Marketoutlook 02/01/08

Nifty moved in a narrow range but clearly on upper side yesterday and till 6110 is saved upward movement will continue and now it is struggling to reach 6200 from here on.Yesterday nifty made a low of 6110 just in support.It will be interesting to see whether it can test this support 6110 again today.Yesterday DOW also closed 101 points down and seeing this, i think reaching 6200 will be a tough task even today also.Moving on upper side, 6180 will be tough resistance for today and downside if 6110 is broken convincingly it might fall to 6080 support area.Still traders have not been participating in full strength.

Stock watch for the day:

RCom (739): This stock is facing resistance around 750 range continuously and for today one can sell it around 750 with stop at 760 for target 735-730

Intraday call performance 01/01/08

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

Nifty as expected was very positive above 6110, but participation was not much today and also volatility was very less as compared to last 2 weeks.Nifty made a high of 6165 and a low of 6110- exactly at my support level.Anyways, till 6110 is held, trend will be on upper side only.

Stock watch for the day:
Mosaer Baer:This was given a buy call above 300 for target 320 and the stock just made a high of 312

Following calls were given in yahoo messenger for clients:

Perfect opening for New-Year 2008 to all my clients today...enjoying blasting calls

Short Idea Cellular around 140 stop 141.2 and stock fell to 135.2

Buy NTPC around 249 stop 244 and stock made a high of 260

Buy PBA Infra Structure at around 172 STOP 170 and stock went up to 175.5

Buy CESC around 631 stop 626 and stock zoomed to 640.5

Market Outlook 01/01/08

New-Year trading today might be very bullish if 6110 is protected and it looks as if nifty is clearly heading for 6300-6400 now.Anyways, for today 6100 will be major support and on upper side, resistance will be around 6180 and then 6200 and below 6100, strong support is at 6065.Yesterday nifty clearly broke the strong resistance and moved on upper side and turned bullish and if this momentum is maintained today also, nifty will head towards new high now onwards.
Stock watch for the day:

Mosaer Baer (308):This stock has a great support at 300 and moving upwards it is targeting 320-325 today itself.

Intraday call performance 31/12/07

To Start with "Market Outlook"- "Market Watch Section"
Atlast nifty crossed crucial resistance of 6110 and closed in positive mode and now onwards 6110 might act as strong support for further up movements.New Year opening will be interesting and might be a blast if 6110 is saved.

Stock watch for the day:

G.E.Shipping: This was given a buy call with stop loss 550 for target 570-580 and stock made a high of 571.5

Following calls were given in yahoo messenger for clients:

Buy Redington around 429 stop 423 and stock made a high of 446

Buy Satyam Computers at around 448 stop 443 and stock made 451 and when it came down, told to come out at 448

Buy RCom around 744 stop 739 and stock made 748 and when it came down to 746 told to come out

Short Inox around 222 stop 224.5 and the stock came down to 220

Market Outlook for 31/12/07

Nifty still playing in a range and facing 6110 as stiff resistance and unless it gets past 6110 resistance and stays above that nifty will remain week only and once it gets past 6110, buying will emerge and might take it to 6150 first and if nifty still doesn't cross 6110, then weekness will continue and on downside 6040 and 6000 are good supports.Nifty might also play in a narrow range for a day or two.New-Year might show definite direction to the market.

Stock watch for the day:

G.E Shipping (561): This stock is very strong above 549 now and above 549 it will hit 570-580 today.

Intraday call performance 28/12/07

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

Today was really a big trading day for all as all calls given blasted with super profits

Even today nifty coudn't cross 6110 resistance as expected and also told here and faced selling at higher level at 6099 and made a low of 6022 breaking support at 6050.Even though nifty recovered smartly and closed at 6080, monday and tuesday's tradings will be very interesting.

Stock watch for the day:

Viceroy Hotels:This was a super duper call given to buy with stop loss of 113 for the target of 118-122 and stock zoomed to make a high of 132
Alok Textiles:This was also a super duper call given to buy with stop loss of 96 for targets 101-103 and stock made a high of 104

Following calls were given in yahoo messenger for clients:

Today was really a big trading day for my clients as all calls blasted and clients earned a lot today

Short Reliance Industries at 2925 stop 2940 and the stock fell to 2862

Buy VSNL at 733 wth stop730 and it made a high of 755

Buy Bank of Baroda around 432 stop 427 and the stock made a high of 458.5

Buy Sun Tv around 406 stop 402.5 and stock made a high of 412

Buy Inox at around 219 stop 218...small stop and inox zoomed to 223

Market outlook for 28/12/07

Nifty still facing the same 6110 as big resistance and unless it crosses that resistance, momentum is down for the time being and for today, watch the opening and first 30 minutes of play is very important for the day.Above 6110, nifty might move towards 6150 and if nifty stays below 6110, then might test 6050 support again
.
Stock watch for the day:

Viceroy Hotels (114.9): Watch out for 113 support and untill held, target is 118-122 for today

Alok Textiles (98.5): Buy this stock with stop 96 for targets 101-103