Market Outlook 29/07/08

Market may open low today....

Market closed flat yesterday ahead of the RBI monetary policy today.Today, global cues are negative as Dow Jones industrial average fell 239.61, to 11,131.08.Monday's pall over the market wasn't solely because of flagging confidence in the financial sector. Investors are also waiting to see whether oil prices' sharp drop of recent weeks has come to an end, or is just pausing. Light, sweet crude rose $1.47 to settle at $124.73 on the New York Mercantile Exchange.Gold gained on Tuesday as crude oil rose after militant attacks cut Nigerian output, elevating the metal's appeal as a hedge against inflation. Gold rose to $932.30/933.30 an ounce from $928.45/929.65 late in New York on Monday, when it rose more than $1 an ounce.Reserve Bank of India (RBI) has said potential inflationary pressures from international food and energy prices appear to have amplified. By current indications, it said, they are likely to remain for some time.So, for today, with all these negative cues, we might open gap down or will fall down from high's againBelow 4300, nifty has only 2 strong supports at 4265 and 4220.Nifty will be positive only above 4385.Till nifty is below 4385, it is weak only.

Stock watch for the day:

Reliance Capital (1312): Short this stock at higher levels with stop loss 1342 for targets 1290-1275

Intraday call performance 28/07/08

Market ending flat with little gains

Though market opened weak today, it gathered little momentum later on, but was trading flat for most part of the day ahead of the RBI monetary policy tomorrow and closing was also flat little above yesterday's close with gain of 20.25 points at 4332.Today, L&T has come out with good set of numbers for Q1FY09 and it closed at Rs 2,715.00, up Rs 89.40.Market breadth was positive, about 1923 shares have advanced, 1009 shares declined, and 219 shares are unchanged.Europe market was trdaing weak today.Nifty gainers included Tata Power, L&T and ACC while losers included ABB, Sterlite, Tata Steel, M&M etc.Thursday's expiry will bring in uncertain moves in the market in this week.

Following calls were given in yahoo messenger for clients:

Clients had a great day with very good profits today

Short Nifty Futures around 4335 with stop loss 4352 and it made 4330 and then stop loss hit

Buy Nifty Futures around 4325 with stop loss 4314 and when it made 4360, told to cover the position

Short ONGC around 1010 with stop loss 1014 for target 990 and it made 992....Super Profit

Short Reliance around 2120 with stop loss 2125 and it made just 2110 and then hit the small stop loss

Short Reliance Capital around 1325 with stop loss 1342 for target 1300 and it made 1304....Good Profit

Short Bajaj Holding around 373 with stop loss 374.2 for target 360 and it made 360....Super Profit

Short India Info around 672 with stop loss 676 for target 656 and it hit the small stop loss

Short LITL around 362 with stop loss 365.2 for target 348 and it made 346....Super Profit

Short Reliance around 2180 with stop 2190 for target 2150 and it made 2160....Good Profit

Market Outlook 28/07/08

Market may open lower today....


In effect of terrorist attacks in Bangalore and Ahmedabad, indian market might open lower today and volatility can also be expected in this week because of expiry on thursday.Tomorrow's RBI meeting also very important for the market.On global front, U.S. light crude for September delivery rose 9 cents to $123.35 a barrel by 2335 GMT. The contract fell $2.23 on Friday to settle at $123.26, after falling to as low as $122.50, the lowest since June 5.The Dow Jones industrial average DJI rose 21.41 points to 11,370.69.For today, nifty has support at 4300 and if nifty breaks 4300 then next support is only at 4265 and 4220.On higher side, nifty has resisitance at 4340 and then 4375.Be careful in trading this week because of the volatility factor.If the lower side supports are not broken down, buying will come again in the market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 25/07/08

Reliance Industries took the lead in dragging market down as expected..!


Market opened weak today with weak global cues and it being the last day of the week encouraged profit booking and also Reliance Industries going down below 2200 straight and till the end market never recovered though there was small recovery in the late afternoon, market again collapsed due to some bomb blasting news in Bangalore. Nifty shut shop at 4311, down 121 points. CNX Midcap and BSE Smallcap indices lost 0.3% each. Defensives like FMCG and healthcare gained, while banking, realty (ahead of the Credit Policy announcement next week), oil & gas and capital goods stocks saw heavy selling pressure. Biggest losers on the Sensex include ICICI Bank, HDFC, HDFC Bank, JP Associates, ONGC, while gainers were Ranbaxy, ACC, HUL and Grasim, among others.Next week will be interesting with Credit Policy announcement and also expiry week.


Stock watch for the day:


RCom: This was told weak below 515 till 490 and it opened at 486 target and made high of just 516


Following calls were given in yahoo messenger for clients:


It was a good day for clients today....


