gainers included Tata Communications, BPCL, SBI and PNB while losers included ICICI Bank, Suzlon and Ranbaxy.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3995 with stop loss 4012 and told to cover position at 3970

Short Bank of India at 274 with stop loss 276 and it made just 272 and then hit the small stop loss

Short ITC 189.4 with stop loss 190 and it hit the small stop loss

Buy Reliance Infra at 808 with stop 805 and it made 814 and told to cover in profit

Short DLF at 405 stop 412 and it just made 401 and hit the stop

Short Reliance Infra around 810 with stop loss 816 and it made just 803 and then hit the stop loss

Short ICICI at 574 with stop loss 576 and told to cover anyhwere in profit in last hour and it made 568

Market Outlook 16/09/08

3900 will hold the key for the market now

It was a horror day for indian market as it crashed very heavily mainly due to 150 year old Lehman Brothers filing for bankruptcy.Lehman Brothers were holding shares in indian market also as FII's and these shares also witnessed huge crash.On global front it was real historic horror show as The Dow Jones industrial average lost more than 500 points its major crash since the day the stock market reopened after the Sept. 11, 2001, attacks.About $700 billion evaporated from retirement plans, government pension funds and other investment portfolios.The Dow industrials dropped 504.48 points to close at 10,917.51.Light, sweet crude for October delivery fell $5.47 to settle at $95.71 a barrel on the New York Mercantile Exchange - oil's first settlement under $100 since March 4.But this positive news of oil is not taken by the market as compared to financial crisis it is facing now.For today, nifty above 4080 will move towards 4120 strong resistance, where selling is again expected and if 4120 is crossed, then next strong resistance wil come only at 4165.On downside 3950 will be the support to watch out and then 3900 will be the strongest support and anytime this 3900 gets broken, then another huge crash might be witnessed in the market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 15/09/08

Huge crash in the market because of U.S financial crisis

Market witnessed strong crash as Lehman Bros filed for bankruptcy and Merrill Lynch was sold to Bank of America.Bankruptcy represents the end of a 158-year old company that survived world wars and the collapse of Long-Term Capital Management, but could not survive the global credit crunch.It was direct crash for nifty as it broke 4200 and fell straight to 3955 !! Europian market also traded in deep red.Market recovered a bit in the last hour as Nifty closed at 4072, down 155 points from the previous close.It was horrible day for indian market today and crude oil sliding below $100 also didn't help indian market.Buying interset seems to have gone as buyers were very less even in this deep cut and though markets are oversold, any raise seems to be only for coming out of long position now.The market breadth was negative with advances at 90 against declines of 1198 on the NSE. Top Nifty gainers included Maruti, HDFC, BPCL and ACC while losers included Reliance Infrastructure, Ranbaxy, Unitech and Cairn India.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures at 4000 with stop loss 3980 and it hit the stop loss

Short Nifty Futures around 4010 with stop loss 4023 for target 3970 and it made 3971

Short Nifty Futures around 4045 with stop loss 4062 for target 4000 and it made 4008

Buy Aban LLoyd around 2200 with stop loss 2190 and it just made 2210 and then hit the small stop loss

Short Bank of India around 267 with stop loss 269 and it made just 265.6 and then hit the small stop loss

Short Reliance Infra at 828 with stop loss 833 and it made 816

Short India Info around 114 with stop loss 115.2 and it made jusr 112.5 and gave cover order around 114

