Intraday Call Performance 31/10/08

Huge gap up opening and closing positive

It was a fantastic huge gap up opening today in the market due to positive global cues and nifty made a high of 2921-exactly at resistance zone in the opening hour and came down very sharply towards 2775 and then again bounced back in the closing hours and closed very strong at 2885, up 188 points from previous close.Market mover Reliance Industries took the major initiative today along with metal and oil & gas stocks to take the market up.Huge buying was also seen in banking, telecom, IT, auto and capital goods stocks.Market breadh was positive throughout the session and about 1768 shares have advanced while 1185 shares have declined. Nearly 237 shares remained unchanged.Volumes were very lower in today's trade.On the global front, Asian markets ended mixed and European markets were trading weak.Volatility was there today also as expected.Top Sensex gainers include Mahindra & Mahindra, HDFC, Sterlite industries, ICICI Bank, JP Associates

Following calls were given in yahoo messenger for clients:

It was a fantastic profit day for all my clients today

Short Nifty Futures around 2945 with stop loss 2972 for target 2890 and it made 2897....VERY GOOD PROFIT

Short Nifty Futures around 2950 with stop loss 2972 for target 2920-2880 and when it made 2860, told to cover the position....SUPER DUPER PROFIT

Short RCom around 205 with stop loss 207.2 for target 200 and it made 199....VERY GOOD PROFIT

Short HDIL around 152 with stop loss 154.2 for target 143-136 and it made 140....SUPER DUPER PROFIT

Short SBI around 1175 with stop loss 1182 for target 1160-1135-1100 and it made 1065....SUPER DUPER PROFIT

Short India Bulls Real Estate around 125 with stop loss 126.2 for target 119-115 and it made 117....SUPER DUPER PROFIT

Market Outlook 31/10/08

The level of 2740 still showing crucial trend

After a break of one day, market will resume today.It was a volatile day on wednesday with nifty feeling pressure at higher levels and the trend is expected to continue today also.On global front, The Dow Jones industrial average went up nearly 190 points with less volatility after the Commerce Department's report that GDP fell at an annual rate of 0.3 percent during the third quarter -- its worst showing in seven years. Analysts expected a 0.5 percent decline in GDP, the broadest measure of economic growth or contraction, but while the report was better than expected, it still pointed to an economy that is shrinking.The new report said Americans' disposable income fell at an annual rate of 8.7 percent in the quarter, the largest in records dating back to 1947 and the worst still doesn't seem to be over yet.A collapse of the housing market and locked-up lending have produced the worst financial crisis to hit the country in more than 70 years.To cushion the fallout, the Fed slashed interest rates on Wednesday by half a percentage point to 1 percent, a level seen only once before in the last half century.The Dow Jones industrial average rose 189.73 to close at 9,180.69.On Thursday, the dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude fell $1.54 to settle at $65.96 per barrel on the New York Mercantile Exchange.In indian market today, nifty is facing continuous pressure around 2740 as mentioned on wednesdaya nd today also 2740 will be crucial trend and if nifty stays above that, then it will move to 2800 and if fails to cross 2740 on higher side, it will go down to test 2620 great supporta nd break wil take to 2575.Overall interesting weekend.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 29/10/08

Profit booking in the market and still closing positive

Market opened up with gap up and struggled around 2740 as nifty couldn't sustain above 2740 and came down to make a low of 2632 and then again went up above 2700.Volatility was there in the market today also as market was facing pressure at higher ends.Nifty closed at 2697, up 12 points. Metal, oil & gas stocks and few technology stocks saw good buying coming in, whereas realty, pharma and FMCG stocks witnessed selling pressure.Top Sensex gainers include Hindalco, Mahindra & Mahindra, Wipro and ACC, while losers are Reliance Communications, Ranbaxy, DLF and Satyam Computer, among others.Among the frontliners, Suzlon Energy fell 75% and Reliance Industries tanked 40%. Tata Motors and Tata Steel plunged 60% each.Volumes increased due to F&O expiry.Market breadth was in favour of declines; about 1324 shares have advanced while 1637 shares have declined. Nearly 229 shares remained unchanged.On the global front, Asian markets ended mixed.European markets were trading higher.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2710 with stop loss 2690 and stop loss hit

Short Nifty Futures around 2720 with stop loss 2742 for target 2670 and it made 2685....VERY GOOD PROFIT

Buy SBI around 1138 with stop loss 1133 and it made just 1149 and then stop loss hit

Short HDIL around 138 with stop loss 141.2 for target 132 and it just made 134

Short Reliance Industries around 1182 with stop loss 1195 and it made just 1169

Buy Bank of India around 218 with stop loss 215.6 for target 226-230 and it made 228.5....VERY GOOD PROFIT

Short India Bulls Real Estate around 120 with stop loss 121.2 for target 115 and it made 115.3....VERY GOOD PROFIT

Short Reliance Industries around 1190 with stop loss 1198 and it made 1183 and then hit the stop loss

Market Outlook 29/10/08

Deepawali upmove to continue..!

It was a blasting deepawali muhurat trading yesterday as indian market also danced to the deepawali celebrations as nifty zoomed 160 points to close at 2684 and buying expected to continue today also.Realty, metal, power, capital goods, oil and auto stocks lead the rally yesterday.Global cues are also very positive today with The Dow Jones industrial average jumping nearly 900 points due to short covering ahead of Fed meet and rate cut announcement on Wednesday and after start of the Fed's efforts to revive lending in the commercial paper market, where companies turn for short-term loans and Dow raected positively by closing 889.35 points to 9,065.12.The market's reaction was notable because it was investors' anguish over a likely recession that had them selling just days ago. But analysts don't necessarily see that change of heart as a sign of health.The dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude settled down 49 cents to settle at $62.73 a barrel on the New York Mercantile Exchange.For today, indian market is looking bullish and nifty above has small hurdle at 2740 and once it gets past that big hurdle is only at 2850.Below 2740, nifty will remain weak and lower level support is at 2590.Watch out the level of 2740 and even if nifty jumps above this and later hour if breaks this level, be cautious in longs as tomorrow is again a trading holiday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 27/10/08

Deep crash and then huge short covering towards the close

It was a very volatile day of trading today as nifty-though opned above 2500, couldn't sustain above it and once it started trading below it went on crashing and made a low of 2253.Then recovery came in last hour of trading with buying coming in telecom, pharma, capital goods, realty, oil & gas and IT stocks pulling the market up above 2500 again and making a high of 2540 and then closed at 2,524, down 59 points from previous close.As expected, volatility was severe this time.As usual, it was Reliance Industries which took the initiative in breaking the market in the morning session.Market breadth was extremely weak throughout the day and about 698 shares have advanced while 2305 shares have declined. About 187 shares remained unchanged.Asian markets also trading very weak today.Top Sensex gainers include Bharti Airtel, Reliance Communications, Reliance Industries, Satyam Computer and TCS, while losers are Mahindra & Mahindra, Tata Motors, Grasim, SBI and Tata Power, among others.In this historical crash of market, there are many stocks which are at very atractive level on long term view.Investors are going on selling beyond imagination and market is definitely oversold also.

