Intraday call performance 17/03/08

World market collapsed and indian market also followed that and as soon as nifty started sliding below 4600, selling was too effective and nifty made a low of 4482 and closed around 4500.Now, the only strong support on downside is 4440 and it should not be broken for nifty to move on the upper side.

Stock watch for the day:

Aurobindo Pharma: This was given a sell call with stop loss 295 for target 276 and the stock made a high of 285 and low of 253

Following calls were given in yahoo messenger for clients:

It was a good day of profits to all my clients

Short Nifty Futurtes around 4570 with stop 4590 and it made 4476.

Short RCom around 493 with stop 498 and it made 476

Buy Reliance Energy around 1234 stop 1229 and it made 1245

Short Reliance Energy around 1225 stop loss 1232 and told to come out at 1210

Buy Renuka at 1000 with stop loss 995 and it made 1010

Buy Orchid Chemicals at 121 stop 119.5...small stop loss..and the stock made 129 and told to cover

Last call of the day Buy Renuka around 995 with stop 989 and the stock made 1020

Market Outlook 17/03/08

Although nifty has closed above the important resistance of 4740, today it will slide down fast if it breaks 4740 again.There might be a gap down opening also.DJIA and Nasdaq have also turned weak due to credit concern and indian market might also just react to that.For today, if nifty stays above 4740, it wil move towards 4800 important figure and below 4740, nifty might test 4640 straight and if breaks, that then 4600 will be strong support to watch out for.

Stock watch for the day:

AurubindoPharma (289): If not able to cross 295, it will slide to 282-276 today.

Intraday call performance 14/03/08

As expected and told here, nifty never broke 4600 and remained bullish staying above that throughout the day.Interestingly nifty even broke 4740 strong ressitance and ended at 4746 showing strength in the market now.Closing was important for monday's market.Next week trading will ne interesting now.

Stock watch for the day:

CESC:This stock was given a buy call for target 492 and this stock was too volatile today and initially made 479 and came down to break the support of 460 and then again got past 460 and made a high of 501

Following calls were given in yahoo messenger for clients:

Short Nifty Futures at 4710 stop 4725 and it made 4690 and told to come out

Buy Nifty Futures around 4680 with stop 4660 and stop loss hit

Short Hindalco around 179 with stop 180.5 and the stock made just 178 thrice and then hit the small stop loss

Buy Renuka around 1030 with stop 1018 and the stock made 1090

Short DLF around 630 with stop 634.5 for targets 610-595 and it made 627 and then hit the stop loss

Buy RCom around 501 with stop 496 and it made 517

Short Maruti around 816 with stop 821 and stop loss hit

Short RCom around 520 with stop 525 and it made 502 and told to come out

Short Jet Airways around 601 with stop 602.5 and it just amde 598 and then hit the small stop loss

Market Outlook 14/03/08

After dropping to low of 4580, nifty might move up today and on upperside 5740 is again a main hurdle to cross and today being the last day of the week, it's interesting to see the market behaviour.For today, watch out for crucial support at 4600 and above this nifty will move towards 4675 first and then if crosses will try for 4740 tough resistance.On lower side, if nifty breaks 4600, trend might become very bearish again and nifty might even crash to 4500 levels today itself.Chances of breaking 4600 is very remote today as also U.S markets have recovered yesterday.

Stock watch for the day:

CESC (470): Watch this stock and if support 460 is held, buy for target 485-492.Below 460, it is not a buy.

intraday call performance 13/03/08

Nobody would have imagined nifty to break 4620 support in one day..!Market is too volatile these day's and even world market sentiments are effecting indian market too much.Today it was weekness in the opening itself and later on it went on breaking supports one by one and atlast made a low of 4580 and will this be saved in coming day's is a million dolar question as market closed above 4600 at the end.

Stock watch for the day:

Cairn: This was given a buy call with stop loss 237 for target 257 and it just made 251 as high in the morning and then came down to break its strong support.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4650 stop 4630 and it made 4698

Buy Future Capital Holdings around 502 with stop 499.5 and the stock amde 508 and then came down

Buy Unitec around 278 with stop 276 and it made 282.5 and then came down to hit the stop loss

Short Maruti around 844 with stop 849 and the stock came down to 835

Buy Onmobile around 512 with stop 508 and the stock made 515 and told to cover at 513 and later it made 527

Short Unitec at 274 stop 276 and stop loss hit

Short Onmobile around 514 stop 517 and it hit the stop loss

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