Buy Bank of India around 266 with stop loss 264.9 for target 274 and it made 277

Market outlook 15/09/08

Market is at huge support area now

Market at huge support area now and break beyond these levels might be another huge crash.On global front, The Dow Jones industrial average fell 11.72 to 11,421.99.Bank of America Corp. has agreed to buy Merrill Lynch & Co. for about $44 billion, or around $29 a share, according to The Wall Street Journal.Merrill has reported four straight quarterly losses, and its stock has been sliding.The price for a barrel of light, sweet crude tumbled $2.43 to $98.75. So, for today in indian market nifty above 4250 will find resistance around 4280 where heavy selling might come and if 4280 is broken it will find another big resistance around 4325.If nifty breaks 4200, things might become very very bearish and will be interesting to see if 4165 support holds any meaning or not ! But, one is adviced not to go for blind selling if there is huge gap down opening.In coming day's nifty breaking 4200-4165 might go straight to 4000-3900 straight.Delhi bomb blast and other negative factors also will add to the bearish trend of the market.Anyway's will be interesting to watch the week begining today.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 12/09/08

Market crash taking nifty straight to major support level

It was selling at opening bell today and nifty took a heavy pounding straight away testing the major support at 4200.Today it was combined effect of heavyweights Reliance Industries, Infosys, Ongc, ICICI Bank and HDFC which was dragging the market down.Global cues were positive today and when good IIP numbers were announced, some buying came in, but couldn't sustain at higher levels again and collapsed later.Nifty closed at 4228, down 61 points from the previous close.The market breadth was negative with advances at 259 against declines of 1003 on the NSE. Nifty gainers included Nalco, Maruti, SAIL and BHEL while losers included Reliance Infrastructure, Infosys, DLF, HDFC, ONGC and ICICI Bank.Market still not able to sustain at higher levels these day's.

Stock watch for the day:

Reliance Infra : This was given a buy call with stop loss 985 for target 1015 and it opened with target and then crashed going below 985

Following calls were given in yahoo messenger for clients:

It was fantastic profits for clients today

Buy Nifty Futures around 4265 with stop loss 4250 for target 4300 and it made 4320....HUGE PROFITS

Buy Bank of India around 282 with stop loss 280.5 and gave cover order around 291-292....HUGE PROFITS

Buy Reliance Capital around 1220 with stop loss 1210 for target 1250-1265 and it made 1264....HUGE PROFITS

Short HDIL at 284 with stop loss 286 for target 278 and it made 281 and then hit the small stop loss

Buy kotak Bank around 594 with stop loss 590 for target 610 and it .made 608....GOOD PROFITS

Short Bank of India around 291 with stop loss 292.5 for target 284 and it made 284.6....GOOD PROFITS

Short Reliance Infra around 985 with stop loss 989 for target 945 and it made 918....HUGE PROFITS

Market Outlook 12/09/08

Positive global cues may help indian market today

Market again broke important support at 4280 yesterday and closed at 4290 and inflation figures released yesterday evening came at 12.1 % from 12.34 % a week earlier and is little positive for the market and even the global cues are very positive today and this may help india market also to pick up from here.But will be very interesting to see how it reacts at important resistances from here on.On global front, Dow Jones industrial average rose 164.79 to 11,433.71, after falling by as many as 170 points in the early going.Light, sweet crude fell $1.71 to settle at $100.87 a barrel on the New York Mercantile Exchange and with these many positive cues, indian market also has to pick today and nifty above 4300 will move to first resistance at 4325 and then will face strong resistance at 4365 and failure to crossover will invite selling again and if gets through that, then it will move to 4380-4400 level.Overall an interesting day today.Downside, if nifty breaks 4280-supports are at 4235-4200.

Stock watch for the day:

Reliance Infra (992): Buy this with stop loss 985 for target 1015-1030.If it is below 985, it is not a buy

Intraday call performance 11/09/08

Nifty in deep red as expected

It was gap down opening today below 4380 and never recovered from there and then broke even strong support of 4280 in the last hour of trading and closed at 4290, down 109 points from the previous close.Even the asian and Europian market was trading in deep red.Today's inflation figures announcement in the evening is anxiously awaited now.Market mover Reliance Industries again took the initiative in dragging the market to deep red today.In the afternoon session, market was playing in narrow range as it approached strong support at 4280 and then suddenly this support was broken, but interestingly didn't plunge too much towards the end.The market breadth was negative with advances at 263 against declines of 1000 on the NSE. Top Nifty gainers included Tata Motors and PNB while losers included Reliance Industries, Zee Entertainment, Reliance Infrastructure, Suzlon, HCL Technologies and Bharti Airtel.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4365 with stop loss 4375 and told to cover position around 4295 with huge profit