Following calls were given in yahoo messenger for clients:

Due to severe volatility, only 2 golden calls were given with super duper profits today

Short Reliance Industries around 1032 with stop loss 1040 for target 1000-985-950 and it made 930....SUPER DUPER PROFIT

Short HDIL around 129 with stop loss 130.2 for target 120-115.5-111 and it made 107....SUPER DUPER PROFIT

Market Outlook 2710/08

Uncertain market with severe volatility

It was total bloodbath in indian market on friday as it broke strong support of 2850 and went crashing down to break one more significant major support at 2590-which is a worrying part now.On global scenario,The Dow Jones industrial average fell 312.3 to 8,378.95.The Federal Reserve is expected to lower interest rates by at least a half-point to 1 percent this week. But the rate reduction is already priced into the market and unlikely to calm its restlessness.With a recession seen as inevitable, if not already under way, any Fed rate cut would be aimed at cushioning the fallout.U.S governments $700 billion financial bailout package is still not taken positively by the market.World market is seeing bad times.The Fed had moved to the sidelines out of fear that its rate cuts would worsen inflation. Since then the inflation threat has lessened. The threat of a global recession has dampened once surging prices for energy, food and other commodities.Now a few economists are starting to worry about deflation - a widespread and dangerous bout of falling prices -- if the U.S. and world economy get stuck in a long and painful recession.For today in indian market, nifty will face solid resistance around 2600 on upper side and failure to get through this resistance will result in testing of 2520 again and break will create havoc again which will take nifty towards 2400 straight..!! sentiments may be positive only if nifty gets past 2600 with volume and stays above that which will take nifty towards 2680 and then 2740 solid resistance..! one can expect severe volatility due to trading holiday's this week and also due to expiry on thursday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 24/10/08

Break 2850....bloodbath in the market

As clearly mentioned today, 2850 was the huge support and it was told thet break of 2850 everything will crash and the result is there to see..!! It was a crash across global equity markets today.The Reserve Bank of India has announced the credit policy, wherein it has kept all key rates remained unchanged.Banking stocks took huge beating on the bourses, after the credit policy.Nifty broke 2850 in early minutes of tarde and once it broke 2850, it never even touched 2850 again as it was a staright crash.Sellers were in rampage today and the same thing happened even in U.S market when government put a ban on short selling and stock market reacted in opposite way and even in indian market, same thing repeated.Yesterday SEBI banned FIIS short selling and market raected in opposite way by crashing down.Below 2850 support was at 2740 and after breaking 2740, straight support was at 2600 and when nifty touched 2600, it bounced back to 2650 and then again in last minutes, came down heavily to break even 2600 to make a low of 2525 !!.Today, Reliance Industries, ONGC, Reliance Communication, SBI, ICICI Bank, HDFC, HDFC Bank and L&T were main players dragging market down.Nifty at 2584, down 359 points from the previous close.The market breadth was negative with advances at 87 against declines of 1196 on the NSE.

Following calls were given in yahoo messenger for clients:

It was good profits for my clients today

Buy Nifty Futures around 3810 with stop loss 2790 and it just made 3822 and then hit the stop loss

Short Nifty Futures if breaks below 2740 for huge profit and it crashed deeper.....SUPER PROFIT

Buy HDIL around 147 with stop loss 145 for taregt 158 and it made 157....SUPER PROFIT

Buy Reliance Capital around 643 with stop loss 639 and it made 656....GOOD PROFIT

Short Reliance Infra around 429 with stop loss 436 for taregt 400-380 and it made 372....SUPER DUPER PROFIT

Buy HDIL around 138 with stop loss 136 for taregt 148-153 and it made 146....SUPER PROFIT

Market Outlook 24/10/08

Market likely to pull up from supports

It was a very volatile day for indian market yesterday after opening deep down and remaining there till mid afternoon and then sudden pull up and then again deliberate selling at the end.Expiry effects have started taking place now and market looks set for huge pull up towards 3500 !!.FIIS
short selling now banned by SEBI is also positive for the market.Things will change only if nifty breaks below 2850.If nifty holds 2850 and closes above 3050, sentiments will turn very positive for expiry.On global scenario, some positive cues are there for today.The Dow Jones industrial average rose 172.04 to 8,691.25, after rising 277 points and falling by 276 points during the session, witnessing huge volatility.The credit markets again showed signs of easing after locking up when Lehman Brothers Holdings Inc. declared bankruptcy in mid-September.The dollar was mixed against other currencies after jumping to multiyear highs Wednesday, while gold prices fell.Light, sweet crude rose $1.09 to settle at $67.84 on the New York Mercantile Exchange.Here in indian market, if nifty gets past 2985, it will move towards 3025 resistance first and after that it will be direct testing of 3085 and if gets past that, then all round buying will set in.Higher level is very interesting to see today as volatility will be too much again.On lower side, nifty has good support at 2915 and below that 2850 is very strong support and if breaks 2850, everything will crash.Overall an interesting weekend today.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 23/10/08

Market move above 3000 and again slide at close

It was deep gap down opening near 2900 as expected due to weak global cues and nifty remained below 3000 for most part of the morning session and after Finance Minister announcement of SEBI asking FIIs to reverse short positions on borrowed shares, nifty rallied to go past 3050 but this upmove did not last too long as Nifty collapsed again to low point of the day.Huge selling was seen in metal, oil, auto, realty, banking and pharma stocks.It was a terrible day for stock market across the world.Reliance Industries, Infosys SBI were all weak today and were dragging the market down.Nifty closed at 2943, down 122 points from the previous close.The market breadth was negative with advances at 231 against declines of 1044 on the NSE.

