Market Outlook 19/02/08

Market is scaling higher and will continue for the time being and the trend is up.Yestedray nifty tested the strong support of 5350, but couldn't cross and today it may test again and possiblity of crossing 5350 is higher.Any dip will be a buy until 5220 is not broken and if 5220 gets broken, then still there is one more strong support at 5140.On upper side, if 5350 gets taken off, then we might see rally around 5400.Banking stocks may be in demand for today

Stock watch for the day:

Air Deccan (186):This stock has strong support at 182 and if held, this stock will move towards 194-200 today.

Intraday call performance 18/02/08

As told here, nifty faced resistance at exact 5350 and closed at 5277 and still above support at 5250, showing strength in the market.Today it was a boring day as whole day market was trading in a narrow range .In Coming days, trading will be very interesting as budget and exspiry things will come into action again.

Stock watch for the day:

Tisco:This was given a buy cal with stop loss 805 for target 845 and it made a high of 846-exact my target.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5250 with stop 5235 and it made 5268

Short Nifty Futures around 5285 with stop 5300 and trade not initiated.

Short Bajaj Hind around 258 with stop 262.5 and the stock made 252

Short Essar Oil around 235 to 237.5 and the stock made 230

Buy RCom at 619 with stop 616 and made 621 and gave a call to cover at 618-619

Buy Tisco around 624 with stop 620...small risk buy and the stock made 828 and then hit stop loss

Short RCom around 618 with stop 623 and the stock made 609

Short Bajaj hindustan around 261 with stop 263...small stop loss...last call of the day..and the stock made 258 and then hit the stop loss...small loss

Market Outlook 18/02/08

Indian market has rebounded from 4800 level and now heading towards 5500 levels.Now trading might be also smooth on the upper side.For today, watch out for 5260 support on downside and on the upper side, nifty is heading towards 5350 first resistance and then 5400 level.

Stock watch for the day:

Tisco (818):Buy this stock with stop loss 805 for targets 835-845

Intraday call performance 15/02/08

After opening low, market started recoevring as expected and again it was a big move making a high of 5315 and closing alos well above 5260 resistance which is a good sign for the market.Nifty seems to be heading towards 5500 now.Coming day's will be interesting and will provide the answer.

Stock watch for the day:

RNRL:This was given a sell call below 135 for target 126 and the stock made a low of 127

Following calls were given in yahoo messenger for clients:

Short nifty futures arond 5265 with stopp loss 5285 and told to come out at 5258 in small profit

Short Nifty Futures now at 5285 stop 5295 and IT made 5260

Short Nifty Futures again at 5280 stop 5290...small stop loss and IT made 5256

Buy RCom around 600 with stop 593 and the stock made 619

Buy Union Bank around 195 with stop 192 and stock zoomed to 200 and told about stiff resistance at 201

Buy VSNL at 498 with stop 496 and the stock made 500 and told to come out at 499

Short VSNL at 500 with stop 503 and the stock made 496 and then hit small stop at 503

Short Tisco around 810 with stop 816 and the stock made 801 as target given was 800

Market Outlook 15/02/08

Nifty went on breaking all resistances and closed above 5200 all in one day and now close to two important resistances at 5260 and then 5350 and higher level selling might be seen after this big rally yesterday.For today, below 5260 nifty will face selling and on downside, it has supports at 5140 and then last and strong support at 5070.

Stock watch for the day:

RNRL (132): Watch this stock and failure to cross 135 will invite selling which might take it to 126-122 level again.

Intraday call performance 14/02/08

Today as expected market was very positive from the word go and broke all the resistances inbetween and went on to make a high of 5220 and also closed well above 5200 showing strength and the low recorded today was 4944 which was well above yesterday's close of 4929.

Stock watch for the day:

Tisco:This was givena buy call above 764 for target 780-785 and the stock made a high of 791

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5135-5140 with stop loss 5160 and it fell to 5110 and told to come out

Short Bajaj Hindustan around 223 with stop 226 and the stock fell to 216.5 as the target was told 216

Buy Bank of India around 372 with stop 368 and when the stock made 374, told to cover the position

Short RNRL around 124 with stop loss 125.2 and the stock made 122 and then came up to hit the small stop loss at 125

Buy Bajaj Hindustan around 227 with stop 226 and it zoomed to 234

Buy RCom around 600 with stop 595 and the stock made 614.5 as the target given was 615

Market Outlook 14/02/08

Market is still moving in the same range between 4800-5000, not breaking on either side.Lower level buying and Higher level selling is witnessed everyday now.Time for long term still hasn't come as market is very volatile and not stable at the moment and might take some more day's to get the clear picture now.It looks like short time rally can extend upto 5100-5250 range.For today, nifty above 4930 will definitely test psychological resistance of 5000 and if crosses then might see 5045 strong resistance very heavy selling might witness again.On downside, below 5000 supports are at 4930 and then 4850.
Stock watch for the day:
Tisco (758):This stock is a buy above 764 for target 780-785.Lower level 744 is support for today.