Market Outlook 12/03/08

It was a low opening and a strong recovery at the end yesterday and market is very strong at present and further, the announcement of a coordinated central bank effort to increase liquidity in the financial markets have lifted DOW Jones 400 points yesterday in a single day and this will also effect indian market now.Today, it might be a gap up opening.If there is gap up opening, it might be around 4900 odd or 5000 straight.So, any dip wil be used for buying today.For today, above 4900 nifty will shoot upto 4960 and 5020.Below 4900, nifty downside might be limited to 4800.

Stock watch for the day:

JP Associates (251):Buy in dips with stop loss 240 for target 265

Intraday call performance 11/03/08

Though market opened low, it recovered very soon and made a high of 4888 and closed above 4800 showing strengtyh in the market.On upper side 5000 might be resistance in coming day's and will be interesting to see the market behaviour.

Stock watch for the day:

Sail: This was given a sell call below 240 for the target of 232-228 and it opened at target and went up and came down again to make a low of 231

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4820 with stop 4800 and when it made 4835, told to come out

Short Purvankar Projects around 249 with stop 251 and within 3 minutes it made 245 and then hit the small stop loss at 251

Short Orchid Chemical around 221 with stop 221.5 and it made 218.4 and then hit small stop at 221.5

Short Renuka Sugars around 935 with stop 942 and the stock made 920 first and then again zoomed to 938 and came down to 928 and then hit the stop loss

Short Icici Bank around 864 with stop 871 and the stock made 852 from 860 and then hit the stop loss

Buy Renuka Sugars around 935 with stop 926 and the stock 985 and told to come out there and later it made 1161

Buy Bank of India around 274 with stop 271 and it made 276 and then hit the stop loss

Market Outlook 11/03/08

Market witnessed a strong pull back after making a low of 4620-just short of 70 points of my traget 4550 on downside and made a high of 4815.Still nifty looks week only as it is also effected by world market weakness.For today, remain below 4815, nifty will again move downwards towards 4750 suport first and if breaks it will slide towards 4700 and then 4660 also.If nifty moves above4815 also, higher level it will face selling again for sure.So, be cautious at every higher levels.

Stock watch for the day:

SAIL (237): If this stock doesn't cross 240, it will fall down to 232-228 today.

Intraday call performance 10/03/08

Market was too volatile today and opening was low down and made a low of 4620 and picked up again from there to make a high of 4815 and closing at 4790.Today's low is very important and if it doesn't get broken, chances of crossing 5000 is high now.

Stock watch for the day:

DLF Limited: This was given a sell call below 680 for the target 635 and stock opened weak making a low of 621 and closing at 674

Following calls were given in yahoo messenger for clients:

It was a great day of huge profit for all my clients

Buy Nifty Futures around 4610 with stop 4580 and it made 4690 and told to come out there

Buy Rcom near 521 with stop 518 and made hit 524 and then hit the stop loss

Buy On Mobile around 522 with stop 518 and the stock made 574

Buy RCom around 523 with stop 520 and the stock made 567

Short GlenPharma around 482 with top 483.5 and the stock made 469

Short Renuka Sugars around 892 with stop 898 and and the stock fell to 868

Market Outlook 10/03/08

Nifty has finally broke its support of 4800 and started moving downwards now.Any raise will invite selling today.Below 4800, nifty will remain very weak and will move towards 4700 first and then it will be test of 4660 support again.If nifty moves above 4800, it will move towards 5855 strong resistance, where heavy selling might emerge again.So, interesting week starts today.Reliance group movements will be interesting here onwards.

Stock watch for the day:

DLF Limited (657): Watch this stock today as it has fallen too much and tdoay also looks weak below 680 and if doesn't cross 680 will hit 645-635 on downside.

Intraday call performance 07/03/08

World market weekness effected indian market also and as told it broke 4800 support and made a low of 4672 on downside and at the end of trading, picked up again and moved above 4700 again to reach 4792 and came down again to close at 4760.Next week is interesting now as nifty already cleanly broke strong support at 4800 and now looking for more downside.

Stock watch for the day:

Bank of India :This was given a sell call with stop 292 for the target of 274 and the stock made a high of 285 and low of 252

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures near 4730 with stop 4710 and it made 4755 and then hit the stop loss

Wait for dips and buy Satyam at 414 with stop at 413.5 and it made 417 and then hit the small stop loss

Buy NTPC around 187 with stop loss 185.5 and the stock made 188 and then hit the stop loss

Buy Glenmark Pharma around 475 with stop 471 and it made 482 and then hit the stop loss

Short NTPC around 186 with stop 188 and it made 181

Short BHEL at 2010 with stop 2030 and the stock made 1950

Take minimum risk and Short 30 BHEL at 2024 with small stop at 2030 and the stock made 2005

Market Outlook 07/03/08

There might be some buying coming today and upper side will find resistance again.For today, 4960 will be stiff resistance again and any move above that might try 5000 target straight and nifty below 4960 still reamians weak only.If nifty moves below 4900, it might test 4860 first support and if breaks that then again onus will be on 4800 strong support.Overall interesting to see the weak end today.Market may be volatile today also.

Stock watch for the day:

Bank of India (285): This stock has taken the beating from last few day's and still looks weeker only.Today watch this stock and on upper side, if not able to cross 292, just short it for target 279-274.