Following calls were given in yahoo messenger for clients:

It was huge profits day for all my clients today

Buy Nifty Futures around 2965 with stop loss 2945 for target 3010 and it made 3012....SUPER DUPER PROFIT

Buy Nifty Futures around 2970 with stop loss 2955 for target 3020 and it made 3016....SUPER DUPER PROFIT

Buy HDIL at 137 with 136-135 as stop loss for target 145-148 and it made 158.5....SUPER DUPER PROFIT

Buy Reliance Capital around 635 with stop loss 629 and it made 651....GOOD PROFIT

Buy SBI around 1373 with stop loss 1364 for target 1400 and it made 1392....GOOD PROFIT

Short Reliance Industries around 1272 with stop loss 1281 and it made 1243....VERY GOOD PROFIT

Buy ICICI Bank around 374 with stop loss 369.8 for target 394-410 and it made 415....SUPER DUPER PROFIT

Buy SBI around 1353 with stop loss 1348 for target 1375 and it made 1373....GOOD PROFIT

Buy reliance Infra around 452 with stop loss 447.5 and it just made 457 and then hit the stop loss

Buy reliance Infra above 460 for target 475-485 and it zoomed to 488....VERY GOOD PROFIT

Short HDIL at 156 stop 159 for target 150-148 and it made 147....VERY GOOD PROFIT

Market Outlook 23/10/08

Wall street crash will effect indian market now

It was a very bad day for indian market yesterday as it started falling right from the opening bell and never really recovered till the end closing below 3100 and in all probability set to open deep down today due to weak global cues.On global side, wall street crashed due to deep recession and weak corporate earnings following a raft of disappointing profits and outlooks from major U.S. companies.For many U.S. companies, the damage has already begun.The outlook for the global economy is bad.Stocks dropped across Asia and Europe, falling even harder in South America, where Brazil's Bovespa index and Argentina's Merval had losses near 10 percent. Argentina's president announced plans to nationalize private pension funds to protect retirees from the financial crisis.The dollar hit multiyear highs against several other major currencies, weighing on commodity prices.The Dow Jones industrial average fell 514.45 to 8,519.21, after being down as much as 698 points in the final half hour of trading.Light, sweet crude fell $5.43 to $66.75 a barrel on the New York Mercantile Exchange, after falling as low as $66.20.So, for today nifty below 3045 will directly test 2945 strong support area and break below that, one more big support is only at 2850.On upper side, 3000 will act as big hurdle for today.Volatility may continue today also.

Stock watch for the day:

Reliance Infra (472): Short this stock with stop loss 486 for target 445-415.

Market Outlook 22/10/08

Market crashing on global pressure

Market witnesed selling pressure right at the opening bell and never recovered for the whole day and the last hour saw heavy selling taking to low of 3052.Asian and Europian markets also witnessed heavy selling today which also effected indian market which was already under selling mode.Market mover Reliance Industries took the initiative today to break the market below 3100 to test the previous low.As expected, there was severe volatility at times today.Nifty closed at 3065, down 169 points from the previous close.The market breadth was negative with advances at 287 against declines of 965 on the NSE. Top Nifty gainers included ITC and Hindustan Unilever while losers included Idea, Tata Steel and Unitech.

Following calls were given in yahoo messenger for clients:

It was a very good day for my clients

Buy Nifty Futures around 3105 with stop loss 3079 and it made 3128

Buy Reliance Industries around 1350 with stop loss 1347 and it hit the small stop loss

Short Reliance Industries around 1355 with stop loss 1356 for target 1315 and it made 1305....VERY GOOD PROFIT

Buy HDIL at 147 with stop loss 145 for target 155 and it made just 149 and the hit the small stop loss

Buy Reliance Capital around 655 with stop loss 648 for target 675 and it made 676....VERY GOOD PROFIT

Buy Maruti around 633 with stop loss 628 for target 655 and it made exact 655....VERY GOOD PROFIT

Short SBI around 1433 with stop loss 1438 and it made just 1423 and when it came up, gave cover call at 1436

Short SBI on break of 1415 for target 1400-1380 and it made 1383....VERY GOOD PROFIT

Market Outlook 22/10/08

Volatility to continue in the market

Even though Nifty was bullsih and got past 3240 yesterday in the last hour, it couldn't sustain above that and closed below 3240-which will again play an important role today also.On global front, mixed third-quarter reports were dissappointing and The Dow Jones industrial average fell 231.77 to 9,033.66.The technology-focused Nasdaq saw steeper declines than the other major indexes after server and software company Sun Microsystems warned it would post a loss for its fiscal first quarter and book a write-down.Though credit markets around the world are easing out and is a good sign for the market.The dollar was higher against other major currencies, while gold prices fell.Light, sweet crude fell $3.36 to settle at $70.89 barrel on the New York Mercantile Exchange.In indian market for today, if Nifty gets past 3240 and sustain above that only we can see some movements around 3300-3330 levels and if nifty stays below 3240, it will test 3200 first and if breaks that, downside strong support is at 3150.Volatility will be continued for the time being.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 21/10/08

Market closing higher as expected

Market started moving up at the opning bell and halted around 3180 and came down again to break above 3200, but again couldn't cross the crucial resistance of 3240 and came down heavily to a low of 3160 area and then moved up to break above 3240 and then closed at 3234, up 112 points from the previous close.HUge buying was seen in realty, technology, capital goods, power, oil, telecom, FMCG and banking.Reliance Industries was very positive today helping the idnex to move up.It was a very good day for indian market.The Asian and Europian markets also were trading positive today.The market breadth was positive with advances at 916 against declines of 343 on the NSE. Top Nifty gainers included TCS, Reliance Communications and Tata Steel while losers included Idea, Sun Pharma and Hindalco.

Stock watch of the day:

RCom: This was given a buy call with stop loss 225 for target 255 and it made a high of 263

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3220 with stop loss 3240 for target 3160 and gave cover order at 3200

Short Nifty Futures around 3250 with stop loss 3264 for target 3200-3175 and when it made 3175, gave cover call....SUPER DUPER PROFIT

Short India Info around 53 with stop loss 53.5 for target 51 and it made 51.80....GOOD PROFIT

Short SBI around 1470 with stop loss 1481 for target 1445-1420 and it made 1481.6 and then down to 1445....sheer bad luck

Buy Reliance around 1380 with stop loss 1365 for target 1405-1425 and it made exact 1425....VERY GOOD PROFIT

Buy SBI around 1475 with stop loss 1465 for target 1500-1535 and it hit the stop loss

Short BHEL around 1143 with stop loss 1147 for target 1120 and it made 1112........VERY GOOD PROFIT

Buy SBI if breaks 1480 for target 1500-1535 and it made 1505....GOOD PROFIT

Market Outlook 21/10/08

Positive global cues to guide indian market

It was a very very volatile trading on positive side yesterday with nifty making a high of 3238 and closing around 3100 level.On global front, there are more positive signs which will help indian market for sure.Bank-to-Bank lending rates eased further showing the easing of credit markets which were of main concerna dn DOW reacted positively yesterday by moving above 400 points.The credit markets were gradually responding to the series of bailout measures by governments around the world, including a joint U.S. and European plan to buy stakes in private banks to boost their lending.The Dow Jones industrial average rose 413.21 to 9,265.43.Light, sweet crude rose $2.40 to settle at $74.25 a barrel on the New York Mercantile Exchange.On indian market, yesterday's RBI's announcement to cut Repo rates by 100 bps to 8% with immediate effect is a positive for market and also RBI will announce its half-yearly credit policy on Friday, another rate cut is possible.For today, if nifty moves above 3145 it may directly test resistance at 3240 and if nifty crosses 3240 it may shoot upto 3300-3340 also today.On downside, 3100 is one support for nifty and if breaks 3100, then 3060 is super strong support for today.

