Market Outlook for 05/12/07

Market Outlook for 05/12/07

Nifty is facing stiff resistance around 5900 and for today, if nifty fails to cross 5900, then it might test 5820 and on the downside, 5780 will be strong support to watch out only if 5820 is broken.Above 5900, again 5920 will be the strongest resistance for today and only above that level it will be bullish.So, watch out 5900 and 5820 today.

Stock watch for the day:

Neyveli Lignite (244): Today watch out for 255 level and if doesn't cross that, sell this for target 240-236

Jindal Stainless (238.6): Watch out for strong support at 235 and if this support is held, this stock will move towards 245-250 today.

Intraday call performance 04/12/07

04/12/07

Nifty couldn't even cross 5900 today and selling came from 5897 just as told here about higher level selling....! now, 5800-5820 will be good support on downside for further upmove.


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

GE Shipping : This stock was a clear buy above 500 for the target of 520-525.But the market sentiments did not allow it to make 520 and just made a high of 513

Following calls were given in yahoo messenger for clients:

A good trading day for my clients again....

Short Glaxo around 960 stop 965 for target 935 and came down to 948

Buy Shringar Cinema at 106 stop 104.9 and stock zoomed to 108.3

Short IDFC at 221 stop 224 for targets 217-215 and came down to 214

Market Outlook for 04/12/07

04/12/07

Market Outlook

As expected nifty zoomed and near to 5900 now and overall sentiments are also very bullsih and the final resistance will be in the range of 5980-6010 and if crosses that overall buying will take nifty towards 6300 mark and if fails to cross this time also then nifty might drop to 5200 level. For today, watch the level of 5910 and if nifty moves above that will test 5960 resistance for sure.One can expect higher level selling to come today.There might also be a gap up opening today.On downside, strong support at 5835-5820.

Stock watch for the day:

G.E.SHIPPING: Remain above 500, target would be 520-525 today.Below 500, might fall to 492 range

Intraday call performance 03/12/07

03/12/07

As expected, nifty zoomed past resitance 5820 and ended in green and now only big resistance is in the range of 5980-6000.Tomorrow's closing will be interesting to watch.

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

Crompten Greeves:This stock was given a buy with stop of 420 for target 440 and stock made a high of 434

Neyveli Lignite: This was again given a clear buy with stop loss of 230 for the target of 245-252 and stock made a high of 250.7

Following calls given in yahoo messenger for clients:

The day was excellent for all my clients today.....

Buy Ispat Industries at 52 stop 51 and stock zoomed to 55

Buy Crompten Greeves at 425 stop 420 and stock zoomed to 434 and when it came down to 422 told to come out for those who haven't covered.

Buy Bank of India at 352 stop 347 and stock zoomed to 363

Buy Neyveli Liginite at 237 stop 233 and stock zoomed to 251

Short Glaxo India at 965 stop 970...small stop loss...and stock came down to 951

Buy G.E.Shipping at around 495 with stop 489 and stock zoomed to 510

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