13/11/08

Sorry to tell you that due to some emergency, i won't be updating my blog till 01/12/08

Market Outlook 12/11/08

Market in downtrend below 2950..!!

It was a very bad day for market yesterday as nifty broke 2950 and closed below it and looks like one more testing of 2850 wil be on now and break might be severe.On global scenario, The Dow Jones industrial average shed 176.58 to 8,693.96 after falling by more than 300.The credit markets have eased a bit since Lehman Brothers Holdings Inc.'s bankruptcy in mid-September, but they remain tight.Light, sweet crude for December delivery fell $3.08 to $59.33 a barrel on the New York Mercantile Exchange. Late Monday, Starbucks Corp. reported lower sales across the coffee chain, and early Tuesday, Toll Brothers Inc. posted a sharp drop in revenue and said it was too difficult to predict what the luxury homebuilder's profit would be next year.Wall Street was also jittery as the nation's feeble automakers hope for a bailout from the federal government similar to the one given ailing insurer American International Group Inc. General Motors Corp., whose shares have plunged to 60-year lows, said late Monday it would cut 1,900 factory jobs on top of the 3,600 cuts it announced Friday.At the pump, gasoline prices are at a national average of $2.22 a gallon.The dollar moved mostly higher against other major currencies Tuesday, while gold prices dipped.For today, nifty will remain weak below 2950 and on downisde has small support at 2900 and then staright testing of 2850 is definitely on and if breaks 2850, fall might be severe.On upper side, nifty will face resistance at 2950 and 2985.Nifty will be positive only if manages to stay above 3000 and possibilities are very less.Be carefull on shorting if nifty starts trading above 2950 and stays above that.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 11/11/08

Bad day for market as nifty closing below 2950..!!

It was a staright fall from yesterday's close of 3150 level to make a low of straight 2919.Market never made any recovery as once it broke strong support 3040, it was straight fall to 2950 strong final support and in the final hours of trading, it even broke 2950.European and Asian markets closed in red today.Overall a very bad day for indian market today and Reliance Industries took the initiative in breaking the market.Huge selling was seen in realty, metal, capital goods, oil, banking and power stocks.Nifty closed at 2938, down 209 points from the previous close. The market breadth was negative with advances at 266 against declines of 996 on the NSE. Top Nifty gainers included Cipla and ITC while losers included Suzlon, SAIL and DLF.

Stock watch for the day:

Reliance Capital: This was given a buy call with stop loss 692 for target 720, but it opened below 692 and never made 692 and so call was not initiated.

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge profits today

Buy Nifty Futures around 3070 with stop loss 3060 for target 3110 and it made just 3082 and then gave cover order around 3080

Short Nifty Futures around 3060 with stop loss 3082 for target 3000-2970 and gave full cover order at 2970....SUPER DUPER PROFITS

Short Reliance Industries around 1240 with stop loss 1252 for target 1220-1185 and it made 1194....SUPER DUPER PROFITS

Short RCom around 245 with stop loss 248.5 for target 235-230 and when it made 230, gave full cover order....SUPER DUPER PROFITS

Short HDIL around 122 with stop loss 123.2 for target 116-113 and it made 112....SUPER DUPER PROFITS

Short Reliance Capital around 660 with stop 664 for target 640-630 and gave cover order around 656 and later it fell to 635

Market Outlook 11/11/08

Watch out for higher levels

As expected and told nifty above 3000 remained bullish throughout the day and also managed to close above 3100 and will be interesting to see how nifty reacts at higher levels.On global scenario,The Dow fell 73.27 to 8,870.54, after rising by 215 points in early trading due to the news of China's $586 billion plan to boost its economy through a mix of spending, subsidies, looser credit policies and tax cuts. Dow then tumbled by as many as 183.The dollar was mixed against other major currencies, while gold prices rose.A barrel of light sweet crude rose $1.37 to settle at $62.41 on the New York Mercantile Exchange.For today, Nifty above 3185 will face strong resistance at 3240 and unable to cross 3240 will invite selling from high.So, watch out for 3180 first and then 3240 and if breaks 3240, all over buying will come.On downside, nifty has supports at 3100 and 3080.Volatility might come in the last hour today.

