Market Outlook 11/06/08

Till Nifty holds 4370, it's buy in dips..........

Market again plunged after nifty broke 4000 and made a low of 4370 and buying came again at the closing point taking nifty towards 4450 level and for today, if nifty gets past 4465, it will test 4500 and then 4530 a big resistance and higher level is exerting pressure continuously and will continue today also.If market opens low, buying will come till yesterday's low is held and selling might come in the later part and if market continues from yesterday, watch higher level selling.Yesterday Crude dropped $3.04 to settle at $131.31 a barrel on the New York Mercantile Exchange.The dollar rose against other major currencies, while gold prices tumbled.Still global cues are negative with japan, europe, china are all showing weekenss.In our market, from here onwards till 4370 is held it's a buy in dips.

Stock watch for the day:

Essar Oil (229): Short at higher levels with stop 242 for target 223-219

intraday call performance 10/06/08

Volatile day of market ............!!

It was a very volatile day of tarding with movements on both sides and traders were totally confused when the market was showing volatility in the alst hour of trading as it was making moves on both sides.Though market openingw as well above yestedray's close, it couldn't cross the first resistance at 4545 and started sliding down slowly and in the later afternoon sldie becaome severe breaking all the inbetween supports and closing around 4460.

Stock watch for the day:

RPL : This was given a short call with stop loss 181 for lower target 164 and it made a low of 165 and high was just 174

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4430 with stop 4405 and it made 4455 and told to cover position when it came down to 4425

Buy Nifty Futures around 4360 with stop 4355 and it made 4393

Buy Dr Reddy's Lab around 698 with stop 694 and it made 710

Buy Tisco around 820 with stop 816 and it made 827 and then hit the stop loss

Buy RCom at around 540 with stop 538 and it made just 543 and then hit the smal stop loss

Short Bombay Dyeing around 636 with stop 641 and it made 628

Market Outlook 10/06/08

Time to pick up quality stocks..!

Atlast nifty broke 4440 strong support and it seemed like operators broke that support purposely to make a new low support and will be interesting to see today's moves now.For today, if nifty moves above 4545, it will test 4590 first and then testing of 4635 final strong support is on.But higher level will exert pressure for sure and more interesting part is to see the extent of pull back rally.Nifty remain below 4525 sentiments will remain weak and on downside 4575 will act as support and break below 4440 will be another big support to watch.Time for buying quality stocks at dips now and lots of money are waiting on the sidelines to be dumped in the stock market and there may be another big upmove shortly.Moreover Oil prices closed Monday at $134.35 a barrel, down from last week's high of $139.12 a barrel and if slides further will be good for the market.

Stock watch for the day:

RPL (171)-Short this with stop loss 181 for target 168-164.If moves above 182, dont short.

Intraday call performance 09/06/08

As expected, market carshed in the opening bell and made a low of 5411 breaking its strongest support as given here at 4440 and till mid afternoon was trading in too deep red and then recovery came which pushed nifty above 4500 and even closed above that and tomorrow might be interesting to see where it is heading as indications are there to target 5600-5700 on upperside and then selling might emerge again.

Following calls were given in yahoo messenger for clients:

Though calls were given late today because of the market volatility, it gave good profits

Short Nifty Futures at around 4500 with stop 4535 and it made 4450

Short Nifty Futures at around 4500 with stop 4535 and told to cover position at 4445

Buy Bombay Dyeing at around 670 with stop 664 and it made 687

Buy Tisco around 803 with stop 798 and it made 828

Short DrReddy at around 701 with stop 703 and it made 697 and then hit the small stop loss

Short Tisco around 825 with stop 828 and it hit the small stop loss

Market Outlook 09/06/08

Friday DOW crashed, Crude is all time high at $138 a barrel and still expected to reach $150 within a week.So, suddenly all bad news are coming together and for today, indian market also expected to open low and as is aid, 4440 still holds the key and if this support is held it's good and if this support is broken, then there may be severe panic in the market.I am expecting slight pull back around 4440 support area.Opening and first 30 minutes trading is very important today and don't be long in any stock if 4440 gets broken (possibility very slim).On upper side, 4635 will be very very strong resistance for today.Play between 4440-4635 and any break of these levels will be deciding the future moves.

Stock watch for the day:

Todays call only for clients

Intraday Call performance 06/06/08

Market as expected started positive trading above 4700 and later on inflation figures spoiled the party as expected and told here also and nifty broke its strong support at 4635 and came down to make a low of 4614 and closed just around supports again making it interesting on monday when the market opens.

Stock watch for the day:

Cairns: This was given a short call if fails to break 273 and it opened above that in the morning itself because of some positive news and hence position not taken

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4645 with stop 4620 and when it made 4685, gave cover order

Short Nifty Futures around 4710 with stop 4735 and when it made 4645, told to come out

Buy HDIL around 644 with stop 638 and it made 648 and then came down to hit the stop loss

Buy TISCO around 845 with stop 837 and it made just 847 and then hit the stop loss

Buy Bombay Dyeing around 772 with stop 768 and it made 780 and then hit smal stop loss

Short Century Textiles around 630 with stop 636 and it made 599

Short Bombay dyeing around 785 with stop 796 and the stock came down carshing and todl to come out at 745

Short Cairns at 286 with stop 288 and made just 285a nd small stop hit

Short HDIL at 642 with smll stop loss at 644 and it made 638 and then went up to hit small stop loss

Market Outlook 06/06/08

These day's everyday there seems to have some news to the market and today the expectation is on inflation rate and is also expected higher than before and is bad for the market.Yesterday nifty pulled up exactly at support level of 4535 and though Sentiments are looking very good today, inflation data release is a concern.If nifty moves above 4700 it will hit 4740 first and then tough resistance at 4785-4800 range.Higher levels will exert pressure again and on lower side, 4630 is support for today and if breaks that, then may go to 4570 support.Late afternoon session selling pressure might come due to inflation data release and is definitely expected higher this time.

Stock watch for the day:

Cirns: Watch this stock at higher levels and if doesn't cross 273, just short it for target 258-254