Market outlook for 26/12/07

Nifty making violent moves in between the big holiday's and as seen trading volume is low and this volume will pick up again after 1st january.Today market will be volatile again as expiry is also tomorrow.Now, watch out for opening today and higher level opening might induce selling again and till nifty clears 6110, it is sell on raise.On downside, below 5920 the major support lies at 5840.Buy on dips till 5840 is held and Sell on raise till 6110 is not crossed.So, for today watch out for 5840 on downside and 6070 on upper side and then 6110 stiff ressitance

Stock watch for the day:

RCom (726.85): Buy this stock above 730 for targets 745-760.Below 730, it will hit 720-708 again.

Intraday call performance 24/12/07

To Start with "Market Outlook"- "Market Watch Section"
Dispite less participation, market zoomed as expected and once it crossed 5860 ressitance it was one side move all over again and moved beyond everybody's expectation to make a high of 6000.As Expiry is alos nearing, the volatility will also be high this week.

Stock watch for the day:

Bharti:This was given a buy call above 915 and target given was 950 and stock made a high of 985

Following calls were given in yahoo messenger for clients:

Short MPhasis at 296 stop 300 and stock fell to 295 and hit stop loss

Short Air-Deccan around 269-270 stop 272.2 and stock fell to 265

Short Mic-Electronics at 880 stop 883...small stop loss....so, don't worry...fell to 876 and then hit stop loss

Buy Sail around 268 stop 264 and sail made 272 and told to come out whenit came down to 269

Short IDFC around 215 stop 217 and stock fell to 213 and then hit stop loss

Buy RCom at 723 stop 718 and rcom made 724 and then told to come out when it came down to 722

Market outlook for 24/12/07

Indian market also might follow world markets and move upwards today and the resistance to be watched again will be 5800 and 5840 on upper side and failure to cross might induce higher level selling again.Now, Christmas and New-Year will have an effect in the market and also Gujarath election results will also have an effect slowly in coming day's.Volume might be low today because of these big holiday's as people need money and many of them might also keep away from market for some time playing it safe.So, better to be cautious and book profits whenever it comes.Nifty has great support at 5740 for today and if breaks might test 5700.

Stock watch for the day:

Bharti Tele (919): Watch this stock again and stay above 915 will move towards 930 first and if moves above 930 will induce momentum and might also blast to 945-950.But, only above 930 which will be a major resistance.

Intraday call performance 20/12/07

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

Today being the last day of the week, strangely volatility was less and nifty moved between the range 5740-5800 for most part of the day and never broke 5700 support nor 5800 resistance also.Next week opening might decide again.

Stock watch for the day:

Nahar Industries: This was given a buy call with stop loss 144 for target 152 and stock made a high of 151.8

Following calls were given in yahoo messenger for clients:

It was an excellent day of trading for my clients

Buy Viceroy Hotels at around 115.5 -116 stop loss 114 and stock zoomed to 118 and for those who haven't covered at 118, told to come out at 116.5

Take a small risk and short small quantity of Monnet Ispat at 500 stop 503...remember small quantity and stop also small and stock made a low of just 499 and hit the stop loss

Short Ansal Properties at 375 stop 380 and stock made 358

Short Air Deccan now at 295 stop 298 and stock fell to 272

Short RCom at 710 stop 712 and stock fell to 702

Market outlook for 20/12/07

Market is not showing any direction and nifty is trapped between 5670-5840 for almost a week now.At every top level, selling is seen and yesterday nifty also broke 5700 and made a low of 5677, but recovered fast to close at 5750.Today, 5770 will be resisitance and above that might try for 5840-5860 resistance and if doesn't cross will face selling again.If nifty doesn't even cross 5770, then chances of breaking 5700 today is very high.Traders are also seems to be in a a hurry to take out money at every high ahead of big holiday's..Today, if nifty breaks 5700, watch out for 5665 support and if breaks that also might take it straight to 5630.

Stock watch for the day:

Nahar Industries: Buy this stock with stop loss 144 for target 152 and if crosses 154, it might even zoom to 160

Intraday cal performance 19/12/07

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

As expecetd and told nifty went up above 5800 and made a high of 5840 but never reached 5860 and faced selling from higher level and came down to test 5700 resistance and finally broke even that and made a low of 5677.Nifty continued its volatility and the time is proving right for day traders.

Stock watch for the day:

Marico: This was again given a buy call above 67 for a target 73, but it made a high of 71.7

Following calls were given in yahoo messenger for clients:

Short Sail at around 266 stop 267..small stop loss....and stock made a low of 250

Buy Everest Kanto around 321 stop 316 and stock went upto 326 and closed at 323

Short Ansal Properties at around 396 stop 400....and stock made a low of 363

Buy Monnet Ispat at 524-525 stop 520 and stock made 529 and then came down to hit stop loss

Buy Air Deccan around 304 stop 299 ...and stock made 310.5 and for those who didn't cover at 310, told to come out when it came down to 307

Market outlook for 19/12/07

There is so much of volatility in the market these day's and also now onwards factors like christmas, new year, global factors and also expiry effect will show its presence in the market.For today, above 5780 nifty will move towards big resistance at 5860 which is to be watched as selling is expected again around these levels.Downside, 5700 still remains big support for nifty.Break of 5700 might take nifty to 5665 support.

Stock watch for the day:

Marico (68.9) : Yesterday this stock achieved its given target and for today also it is a buy above 67 and target will be 73.But, if 67 breaks (chances are very very remote) it might fall to 65