Stock watch for the day:

Reliance Capital (701)-Buy reliance capital with stop loss 692 for target 725-740

Intraday Call Performance 10/11/08

Market closing higher above 3100

Market opened well above 3000 today and as expecetd never gave up and went to move above 3100 to make a high of 3161.Metal sector was the leader in today's rally followed by power, capital goods, telecom, oil & gas and technology sectors.On the global front, European and Asian markets were trading higher.Crude jumped 5% and gold gained 2.5%. Copper price jumped 8% in London trade and Shanghai copper hit the upper limit.The market breadth was positive with advances at 949 against declines of 300 on the NSE.Top Nifty gainers included Sterlite, Tata Steel and Cairn while losers included BPCL, Suzlon and ITC.Trading volume was less today with markets staying bullsih throught the day.

Following calls were given in yahoo messenger for clients:

Clients made cool profits today

Buy Nifty Futures around 3075 with stop loss 3055 for target 3110-3130-3165 and it made 3178....SUPER DUPER PROFIT

Short HDIL around 127 with stop loss 128.6 for target 123 and it made 124.2....GOOD PROFIT

Short LITL around 185 with stop loss 186.5 for target 180 and it made 176........SUPER DUPER PROFIT

Buy Reliance Capital around 685 with stop loss 682 for target 705-720 and it made 708....VERY GOOD PROFIT

Short SBI around 1296 with stop loss 1301 and it hit the small stop loss

Market Outlook 10/11/08

Market in recovery mode now..!

Two days of fall and nifty didn't break 2850 support and now nifty will look good if stays above 3000.On global scenario,The Dow Jones industrial average climbed 248.02 points to 8,943.81.Stocks pared gains immediately after a news conference by President-Elect Barack Obama on some disappointment that he did not outline any new additional steps to shore up the ailing economy in the near term.Trading volume was also less.Oil rose slightly on Friday as the dollar slumped following bleak employment data in the United States, the world's top energy consumer.U.S. crude settled up 27 cents to $61.04 a barrel off earlier highs of $62.82 a barrel.For today in indian market, nifty above 3000 will try for 3050 resistance and if nifty gets past 3050, buying might emerge in the market or else sell from high continues.On lower side, nifty has big support at 2950 and it will turn towards 2860 again if 2950 gets broken, or else range might be 2950-3050 this time.Stay above 3050 only buying might emerge strongly in the market.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 07/11/08

Market witnessing strong pullback from low

It was a volatile day as predicted and also nifty was trading between support 2850 and resistance 2950 for most part of the morning session and in the afternoon session like yesterday, it witnessed strong pulll up from low's to take nifty above 3000, but lost some gains in the last hour of trading.It is an interesting end of the week with nifty not breaking important support of 2850.Next week will be more interesting.Nifty closed at 2973, up 80 points.Top Sensex gainers include Reliance Infrastructure, Hindalco, Reliance Communications, TCS and NTPC, while losers are Mahindra & Mahindra, ICICI Bank, Maruti, among others.

Today calls were not given to clients due to some urgent work-which was well informed.

Market Outlook 07/11/08

Market in the edge again..!!

It was a very dangerous and huge volatile day yesterday as nifty also tested its support 2850 and still closed around that support.Manipulation was at high level yesterday and was there to see for evryone.On global market, The Dow Jones industrial average crashed huge by falling 443.48 to close at 8,695.79 due to investors concern on economic weakness.Major indexes have lost about 10 percent since Barack Obama was elected president - a vote preceded by a steep rally - and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.he dollar traded mixed against most other major currencies, while gold prices fell.Light, sweet crude fell $4.53 to settle at $60.77 a barrel on the New York Mercantile Exchange.The world's largest maker of computer networking gear Cisco Systems Inc orders declined sharply last month, suggesting to the market that the weak economy and tight credit markets are taking a larger-than-expected toll on many companies around the world. Cisco fell 45 cents, or 2.6 percent, to $16.94.In indian market today, if nifty gets past 2900, again it will test 2950 and then 3000 and downside, 2850 is major support for the day and breakdown may result in nifty falling towards 2785 and then 2740 straight.One can expect one more volatile day.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 06/11/08

Market witnessing dangerous volatility today..!!

