Market outlook for 13/12/07

13/12/07

Nifty has finally crossed 6100 mark and for today remain above 6110, it looks one sided and it's buy on dips today until 6110 is held.Market is in very bullish mode and as told yesterday in market outlook, nifty is targeting 6400 in near term now.Today, watch out for 6225 resistance zone on upper side and above that it might even hit 6300 also...! but, selling might arise near 6225 range.Downside, watch out for support at 6110 and if breaks (chances are very very remote), market will panic again.

Stock watch for the day:

Nahar Industries: This stock is in very bullish mode and crossover 145 will hit 155-160 today only.Downside support is at 136

Intraday call performance 12/12/07

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

Nifty reacted to world markets which were down and as said went negative below 6110.It was clearly mentioned that if nifty remains below 6110, nifty will face selling and remain week throughout the day.

Stock watch for the day:

Glaxo: This stock was given a buy above 1015 for target 1065 and the stock made a high of 1069

Following calls were given in yahoo messenger for clients:

Short Air Deccan at 263 with stop 264.5 and stock made 261.5 and when it came up again to 262.5, told to come out with no profit no loss

Buy ICICI Bank at 1300 stop 1290 and stock made 1308 then hit the stop loss

Buy RCom at 746 stop 739 and stock made 775

Short IDFC at around 225.5 with stop 227..small stop loss and the stock came down to 221.4

Market outlook for 12/12/07

12/12/07

FED rate cut of 25 BPS is a positive news for the market now and there might be a gap up opening also.If nifty crosses 6100, then the near term target for nifty is around 6400 and 6100-6000 will act as a strong support for coming day's.For today, nifty will have strong support at 6040.On upper side, if nifty crosses 6110, in all probability 6150 will be tested and if nifty remains below 6110, there will be selling today.Even if there is higher opening, there will be selling at higher levels.So, watch out for levels 6110-6150 on upper side and 6040 on lower side.

Stock watch for the day:

Glaxo Industries (1025): Buy this stock only if 1015 is held for targets 1050 -1065 today.

Intraday call performance 11/12/07

11/12/07

Nifty opened in a bullish note and once it crossed the strongest resistance level at 6060, it was allround buying and nifty made a high of 6111.Today's FED rate cut news was helpfull to take nifty to new higher levels.

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

Gail: This stock was given a target of 520 and as expected Gail made a move on upside to make a high of 525.

Following calls were given in yahoo messenger for clients:

Short Ansal Properties at 303 stop 305 and stock made 298 and then came up

Buy Reliance Capital at 2447 stop 2438...small stop loss...and stock made 2462

Buy Eicher Motors at 479 with small stop at 476.5 and it zoomed to 483 and then hit stop at 476.5...small loss

Buy RCOM at 733 stop 729 and RCOM zoomed to make a high of 747

Market outlook for 11/12/07

11/12/07

Market will move up and will face selling at higher levels again today.Today's FED meet also is important for the market and though expected positive news on the card, market might slip before the meet today.Banking stocks will be on watch today.On upper side,watch out for resistance at 6050-6060 range and one can expect selling around these levels and overall buying might emerge if these levels are crossed.On downside, major support is at 5920 and below that, 5865

Stock watch for the day:

GAIL (500): Watch this stock and if starts moving above 500, buy it with stop 495 for targets 515-520

Intraday cal performance 10/12/07

10/12/07

Today nifty again faced selling at higher level and remained week throughout the day and most importantly nifty held to the support level given here in the market outlook at 5920 as nifty made a low of 5923 and bounced back to close at 5961

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

Bharti Tele: This was a clear buy call with stop 950 for target 985 and as told, stock made a high of 989

Following calls were given in yahoo messenger for clients:

Buy IFCI at 105 stop 103 and stock zoomed to 107 and told to come out when it came down to 104.8

Buy GE Shipping now at 491 stop 487 and stock made 493 and when it came down to 491.5, told to come out of that position with no profit-no loss

Buy Reliance Capital at 2415 stop 2400 and stock zoomed to 2423 and then came down to hit the stop loss

Sell Kotak Bank at 1300 stop 1315..and teh stock came down till 1283

Buy ICICI BANK now at 1273 stop 1265 and told to cover at 1270...small loss

Market outlook for 10/12/07

10/12/07

Left has started threatning the government again......

Nifty is facing selling at every raise and for today watch out for 6050-6060 range and if nifty doesn't cross this range, it will again fall from the top for sure.In other way round, if nifty crosses this level then all round buying will come today.Moreover left has again started threatning the government over nuclear issue and so, market might seem to fall from top again today.Downside, watch out for 5920 and then 5890 support.It looks like a play between 5920-6060 today.Any break might be crucial

Stock watch for the day:

Bharti Tele (959) : This has broken out and for today, buy this stock with stop 950 for target of 985