Intraday Call performance 02/07/08

Huge recovery from lows..!!

Though nifty trading low for first 2 hours of trade and made a low of 3848 and then gained tremendous momentum suddenly to lift the market to a whopping 260 points gain making high of 4108 and closing positive around 4100.Whetehr this upmove is a fake one or real buying will be known in 2-3 days and as of now buying has come very strongly from low's.Stocks like RIL, Infosys, HDFC, ICICI Bank, ONGC, DLF contributed more to this upmove and over that European markets also played very positive adding to the positive sentiments of the market.

Stock watch for the day:

Nalco: This was given a buy call with stop loss 342 for target 360 and it made a high of 357

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3875 with stop 3900 and it made just 3860 and then stop loss hit

Short SBI around 1040 a with stop 1055 and it made 1021 and thenw ent up to hit the stop loss

Short Bank of India around 198 with stop 203 and it hit the stop loss

Short JSW Steel at around 800 with stop 815 for target 750 and it made 758....HUGE PROFIT

Short Siemens around 375 with stop 379 for 365 and it made just 368 and then zoomed to hit the stop loss

Market Outlook 02/07/08

Bounce from low possible today and crash from high levels again..!

It was a horrifying day of fall for indian stock market yesterday and more surprisingly nifty broke 4000-which was a very strong support very easily and this indicates the manipulation at very strong hands and nifty made a low below 3900 in yesterday's trade..as it reached a low of 3878.....! The Dow Jones industrial average, down more than 150 points earlier, rose 32.25 to 11,382.26 and crude Oil settled at a new record of $140.97 a barrel on the New York Mercantile Exchange after rising above $143 a barrel earlier as worries about tight supply and mounting tensions in the Middle East continued.The economy which is still weak due to soaring commodities prices and the credit crisis is not showing any positive signs of strong pull back.Indian political situations are also not good at this point of time.For today, nifty above 3900 will move towards 3945 resistance where heavy selling is expected again and if nifty gets past 3945, chances of testing 4000 is strong.Higher levels will face selling and on downside, nifty below 3900 has strong support at 3860 and break below will create panic again and nifty will drop to 3840 and 3800 then

Stock watch for the day:

Nalco (350): Buy this stock with stop loss 342 for target 360.If moves below 342, it is not a buy.

Intraday Call performance 01/07/08

Market in deep red again....!

Though nifty was trading above 4000 in the morning session, buying interest was not there and as told here, once it broke 4000 huge support, it was selling aggressively that took nifty straight to make a low of 3878 and again closing was very weak below 3900 range.Market breadth was extremely weak .Manipulators seems to be hell bent on taking nifty more downwards now as they took crude to record high's.Huge sell off in European markets fueled to negative sentiments.ICICI Bank, Reliance Industries, Reliance Communication, Relaince Capital, HDFC, SBI, DLF,ONGC were all pulling the market down today.

Stock watch for the day:

Axis Bank: This was given a buy call with stop loss 585 for taregt 620 and the stock just made 610

Following calls were given in yahoo messenger for clients:

It was a good day of trading for my clients

Buy Nifty Futures around 3940 with stop 3930 and it made 3966

Short LITL around 283 with stop 285 and it made 276 and then hit the small stop loss

Short Reliance Capital around 930 with stop 940 and it made 865

Short Siemens around 377 with stop 381 and it made 362

Buy LITL at 289 with stop 286.7 and it made just 292 and hit the small stop loss

Market Outlook 01/07/08

Fear of breaking 4000....!

Yesterday, it was allround panic which took nifty to make a low of 4022 and till nifty saves 4000 big support, there will be some upside and today also low opening will invite buying, but higher levels will face selling pressure again.Fear of breaking 4000 is more as buying is still not coming strongly.Probably there is still more downside left in the market and one thing is sure-that long term stock picking time is nearing....yesterday, DJIA and S&P 500 closed with minor gain and Light, sweet crude for August delivery lost 21 cents to settle at $140.00 a barrel on the New York Mercantile Exchange. In early electronic trading, the contract hit a record $143.67. For today, nifty will face first resistance at 4065 and if crosses that 4110 will be very very tough resistance and heavy selling might come there.On downside, 4000 is very strong support and below that one more support at 3975.