Market started off breaking the crucial resistance 2950 in the opening bell and went down to test major support at 2850 and never broke that as playing range in nifty spot was between 2850 and 2950 for most part of the day and in the late afternoon session buying came in heavily to lift the market above 2950 and crossing even 3000 mark, but came down again in the last hour to break 2950 again and close at 2892, down 102 points.Today also Reliance Industries took the major role in breaking the market down.Top Sensex gainers included JP Associates, HUL, Ranbaxy and DLF, whereas losers were Tata Steel, Tata Motors, Sterlite Industries and RIL, among others.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2935 with stop loss 2951 and it just made 2951 and then hit the stop loss

Short Nifty Futures around 2915 with stop loss 2925 and the stop loss hit

Short DLF around 258 with stop loss 262 and it just made 254 and then small stop loss hit

Short RCom around 220 with stop loss 224.5 and it hit the stop loss

Short Reliance Capital around 632 with stop loss 639 and it just made 624 and then hit the stop loss

Short LITL around 170 with stop loss 173 for target 160-153 and it made 157....VERY GOOD PROFIT

Short ICICI Bank around 435 with stop loss 444.5 for target 422 and it made 426....VERY GOOD PROFIT

Short Reliance Capital around at 630 with stop loss 642 for target 600 and it made 604....VERY GOOD PROFIT

Short HDIL around 118 with stop loss 121.5 for target 113 and it made 115....GOOD PROFIT

Market Outlook 06/11/08

Market at the edge of big support..!

It was a very bad day of trading for indian market yesterday as nifty directly broke down from 3240 resistance area to test major support around 2950.On global scenario, cues are negative as The Dow Jones industrial average fell 486.01-points to close at-9,139.27 to their fears of a deep and protracted recession after Barack Obama's presidential victory.Although the market expected Obama to win the election, as the session wore on investors were clearly worrying about the weakness of the economy and pondered what the Obama administration might do.Among financials, Goldman Sachs fell $7.57, or 8 percent, to $87.43. Citigroup fell $2.05, or 14 percent, to $12.63, while Bank of America Corp. dropped $2.78, or 11.3 percent, to $21.75.The dollar was mostly lower against other major currencies, while gold prices fell.Light, sweet crude dropped $5.23 to settle at $65.30 a barrel on the New York Mercantile Exchange.For today, nifty is all set to break crucial resistance of 2950 and maybe in the opening bell..! and on break of 2950 it will go to 2900 first and then 2845 strong support will be tested.On other side, if nifty gets past 3000, it will face strong resistance at 3050 and 3080 where heavy selling will emerge.One can witness heavy volatility in today's market.Heavy buying might come only if nifty gets past 3080 strong resistance.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 05/11/08

Market crashing exactly from resistance zone..!!

Though market was bullish today and zoomed past 3200 in the opening bell, it reacted exactly at resistance zone and came down sharply breaking strong support at 3150 and then in the afternoon session selling became more wild as nifty went on to make a low of 3971 near to major support now.Heavy sell off in heavyweight Reliance Industries triggered the sharp down fall breaking all intermediate supports.Nifty closed at 2994, down 147 points from the previous close.European markets were trading weak and Asian market was positive except indian market. The market breadth was negative with advances at 422 against declines of 836 on the NSE. Top Nifty gainers included Sun Pharma, Suzlon and Wipro while losers included GAIL, SAIL and Reliance Industries.Volatility was too much in today's market.

Stock watch for the day:

RCom: This was given a short call with stop loss 261 for target 235 and it made 261 in opening seconds and then came down crashing to make a low of 221

Following calls were given in yahoo messenger for clients:

Clients had a very good day with good profits today

Buy Nifty Futures around 3130 with stop loss 3110 and it made just 3146 and then stop loss hit

Buy Nifty Futures around 3080 with stop loss 3060 and it made 3138....GOOD PROFIT

Buy Reliance Capital around 750 with stop loss 744 and it made just 757 and then gave exit call at 755

Short Bank of India around 282 with stop loss 284.2 and it made 276

Buy SBI around 1265 with stop loss 1252 for target 1300-1330 and it made 1326....VERY GOOD PROFIT

