Intraday call performance 23/06/08

Volatile day of market

Market opened weak as expected but was above 4300 surprisingly for about 45 minutes and then once started sliding below 4300, it was allround selling which took nifty towards 4200 as it made a low of 4225 and then buying came very heavily to lift nifty up with more than 100 points.Though Europian markets opened flat, it recovered a bit later on and at the closing bell nifty again started sliding below 4300 and closed around 4250.This volatility will continue for whole of this week because of so many factors around and main thing is of nuclear deal issue and government survival which will be known on wednesday and thursday is the expiry day. Oil, Pharma and Banking stocks contributed much into this downfall.

Stock watch for the day:

Polaris: This was given a sell call with stop loss 93 for target 86 and it made 86 with high at 91

Following calls were given in yahoo messenger for clients:

Good day of profits for clients

Buy Nifty Futures around 4220 with stop 4200 and it made 4275 and gave cover order

Short Nifty Futures around 4325 with stop 4340 and it made 4260

Buy Axis Bank around 676 with stop 670 and it hit exact support and then zoomed to 710

Short SBI around 1235 with stop 1252 and it made first target given at 1190

Short Axis Bank around 688 with stop 695 and when it made 680, gave cover order

Short Tisco at around 762 with stop 766 and it made 742

Short Axis Bank around 710 stop 713 and it made 691

Black monday for indian market..!

Where market is heading now..!

Already markets are crushed even though it is oversold as there seems to be more pressures of inflation and Government survival problems as it was evident in friday's crash and now nifty has already broken all supports and is near to 4300 and if at this stage government falls, where will nifty go....! Bahujan Samaj Party chief Mayawati has withdrawn her party's support to the Congress-led United Progressive Alliance government at the Centre.The BSP has 17 members in the Lok Sabha, which has an effective strength of 543. The UPA currently has the support of 220 members. The Left parties, which have 59 lawmakers as a block, extend outside support to the government. Dow fell more than 200 points yesterday and for india it will be a black monday and maybe with huge gap down....!
According to me, even if government falls here, timing also plays an important role and if the bad news comes of government fall when nifty is around 4200, impact might be too deep and nifty might see 3600-3500 straight and if th government survive for some more time and falls when nifty is at around 4800, then nifty might dip to 4000-3900 levels.
On otherway round, if government doesn't fall 4100-4000 level will be the bottom for this correction
and nice time to pick some good stocks also....
This week will be full of activity in political circles and in stock market, it is expiry effect....so, get ready for the action packed week......

Intraday call performance 13/06/08

Flat closing of the market....

Even though nifty was trading positive in the opening, it came down some points and started trading flat in anticipation of inflation figures and once the high inflation figures came in, market was very much reluctant to go up and thoughit broke 4500, it didn't go much downwards and closed flat well below yesterday's close

Stock watch for the day:

Tisco: This was given a sell call with stop loss 865 for lower target 840 and it made a low of 836

Following calls were given in yahoo messenger for clients:

Clients made very good profits today....

Buy NIfty Futures around 4460 with stop 4440 and when it made 4500, told my clients to cover their positions

Buy DLF around 489 with stop 485 and it hit the small stop loss

Buy Bombay Dyeing around 734 with stop 725 and it made 746

Short Suzlon at around 257 with stop 261 and it made 243

Buy Tisco around 839 with stop 835 and it made 855

Intraday call performance 11/06/08

A Good Day for the Bulls....

Market was totally in bull control today as told and higher levels did exert pressure, but selling was not severe like before and yesterday's closing level was also not breached whole day..! Today's closing was still impressive as it closed just around 4540 resistance and now the real test will be 3635 level and if breaks that then 4700-4800 also might be possible or nifty might just reverse around 4635 tough resitance ahead.

Stock watch for the day:

Essar Oil:This was given a short call with stop loss 241 for target 223 and it made just 229

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4520 with stop 4545 and it made just 4510 and then when it came up, told to cover position at 4523

Short Nifty Futures around 4520 with stop 4540 and it made a low of 4475

Short Bombay dyeing around 690 with stop 696 and it made just 683 and then hit the stop loss

Short VSNL around 453 with stop 455 and it made just 450

Short Cairns at 292 with stop 294.5 and it made 286

Short Bombay Dyeing at 690 with stop 696 and it made 683

Short Essar Oil around 234 with stop 235 and it made 229

Market Outlook 30/05/08

After managing to trade above 4900 for most part of the day, nifty just crashed in the last hour as there were FIIs selling heavily and nifty then touched 4800 and then moved up again and for today nifty has hurdle around 4900 and if breaks this it may try for 4930 and then 4960 testing will be on again.As long as nifty is holding its support at 4790, there is no much panic in the market for sure.But higher levels will exert pressure again.Inflation figures may set the trend today.As told, Nifty has final support at 4790 on downside and if breaks below that straight support at 4740-4700 only.

Stock watch for the day:

Satyam (524): Buy this with stop loss 519 for target 534-545.If slides below 519, it is not a buy.

Market volatility continues

03/11/07

As expected by me, nifty took support from 5700 level and again was able to cross and close above 5900 mark and the market volatility is still continuing and also looks very bullish even though there are lot of negtaive factors running around like oil price raising in international market, the never ending indian political problems, us economy problems, weekening of dollar etc.Still, the market is zooming and now looking towards 6050 first and if crosses that level then we can see 6300 level very soon.Market is definitely looking like standing on needle point now and if corrections do take place anytime, then sensex might wipe out 2000-3000 points for sure.Now, since all the sebi meeting, fed meeting, p-notes issue are all over, markets might sail again on upper side very smoothly unless anything negative thing happens all of a sudden.But, market volatility wil remiana nd 5700 might become stop loss for all longs now.But, there is still lot of strength in the market as there are lot of buyers coming in at every dip in the market.Reliance pack is taking a major part here.