Short Reliance Capital around 1325 with stop loss 1340 and it made 1258 short of target given at 1250

TCS now at 845 will hit 830 below 850 and it made low of 829

Buy Bank of India around 290 with stop loss 288 for target 297 and later told to cover position around 289

Short JSW Steel around 672 with stop loss 676 for target 660 and it just made 665 and then stop loss hit

Buy Aban around 2335 with stop loss 2330 for target 2365 and it made just 2345 and then hit the small stop loss

Buy Kotak around 603 with stop loss 598 for target 615 and made just 609 and told to cover position in profit in last hour

Market Outlook 11/09/08

Inflation figures announcement in th evening may bring in volatility

It was another bad day for indian market yesterday as it crashed to its strong support at 4380, but never broke it.Well, it would be very interesting to see nifty today as in the morning session if 4380 is still held it can move up to test 4440 resistance again and failure to break will come down to retest 4380 and break will be very bad.On global front, Dow Jones industrial average rose 38.19 to 11,268.92 after dipping briefly into negative territory, rising by nearly 150 points, and then pulling back again.Lehman shares fell another 54 cents to close at $7.25, after plummeting 45 % on Tuesday.Bank and brokerage stocks finished mostly lower after Lehman Brothers Holdings Inc. said it plans to sell a majority stake in its investment management business and spin off its troubled mortgage assets.Light, sweet crude fell 68 cents to settle at $102.58 per barrel on the New York Mercantile Exchange.For today, in indian market nifty above 4400 may test 4440 resistance and if doesn't cross, will come back again to retest 4380 and break of 4380 will take it t0 4325 support.Today evening, inflation figures will be announced and market may be cautious and last hour may turn volatile again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 10/09/08

Market breaking strong support and in deep red

Market opened weak below yesterday's close with weak global cues and was range bound in the morning session and then later on selling came in severely to make a low of 4382 and then close at at 4400, down 68 points from the previous close.
The market breadth was negative with advances at 338 against declines of 933 on the NSE.Midcap and Small cap stocks were also under pressure.Top Nifty gainers included Suzlon, Hero Honda and ACC while losers included Sterlite, SAIL and Tata Steel.Europe was trading weak and Asian market was trading mixed today.Now break below 4380 will take nifty towards 4300 and for tomorrow 4440 will act as hurdle again.

Stock watch for the day:

India Info: This was given a short call with stop loss 141.5 for target 130 and it made a low of 129

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4460 with stop loss 4475 and it made 4446

Short Bank of India at 287 with stop los 289.2 and it made just 284 and then hit the small stop loss

Buy Kotak Bank around 608 with stop loss 600 for target 625 and it made 624

Reliance infra at 1078 and staying below 1090 will hit 1060 and 1035 and it made a low of 1018

Short Bank of India at 290 with stop loss 292.2 and it hit the small stop loss

Short TCS at 868 with stop loss 871 for target 850 and it made 848

Short DLF around 508 with stop loss 512.4 for target 495 and it made 496

Short Reliance Capital around 1335 with stop loss 1346 for target 1310 and it made 1317

Market Outlook 10/09/08

Market set to open weak again

With negative global cues, indian market is also set to open weak today.Yesterday nifty did break 4440 support and closed just above 4460 and today again looks weak and even global cues are negative today.Dow Jones industrial average fell 280.01 to 11,230.73.Oil closed below $104 a barrel for the first time since early April after Hurricane Ike appeared to be headed away from energy installations in the Gulf Coast.Light, sweet crude fell $3.08 to settle at $103.26.OPEC oil ministers decide curb overproduction by more than 500,000 barrels a day an attempt to prevent prices from falling too far.Crude oil is highly manipulated.So, in indian market today, nifty will face tougher resistance at 4500 and on downside strong support exists at 4420 and below that panic will be created in the market and nifty will slide to another huge support on further downside at 4380.