Buy Reliance around 1300 with stop loss 1279.8 and it made 1334....GOOD PROFIT

Short Reliance Capital around 732 with stop loss 738 for target 700-685 and when it made 682, gave cover call....VERY GOOD PROFIT

Buy Reliance Capital around 680 with stop loss 678 for taregt 695 and it made 694....GOOD PROFIT

Short Reliance Capital if breaks 680 for target 660-650 and it made 651....VERY GOOD PROFIT

Market Outlook 05/11/08

Market in bullish mode and near to some hurdles

It was a good trading day yesterday with nifty closing above 3100 after initial down move below 3000.On global front, cues are very positive and The Dow Jones industrial average moved more than 300 points on U.S elections day.nvestors have overlooked a spate of bad economic data recently, including a report Monday from the Institute for Supply Management that revealed the worst monthly contraction in manufacturing activity.The dollar fell against most other major currencies, while gold prices rose.Light, sweet crude jumped $6.62 to settle at $70.53 a barrel on the New York Mercantile Exchange, a reaction to the slide in the dollar..The Dow Jones industrial average closed 9,625.28-up 305.45 points from the previous close.European shares have also been boosted by the ongoing decline in interbank lending rates ahead of expected interest rate reductions Thursday from the European Central Bank and the Bank of England.For today if nifty moves above 3150, all round buying might take nifty towards 3220 first resistance and above that 3265-3280 is one more big resistance zone.Downside supports are at 3100 and 3070 and if 3070 gets broken, it will move toward 3020 strong support for today.This U.S elections has taken the centre stage in this bad market conditions world over.Market is also over bought and interesting to see till which point this rally extends now.

Stock watch for the day:

RCom (250)-Watch this stock and short it on raise with stop loss 261 for target 240-235.Above 261, it is not a short.

Intraday Call Performance 04/11/08

Market closing bullish as expected

Market opened well below yesterday's close and even broke 3000, it recovered well and went above 3000 and as expected faced first resistance at 3080 and was trading in a range struggling to cross crucial resistance at 3080 as given here and then in the late afternoon session, heavy buying came in to lift the market breaking 3080 to make a high of straight 3150.Finance Minister P Chidambaram's meeting today with the heads of PSU banks also had positive effects on the market.He also promised adequate finance will be provided to housing & SME sector. Finance Minister is going to consider Rs 10,000 crore credit line to NHB. RBI will provide enough dollar liquidity to banks. FM aims to have CAR of 12% for all PSU banks.Nifty closed at 3142, up 98 points from the previous close.The market breadth was positive with advances at 930 against declines of 324 on the NSE. Top Nifty gainers included Suzlon, Unitech and DLF while losers included Satyam, TCS and Wipro.Bank and realty stocks led this rally followed by power, capital goods, FMCG and metal stocks.It will be interesting to see the extending of rally here onwards as market needs a breather and nifty has multiple resistances going forward now.

Following calls were given in yahoo messenger for clients:

Fantastic day of huge profits for clients today

Short Nifty Futures around 3030 with stop loss 3055 for target 2990 and when it made 3015, gave cover order

Short Nifty Futures around 3045 with stop loss 3070 and it made 3022....GOOD PROFIT

Buy DLF around 240 with stop loss 236 for target 250-256-270 and it made 300....SUPER DUPER PROFIT

Short HDIL around 135 with stop loss 137.5 for target 130 and it made just 132.9 and then hit the small stop loss

Short Bank of India around 254 with stop loss 256.3 for target 244 and it made just 251 and the hit the small stop loss

Short Infosys around 1355 with stop loss 1362 for target 1330-1300 and it made 1285....SUPER DUPER PROFIT

Short India Bulls Real Estate around 138 with stop loss 139.4 for target 130 and it made 132....GOOD PROFIT

Short SBI around 1285 with stop loss 1292 for target 1260 and it made 1263....VERY GOOD PROFIT

Buy Reliance Capital around 683 with stop loss 678 for target 695-735-750 and it made 750....SUPER DUPER PROFIT

