Market Outlook 13/03/08

After opening strong, nifty found exact resistance around 5000 leevls and it seems that nifty will play between 4800-5000 for few day's again and then break out in one direction.For today, above 4920 it may retest 4965 level and remain below 4900 it may slide to 4850 support and break of it will test 4820 last support.Again an interesting day ahead for traders and as i said, it seems nifty will move between 4800-5000 range now.
Stock watch for the day:
Cairns (247): Buy this in dips with stop loss 238 for target 256-264.Don't initiate trade below 238.

Intraday call performance 12/03/08

As told in the blog, nifty resisted exactly at 5020 and came down at the end to close at 4872.Nifty might play between 4800-5000 range again for few day's now before it breaks out in single direction.

Stock watch for the day:

JP Asociates: This was given a buy call with stop loss 240 for target of 265 and the stock made a high of 269 and low was 242.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4920 with stop 4900 and it made 4945

Buy Nifty Futures at around 4880 with stop 4870 and it made 4916

Buy NTPC around 195 with stop 193 and the stock made 197.5 and told to cover at 195

Short Maruti around 876 with stop 881 and the stock made 851 ..super profit

Buy RCom around 555 with stop 550 and the stock made 860 and then hit the stop loss at 550

Short Renuka around 1150 with stop 1158 ..play with small number and it made 1137

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.