Market Outlook 28/04/08

If nifty opens up high around 5200, beware of being longs as 5200-5225 is very very strong resistance area and nifty might well struggle to cross this resistance today.Opening holds the key and first 30 minutes high is very important and higher level selling is surely expected in today's market and also volatility- which was absent on expiry day may come today.So, be cautious today.On lower side, nifty below 5100 may test 5075 support and break of that might go straight to 5000 again.Today's closing is also very important.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 25/04/08

As i clearly mentioned yesterday and even here in my blog today, nifty never broke 4990 support and once it started trading above 5050 it was all round buying which took nifty past 5100 in great speed and nifty closing was very impressive above 5100.

Stock watch for the day:

No calls were given here today

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5030 with stop 5010 and it made 5075 and told to come out

Short Nifty Futures around 5080 with stop 5095 for taregt 5040 and it made 5035

Short Reliance Energy around 1325 with stop 1340 for target 1280 and it made 1286

Short Orchid around 237 with stop loss 242 and it made low of 232

Short Reliance Capital around 1410 with stop 1432 for target 1380 and it hit exact target

Market Outlook 25/04/08

Atlast the much expected expiry is over without much action and most importantly the support 4990 is also not broken and this support will play an important part today as told yesterday also.If Nifty moves above 5018, it will move towards 5050 and above that testing of 5085 on cards again.If nifty breaks 4990, then it may slide to 4950 support again.Today being the last day of the week, some selling might come in the last hour of the day.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 24/04/08

Morning session was very boring as participation was less and in the last hour some action came in on the lower side and nifty again tested 4990 support, but couldn't break it and closed around 5000.Strangely even on this expiry day volatility was not seen much.

Stock watch for the day:

ICICI Bank: This was given a short call below 878 for taregt 850 and in the morning it fell to 867 from 878 and later it crossed 878 and made a high of 889

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5025 with stop 5000 and it made 5052

Short Bajaj Hind around 242 with stop loss 245.5 and it made 229 low...superb profit

Buy Tisco at 790 with stop 785 for target 803 and it could only make 798-falling short of target by 5 points.

Short ICICI Bank around 874 with stop 878.5 and it made just 871 and then hit the small stop loss

Short IDFC around 171 with stop 173.5 and it made a low of 164....good profit

Short EduComp around 4030 with stop 4040 and it made 3950....good profit

Short ICICI at 875 with stop 881 and it again made 871 and when it came up, told to cover the psoition at 876

Market Outlook 24/04/08

Expiry of April month contract may bring in volatility today and hence caution is required in intraday trading. Although nifty has closed around 5020, it is still positive above 5000 and major resistance is in the range of 5075 and once it crosses that, it will fire towards 5125 range.If nifty breaks 5000, it may test 4990 support and then 4950 strong support.

Stock watch for the day:

ICICI BANK (865): Watch this stock on raise and if unable to cross 878, short it for target 850-840

Intraday Call Performance 23/04/08

Today nifty was trading flat for almost whole day today and at the end some buying came, but still there was selling at higher levels again.Now tomorrow's expiry day will be of more importance and will guide for future trades.

Stock watch for the day:

No calls were given today in this section

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop loss 5000 and when it made 5060, told to come out

Short Essar Oil around 275 with stop 276.3 and it made 271 and then hit the smal stop loss

Short RCom around 554 with stop 556.5 and it made 544 and the target given was 540

Buy HDFC around 2530 with stop 2515 and when it was not moving much, gave cover order at the same price

Short Bajaj Hindustan around 240 with stop 244 and it made 238 and then hit the stop loss

Short On Mobile around 696 with stop 698 and it made 674

Buy Infosys around 1634 with stop 1629 and it made 1653

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