Stock watch for the day:

RCom(231): Buy this stock with stop loss 225 for target 245-255.Below 226 it is not a buy.

Intraday Call Performance 20/10/08

High volatile market ending positive

Though market opened positive and went above 3100 in opening bell, trading was very volatile and first hour saw tremendous volatility and afternoon session invited heavy buying that took nifty to make a high of 3238.Market major Reliance Industries took the initiative to lift the market above 3200 today.RBI's announcement to cut Repo rates by 100 bps to 8% with immediate effect and also positive European and Asian markets had positive effects for the market sentiments today.Nifty closed at 3122, up 48 points.Realty and power stocks witnessed some selling pressure. Top gainers on Sensex included the four IT heavyweights, along with HDFC Bank, ICICI Bank, Bharti Airtel and ITC. Sensex losers were BHEL, Grasim and DLF, among others.Higher levels were exerting pressure today also.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3140 with stop loss 3128 for target 3175 and it made 3159 and then hit the stop loss

Short Nifty Futures around 3170 with stop loss 3185 for target 3120 and it made 3144

Buy Nifty Futures around 3130 with stop loss 3110 for target 3180 and it made 3168

Short Reliance around 1290 with stop loss 1302 and it made just 1282 and then hit the stop loss

Short L&T around 798-800 with stop loss 805 for target 765 and it hit the small stop loss

Short HDIL around 129 with stop loss 131 for target 123 and it made just 126.5 and then hit the stop loss

Short Reliance Infra around 498-500 with stop loss 506 and it hit the stop loss

Buy Reliance at 1335 with stop loss 1320 for target 1365-1380 and it made 1380

Buy ICICI Bank around 410 with stop loss 402 and it made 417

Buy Reliance Capital around 638 with stop loss 630 for target 660 and it made 653

Market Outlook 20/10/08

Markets are about to move up now !!

It was a fearfull fall for indian market where nifty went near 3000 levels on friday.Now the global scenario has to help in lifting the market from here on.The Dow Jones industrial average lost 127.04 points on Friday to close at 8,852.22, after falling 261 points in the early going and rising 302 points - a 563-point range.The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude rose $2 to settle at $71.85 a barrel on the New York Mercantile Exchange.Only positive signs was volatility was not severe like in the past days and signs of market settling down is evident.Credit markets are showing signs of revival and will be interesting in coming day's and also market all over the world are over sold.In indian market, nifty has great support at 3000 and above that it will move towards 3100 resistance and if fails to cross 3100, then chances of testing 3000 is on again and break of 3000 will definitely take into one more support area at 2945-which will be held for sure.On upper side if nifty moves past 3100, then buying will come in to take nifty towards 3165-3200 level.If there is lower opening near the supports, don't go for selling as buying or solid recovery is expected from lower levels today.Panic is only if nifty breaks 2945 support, otherwise big upmove expected.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 17/10/08

Market crashing from high again and closing in red !

Though market opened positive by opening above 3300 as expected, it couldn't sustain at higher leevls and below 3330 crucial resistance it started coming down heavily without even touching 3330 again to make a low of 3046 breaking straong support of 3100 and then closed at 3074, down 194 points from the previous close.Realty, power, metal, telecom, capital goods, oil, banking and technology stocks took heavy hitting today.Asian markets also crashed today.Reliance Industries took the initiative in breaking down the market heavily today.It was a scary fall in the market in closing day of the week.The market breadth was negative with advances at 268 against declines of 988 on the NSE. Top Nifty gainers included BPCL and HCL Technologies while losers included Reliance Industries, Suzlon, Unitech, DLF and Siemens.

Stock watch for the day:

Reliance Infra: This was given a buy call above 566 for target 585 and it made a high of 582

Following calls were given in yahoo messenger for clients:

Clients enjoyed good profit today

Short Nifty Futures around 3310 with stop loss 3325 for target 3250 and told to cover full position at 3250....SUPER DUPER PROFIT

Short Suzlon around 96.5 with stop loss 97.4 for target 93-89 and it made 85....SUPER DUPER PROFIT

Buy Reliance Infra around 545 with stop loss 534 and stop loss hit

Buy DLF around 319 with stop loss 314.9 and then gave cover at 320-321

Short SBI around 1502 with stop loss 1510 and it just made 1494 and stop loss hit

Short Reliance Industries at 1392 with stop loss 1404 for target 1355-1300 and it made 1287....SUPER DUPER PROFIT

Market Outlook 17/10/08

Market looking good for upmove !

It was a drastic day in indian market yesterday as nifty crashed right till the strongest support of 3100 and then bounced back.On global market today, things are positive and indian market also might take these positive cues.The Dow Jones industrial rose 401.35 to 8,979.26, showing an 816-point swing from its low to its high of the session and displayed a Very very volatile trading yesterday.The Dow changed directions 75 times in Thursday's session.Credit markets are performing better this weak than last week because of the government rescue steps and since things are not yet settled properly, volatility is expected to continue in the market and the past 10 day's has seen severe movements in the market.The sweet crude fell $4.69 to settle at $69.85 a barrel on the New York Mercantile Exchange, the lowest settlement price since Aug. 23, 2007.The dollar rose against other major currencies.In indian market, nifty has strong resistance at 3330 for today and if able to cross that then it will make moves to 3400 straight.On downside if nifty breaks 3220-strong support for today, it may test 3165 support.If there is gap up opening near 3330 and unable to cross 3330, some selling might come for sure.

