Friday, January 18, 2008

Intraday call performance 18/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty crashed breaking 5820 and made a low of 5677 on downside.I was expecting a fall till 5750 this time, but nifty went on breaking all supports placing all stock traders in shock.Many future traders are shocked as they have their future positions in danger now.

Stock watch for the day:

G.E.Shipping:This was a buy call only above 465 for target 485 and stock made just 477 and once it broke 465 came down crashing to make a low of 445.

Following calls were given in yahoo messenger for clients:

Buy Sail again around 242 with stop 239.5 and stock zoomed to 248.9

Buy Triveni Engeneering around 168 with stop 165 and stock made 173 and told to come out

Small risk and Buy Triveni around 161 stop 159...small stop loss and stock made 165 and told to cover as 166 was strong resistance

Short Voltas around 251 with stop 253...small stop loss and stock came down crashing to make a low of 233

Market Outlook 18/01/08

FII'S are taking the market as they like and they are turning out to be the main culprit of this fall and for those who have taken long positions in stock futures this fall is a nightmare now and as is aid, unless nifty clears 6100, nifty will witness fall on every raise now.According to me, nifty can make a stop around 5750 this time around in coming day's.For today, nifty will again face resistanmce around 6000 as yesterday and 5875 will be a strong support on downside and if nifty breaks 5875, then it will definitely move towarsd 5840 first.On upper side, even if nifty crosses 6000, itis nots afe as it will face very very strong resistance at 6030 today.

Stock watch for the day:

G.E.Shipping (472): Watch this stock and if 466 is not taken off, buy for a target of 485 and below 466 it's not a buy.

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