Stock watch for the day:

India Info (136): Short this stock with stop loss 141.5 for target 130-126

Intraday call performance 09/09/08

Market closing negative again

Market opened weak below 4470 straight away and was in negative range for most part of the morning session and then buying came in the late afternoon session lifting nifty to 4497 and stil couldn't cross 4500 and came down again in the last hour to close in negative at 4468, down 13 points from the previous close.Even crude touching $104 couldn't help market sentiments much as profit booking came in the last hour again.Europian markets was trdaing in green while asian market was mixed.Heavy selling was seen in metal, banking, realty, FMCG, pharma and major capital goods stocks.The market breadth was negative with advances at 482 against declines of 775 on the NSE. Top Nifty gainers included Idea, Suzlon and BPCL while losers included Sterlite, PNB, BPCL, Suzlon and BHEL.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4555 with stop loss 4566 and it hit the stop loss

Short Nifty Futures around 4465 with stop loss 4475 and it hit the stop loss

Buy Nifty Futures around 4480 with stop loss 4470 for taregt 4520 and it made 4525

Short Essar Oil around 198 with stop loss 199.2 and it made just 196.4 and then hit the small stop loss

Short JSW Steel around 712 with stop loss 717 for target 700 and it made just 706

Short Aban LLoyd around 2390 with stop loss 2400 for target 2360 and it made 2362

Short Bank of India at 288 with stop loss 290.2 for target 283 and it made 281.55

Short India Info around 137.5 with stop loss 138.5 for target 133 and it made 134.4

Short Adlabs around 521 with stop loss 524 for target 514 and gave exit call at 518

Market Outlook 09/08/08

Market still vulnerable at higher levels..!

After huge gap up opening in the market yesterday, it went for selling in the last hour and it show's the same story as before and market not able to hold on at higher levels.On global front, because of the U.S government decision of taking over mortgage giants Fannie Mae and Freddie Mac, Dow Jones industrial average rose 289.78 to 11,510.74 after being up nearly 350 points in the early going.Light, sweet crude for October delivery rose 11 cents to settle at $106.34 a barrel on the New York Mercantile Exchange. Hurricane Ike fanned unease about the well-being of Gulf of Mexico oil infrastructure that could be in its path.For today, if nifty moves above 4500, it will again face resistance at 4545 range and fail to cross will face selling again and nifty below 4500 will test 4470 strong support first and then move towards 4435 is possible.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 08/09/08

Markets closing in bullish note

It was huge gap up opening as expected above 4500 today and though there was sudden slide in last hour of trading, market still closed in bullish note at at 4482, up 130 points from the previous close. Positive news of Nuclear deal and also U.S helping out mortgage giants Fannie Mae, Freddie Mae added to the bullish sentiments of the market which also made Asian and Europe to end in green.Both companies have together run up losses of USD 14 billion over past four quarter.Today, Banking, capital goods, power, realty, technology and oil stocks led this rally followed by midcap and small cap stocks.The market breadth was positive with advances at 812 against declines of 441 on the NSE. Top Nifty gainers included Sterlite Industries, Tata Communications, Reliance Infra, SBI, L&T and ICICI Bank while loser was BPCL.

