Intraday call performance 10/07/08

Markets ending flat....

Today market was trading on weaker side with little volatility and went down to make a low of 4100 and then again recovering in the last hour again to close around 4150 around the same closing level of yesterday.European markets were trading low and effect of U.S markets sell off yesterday also didn't show any effect on indian market today.Selling pressure has been seen in bank, IT, auto, FMCG, power, capital goods and oil & gas.Maruti Suzuki lost too much in today's trading.Markets are near to one more big ressitance at 4220-4245 now and will be interesting to see tomorrow's trading.

Stock watch for the day:

ICICI Bank : This was given a sellc all with stop loss 645 for target 610 and it made 593

Following calls were given in yahoo messenger for clients:

Today clients have earned huge profits in my calls

Short Nifty Futures around 4150 with stop 4165 and nifty started sliding from 4138 itself to make 4100

Buy Nifty Futures around 4085 with stop 4065 and when it made 4140, gave cover order

Short India Info around 685 with stop 692 and it made 647...HUGE PROFIT

Buy Reliance Capital around 1115 with stop 1004 and it made just 1122 then hit the stop loss

Short Maruti around 594 with stop at 600 and it made 561...HUGE PROFIT

Short ONGC around 885 with stop 892 and it made 869...GOOD PROFIT

Buy Bombay Dyeing around 573 with stop 566 and it made 605...HUGE PROFIT

Buy Adlabs around 421 with stop 415 and it made 435...HUGE PROFIT

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 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.