Short Nifty Futures around 4370 with stop 4382 for target 4340-4320 and it made my target at 4320


Buy JSW Steel around 795 with stop loss 789 for 815-825 and it went upto 808


Buy DR Reddy at 628 with stop loss 620 for target 645-655 and it made just 638.Then gave exit call at 636


Short RCom at 505 with stop loss 510 and it made just 500 and when it went up, gave cover call at 505 itself


Short ONGC around 1012 with stop loss 1022 for target 980 and it made 974....Super Profit


Buy Maruti around 603 with stop loss 600 for target 625 and it made 623....Super Profit


Buy Reliance Industries at 2138 with stop loss 2129 and it made 2165....Good Profit


Buy Reliance Capital around 1326 with stop loss 1324 for target 1363 and it made just 1340

Market Outlook 25/07/08

Watch out Reliance today for market direction..!


After 5 day's of continuous rally, nifty took a break yesterday by falling from high and closing below 4440 support level and today also nifty will remain weak if doesn't break 4440 on upperside and on downside, 4365 will hold the key now and if nifty breaks this levels, then there will be more downside and move towards 4285 is also possible today itself.So, the level to watch out for today is 4365-4440 and any break of this range will be crucial for today.If nifty moves above 4440, then testing of 4500 is on again..! On global front, The Dow fell the most in a month as a report showing yet another drop in U.S. home sales and also the rising price of oil compounded worries about the economy The Dow Jones industrial average fell 283.10 points to close at 11,349.28.It was the biggest decline for the Dow since June 26. A barrel of light, sweet crude rose $1.05 Thursday to settle at $125.49 on the New York Mercantile Exchange after a drop of more than 5 percent over the previous two sessions. Earlier during Thursday's NYMEX session, oil hit an intraday high above $126.The only small positive is Inflation for the week ended July 12 is at 11.89 % versus 11.91% and Reliance Industries has posted 13.2% growth in its net profit at Rs 4,110 crore for the quarter ended June 2008 as against Rs 3,630 crore in the same period of last year.


Stock watch for the day:


Rcom (502): Watch this stock at higher levels and if fails to clear 515, will come down to 490 today and if breaks 515, it will hit 525-530 on upperside.

Intraday call performance 24/07/08

Market losing grip from high.....


Though market opened high, it came down around my first resistance level given at 4535 and made a low of 4386 and again closed around 4440. Heavy volatility was there in the market today and this will continue till expiry now.Market also seemed to have tired of going up on all these 4-5 day's and relaxing now. Markets are awaiting Inflation numbers and first quarter numbers Index heavyweight Reliance Industries which wil be announced only in the evening.European markets were also trading negative today and this also effected our market a bit.Except oil & gas index all other sectoral indices like IT, metal, power, capital goods, bank and FMCG indices were closed negative. Stocks on losing side were TCS, Tata Steel, Reliance Communications, SBI and ACC, while gainers were ONGC, DLF and RIL, among others.


Following calls were given in yahoo messenger for clients:


Huge profits for all my clients today


Buy Nifty Futures around 4490 with stop loss 4478 and stop loss hit


Buy Nifty Futures around 4465 with stop loss 4440 and covereed at the same price


Buy Nifty Futures around 4440 with stop loss 4420 and it made 4485


Short Axis Bank around 800 with stop loss 807 for taregt 775-750 and it made 742.....Huge Profits


Buy Reliance Capital around 1420 with stop loss 1405 and it hit the stop loss


Buy Unitec around 171 with stop loss 168 for target178 and it made 178.....Good Profits


Buy Reliance Industries around 2280 with stop loss 2270 for 2330-2335 and the stock hit exact 2330.....Huge Profits


Short Reliance Industries around 2326 with stop loss 2330 for 2300-2280 and it made 2270.....Huge Profits


Short DR Reddy at 640 with stop loss 642.5 and it made 633


Short Reliance Capital around 1415 with stop loss 1430 for target 1385 and when it made 1400, gave cover call


Buy Reliance Capital around 1380 stop 1367 and it hit the stop loss


Buy RCom at 504 with stop loss 501 and it hit the small stop loss

Market Outlook 24/07/08

Market in hands of ADAG now..!


Yesterday, market jumped as if there is no tomorrow and it is now manipulation which is pulling the market up without any breaks and as told ADAG stocks are firing too much and one should also be careful of the fall that may come....!
Market looks to be in ADAG holds now and they are pulling it up and interesting to see where they put the break as it's all in their hands now.On the global scenario, Dow rose 29.88 to 11,632.38 after rising nearly 100 points early in the session and crude fell $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange.For today, nifty has resistance at 4535 on the upper side and if it breaks that it will go still higher around 4600 and below 4535, some selling might come.Downside, 4440 and 4390 are very strong supports for today.

Stock watch for the day:

Today's calls only for clients