Stock watch for the day:

Reliance Infra (558): Catch this stock above 566 with stop loss 550 for target 585-600

Intraday Call Performance 16/10/08

Indian market crashing and closing weak

It was a terrible day for indian market as market opened in deep red below 3200 and made a low of 3099.Asian and European markets also had free fall today which also effected indian market.Though recovery came in late afternoon lifting nifty above 3300 again, it couldn't sustain at higher levels and slipped and closed weak at 3269, down 69 points from previous close.Huge sell off was seen in oil, capital goods, technology, auto and power stocks.Though RBI measures were positive, global weekness was too much to handle for indian market and also the inflation numbers which came out at 11.44% lower than last time around couldn't help indian market in any way.Select banking and financial stocks also recovered on hopes that further steps will be taken to increase liquidity in banking system.The Sensex and Nifty tested new-2008 lows in today's trade. The market breadth was negative with advances at 366 against declines of 899 on the NSE. Top Nifty gainers included Reliance Communications, DLF and Unitech while losers included Nalco, Hindalco and Suzlon.

Following calls were given in yahoo messenger for clients:

Huge profits for all my clients today

Short Nifty Futures around 3205 with stop loss 3220 for target 3160 and when it made 3130, told to cover the full position....HUGE PROFIT

Short Sail around 100 with stop loss 101.2 for target 95 and it made 96....GOOD PROFIT

Short Unitec around 81 with stop loss 82.2 for target 75 and it made 77....GOOD PROFIT

Short Reliance Infra around 550-555 with stop loss 566 for target 520 and it made 500....HUGE PROFIT

Buy SBI around 1420 with stop loss 1410 for target 1465-1490 and it made 1559....HUGE PROFIT

Market Outlook 16/10/08

Global market melt down again..!!

It was a drastic fall in indian market yesterday as nifty went for selling right from the opening and halted around 3300 support area which is likely to be broken in the opening bell today.Reserve Bank of India on Wednesday cut CRR (cash reserve ratio) by 100 basis points, or 1 per cent.This CRR cut will infuse Rs 40,000 crore (Rs 400 billion) into banking system.The RBI also increased interest rates on Non-Resident deposit schemes by 50 basis points, or 0.5 per cent.Though these measures are positive for indian market, global melt down may effect its sentiments today.On global scenario, The Dow ended down 733.08 at 8,577.91 after the government's report that retail sales plunged in September by 1.2 percent -- almost double the 0.7 percent analysts expected.Big U.S. banks started falling in line Tuesday behind the rejiggered bailout plan.Even though government came out in bailing out financial sectors, economy slow down seems to be continuing.The credit markets have been showing tentative signs of recovery, though they remain strained.Light, sweet crude fell $4.09 to settle at $74.54 per barrel on the New York Mercantile Exchange.In indian market, one can expect gap down opening today and below 3300, nifty will remain weak only.Downside supports below 3300 will be at 3265 and below that 3200 and 3160 will be the strong support.On upperside above 3300, nifty will face resistance at 3380-where heavy selling is expected.Onle above 3380, things will turn positive.If there is gap down opening, watch out for first support at 3265 and if not broken, buying might come from there.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 15/10/08

Market closing in negative zone again

After 2 day's of rally, market gave up all its gains and closed in negative.It was selling at opening bell today and never really recovered till the end.Weak global cues and also L&T posting dissappointing second quarter numbers all resulted in today's fall.Larsen and Toubro crashed 11% on the back of dissappointing second quarter numbers.Europian and Asian market also went for deep selling today also had an effect in indian market today.Nifty closed at 3338, down 180 points from the previous close.The market breadth was negative with advances at 136 against declines of 1142 on the NSE. Top top gainers included Sun Pharma, BPCL and Hero Honda while losers included Reliance Infrastructure, Reliance Communications and L&T.RBI is going to announce some measures in the evening to ease liquidity in financial system and will result in next market action now.RBI may announce CRR, Repo and an SLR cut today evening which will be good for the market.

Following calls were given in yahoo messenger for clients:

It was a fantastic day of huge profits for my clients today

Short Nifty Futures around 3460 with stop loss 3480 for target 3400-3375 and when it made 3375, told to come out of all position....SUPER DUPER PROFIT

Short Reliance Infra around 604 with stop loss 609 for target 575-550 and it just hit 609.4 and made 538....it was sheer bad luck

Short Essar Oil around 110 with stop loss 113 for target 104-98 and it made 96....SUPER DUPER PROFIT

Short SBI around 1530 with stop loss 1540 for target 1490-1465 and it made 1455....SUPER DUPER PROFIT

Buy Reliance Infra around 545 with stop loss 539 for target 566 and it made 565....SUPER DUPER PROFIT

Buy L&T around 896 with stop loss 889 for target 920 and it made 913....GOOD PROFIT

Market Outlook 15/10/08

Market looking tired after huge rally

It was huge rally and then profit booking at the end in indian market yesterday and higher level was exerting pressure continuously yesterday.In global scenario, The Dow Jones industrials declined 77 points on Tuesday after piling up their biggest point gain ever on Monday on news of Europe's rescue plan and in anticipation of the United States' new measures.Profit-taking set in after the Dow surged more than 400 points at the opening.Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership.Only time will tell whether this bail out plan will work or not as investors are still not confident and definetly takes some time.The Dow fell 76.62 to 9,310.99. Light, sweet crude fell $2.56 to settle at $78.63 per barrel on the New York Mercantile Exchange and The dollar fell against most other major currencies, while gold prices declined.In indian market today- if nifty gets past 3560, it will move to first resistance of 3600 and if breaks taht allround buying might come in.But, for today 3560 and 3600 are very tough resistances where selling might come in again and on lower side, supports are at 3490 and 3445.Markets may open flat today and then after europian market opens may show some strong movements.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 14/10/08

Market witness profit booking in the last hour

It was a fantastic gap up opening today due to the positive global cues which took nifty to a high of 3648.Buying was seen in technology, pharma, realty, capital goods, few banking and telecom stocks.The Asian markets closed mixed while European markets held firm.In the afternoon session nifty started sliding below 3600 and then never even touched 3600 for the whole day.Volatility was also seen today and nifty was struggling at all higher levels.After seeing severe profit booking in the last hour, Nifty closed at 3518, up 27 points from the previous close.The market breadth was positive with advances at 926 against declines of 352 on the NSE. Top Nifty gainers included Tata Communication, Sun Pharma and Satyam while losers included SAIL, Reliance Communication and ONGC.Still market is looking goood and if global cues remain positive, it will move up again.

