Market volatility continues

03/11/07

As expected by me, nifty took support from 5700 level and again was able to cross and close above 5900 mark and the market volatility is still continuing and also looks very bullish even though there are lot of negtaive factors running around like oil price raising in international market, the never ending indian political problems, us economy problems, weekening of dollar etc.Still, the market is zooming and now looking towards 6050 first and if crosses that level then we can see 6300 level very soon.Market is definitely looking like standing on needle point now and if corrections do take place anytime, then sensex might wipe out 2000-3000 points for sure.Now, since all the sebi meeting, fed meeting, p-notes issue are all over, markets might sail again on upper side very smoothly unless anything negative thing happens all of a sudden.But, market volatility wil remiana nd 5700 might become stop loss for all longs now.But, there is still lot of strength in the market as there are lot of buyers coming in at every dip in the market.Reliance pack is taking a major part here.

Intraday call updations

02/11/07

Short HDIL minimum quantity at 675 stop 677 and stock came down to 670 and then hit stop

Short Reliance at 2635 stop 2651 and stock fell to 2616 and then went up to hit the stop loss

Buy RNRL at 133 stop 131 and zoomed to 133.7 and told to come out at 132-133 range later

Short IDFC at 184 stop 187 for target 180 and reached 182

Short Reliance Energy at 1723 stop 1730 and stock fell to 1716 and then hit the stop loss

Buy Reliance Energy at 1766 stop 1750 and stock zoomed to 1872 and my target was 1880

Catch Reliance Capital at 1925 stop 1910 and it zoomed to 2004

Intraday Call Updations

01/11/07

Sell BHARTI TELE if breaks 980 support for target 960 staright and it made a low of 952 straight and later fell to 920 without crossing 965 again

Short SBI at 2112 stop 2123 ...just 50 shares....and stock fell to 2052

Buy HDIL at 796 stop 792 for target 720 and it zoomed from 696 to 705

Buy RELIANCE CAPITAL at 2132 stop 2119...call did not get initiated

Buy 50 shares of RELIANCE ENERGY at 1845 stop 1837 and stock zoomed to 1872 and told to come out in the range of 1866-1872

Short 50 shares of SBI at 2114 stop 2121.....and stock fell to 2095 from 2115