Market Outlook 10/10/08

Disastrous slide in world market..!!!!

Though day before yesterday indian market recovered from low's, it is looking very weak today again because of the very bearish global cues and if nifty breaks 3330, on more big fall might come today and trading might be very volatile and intraday will be very dangerous at sometimes today.It all started with manipulators and continuing with them and the way, the things are going now, long term base will be formed very soon now and nifty looks all set to break 3000 !!
The Dow Jones industrial crashed yesterday by more than 600 points !! global market really looks scary at this stage and investors are all trapped now.A wave of fear about the economy sent stocks lower in the final two hours of trading after a volatile morning in which major indicators like the Dow and the S&P 500 index bobbed up and down.On the New York Stock Exchange, declining issues came to nearly 3,000, while fewer than 250 advanced.The Dow ended the day at its lows, finishing down 678.91, or 7.3 percent, at 8,579.19. The blue chips hadn't closed below 9,000 since June 30, 2003, and haven't closed at this level since May 21, 2003.Light, sweet crude fell $1.81 to settle at $86.62 a barrel on the New York Mercantile Exchange, the lowest closing price since October last year.In indian market, nifty might see some buying only above 3540-the previous support and most likely scenario is nifty will open gap down and if it breaks 3330, it will witness another major crash.Playing range is between 3330-3540.It is better to avoid intraday today as volatility might be severe sometimes in the day today.Infosys Technologies also might announce its results today.

Stock watch for the day:

Just avoid intraday today

Intraday call performance 08/10/08

Dangerous crash and some recovery at the end !

Today indian market crashed heavily at the opening bell to break all supports and make a low of 3329 It was horryfying fall in indian market due to global negative cues.After sun-outage break, nifty recovered from low's to 3500, then came down again towards low and at the closing hours it recovered well to close at 3513, down 92 points from the previous close.Major sell off was seen in FMCG, technology, banking and capital goods stocks.As expected and told here, U.K government came out with financial rescue plans late afternoon which lifted the market sentiments as expected and told here.Still nifty closed well below crucial resistance of 3540.The market breadth was negative with advances at 141 against declines of 1144 on the NSE. Top Nifty gainers included Ranbaxy, Tata Power and Nalco while losers included Suzlon, BPCL and Wipro

Following calls were given in yahoo messenger for clients:

Avoided major trading today due to dangerous market conditions

Buy Nifty Futures around 3430 with stop loss 3420 and it made 3445

Buy Bank of India around 263 with stop loss 262 and then gave cover order at 265-266

Buy Reliance around 1555 with stop loss 1548 for target 1580 and stop loss hit

Short Bank of India around 264 with stop loss 266 and small stop loss hit

Market Outlook 08/10/08

Market still under slippery mode

Though indian market witnessed selling even yesterday, it saved important support of 4540 and closed above 4600 showing little strength compared to U.S market and today again global cues are ver negative and nifty might well test 4540 again and break of that will take it down to 60-100 points.It was scary market in U.S as Dow crashed more than 500 points as investors are uncertain of economy slowdown and measures taken by the government on financial status and at the close The Dow Jones industrial fell 508.39 points to 9,447.11.Economic pain is going on increasing and whole world market is getting effected now.Today Great Britain is announcing its financial rescue plans for their problamatic banking system and this may invite some buying in the market later on from low's.For today, if nifty breaks 3650, it will face very strong resistance at 3680 where heavy selling might come in and if crosses, things may turn little positive and on lower side if nifty breaks 3575 support, it may well test 3540 again and break of this crucial support may take nifty towards 3500 and then 3465 very strong support.If nifty opens gap down, buying might come in from low's.Be carefull in today's trading.High volatility also is also expected because of tomorrow's trading holiday.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 07/10/08

Market just saving crucial support of 3540 and closing flat !

