Market outlook for 3rd December

Market Outlook for 3rd December

Begining of december and last month of the year starts and market interestingly poised and looks set to test 6000 again if 5820 resistance is taken off.So, for today market sentiments are looking very good , but still watch out for 5820 resistance and crossover might be very bullish and also one sided to test 6000 resistance for one more time i believe.Anyways, today's closing and tomorrow's trading is very important for further market actions in coming day's.Today keep a watch on IT stocks-might move strongly.

Stock watch for the day:

Crompten Greeves: Watch this stock for today and move above 420 will fire towards target 440-445 today itself

Neyveli Lignite: This stock is looking hot.Buy this with stop loss 230 for target 245-252

Intraday call performance 30/11/07

30/11/07

Market opened strong and remained strong throughout the day and even crossed 5760 mark and made a high of 5783 and closed below 5800 and now 5800 is the only resistance to watch out for on monday and above that might be one sided for monday and if stays below 5800 and not able to cross 5800 then again trend remains bearish.

To Start with "Market Outlook"- "Market Watch Section"

INDUSIND BANK: As given here, this stock above 118 hit 124 and the taregt was given as 124-126

IDFC:Below 200, this was a sell call..but, it went above 200.So, call not initiated

Following calls given in yahoo messenger for clients:

Short JP ASSOCIATES at 1815 stop 1830 and stock came down to 1807 and then hit stop

Short Bhushan Steel at 1370 stop 1385 and stockcame down to 1320...big profit

Short Bajaj Hindustan at 200 stop 203.5 and came down to 199 and hit stop loss

Short RPL at 217.5 stop 219...small stop...don't worry and stop loss hit and it made a low of 216 and then hit stop

Short Bharti at 926 stop 927 and stock came down to 922 and todl to cover with small profit

Market outlook for 30th November

30/11/07
Today being last day of the week as well as month, market may be volatile again and if nifty remains below 5660 it will be week only.Above 5660, some buying will come again.Watch out 5660 and on downside, watch out 5590 support.

Stock watch for the day:

Indusind Bank: This stock has made a break out and if remains above 118, it will move to 124-126 and below 117 will come down to 115-114.

IDFC: This stock seems to be loosing strength again and facing selling at every raise and today watch out for 200 and if doesn't cross sell it for lower targets 194-192

Intraday call performance 2911/07

29/11/07

Although nifty opened high and also crossed 5700, it couldn't sustain above that and finally gave up all gains and came down to make a low of 5612 and the only satisfaction in today's nifty movements is yesterday's low is not taken off.Now that expiry is over, clear market movements might start probably from monday or tuesday onwards.

To Start with "Market Outlook"- "Market Watch Section"

OMAXE: This stock was given a clear buy for target of 425-435 range and this stock made a high of 428

IFCI: Although this stock crossed 91 resistance, it made just 92.35 as upward target was given as 94 and below 91, it hit downward target of 86 as expected and given here.

Following calls given in yahoo messenger for clients:

Buy JP HYDRO AT 107 STOP 106.....KEEP STOP LOSS INTACT AND JP ZOOMED TO 109.5

Buy GESHIPPING AT 484 STOP 482 AND GE ZOOMED TO 491

Short IDEA at 122.2 stop 123.2...small risk....last call of the day and stock came down to 116

Market outlook for 29th November

29/11/07

Nifty has broken the strong support at 5630 and closed at 5617 is a worrying factor and trend shows downside now and it still remains to be seen whether it is just an expiry effect or not..! monday onwards nifty might show some direction to the market.For today, market will be volatile and remains to be seen whether nifty can get past strong resistance of 5660 in today's volatility and if gets past that then again some buying will emerge or else, selling will come at every raise.Downside, 5560 and then 5500 are the support area.

Stock watch for the day:

OMAXE LTD (411) : This stock looks hot and above 415 will shoot upto 425-435 range and below 415, strong support at 400.Lower opening, buy this stock with stop loss 400

IFCI (88) : This stock will face strong hurdle at 91 today and above that will shoot up to 94-96 and below 91, target is 86-84.

Intraday call performance 28/11/07

28/11/07
Although nifty started with upward movement and resisted exactly at my resistance point and was trading in a narrow range for the whole day, it gave up its gain and closed down below its big support at 5630.This is all because of expiry of this month.Tomorrow will be a very volatile day.

To Start with "Market Outlook"- "Market Watch Section"

INFOSYS: This stock as expected moved upwards and got past 1590 and couldn't cross 1600 and once it broke 1590, it directly fell to 1560 as told and made low of 1557 and closed at 1569

SAIL: As told, it made a high of 270 and also as it broke 260, it went down as expected and made a low of 249

Following calls given in yahoo messenger for clients:

Buy IDBI at 169 stop 166 and stock zoomed to 172.5

Buy IDFC at 210 with small stop loss at 209 and stock hit stop loss...small loss

Buy G.E SHIPPING at 494 stop 490 and stock zoomed to 507.5

Buy IDFC at 205 now stop 204.5 and stock zoomed to 208 and told to come out

Buy Essar Oil at 214 stop 212 and stock zoomed to 215.5 and when it came down later..told to cover at 214.7

Market outlook for 28th November

28/11/07

Although market is very volatile ahead of expiry and week world markets, it is still not showing major weekness till now.For today, 5750 will be major resistance and above that nifty will fly and might hit 5785-5800 also-the final ressitance.Below 5750, nifty will remain week and 5630 will be major support on downside.Volatility will be too much for another 2,3 day's.Market recovery is possible today.Watch the levels mentioned above.

Stock watch for the day:

Infosys: Dollar improving and there are scopes of upmovement for today.Watch this stock when it moves upto 1590 and above that might test 1610 strong resistance and if still doesn't cross 1590, then weekness will continue.So, watch for 1590 resistance.Downside 1560 will be support.

SAIL: This stock has major support at 260 and if it holds on to 260, it will move upto 270-275 today.Downside, if 260 is taken off we might see 255.