Stock watch for the day:

Reliance Capital :This was given a buy call with stop loss 790 for target 860 and it made a high of 939....HUGE PROFIT

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients

Buy Nifty Futures around around 3635 with stop loss 3620 for target 3665 and it made 3664....GOOD PROFIT

Buy Nifty Futures again around 3615 with stop loss 3600 and it made 3630

Buy Nifty Futures around 3585 with stop loss 3574 and it just made 3595 and then hit the stop loss

Buy SBI around 1545 with stop loss 1535 for target 1570 and it made 1569....GOOD PROFIT

Buy Reliance Infra around 642 with stop loss 635 and it made 658....GOOD PROFIT

Buy Reliance Capital around 874 with stop loss 868 and it just made 876 and then hit the small stop loss

Buy Kotak Bank at 495 range stop 491 for target 505 and it made 503....GOOD PROFIT

Short DLF around 310 with stop loss 313.2 for target 300 and it made 303....GOOD PROFIT

Short Reliance Infra around 640 with stop loss 645 for target 620 and it made 624....GOOD PROFIT

Market Outlook 14/10/08

Market might explode heavily again today..!

It was a great trading day yesterday as nifty jumped above 3500 and it remained in bullish mode throughout the day and today also global cues are very positive and in all probabilities, nifty might open gap up.It was a historic day for U.S market yesterday as The Dow gained more than 11 percent in response to dramatic government economic relief efforts in the U.S. and overseas -- and the possibility of the even bolder American action-its biggest one-day rally since 1933, and by points it shattered the previous record for a one-day gain of 499, during the waning days of the technology boom in 2000.The Dow Jones industrial closed at 9,387.61 up by 936.42 points from the previous close.The surge came as executives from leading banks were summoned by the Bush administration to Washington to work out a plan to get loans, the lifeblood of the economy, moving again. And it followed signals that European governments would put nearly $2 trillion on the line to protect their own banks.
In indian market today, if nifty opens gap up above 3630, it will move straight to resistance at 3740 and crossover of 3740 may fire to 3820 straight.It will be interesting to see where it will open today.On downside below 3630, nifty has supports at 3550-3490-3445.It's an interesting day of trading and today it will be buy at dips again.

Stock watch for the day:

Relaince Capital (807): Buy this stock in dips with stop loss 790 for target 835-860

Market Outlook 13/10/08

Market closing positive as expected

It was huge gap up opening today and momentum was maintained till the end.This relief rally was clearly mentioned here today.The Banking, capital goods, realty, power, telecom, technology and metal stocks led today's huge rally.Nifty closed at 3490, up 210 points from the previous close.All sectoral indices were in the positive today.Central banks and governments globally are giving first preference to credit crisis and are trying to solve liquidity problems.United Kingdom, announced the government extending a GBP 37-billion (USD 64 billion) lifeline to UK banks.European markets were trading smartly on hopes that these credit crisis problems will get resolved soon.Asian markets also recovered sharply in late trade.The market breadth was positive with advances at 966 against declines of 323 on the NSE. Top Nifty gainers included Reliance Communications, ICICI Bank and Reliance Infrastructure while losers included Ranbaxy and Sun Pharma.It will be interesting to see market moves henceforth as it is almost near to big resistance of 4550-4600 and if doesn't cross this level, it will start sliding again.

Following calls were given in yahoo messenger for clients:

It was a huge profit day for all my clients today

Short Nifty Futures around 3465 with stop loss 3485 and it made 3448....GOOD PROFIT

Buy Nifty Futures above 3485 for target 3500-3520 and it made 3556....GOOD PROFIT

Buy Reliance Capital around 809 with stop loss 804 for target 840-860 and it made 816 and then hit the small stop loss

Short Bank of India around 275 with stop loss 279 for target 265 and it made 268....GOOD PROFIT

Buy Suzlon around 98 with stop loss 97.5 for target 103-106 and it made 109.8....HUGE PROFIT

Buy Kotak Bank around 458 with stop loss 452 for target 475 and it made 480....HUGE PROFIT

Buy Reliance Infra around 548 with stop loss 542 for target 570 -582-600 and it made 613....HUGE PROFIT

Short DLF at 294 with stop loss 296.5 and it made just 291.8 and then hit the stop loss

Buy Reliance Capital around 818 with stop loss 813 and it hit the stop loss

Market Outlook 13/10/08

Market may just start showing relief rally now

It was a scary fall in indian market last week and the begining of this week may show some relief rally though global cues are still negative.The Dow lost 128 points, giving the blue chips an eight-day loss of just under 2,400, or 22.1 percent. On Friday, the Dow was down 468 points at 3 but rocketed 790 points and was up 322 points just after 3:30. It then sold off but closed down only 128.The Dow Jones industrial closed at 8,451.49-128 points down from the previous close.Most major central banks around the world slashed interest rates this week after continuing problems in the credit market triggered concerns that banks will run out of money.Meanwhile the US government has decided to buy stake in banks, first time since Depression.The purchase of stakes in companies would be in addition to the main thrust of the $700 billion rescue effort, which is to buy bad mortgages and other distressed assets from financial institutions.Moreover the Finance officials from the world's top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century.On Friday, the Reserve Bank of India (RBI) said it would make a deeper-than-expected 150 basis point cut in cash reserve requirements on Saturday, to release 600 billion rupees ($12.4 billion) into the system.The stock market may take some positives on these news now.For today, even if there is gap down opening buying wil come from lower levels and nifty above 3340 will face resistance at 3400 and on downside below 3250 might go till 3220-3200.Watch out for volatile day of trading again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 10/10/08

Market crash again as expected

It was a straight fall in the opening bell as indian market also felt the global pressure and also weak IIP data.Though market recovered from low's, it fell again around 3365 to go near to 3200 again and then closed at 3278, down 235 points from the previous close.Overall it was a very volatile and scary day for indian market today.Severe selling was seen in Metal, realty, capital goods, power, banking, and oil stocks.European and Asian markets also crashed heavily today.The market breadth was negative with advances at 133 against declines of 1155 on the NSE.Among the frontliners, ICICI Bank, Reliance Infrastructure, Reliance Communication, Tata Steel, Jaiprakash Associates, Suzlon Energy, Ambuja Cements, Unitech and Tata Communication fell 11-18%.Now, RBI has taken initiative to inject around Rs 60,000 crore liquidity in the banking system in the form of cutting CRR by 150 bps.Next weak opening might depend on global cues again and some recovery might come in next week.

Following calls were given in yahoo messenger for clients:

It was a fantastic day of huge profits for my clients today

Short Bank of India around 276 with stop loss 280.2 for target 265-256 and it made 253....HUGE PROFIT

Short Reliance Infra around 591 with stop loss 598 for target 560-530 and it made 501....HUGE PROFIT

Short SBI around 1335 with stop loss 1345 for target 1290-1265 and it made 1262....HUGE PROFIT

Short Reliance Capital around 843 with stop loss 848.2 for target 800-770 and it made 772....HUGE PROFIT

Market Outlook 10/10/08

Disastrous slide in world market..!!!!