Market started off with a bang today moving above 3700 and then came down to support area of 3680 and then broke even that and after sun-outage break, it was straight fall below 3600 and then recovered suddenly to move 100 plus points within 30 minutes and volatility was extreme today.Late afternoon session witnessed more selling which took nifty towards strong support area 3540 and then again bounced back moving above 3600 and then closed flat at 3606, up 4 points from the previous close.Total market turnover stood at 77,297.33 crore a bit higher than Monday's trade.The market breadth was negative with advances at 332 against declines of 936 on the NSE. Top Nifty gainers included Nalco, Reliance Power and SAIL while losers included L&T,Sterlite Industries,HDFC Bank, Siemens and TCS

Following calls were given in yahoo messenger for clients:

It was a fantastic day of big profits today

Short Nifty Futures around 3710 with stop loss 3724 for target 3660 and it made 3610 and gave cover order....HUGE PROFIT

Short Nifty Futures around 3595 with stop loss 3605 and it hit the small stop loss

Buy Reliance Industries around 1668 with stop loss 1660 for target 1700-1730 and it made just 1678 and then hit the small stop loss

Short Reliance Infra around 650 with stop loss 661 for target 630-615 and it made 622....HUGE PROFIT

Short Bank of India around 282 with stop loss 286 for target 274-266 and it made 267....HUGE PROFIT

Short Reliance Infra around 662 with stop loss 671 and it made 652....GOOD PROFIT

Short Reliance Capital around 1020 with stop loss 1033 for target 990-970 and it made 963....GOOD PROFIT

Market Outlook 07/10/08

U.S economy problems creating global stock market crash

It was a scary crash in indian market yesterday and even today the global markets are very bearish and moreover
The Dow Jones industrial fell 369.88 points to 9,955.5.After trading as low as 9,525 intraday and on track for its worst-ever point decline, the Dow clawed back to close at 9,955.50, its first close below 10,000 since 2004.The sell-off came despite the $700 billion U.S. government bailout package and this huge economic slowdown in U.S has resulted in global stock market melt down.Be carefull in indian stock market as for today, nifty has great support now at 3540 and if this is not broken, it will move up to test its first resistance at 3625 and above this it will move towards 3685-3710 and If nifty breaks all important support of 3540, then one more strong support exisits at 3465 which will not be broken for sure. So, a very important and interesting day of trading today.Can india de-couple from world market today !!

Stock watch for the day:

Today's calls only for clients

Intraday call performance 06/10/08

Market crashing below 3600 and nifty near major support !!

Global weekness crushed the indian markets today and this was clearly mentioned here that break of 3745 will result in 100-150 straight fall and it happened exactly as nifty made a low of 3582 after breaking 3745.Asian and Europian markets also crashed badly along with the indian market.As expected, big brother -Reliance Industries took the initiative again to crack the indian market as it crashed very badly falling to 1630 range.The market breadth was negative with advances at 57 against declines of 1227 on the NSE. Top Nifty gainers included Tata Communication and BPCL while losers included Sterlite, Suzlon, Tata Steel and DLF.It was a scary fall in indian market as nifty reaching 3550 from level above 6000 !

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3655 with stop loss 3635 for target 3685-3710 and it made 3706....HUGE PROFIT

Buy Nifty Futures at 3650 with stop loss 3638 and it made 3667....GOOD PROFIT

Buy Kotak around 514 with stop loss 509 and it hit the small stop loss

Buy Reliance Industries around 1700 with stop loss 1690 and it made 1724

Buy Bank of India at 280 with stop loss 278 and it hit the small stop loss

Short Reliance Infra around 683 with stop loss 692 for target 660-650 and it made 626....HUGE PROFIT

BUY ONGC around 985 with stop loss 980 for target 1000 and it made 998....GOOD PROFIT

Buy Bank of India around 265 with stop loss 263 for target 272 and it made 274....GOOD PROFIT

Market Outlook 06/10/08

Market near the crucial edge again !

Indian market crashed again on friday and closed well near to 3800 support area.On global front, The Dow Jones industrial fell 157.15 points to 10,325.70 after the U.S. House of Representatives approved a $700 billion financial rescue plan as investors are still in uncertain condition about this rescue plans of the government.The U.S. crude settled at $93.88 a barrel, down 9 cents.Now for today, if nifty reminas above 3800 it will be positive and if breaks 3800, then it will slide heavily towards one more big support area 3745-which has to be protected or else another 100-150 points big fall cannot be ruled out and on upper side, nifty has crucial resistanes at 3870 and 3920 and then 3980 strongest resistance.So, watch out for the crucial begining on the week.It will also be interesting to see the market major Reliance Industries in action today.
Banking, Real estate and Infrastructure stocks will be interesting to watch today.Nifty might also open gap down near the support area.So, better to watch out for the crucial first hour.

Stock watch for the day:

Today's calls only for clients