Stock watch for the day:

Dlf: This was given a buy call with stop loss 486 for target 520 and it made high 524

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4545 with stop loss 4550 for target 4520 and it made 4525

Short Sterilite Indutries around 603 with stop loss 607 and it hit the small stop loss

Short Cairns at 236 with stop loss 238.5 for target 231 and later told to cover the position at 233 exact

Buy Reliance Capital around 1378 with stop loss 1370 for target 1405 and it made just 1394

Buy Sasken Communications at 143 with stop loss 141 for target 148 and it made just 145.5

Market Outlook 08/09/08

Positive Nuclear deal news will result in gap up opening

On friday it was a selling day as nifty made a low of 4329 and just saved 4320 support.Now positive news of nuclear deal will result in higher opening today.So, market is very bullish for today and will be interesting to see where it will reverse back and i think the fall of nifty this time around in coming day's might be severe.Let nifty jump and see how it reacts at strong resistances in coming day's.On global front, The Dow Jones industrial average was up 32.73 to close at 11,220.96 last friday and Light, sweet crude for October delivery fell $1.66 to settle at $106.23 a barrel Friday on the New York Mercantile Exchange -- its lowest close since early April.In an interesting development U.S Government has decided to take over mortgage financiers Fannie Mae and Freddie Mac and impact of this take over may be felt in next few day's seeing how market will react to this.For today, all global cues are positive and indian market is also looking very explosive for the day and closing today will also be of much importance for future trend.For today, nifty will face resistance at 4440 straight and then 4535-a very strong resistance which has to be watched and some selling might come at resistances and supports will be at 4440 and 4380 on downside.

Stock watch for the day:

DLF (494): Buy this with stop loss 486 for target 508-520

Intraday call performance 05/09/08

Market closing in red at the week end

As yesterday, nifty went for selling straight away due to weak global cues and even improving inflation figures didn't help in any recovery today and nifty broke even 4380 strong support and made a low of 4329 and then closing the day at 4352, down 95 points from the previous close.Huge selling was seen in Banking, technology, real estate, metal, telecom and oil stocks.Market mover Reliance Indutries took the initiative in dragging the market down today.The market breadth was negative with advances at 343 against declines of 903 on the NSE. Nifty gainers included BPCL, ONGC and ITC while losers included Reliance Indutries, Ranbaxy, HDFC and DLF.This month stock market wil be very volatile with too much action and next week will be very interesting now.Europe was also trading in red today.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4355 with stop loss 4335 and it made just 4373

Buy Nifty Futures around 4360 with stop loss 4350 and told to cover the position at 4373

Buy Bank of India around 288 with stop loss 286 for target 294 and it made just 292

Buy SBI at 1500 with stop loss 1485 for target 1535 and it made 1537

Buy J.P Associates around 168 with stop loss 165 for target 174 and it made 171.8

Short India Info around 132 with stop loss 133 for target 127 and then gave cover order around 129

Buy Sasken Commmunications at 142 with stop loss 140 for target 146 and it made 146.6

Market Outlook 05/09/08

Market in selling mode

It was selling right from the word go yesterday as nifty directly made 4319 low.Inflation for the week ended August 23 announced at 12.34% down from 12.4% is just a little positive news for indian market-but The global cues are negative and if nifty breaks 4380 strong support, then market is gone.So, it's play between 4380-4485 now and any break will be too much.Yesterday DOW crashed more than 300 points to close at 11,188.23-down 344.65 from previous close just reminding of its previous drop of 358 points on june 26th.Light, sweet crude for October delivery fell $1.46 to settle at $107.89 a barrel on the New York Mercantile Exchange.For today, nifty will face strong resistance at 4485 and failure to cross will invite selling and downside supports are at 4420 and 4380.On upper side, if nifty gets past 4485 then it may go till 4520 resistance again.So, get ready for weekend action now.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 04/09/08

Expected profit booking in the market

After huge buying day before yesterday, market went for profit booking straight away today taking nifty to a low of 4419 and closed at 4447, down 56 points from the previous close. Europe was trading weak and asian market was trading mixed.Today it was Realty, FMCG, oil, metal, capital goods, power and select financial stocks which was in sell mode.Major losers today were ONGC, Unitec ,Sterlite Industries, HDFC Bank, Reliance Industries and ABB. However, gainers are Maruti, Grasim, BPCL, Hindalco, GAIL etc.The market breadth was negative with advances at 572 against declines of 684 on the NSE.On lower side 4380 will act as strong support for nifty in coming day's.