Though day before yesterday indian market recovered from low's, it is looking very weak today again because of the very bearish global cues and if nifty breaks 3330, on more big fall might come today and trading might be very volatile and intraday will be very dangerous at sometimes today.It all started with manipulators and continuing with them and the way, the things are going now, long term base will be formed very soon now and nifty looks all set to break 3000 !!
The Dow Jones industrial crashed yesterday by more than 600 points !! global market really looks scary at this stage and investors are all trapped now.A wave of fear about the economy sent stocks lower in the final two hours of trading after a volatile morning in which major indicators like the Dow and the S&P 500 index bobbed up and down.On the New York Stock Exchange, declining issues came to nearly 3,000, while fewer than 250 advanced.The Dow ended the day at its lows, finishing down 678.91, or 7.3 percent, at 8,579.19. The blue chips hadn't closed below 9,000 since June 30, 2003, and haven't closed at this level since May 21, 2003.Light, sweet crude fell $1.81 to settle at $86.62 a barrel on the New York Mercantile Exchange, the lowest closing price since October last year.In indian market, nifty might see some buying only above 3540-the previous support and most likely scenario is nifty will open gap down and if it breaks 3330, it will witness another major crash.Playing range is between 3330-3540.It is better to avoid intraday today as volatility might be severe sometimes in the day today.Infosys Technologies also might announce its results today.

Stock watch for the day:

Just avoid intraday today

Intraday call performance 08/10/08

Dangerous crash and some recovery at the end !

Today indian market crashed heavily at the opening bell to break all supports and make a low of 3329 It was horryfying fall in indian market due to global negative cues.After sun-outage break, nifty recovered from low's to 3500, then came down again towards low and at the closing hours it recovered well to close at 3513, down 92 points from the previous close.Major sell off was seen in FMCG, technology, banking and capital goods stocks.As expected and told here, U.K government came out with financial rescue plans late afternoon which lifted the market sentiments as expected and told here.Still nifty closed well below crucial resistance of 3540.The market breadth was negative with advances at 141 against declines of 1144 on the NSE. Top Nifty gainers included Ranbaxy, Tata Power and Nalco while losers included Suzlon, BPCL and Wipro

Following calls were given in yahoo messenger for clients:

Avoided major trading today due to dangerous market conditions

Buy Nifty Futures around 3430 with stop loss 3420 and it made 3445

Buy Bank of India around 263 with stop loss 262 and then gave cover order at 265-266

Buy Reliance around 1555 with stop loss 1548 for target 1580 and stop loss hit

Short Bank of India around 264 with stop loss 266 and small stop loss hit

Market Outlook 08/10/08

Market still under slippery mode

Though indian market witnessed selling even yesterday, it saved important support of 4540 and closed above 4600 showing little strength compared to U.S market and today again global cues are ver negative and nifty might well test 4540 again and break of that will take it down to 60-100 points.It was scary market in U.S as Dow crashed more than 500 points as investors are uncertain of economy slowdown and measures taken by the government on financial status and at the close The Dow Jones industrial fell 508.39 points to 9,447.11.Economic pain is going on increasing and whole world market is getting effected now.Today Great Britain is announcing its financial rescue plans for their problamatic banking system and this may invite some buying in the market later on from low's.For today, if nifty breaks 3650, it will face very strong resistance at 3680 where heavy selling might come in and if crosses, things may turn little positive and on lower side if nifty breaks 3575 support, it may well test 3540 again and break of this crucial support may take nifty towards 3500 and then 3465 very strong support.If nifty opens gap down, buying might come in from low's.Be carefull in today's trading.High volatility also is also expected because of tomorrow's trading holiday.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 07/10/08

Market just saving crucial support of 3540 and closing flat !

Market started off with a bang today moving above 3700 and then came down to support area of 3680 and then broke even that and after sun-outage break, it was straight fall below 3600 and then recovered suddenly to move 100 plus points within 30 minutes and volatility was extreme today.Late afternoon session witnessed more selling which took nifty towards strong support area 3540 and then again bounced back moving above 3600 and then closed flat at 3606, up 4 points from the previous close.Total market turnover stood at 77,297.33 crore a bit higher than Monday's trade.The market breadth was negative with advances at 332 against declines of 936 on the NSE. Top Nifty gainers included Nalco, Reliance Power and SAIL while losers included L&T,Sterlite Industries,HDFC Bank, Siemens and TCS

Following calls were given in yahoo messenger for clients:

It was a fantastic day of big profits today

Short Nifty Futures around 3710 with stop loss 3724 for target 3660 and it made 3610 and gave cover order....HUGE PROFIT

Short Nifty Futures around 3595 with stop loss 3605 and it hit the small stop loss

Buy Reliance Industries around 1668 with stop loss 1660 for target 1700-1730 and it made just 1678 and then hit the small stop loss

Short Reliance Infra around 650 with stop loss 661 for target 630-615 and it made 622....HUGE PROFIT

Short Bank of India around 282 with stop loss 286 for target 274-266 and it made 267....HUGE PROFIT

Short Reliance Infra around 662 with stop loss 671 and it made 652....GOOD PROFIT

Short Reliance Capital around 1020 with stop loss 1033 for target 990-970 and it made 963....GOOD PROFIT

Market Outlook 07/10/08

U.S economy problems creating global stock market crash

It was a scary crash in indian market yesterday and even today the global markets are very bearish and moreover
The Dow Jones industrial fell 369.88 points to 9,955.5.After trading as low as 9,525 intraday and on track for its worst-ever point decline, the Dow clawed back to close at 9,955.50, its first close below 10,000 since 2004.The sell-off came despite the $700 billion U.S. government bailout package and this huge economic slowdown in U.S has resulted in global stock market melt down.Be carefull in indian stock market as for today, nifty has great support now at 3540 and if this is not broken, it will move up to test its first resistance at 3625 and above this it will move towards 3685-3710 and If nifty breaks all important support of 3540, then one more strong support exisits at 3465 which will not be broken for sure. So, a very important and interesting day of trading today.Can india de-couple from world market today !!

Stock watch for the day:

Today's calls only for clients

Intraday call performance 06/10/08

Market crashing below 3600 and nifty near major support !!

Global weekness crushed the indian markets today and this was clearly mentioned here that break of 3745 will result in 100-150 straight fall and it happened exactly as nifty made a low of 3582 after breaking 3745.Asian and Europian markets also crashed badly along with the indian market.As expected, big brother -Reliance Industries took the initiative again to crack the indian market as it crashed very badly falling to 1630 range.The market breadth was negative with advances at 57 against declines of 1227 on the NSE. Top Nifty gainers included Tata Communication and BPCL while losers included Sterlite, Suzlon, Tata Steel and DLF.It was a scary fall in indian market as nifty reaching 3550 from level above 6000 !

