Market Outlook 23/04/08

One more close above 5000 and still below crucial resistance of 5075 and tomorrow is expiry again.So, volatility is expected in these two days and above 5075, nifty will march towards 5125 and if unable to cross 5075, nifty will test 4990 support which is again crucial.Though the market is still looking bullish, but expiry might bring in volatility.So, play the trend.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 22/04/08

Slowly and steadily nifty managing to post new high's now and today it made a high of 5075 and closed around 5050.Nifty is bullish above 5000 and this weak expiry may bring in some volatility in the market now.

Stock watch for the day:

RCom: This was given a buy call with stop loss 545 for target 565-575 and the stock made a low of 547 and high of 565

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop 5000 and it made 5074

Short Nifty Futures around 5065 with stop 5075 and it made 5035 and told to come out

Short Reliance Power around 380 with stop 385 and the stock made a low of 374

Buy RCom around 554 with stop 547 and it made 565 exact first target

Buy TCS around 920 with stop 916 and it hit the small stop loss

Buy Ranbaxy around 489 with stop 486 and it made 491 and then hit the small stop loss

Short Zee Tele around 213 with stop 216 and it made 209

Market Outlook 22/04/08

Nifty managed to close above 5000 and now looking towards 5100 first and then still higher.For today, if nifty manages to get past 5060, it will face strong resistance in the range betwen 5110-5120 and if nifty failes to clear 5060, it will test 5000 first and then 4960 strong support straight.Market is looking very bullish today.This week again expiry will bring in volatility in the market.

Stock watch for the day:

RCom (560): Buy this stock at dips with stop loss 545 for target 565-575

Intraday call performance 21/04/08

As expected nifty crossed 5000 and made a high of 5055 and CRR hike issue did not have much effect today.Nifty heading towards 5200-5300 now.

Stock watch for the day:

Orchid Chemicals: This was given a short call with stop loss 296 for a target of 265 and it made a high of 284 and low of 242

Following calls were given in yahoo messenger for clients:

Today was a very good day for my clients

Buy Nifty Futures around 5030 with stop 5020 and it made just 5043 and gave cover order at 5040

Short Nifty Futures around 5440 with stop 5455 and it made 5008

Buy Punjab Lloyd around 345 with stop 340 and it amde 364

Buy RCom around 535 with stop 532 and it made 563

Short State Bank of India around 1700 with stop 1711 and it made just 1690 and then hit the small stop loss

Short ON-Mobile around 707 707 with stop 712 and it amde exact my first target at 690

Short ICICI Bank around 844 with stop 851 and it amde just 840 and then hit the stop loss

Market Outlook 21/04/08

Market is in bullish trend now and now that CRR is hiked, interesting to see the impact in the begining hours.Nifty is having strong support at 4900 and if theer is lower opening today and 4900 is not taken off, strong bounce back is possible and if there is higher opening,selling might come from higher levels.But, market is looking bullish and only news is CRR hike and to see till what extent it can effect the market.Nifty spot has strong resistance at 5035 and if not crossed will fall from higher leevls and if crosses 5100 is also possible today.If nifty falls below 4900 only it will lose strength

Stock watch for the day:

Orchid Chemicals (284):Watch this stock on raise and if fails to clear 296, short it for target 275-265

Intraday Call performance 17/04/08

Atlast nifty zoomed past 4975 strong resistance today and closed above 4950 and looks set for breaking 5000 now unless any negative news comes in next 3 days.So, next week will be interesting trading without any holiday's ofcourse.

Stock watch for the day:

RNRL:This was given a buy cal with stop loss 104 for taregt 111 and it made a low of 107 and high of 111

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4970 with stop 4990 and when it fell to 4965 and gave cover order

Short Nifty Futures around 4980 with stop 5002 and when it ade 4930, told to cover position

Short Orchid Chemicals around 324 with stop 329 and it fell to 275 and gave cover order when it went up to 279...HUGE PROFIT

Buy Sesa Goa around 3225 with stop 3205 and it zoomed to 3268

Short Suzlon around 291 with stop 295.3 and it just made 290 and then hit the stop loss

Short Balaji Tele around 178 with stop 179.5 and it just made 175 and then gave cover order at 178

Short Ranbaxy around 478 with stop 479.5 and it made just 474 and then hit the stop loss

Market Outlook 17/04/08

Tomorrow is a trading holiday and hence market will be closed for next 3 days and today volatility will continue and nifty below 4975 as i said, remains weak only.For today, above 4840 nifty looks good for 4940 and if crosses might test 4960-4970 range and be carefull on higher side as there might be selling coming there.As i said 4840 will be big support to watch out.There was good trading in U.S market aslo with good results from JP Morgan.

Stock watch for the day:

RNRL (107): Buy this with stop loss 104 for target 111-114