Market Outlook 18/07/08

Upmove to continue today also

Yesterday it was a very good day for indian market as market zoomed and closed bullish and bullish move is expected to continue today also.Oil prices tumbled below $130 a barrel for the first time in more than a month Thursday, as crude's dramatic slide entered a third day accompanied by a sharp sell-off in natural gas.Light, sweet crude for August delivery dropped $5.31 to settle at $129.29 a barrel on the New York Mercantile Exchange. Prices have fallen nearly $16 in just the past three days.Dow Jones industrial average rose more than 200 points to settle at 11,446.66.Advancing issues outpaced decliners by nearly 3 to 1 on the New York Stock Exchange, where consolidated volume came to 7.17 billion shares, compared with 6.58 billion shares traded Wednesday.For today, nifty will open gap up for sure and above 3970 will target 4000 first and then 4065 will be tested and if nifty remains above 4000, it will remain explosive today and below 4000, 3970 will act as good support and if breaks that 3900 will be the strongest support for today.Coming week will be very crucial for indian market again as No-Confidence motion will be put up on 22nd tuesday and markets may move madly on that day as news keep poring in and if the government falls, it may trigger sharp sell off again.But for today, trend is very bullish.

Stock watch for the day:

Reliance Capital (1028): Buy this stock at dips with stop loss 1000 for target 1055-1075

Intraday call performance 17/07/08

Market bounce back strong with crude dip

As expected it was higher opening today because of positive global cues and strong European markets also added to positive sentiments. Though nifty went for some selling later, still held on to strong supports on downside and made a high of 4968 and even closed in positive territory again.Top gainers are Maruti Suzuki, HDFC, Jaiprakash Associates, BPCL and GAIL while Ranbaxy Labs, Tata Steel, Sterlite Industries and SAIL losers.Now, next few day's will bring in volatility again with top news is on Government-No-Confidence motion on 22nd which is very crucial for the market survival.

Stock watch for the day:

Adlabs: This was given a buy call with stop loss 388 for target 410 and it made a high of 424

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3860 with stop loss 3838 and it made 3896 and gave cover order

Short Nifty Futures around 3900 with stop loss 3915 and it made 3865

Short Nifty Futures around 3925 with stop loss 3945 made 3888 and told to cover all position

Short Baja Hindustan around 154 with stop loss 156 for taregt 145 and it made 148

Short Bank of India around 236 with stop loss 237.5 and it made just 235 and then small stop loss hit

Short India Info around 615 with stop loss 618.5 for target 590-575 and it made 592

Short RPL around 153 with stop loss 157.5 for taregt 144 and it made 147

Short Reliance Infra at 794 stop 802 for target 774 and it hit the stop loss

Buy Reliance Capital at 1020 with stop loss 1006 and it made made 1030 and gave cover order around there

Market Outlook 17/07/08

Oil crashing down..is it one more manipulation now..!

Yesterday it was a bad day for indian market again as market went for deep selling and for today, positive global cues may result in higher opening. Light, sweet crude for August delivery fell $4.14 to settle at $134.60 a barrel on the New York Mercantile Exchange, after earlier sinking as low as $132. The drop follows a $6.44 sell-off Tuesday, crude's biggest since the Gulf War.The huge swings oil had in two day's is amazing as it dropped by more than $10 Tuesday and $7 Wednesday and it makes us think whether this is one more manipulation or is it really coming down..! The Dow took positives from this oil drop and rose 276.74 to 11,239.28. It was the blue-chips biggest one-day gain since April 1, when the index rose 391 points.The dollar was mixed against other major currencies, while gold prices fell. For today, be cautious if there is higher opening near 3900..- as remain below 3920, market is weak only and if nifty breaks 3920 then one more resistance is there at 3960.So, be cautious at higher levels and below 3900 supports are at 3850 and 3790.Inflation figures are expected to be announced later in the evening today.

Stock watch for the day:

Adlabs (395): Buy this with stop loss 388 for target 405-410

Intraday call performance 16/07/08

Market continuing its downtrend and closing in red again..!

