Intraday call performance 19/06/08

Market in negative range..!

It was selling at opening bell for nifty today and as the time passed on, it even tested its strong support for the day at 4490, but could not break it convincigly and closed around 4500 in negative range.Europian markets also started trading weak today and along with this left front threat of withdrawing from the United Progressive Alliance on ongoing nuclear deal program also effected market sentiments today.Tomorrow if market breaks 4490, nifty will fall directly to 4440 suport area which again holds an important area now.Today also banking sectors like S.B.I, ICICI , HDFC, AXIS were pulling down the market to large extent.

Stock watch for the day:

IFCI: This was given a sell call with stop loss 57 for target 53 and the high was 56 and low recorded was 53.65

Following calls were given in yahoo messenger for clients:

Clients enjoyed very good profit day today also

Buy Nifty Futures around 4500 with stop 4480 and when it made 4522, told to cover position

Short IFCI around 55.5 with stop 56.2 and the stock slided to 54.2

Short Sasken Communications around 164 with stop loss 165.5 and it made 153 as target was given at 152.5

Short ITC around 204 with stop 205 and it hit the small stop loss

Short Axis Bank around 727 with stop 732 and it made 712

Market Outlook 19/06/08

Another round of selling to come now....

Market witnessed heavy selling yesterday and closed in red and selling expected to continue today also from higher levels.The Dow fell 131.24, to 12,029.06.The Dow Jones industrial average finished down more than 130 points, after briefly dipping below the 12,000 mark for the first time since mid-March. Light, sweet crude rose $2.67 to $136.68 a barrel on the New York Mercantile Exchange after the Energy Department said the nation's crude oil stockpiles fell less than expected last week but that gasoline supplies declined.The dollar was mixed against other major currencies, while gold prices rose.For today, nifty will face resistance on upper side at 4635 and if nifty remains below 4635 it will first make an attempt to break 4540 and if succeeds then strong support on downside is at 4490.

Stock watch for the day:

IFCI (55): Watch this stock at higher levels and if not able to cross 57, just short it for target 53-51

Intraday call performance 18/06/08

Markets closing in red..!

As told here, market opened gap up and witnessed heavy selling at higher levels at 4680 and came down heavily to test strong support at 4560 making low of 4570 and closing was well below strong resistance at 4635 and now it seems nifty might test 4540 again and then 4440 if 4635 isnot taken off tomorrow.Banking sectors like SBI, HDFC, AXIS, ICICI and realty stocks which were gainers yesterday were down today to close the market in negative range.There was also selling in the European markets

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge profits in all calls given today

Buy Nifty Futures around 4615 with stop 4590 and when it zoomed to 4660, told to cover position

Buy Nifty Futures around 4560 with stop 4640 and it made 4610

Short Tisco around 862 with stop 865.5 and it made 836 and position covered with super profit

Short SBI around 1380 with stop 1400 and it made 1345..made good profit

Short DLF around 518 with stop 522 and it made 490..made super duper profit

Short Sail around 166 with stop 167.4 and it hit exact second target given at 161.5..made good profit

Market outlook 18/06/08

Higher opening may invite selling...!

Market witnessed a strong rally yesterday with banking and reality stocks leading the rally and nifty made a high of 4664 and today there maybe a gap up opening also and one is advised to be cautious in gap up opening as selling will be witnessed at higher levels.Moving on the higher side, nifty will face very strong resistance at 4740 and on downside, support exists at 4635 and if nifty breaks this support it may move towards 4585 support and below that, 4560 will be very strong support.The Dow fell 108.78 to close at 12,160.30.The worst-performing stocks among the 30 Dow companies were financial companies: American International Group Inc., American Express Co. and Bank of America Corp.Though Light crude for July delivery fell 60 cents to settle at $134.01 a barrel on the New York Mercantile Exchange.The dollar fell against most other major currencies, while gold prices rose.The price of oil has doubled in the past year and inflations figures are also at record high's and still so much of negative factors to effect the market.It will be interesting to see the market movements from here on as it appears nifty has approached a very strong resistance zone now.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 17/06/08

Nifty closing the day with bullish note

Market was trading in the small range below yesterdays close early morning and later on buying emerged heavily and nifty once it broke strong resistance at 4635, there was no looking back as it made straight high of 4665 and closing the day near day's high showing very strong bull strength now and the only strong resistance for nifty now will be at 5740-5755 range.Banking and reality stocks has a good day today with stocks like SBI, MARUTI, HDFC, AXIS BANK among gainers and stocks like RCom, bharti were on the weaker side.

Stock watch for the day:

Nalco: This was given a sell call with stop loss 493 for target 470-475 and it made a low of 473 and high of just 488

Following calls were given in yahoo messenger for clients:

Decent profits for all my clients today

Buy Nifty Futures around 4555 with stop loss 4530 and it made 4600

Short Nifty Futures around 4605 stop 4610 and it made 4590 and told to cover

Short Nifty Futures at 4625 stop 4630 and it made 4616 and told to come out in profti at 4615

Short Chambal Fertiliser around 91.3 with stop loss 92 and it made 90.5 and then hit the small stop loss

Buy Axis Bank around 728 with stop 722 and when it made 768, told to cover position with huge profit

Short Suzlon around 245 with stop 250.5 for first target 240 and it made 240.3

Short SBI around 1350 with stop 1363 and it went up to hit the small stop loss

Short Chambel Fertiliser around 91.7 with stop 92.2 for first taregt at 90.3 and it made 90.2

Short Bombay Dyeing at 750 with stop 756 and it made 742 and then went up to hit the small stop loss

Market Outlook 17/06/08

Buy at low..sell at high....!

It was an interesting day for the market yesterday as nifty went past 4540 resistance and hit 4618 straight with 4635 big hurdle still not tested..! though closing was well above 4540, it was well below yesterday's high also..! Yesterday crude oil was also trading wild by reaching record of $139.89 a barrel earlier and fell 25 cents to settle at $134.61 a barrel on the New York Mercantile Exchange.Earlier, they dropped as low as $132.84 also..! Dow closed the day with minor gains yesterday.For today, buying at dips and selling at high's is the best strategy and as long as 4635 is not crossed, selling will come from higher levels.Nifty above 4570 will make an attempt towards 4620 first and if moves above that 4635 will be final ressitance tow atch out for and on downside below 4570, it can go to test 4540 support again and if breaks then again 4490 will be very very strong support for today.

Stock watch for the day:

Nalco (486): Watch this stock at higher levels and if doesn't cross 493, just short it for target 475-470.Above 493 it is not a sell.

Intraday call performance 16/06/08

A very Good day of decent profits.....

Market started the day with positive global cues and nifty once crossed 4540, it was all round buying and as expected nifty couldn't cross 4635 as it made high of just 4618 and selling emerged there and nifty though came down to test 4540 again, interestingly closed in positive mode above 4560 but much below it's day's high.Now 4635 will be the point to watch on upper side tomorrow.

Stock watch for the day:

Cairn: This was given a sell call with stop loss 295 for target 275 and it made exact 276 on lower side

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4600 with stop 4615 and when it made 4560, told to come out

Short Suzlon around 250-251 with stop 252 for target 240 and it made exact 240

Buy Ranbaxy at 575 with stop loss 571 and it made 578 and then hit the small stop loss

Short SBI at 1355 with stop 1365 and it came down to 1316

Short Tisco around 862 with stop 865 and it came down to 845