Following calls were given in yahoo messenger for clients:

It was a very good day of profits for clients

Buy Nifty Futures around 4442 with stop loss 4434 and it made just 4452 and then hit the small stop loss

Short Nifty Futures around 4440 with stop loss 4455 and it just made 4431 and then hit the stop loss

Buy Nifty Futures around 4462 with stop loss 4445 for target 4490 and it made 4494

Buy JP Associates around 169 with stop loss 167 for target 174-178 and it made 178

Buy Kotak Bank around 642 with stop loss 636 for target 660 and it made 661

Short Adlabs around 508 with stop loss 514 and it hit the stop loss

Buy Reliance Capital around 1380 with stop loss 1372 for target 1405 and it made 1404

Short Bank of India around 285 with stop loss 288.5 for target 280 and gave exit call at 282

Buy Chambal Fertiliser around 73.7 with stop loss 73 for target 77-79 and it made just 75.25

Buy SBI around 1514 with stop loss 1508 for target 1545 and it made 1547

Buy Reliance Infra above 1024 for target 1040 and it made 1042

Market Outlook 04/09/08

Market to witness higher level selling today

It was huge buying in infrastructure, oil and technology stocks which lifted index to more than 160 points day before yesterday and day ending was near to big resistance.
Yesterday's U.S revelations on the nuclear deal is too bad and it seamed U.S has kept india in dark and in Embarrassing situation on nuclear deal now.

The important points of this revelations are:

* The US has given no binding fuel-supply assurance to India

* No US consent to India's stockpiling of lifetime fuel reserves for safeguarded power reactors

* US civil nuclear cooperation is explicitly conditioned to India not testing ever again

* The US has retained the right to suspend or terminate supplies at its own discretion

* The letter makes clear that the 123 Agreement has granted India no right to take corrective measures in case of any fuel-supply disruption

* The Bush administration's letter states that the 123 Agreement fully conforms to the Hyde Act provisions

* The letter assures Congress that the 'US government will not assist India in the design, construction or operation of sensitive nuclear technologies

Impact of this is bad for sectors like BHEL, NTPC , Reliance Infra, Rolta Cairns etc.Though the final impact depends on NSG meet outcome shortly.
On global front, The Dow Jones industrial average rose 15.96, or 0.14 percent, to 11,532.88, after rising by as many as 37 points and falling by as many as 100.Light, sweet crude futures ended the day down 36 cents at $109.35 a barrel on the New York Mercantile Exchange.For today, nifty will face strong resistance at 4545 first and then if gets past this resistance will face another resistance at 4585.Heavy selling is expected in either iof these two resistances.Downside supports are at 4440 and if breaks that, super strong support at 4380.If there is gap down opening, buying will come from lower levels

Stock watch for the day:

Today's calls only for clients

Intraday call performance 02/09/08

Oil crash and market zoom

As expected, market opened strong and continued its momentum as crude oil crashed below $105 and nifty closed at 4504, up 155 points from the previous close ahead of the trading holiday tomorrow on account of Ganesh Chaturthi.Large buying interest was seen in infrastructure, oil and technology stocks.The Asian markets closed mixed while Europe was trading firm.Major contributors for today's upmove were ONGC, Reliance Industries, SBI, DLF, ICICI Bank, Unitech etc while losers included Cairn India, Ranbaxy and Tata Motors.The market breadth was positive with advances at 904 against declines of 351 on the NSE.Crude dropping to such an extent in single session was unimaginable and lots of huge short covering was seen in many stocks.Now, if crude drops below $100, nifty might move another 100-200 points easily in coming day's and if crude starts claiming then will be bad for the market again.Crude is playing an important role in market these day's.