Market opened weak today and though made a slight recovery going above 3900, it lost ground and later on broke 3800 also to make a low of 3790 showing signs of more pain in the market.As told, till government proves it's majority market will not be stable and go on facing pressure on every raise now.Reliance Industries, HDFC, SBI, Tata Steel, ICICI Bank, DLF and Unitech were biggest draggers for both indices.Market breadth was weak; about 932 shares have advanced while 1979 shares declined. Nearly 237 shares remained unchanged.European markets were trading sharply lower on the back of selling pressure in banking stocks.So, coming day's will see lot's of volatility

Following calls were given in yahoo messenger for clients:

Clients had a great day today with massive profits on my calls

Short Nifty Futures around 3890 with stop 3900 and told to cover around 3820....Huge Profits

Short Adlabs around 410 with stop 420 for target 398-390 made 385....Huge Profits

Short Tisco around 660 with stop 666 for targets 640-626 and it made 617....Huge Profits

Short Suzlon around 192-193 with stop 197.2 for targets 185-180 and it made just 185....Good Profits

Short India Info around 613 with stop 617 taregt 600-575 and it made 576 exact....Huge Profits

Short ONGC around 871 with stop 876 for target 855 and it made 853....Good Profits

Market Outlook 16/07/08

Market in selling pressure even as crude dipping

yesterday it was a very bad for indian market as nifty broke strong support of 3850 and appear to be marching towards my target of 3600 given long back.Indian political uncertainity is continuing with government is clearly falling short of clear majority now and struggling a lot to show the clear numbers for staying in power and so, 22nd of this month will be the deciding factor.A barrel of light, sweet crude dropped $6.44 to settle at $138.74 on the New York Mercantile Exchange as traders bet that the weak economy in the United States and elsewhere will take its toll on global demand.The Dow Jones industrials on Tuesday had their first close below 11,000 since July 2006.The Dow fell 92.65, or 0.84 percent, to 10,962.54,trading at nearly two-year lows.Dow breaking 11000 is bad news and here nifty broke 3850 strong support.Let me tell you one thing here-NIFTY HAS STRONG SUPPORTS AT 3600-3500 RANGE (MY TARGETS GIVEN LONG BACK) AND SHOULDN'T BE BROKEN AT ANY COST AND IF BREAKS ANYTIME WE CAN SEE STRAIGHT 3000-3100 LEVELS.For today, if nifty breaks 3885, it will move towards 3940 resistance zone and selling will definitely come around that level and on downside if nifty breaks 3850, then move twoarsd 3800-3765 is a strong possiblity for today.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 15/07/08

Market crashing and closing in deep red-

Today market opened weak and never recovered after that and in the ending it even broke the strong support of 3850 and closed in deep red.Huge sell off has seen in global markets especially Asian and European markets, which added to weak sentiments of indian market which was already struggling because of Political uncertainities as told here.Sectors like banking, capital goods, metal, power, realty, pharma and oil & gas took a hard beating today.Most banking stocks took huge beating worldwide on fear of more bank failures in the US.Reliance Industries, ONGC, Reliance Comm, ICICI Bank, DLF, HDFC Bank, HDFC, SBI and L&T continbuted more to this market crash.

Stock watch for the day:

Suzlon : This was given a buy call with stop loss 188 for target 207 and it could make only 197 and then broke down heavily.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3910 with stop 3890 and it made 3930

Short Nifty Futures at 3900 with stop 3932 and when it made 3860, gave cover order

Buy Nifty Futures around 3866 with small stop loss 3858 and stop loss hit

Buy Suzlon around 192 with stop 190 for target 202 and it made 196.4 and then small stop hit

Buy Tisco around 668 with stop 664 for target 682 and it made 676 and then small stop hit

Buy India Info around 628 with stop 626 for taregt 655 and it made only 639

Short Tata Steel around 665 with stop 668 for taregt 638 and it made 642

Buy Adlabs around 405 with stop 398 for target 415 and it made just 409

Market Outlook 15/07/08

Political uncertainty creating pressure in the market

Yesterday was a volatile day and still maintained 4000 support and Due to political uncertainty, any upmove is exerting pressure and still downside supports are protected..! The Dow Jones industrial average fell 45.35 to 11,055.19 after spiking nearly 140 points in early trading.Declining issues outnumbered advancers by about 3 to 1 on the New York Stock Exchange.Light, sweet crude settled up 10 cents at $145.18 a barrel on the New York Mercantile Exchange.Monday's oil price swings came as President Bush lifted an executive ban on offshore oil drilling.The dollar was mixed against other major currencies, while gold prices jumped.For today, nifty above 4060 will test strong resistance at 4120 and if crosses might zoom towards 4180-4200 also and if fails to break 4120, will come down again towards 4040.On downside, nifty has great support at 4000-3990 and break will create panic and slide towards 3935 is possible.On weak opening, don't go for blind selling as buying may come from lower levels.

Stock watch for the day:

SUZLON (195): Buy this stock at lower levels with stop loss 188 for target 207