Market Outlook 08/04/08

Yesterday market was very bullish breaking all resistances in between and made a high of 4798 and for today 4835 will be first and strong resiostance to crossover.If nifty failes near 4800 or at 4835, it will slide down to test 4735 again and if breaks 4735 market will again turn weak.So, today watch out for 4835 tough resistance.

Stock watch for the day:

ICICI Bank (811): Watch this stock and if support 798 is not broken will move towards 835-840 today

Intraday call performance 07/04/08

Today market started on bullsih note breaking all the resistances in between and made a high of 4798 and closed above 4740 showing strength in the market now.Next big news wil be CRR hike and banking stocks will come into main stream at that time.

Stock watch for the day:

Tisco: This was given a sell call with stop 685 for target 645 and stock made a high of exact 685 and low of 645

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4720 with stop 4695 and it made 4785 and gave cover order

Short Punjab Lloyd around 307 with stop 310 and it made just 306 and when it went up again, gave cover order at 307.5

Short Sesa Goa around 2790 with stop 2825 and the stock made 2770 and then told to cover around 2785

Short Sesa Goa around 2835 with stop 2853 and the stock made 2770

Short Hindustan Construction around 119.5 with stop 122 and the stock made 114

Short J.P Associates around 230 with stop 232.5 and the stock made 223

Short Bajaj Hindustan around 187 with stop 189 and the stock made 184 and then went up to hit the stop loss

Short Reliance at 2415 with small stop at 2425 and stock hit the stop loss

Market Outlook 07/04/08

4740 WILL BE STRONG SUPPORT ON DOWNSIDE AND IF NOT BROKEN, WE MAY BE IN FOR 800-1000 POINTS UPMOVE ...........
Every raise is exerting pressure in the market and nifty has also closed well below the strong support which it had before 4740-which will act as resistance now onwards.On friday, indian market crashed due to higher inflation and expected hike in CRR.For today, nifty above 4650 will face first strong resistance around 4700 and if crosses 4700, then 4740 will be very strong resistance as said and higher level selling will come heavily again.Below 4600 nifty might slide down to test 4565 support.

Stock watch for the day:

TISCO (661): Short this stock at higher levels with stop loss at 685 for lower target 650-645

Intraday call performance 04/04/08

After moving between the range of 4740-4835, finally nifty broke down and made a low of 4632 and closing was well below 4700 is a worrying factor for bulls now.Taking positional calls have become very dangerous these day's.Coming week will see action through CRR news now.

Stock watch for the day:

J.P Associates: This was given a sell call with stop loss 242 for target 228 and the stock made a high of 236 and low of 219

Following calls were given in yahoo messenger for clients:

Today was the greatest day of my trading carrier with huge profits

Buy Nifty Futures around 4760 with stop 4739 and it made 4770 and told to cover

Buy Nifty Futures around 4630 with stop 4598 and it made 4685 and told to cover

Short Nifty Futures around 4680 with stop 4695 and it made 4634

Buy ICICI Bank around 779 with stop 777 and it made 785 and when it came down, told to cover at 779

Short Sesa Goa around 2850 with stop 2870 and the stock made a low of 2644 as my first target was 2684

Short BHEL at 1695 with stop 1710 and the stock made a low of 1625

Renuka Sugars looking hot at 945 with stop loss 939 for target 955 first and if breaks then 965 and stock made 964

ICICI looking great at 754 with support 745 and it made 774

Short J.P Assocaites around 230 with stop 232 and the stock made a low of 219

Market Outlook 04/04/08

Nifty is hovering between 4740 support and 4835 resistance at the moment and any break of these levels will give another 100-150 points and the market is still undecided on its move.Till 4740 is held, it's a good buy and for today if nifty moves above 4800, it will try for 4835 tough resistance and if crosses, then it will aim straight away to 4900.Today again being last day of the week, higher level selling might come again.

Stock watch for the day:

J.P Associates (233): Short this stock at higher levels with stop loss 242 for lower targets of 232-229

Intraday call performance 03/04/08

Today it was a crazy market and as told in here, first initial raise to 4800 and fall again towards 4740 levels and then recovery past 4800 and tested strong rsesitance at 4840 and down again to test lower support of 4740 and at the last hour again zoomed to 4800 level and closed around 4770 range.

Stock watch for the day:

Suzlon: This was given a sell call with stop loss 300 for taregt 275 and it made a high of 286 and low of 268

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4790 with stop 4815 and it made 4765

Buy Nifty Futures around 4760 with stop 4738 and it made 4800

Short BHEL around 1860 with stop 1875 and it made 1848a nd then zoomed to 1876 and then crashed heavily to 1695..sheer bad luck

Short Reliance Capital around 1200-1210 with stop 1213and it just made 1194 and then small stop hit

Short Sesa Goa around 2830 with stop 2850 and it made just 2820 and then zoomed to 2854 and crashed to 2750..sheer bad luck

Short India Info around 757 with stop 763 and it amde 752 and then hit stop loss

Buy ICICI Bank around 790 with stop 784 and it made 797

Buy Reliance Capital around 1230 with stop 1220 and the stock 1238 and then stop hit

Market Outlook 03/04/08

As you can see, market is exerting pressure at every raise and yesterday was not an exception here.Now, market again standing at the edge.If market starts sliding below 4735, there again weakness will come for sure and if nifty trades above 4735,chances of hitting 4800 is valid here.If nifty strats trading above 4800, then strong resistance will be around 4865 range.There maybe selling again at higher levels for sure and if market opens above 4740 also, chances of testing 4740 is very strong today.Still there are lots of uncertainties in the market and among traders.

Stock watch for the day:

Suzlon (285) : Short this stock on raise with stop loss 300 for targets 280-275