Stock watch for the day:

Punjab LLoyd: This was given a buy call with stop loss 303 for target 318-320 and it made 315 high

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4430 with stop loss 4442 and it made 4316 and then hit the stop loss

Short Siemens around 548 with stop loss 551 for target 540 and it made just 546 and then hit the small stop loss

Short JSW Steel around 758 with stop loss 763.5 and it made just 754 and told to stay away from shorts around 756

Buy Chambal Fertiser around 74 with stop loss 73.4 for target 77 and 78.2 and it made 77.1

Short Sail at 155.2 with stop loss 156.2 and it made 154.5 and then hit the small stop loss

Short Reliance Infra at 1023 with stop loss 1025 and it made just 1019 and hit the small stop loss

Market Outlook 02/09/08

Indication of strong opening today

As expected nifty opened weak inline with cues taken from world markets and then bounced back in later stages and on global cues,Hurricane Gustav's effect was not alarming as expected and also precautionary measures had been taken well in advance this time around and due to this effect of weekening of hurricane- Light, sweet crude for October delivery fell $4.34 to $111.12 in late afternoon electronic trading on the New York Mercantile Exchange.The Dow Jones industrial average was up 171.63 to close at 11,543.55. For today, Nifty will face hurdle around 4385 and failure to cross may invite selling from higher levels again and the supports on downside are at 4320 and 4280.Tomorrow is a trading holiday and so trade with caution.

Stock watch for the day:

Punjab LLoyd (310)-Buy this stock with stop loss 303 for target 318-323

Intraday call performance 01/09/08

Flat closing for the market

Though market was trading above 4300 in the morning session, it couldn't sustain above 4300 and came down straight to test 4280 level and bounced back from there again lifting index and closed flat at 4348, down 11 points from the previous close. Asian and Europian market were trading weak today.Sell off continued in metal, telecom, power, auto and technology stocks while buying seen in oil and banking stocks.The market breadth was negative with advances at 566 against declines of 677 on the NSE. Top Nifty gainers included HCL Technologies, ITC and HDFC Bank while losers included Ranbaxy, Tata Steel and Bharti Airtel.Buying interest was not seen much today and trading volume was also low.Now that expiry got over, volatility was also not much today.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4320 with stop loss 4315 and it just made 4325 and then told to cover around 4318

Short Nifty Futures around 4285 with stop loss 4305 and it made just 4279 and gave exit call around 4284

Buy Nifty Futures around 4283 with stop loss 4275 and it made 4360

Buy SBI around 1380 with stop loss 1370 and it hit the stop loss

Buy Bank of India around 264 with stop loss 262 and stop loss hit

Short Unitec around 158 with stop loss 160 and it made 155

Buy Adlabs around 476 with stop loss 474 and gave cover order around 479

Short Adlabs around 478 stop 479.6 and it hit stop loss

Buy Kotak Bank around 584 with stop loss 580 for target 595-605 and it made 599

Buy SBI at 1383 with stop loss 1375 for 1400-1410 and it made 1434

Market Outlook 01/09/08

Interesting week ahead

After bullish moves on friday, it will be interesting to see today's moves as again things do look bearish below 4385.On the global front, cues are negative as all eye's seems to be on Hurricane Gustav nearing gulf coast and it's was really horrible when it hit last time around killing people in thousands.This gustav hurricane threat reduced 15 percent of U.S. refining capacity and Light sweet crude for October delivery rose Sunday afternoon $1.62 to $117.08, having earlier reached $118.60 with Dow crashing badly down 171.47 points at 11,543.71.The Nuclear deal is also showing troubles for india as it doesn't seem to sail through softly. For today, if there is down opening, recovery might come later on and on other side, nifty will face heavy resistance around 4385 on higher side and failure to cross will make move towards 4320 support and then 4280.Taking overnight positions have become so difficult these days with uncertainty in the world market.

Stock watch for the day:

Today's calls only for clients