Market Outlook 04/11/08

Market on the verge of break out..but caution ahead of U.S elections

Yesterday nifty rallied above 3000 and closed in a bullish note above 3000.Today, if stays above 3000, it will be total bullish and if not, might come down a bit.On global scenario, The Dow Jones industrial average closed 9,319.83-down 5.18 points from the previous close ahead of U.S elections today.Dow Jones moved in a range of 155 points and trading was quiet as it was evident that investors are more cautious and more focused on elections today.Stocks showed little lasting impact from the Institute for Supply Management report that its measure of U.S. manufacturing dropped last month to the lowest level since September 1982.The trade group said its index of manufacturing activity fell to 38.9 from 43.5 in September.The dollar rose against most other major currencies. Gold prices also rose.Light, sweet crude fell $3.87 to settle at $63.91 a barrel on the New York Mercantile Exchange.In indian market today, nifty above 3000 will test 3080 strong resistance and if breaks 3080, then move towards 3130 is on today.Higher level might exert pressure again.If nifty breaks 3000, then it will have strong support at 2960.Though market is looking bullish for today, trading might be cautious and indian investors also might be more focused on U.S elections today.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 03/11/08

Market closing positive above 3000

Positive global cues added with RBI rate cut took the market high above 3000 today as expected.Nifty today opened above 3000 within minutes of opening and though it came down a bit, buying came in again to lift the market above 3000.Reliance Industries, L&T, SBI, ICICI Bank, HDFC, Bharti Airtel, ONGC and NTPC were biggest contributors in today's rally.But trading volume was less.Nifty closed at 3043, up 158 points from previous close is very positive for the market.Banking and realty stocks, along with capital goods, rallied today.Top Sensex gainers include Reliance Infrasructure, JP Associates, DLF, Ranbaxy, while losers were Satyam Computer and Infosys.Remain above 3000 will be good for the market tomorrow unless we have a big negative news around.Today it will be interesting to see how DOW trades and positive close will boost indian market tomorow also.

Following calls were given in yahoo messenger for clients:

It was a good trading day with good profits for clients

Short Nifty Futures around 3040 with stop loss 3065 for target 2960 and it made 2960 and gave cover order....SUPER DUPER PROFIT

Short HDIL around 152-153 with stop loss 154.4 for target 142-136 and it made 136....SUPER DUPER PROFIT

Short India Bulls Real Estate around 126 with stop loss 128.3 and it made just 123.4 and then hit the stop loss

Short Sail around 88 with stop loss 89.2 and it made 86.8

Short RCom around 226 with stop loss 229.2 for target 218 and it made 221.8....GOOD PROFIT

Short SBI around 1220 with stop loss 1228 for target 1190 and it made 1203....GOOD PROFIT

Short JSW Steel around 311 with stop loss 313.2 for target 305 and it made 308 and told to cover position

Market Outlook 03/11/08

Positive global cues can help nifty today

It was a very volatile day of market opening up with a huge gap up on friday and then sudden crash and again move up in the last hour and closing strong.Global cues are still positive for today also, but upper level is seen exerting pressure in the market.Another positive news is of RBI cutting CRR by 1%, repo rate by 0.5% signaling softening of interest rates to prop up growth.The SLR cut would inject about Rs 40,000 crore into the banking system.The Dow Jones industrial average gained 144.32 points, or 1.57 percent, to 9,325.01.Financial shares, led by a more than 8 percent gain in JPMorgan Chase lifted Wall Street as the interbank borrowing cost eased.The interbank cost of borrowing dollars, sterling and euros again eased in overnight markets, lending support to equities.But economic data on Friday that showed U.S. consumers are tightening their belts offered more evidence of a deep slowdown, though the market appeared to shrug it off.Oil fell nearly $2 on Friday as weak demand and the global economic crisis put crude on track for the biggest monthly drop ever.U.S. crude fell $1.82 to $64.14 a barrel.It was the sharpest economic decline in seven years for the United States, the world's largest oil consumer, provoking further falls across commodities and global stock markets.For today's market in india, Nifty might turn positive only above 2920 and if stays above 2920, it will hit 2945 first and then 3000.But, if nifty fails to test 2920, it will come down sharply towards 2850 support first and then to 2790.

Stock watch for the day:

Today's calls only for clients