Intraday Call Performance 10/12/08

Market closing very bullish above 2900..!!

It was a gap up opening in indian market today above 2800 and as told never came down below 2800 till afternnon when it came down to test its support of 2870 for a brief period and once it pulled up again it never looked back to make a high of 2940 and closing at 2928- up 144 points from the previous close mainly due to positive vote for an auto package by the US Congress.Reliance Industries took the initiative in taking the market up above 2900 today.The market breadth was positive with advances at 847 against declines of 369 on the NSE. Top Nifty gainers were Reliance Industries, DLF, Sail and Tata Steel.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2870 with stop loss 2845 for target 2920 and it made 2922....SUPERB PROFIT

Short Nifty Futures around 2925 with stop loss 2942 for target 2890 and it made 2880....SUPERB PROFIT

Buy DLF around 228 with stop loss 225 for target 236-242-255 and it made 288....SUPER DUPER PROFIT

Short ACC around 450 with stop loss 452.2 for target 440 and it just made 445 and then hit the stop loss

Short Bank Of India around 251 with stop loss 253.5 for target 244-240 and it made 246.4

Market Outlook 10/12/08

Uncertainity in the market movements

Market witnessed choppy movements on monday and facing pressure at higher ends.On global scenario, DOW jones has crashed 242.85 to close at 8691.33 showing uncertainty prevailing in the market.In indian market today, if nifty gets past 2800, it will again test 2850 resistance and if stays above 2850 with volume, then chances of hitting 2900 is bright.But higher level uncertainity is still continuing here also.If nifty stays below 2800, it will first test 2740 support and then 2675 and if breaks 2675 any time, it may go to 2600 staright...! Overall an interesting day of trading today as market also resuming after a day's holiday.

Intraday call performance 08/12/08

Market feeling pressure at higher ends..!

As expected, market started bullish and even made a high of 2861, but higher end selling came in again to take nifty towards 2784 at close., up 69 points from the previous close.Though nifty started off very well opening gap up above 2800 and even zoomed to go past 2850, it just couldn't sustain above 2800 and in closing hours came down towards 2770.Top Nifty gainers included DLF, TATA STEEL and CAIRN while losers included BPCL, MAHINDRA & MAHINDRA and SATYAM.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2810 stop 2822 for target 2775 and it made 2782....GOOD PROFIT

Short DLF at 220 stop 222.2 for target 214-207 and it made 210....GOOD PROFIT

Short ICICI Bank around 377 stop 383.2 for target 367-359 and it just made 366....GOOD PROFIT

Market Outlook 08/12/08

Market loooking bullish from lower levels

On friday, though nifty zoomed past 2800 it couldn't sustain above that and came down and closed near 2700.On global scenario, things are positive and indian market also might take cues from global market and start moving up again today.DOW has closed the day at 8635.42 on friday-up by 259.18 points.For today, nifty above 2720 will move towards 2780-2820 (strong resistance) again.Below 2700, strong support exists at 2675.So, untill 2675 is saved market is bullish only and any move above 2845 will take nifty towards 2900 straight.Tomorrow being a trading holiday, some volatility may be expected in the indian market today.Be cautious at higher levels today.

NOTICE-02/12/08

REGULAR UPDATION OF THE STOCK MARKET WILL RESUME FROM 7/12/08.SORRY FOR THE INCONVENIENCE

13/11/08

Sorry to tell you that due to some emergency, i won't be updating my blog till 01/12/08

Market Outlook 12/11/08

Market in downtrend below 2950..!!

It was a very bad day for market yesterday as nifty broke 2950 and closed below it and looks like one more testing of 2850 wil be on now and break might be severe.On global scenario, The Dow Jones industrial average shed 176.58 to 8,693.96 after falling by more than 300.The credit markets have eased a bit since Lehman Brothers Holdings Inc.'s bankruptcy in mid-September, but they remain tight.Light, sweet crude for December delivery fell $3.08 to $59.33 a barrel on the New York Mercantile Exchange. Late Monday, Starbucks Corp. reported lower sales across the coffee chain, and early Tuesday, Toll Brothers Inc. posted a sharp drop in revenue and said it was too difficult to predict what the luxury homebuilder's profit would be next year.Wall Street was also jittery as the nation's feeble automakers hope for a bailout from the federal government similar to the one given ailing insurer American International Group Inc. General Motors Corp., whose shares have plunged to 60-year lows, said late Monday it would cut 1,900 factory jobs on top of the 3,600 cuts it announced Friday.At the pump, gasoline prices are at a national average of $2.22 a gallon.The dollar moved mostly higher against other major currencies Tuesday, while gold prices dipped.For today, nifty will remain weak below 2950 and on downisde has small support at 2900 and then staright testing of 2850 is definitely on and if breaks 2850, fall might be severe.On upper side, nifty will face resistance at 2950 and 2985.Nifty will be positive only if manages to stay above 3000 and possibilities are very less.Be carefull on shorting if nifty starts trading above 2950 and stays above that.

Stock watch for the day:

Today's calls only for clients