Stock watch for the day:

Axis Bank (605): In lower opening, buy this stock with stop loss 585 for target 620-625.

Intraday call performance 30/06/08

Downward journey continues....

Nifty opened weak today as expected and continued its downward journey and once it broke its support at 4110, it was allround selling which took nifty to make a low of 4022.Nifty is near to all time support of 4000 and if this support is broken, market will be in total darkness.If crude reduces and dow improves a bit, nifty might pick up from here.Reliance Industries, Bombay Dyeing, Acc, oil & gas stocks were all pulling down the index today.

Following calls were given in yahoo messenger for clients:

Clients enjoyed good profits today also

Short Nifty Futures at 4105 with stop 4115 and it made 4050

Buy Nifty Futures at 4010 range with stop 4394 and stop loss hit

Short Bombay Dyeing around 635 with stop 643 and it made 575....HUGE PROFIT

Short RCom around 472 with stop loss 475.5 and it made 433....HUGE PROFIT

Buy Bank of India around 228 with stop loss 225 for the target 236 and it made just 231.4 and then stop loss hit

Short LITL around 303 with stop loss 306 and it made 278....HUGE PROFIT

Buy Reliance Capital around 952 with small stop loss at 947 and it made just 957 and then stop loss hit

Market Outlook 30/06/08

Today's closing is important for the market

Market have broken all supports and even though looks bearish, it is oversold and just needs a trigger to zoom on the upper side and is on the verge of producing a bullish upside "breakout" from this trading range.Global cues are not helping the market as crude oil factor is the main cause for all these trouble all over.Crude has closed at $140.54 a barrel and crude imports will cost the United States approximately $700 million per day and DOW also plunged by 107 points on friday to close at 11,346."Record oil prices are inflated by speculation and not justified by market fundamentals," according to Gheit. "Based on supply and demand fundamentals, crude-oil prices should not be above $60 per barrel.When crude starts crashing down, whole world market will enter into a bullish mode again.It is just a matter of time now as we are nearing or almost at the point of getting into long term bullish mode.For today, nifty above 4145 may test 4190 where selling might emerge again heavily.On downside 4110 seems to be good support for today and if breaks that nifty will directly fal to 4060 first support and then straight to 4000 big support. If market opens low, buying will come at lower levels.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 27/06/08

Total panic in the market....

Global weekness made nifty open below very important support of 4190 and once it broke 4190, it was total panic in the market though nifty recoverd a bit in the afternoon session, it came down heavily later on to make a low of 4119 and unless global situation improves, nifty is heading for 4000 now.In the charts, markets are oversold, but for the market to recover global cues and many negative factors like political situation is not supporting.Crude oil is the main culprit here trading at $140 and if the situation improves a bit here, nifty might again pick up.Inflation for the week ended June 14 has risen further at 11.42% as against 11.05% in earlier week and inflation may well reach 14% if crude oil doesn't improve from here.

Stock watch for the day:

RCom: This was given a sell call with stop loss 515 for target 475 and it made 465

Following calls were given in yahoo messenger for clients:

It was a terrific day of huge profits for all my clients as all calls hit huge targets today

Buy Nifty Futures around 4080 with stop 4058 and it zoomed to 4160

Buy Nifty Futures around 4100 with stop loss 4080 and it hit the stop loss

Short Hind Oil around 135 with stop loss 138.4 and it made 128

Buy Sail around 147 with stop loss 145 for target 152 and it made 150.6

Buy SBI around 1165 with stop loss 1150 for 1200 and it zoomed to 1190

Buy LITL around 307 with stop loss 304 and it made 317

Buy RCom around 465 with stop loss 460 and it made 483

Short Tisco at 780 with stop 786 and it made 736 and gave covering order

Buy Tisco at 722 with stop 717 and it made 735