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3655 with stop loss 3635 for target 3685-3710 and it made 3706....HUGE PROFIT

Buy Nifty Futures at 3650 with stop loss 3638 and it made 3667....GOOD PROFIT

Buy Kotak around 514 with stop loss 509 and it hit the small stop loss

Buy Reliance Industries around 1700 with stop loss 1690 and it made 1724

Buy Bank of India at 280 with stop loss 278 and it hit the small stop loss

Short Reliance Infra around 683 with stop loss 692 for target 660-650 and it made 626....HUGE PROFIT

BUY ONGC around 985 with stop loss 980 for target 1000 and it made 998....GOOD PROFIT

Buy Bank of India around 265 with stop loss 263 for target 272 and it made 274....GOOD PROFIT

Market Outlook 06/10/08

Market near the crucial edge again !

Indian market crashed again on friday and closed well near to 3800 support area.On global front, The Dow Jones industrial fell 157.15 points to 10,325.70 after the U.S. House of Representatives approved a $700 billion financial rescue plan as investors are still in uncertain condition about this rescue plans of the government.The U.S. crude settled at $93.88 a barrel, down 9 cents.Now for today, if nifty reminas above 3800 it will be positive and if breaks 3800, then it will slide heavily towards one more big support area 3745-which has to be protected or else another 100-150 points big fall cannot be ruled out and on upper side, nifty has crucial resistanes at 3870 and 3920 and then 3980 strongest resistance.So, watch out for the crucial begining on the week.It will also be interesting to see the market major Reliance Industries in action today.
Banking, Real estate and Infrastructure stocks will be interesting to watch today.Nifty might also open gap down near the support area.So, better to watch out for the crucial first hour.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 03/10/08

Market cracking as expected !

As told here, nifty never crossed 4000 and remianed weak and crashed to make a low of and closed at 3818, down 132 points from the previous close.The main contributor of this downfall as usual was Reliance Industries.The Asian markets also closed weak.Today's last hour saw huge selling.The market breadth was negative with advances at 223 against declines of 1030 on the NSE. Top Nifty gainers were Ranbaxy, BPCL and Sun Pharma while losers included Tata Steel, ICICI Bank and Sterlite.So, the weak closed in bearish mode today.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3915 with stop loss 3940 for target 3860 and when it made 3850, told to cover all position....HUGE PROFIT

Short TCS around 654 with stop loss 657 and the small stop loss hit

Short Reliance Infra around 784 with stop loss 793 for target 760-740 and it made 730....HUGE PROFIT

Short ONGC around 1022 with stoploss 1029 for taregt 1009 and it made 1013

Short TCS around 653 with stop loss 660.5 for target 640-630 and it made 643

Short Reliance Capital around 1095 with stop loss 1107 and gave cover order around 1080

Buy Reliance Capital around 1078 with stop los 1072 and it made 1088 and told to cover anywhere in profit as it was final hours of trading

Market Outlook 03/10/08

Below 4000 nifty remains weak

Indian market just recovered from low's on wednesday and closed good.But, as i mentioned on wednesday itself, today's moves will depend on global cues as yesterday was a trading holiday and global cues are negative for today as DOW jones fell 348.22 to 10,482.85 even after the $700 billion financial industry bailout found a second life on Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.Unemplyement worries again showing concern in U.S now.The U.S has also extended ban against all short-selling in the shares of more than 800 financial companies till 17th of this month.Light, sweet crude fell $4.56 to settle at $93.97 a barrel on the New York Mercantile Exchange. Gold and other commodities also declined during the session.So, be cautious in higher levels today.Nifty has to get past crucial resistances at 4000-4025 for further upmove and if nifty breaks 3920, it will slide to 3880 first and then break will take to 3845.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 01/10/08

Market closing bullish ahead of trading holiday tomorrow

Though market started in negative mode in the morning session, recovery came in the later session to pull the market up like yesterday as nifty made a high of 4000 and then again in the last hour profit booking came in.But volatility was seen today as expected ahead of trading holiday tomorrow.Today it was the day of IT stocks which puled the market, though market mover Reliance Industries closed negative.Buying was also seen in telecom, FMCG, power, pharma and few metal stocks and also selling was seen in realty and few oil stocks.Today's U.S market will be of utmost interest and important also for indian market opening on friday.Nifty closed at 3950, up 29 points from the previous close.The market breadth was positive with advances at 772 against declines of 477 on the NSE. Top Nifty gainers included Satyam, HDFC Bank, Tata Power while losers included SAIL, L&T and Reliance Industries.

Stock watch for the day:

Reliance Infra :This was given a short call with stop loss 820 for target 760 and it made a low of 761 and high of 818.7

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3880 with stop loss 3902 and it made 3865

Short Nifty Futures around 3975 with stop loss 3995 for target 3950 and it made 3954

Short Reliance Capital around 1111 with stop loss 1122 and it made 1093

Short ONGC around 1028 with stop loss 1033 and it hit the small stop loss

Short TCS around 652 with stop loss 656 and it hit the small stop loss

Short Bank of India at 283 with stop loss 285.2 and it hit the small stop loss

Short ICICI Bank around 560 with stop loss 566.5 for target 540 and it made 544

Short DLF around 354 with stop loss 358 and it made 349 and then hit the small stop loss

Buy Reliance Capital around 1160-1165 with stop loss 1148 and it made 1182

Market Outlook 01/10/08

Will the market hold on at higher levels !!

Though indian market opened low due to global breakdown, it recovered remarkably well to move almost near to 4000 and will it stay above 4000 is a big question mark now as ADAG may have different plans and tomorrow's trading holiday may bring in volatility also.On global scenario, The Dow rose 485.21 to 10,850.66 after the historic fall yesterday.Though the U.S governments financial rescue plan failed, they are in for second attempt in improving credit crisis and though nothing has been still finalised, this upmove is not with full confidence as worries are still very much in investors and DOW can go down again.Light, sweet crude rose $4.27 to settle at $100.64 on the New York Mercantile Exchange. Oil fell more than $10 a barrel Monday as investors worried that a weaker economy would curtail demand.For today, nifty above 3920 will face tough resistance around 3970 and above that 4025 will be very very strong resistance for the day.Downside nifty has strong support at 3895 and then at 3860.One can expect volatile market in the begining of new month today.Be cautious at higher levels today.

Stock watch for the day:

Reliance Infra (790): Short this stock at higher levels with stop loss 820 for atregt 775-760.If moves above 820, don't be short on this.