Intraday call performance 26/02/08

It was gao up opening today and nifty reacted exactly at 5260 ressitance and was playing in a narow range afterwards.Once it broke 5260, it was allround bying in the market and nifty rose to 5281 and closing again positive and many of the stocks which had gone for corections recovered well today.

Stock watch for the day:

Essar Oil: This was given a buy call with stop 229 for target of 242-245 and the stock amde a high of 242

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5240 with stop 5220 and it made 5255

Buy J.P.Associates around 251 with stop 247 and the stock made 273

Buy EKC around 321-322 with stop 318 and the stock zoomed to 332.5

Short HDIL around 842 with stop 848 and ithit the stop loss

Buy G.E.Shipping around 440 with stop 438 and the stock hit stop loss and small loss

Buy R-Power around 446 with stop 442.7 and teh stock zoom dto 452.6

Buy Bajaj Hindustan around 256 with stop 253.5 and the stock made 259.4

Short Tisco at around 815 with stop 819 and the stock made 802

Market Outlook 26/02/08

Atlast nifty broke the strong support at 5070, but surprisingly made a low of just 5055 and overall heavy buying resulted in taking nifty to a high of 5212 and within one day market again looking good now ! Anyways, for today 5260 is one resistance and if crosses that , then it will aim for 5300 and then 5310.On downside, below 5200, nifty has support at 5160 and if breaks that 5100 will be very strong support.So, overall makes an interesting day today.Some selling might come from higher levels.

Stock watch for the day:
Essar Oil:Watch this stock which has support at 229 and above 236 will fly to 242-245.Below 229, it is not a buy.

Intraday call performance 25/02/08

Heavy drama took place today as nifty broke strong support at 5070 and madea low of just 5055 and bounced back strongly to break all upside resistance and made a high of 5212 and closed just around 5200 and is at an interesting stage now.There are many things to consider in coming days of market and trading will be interesting.

Stock watch for the day:

J.P.Associates:This was given a buy call with stop 240 for target 260-265 and the stock amde a high of 261

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5125 stop 5140 and it made 5115 and then told to cover

Short bartronics around 209 with stop 211.2 and the stock made 200 exact to my first target

Buy Voltas around 201 with stop 199.8 and the stock made 203 and when it came down to 201.5, told to come out

Short J.P.Associates around 244 with stop 248 and it made just 243 and stop loss hit

Short Adlabs around 850 with stop 856 and the stock made 845.6 and the hit stop at 856

Short RCom around 581 with stop 586 and the stock made 578 and told come out at 582

Short LITL around 420 with stop 424.5 and the stock made418 and then stop hit

Buy DLF at around 834 with stop 830 for target 850 and the stock zoomed to 848

Market Outlook 25/02/08

As happened in the last few day's, even if nifty opens a high it is expecetd to face selling at higher levels again.Asian markets are showing strong pull back from lower levels and indian market also might move up first accordingly.The support level to watch for is 5065 on downside and any break below this might take nifty towards 5030-5000 today itself. Now that expiry is also nearing and lots of activities will be seen during this time for sure.On upper side, if nifty clears 5140, it will face resistance around 5180-5200 which will be very strong resistance to watch out for.Above 5200 again it will be test of 5260.Volatility will be high again in coming day's as well. Strong support is 5065 and unless breaks that trend is up now.

Stock watch for the day:

J.P Associates (247): Watch this stock and if remains above 240, will fly to 260-265 today.Below 240 is not a buy.

Intraday Call performance 22/02/08

Today market was very boring as whole day it was moving in a narrow range as if it was waiting for something.Nifty made a low of 5093 and a high of 5184 today.Nifty closing was red and downside support is at 5070 and if breaks panic will be craeted in coming day's.

Stock watch for the day:

HDIL: This was given a buy call with stop 816 for a target of 850 and stock made a high of 858

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5110 with stop 5130 and Nifty Futures made 5080

Short nifty futures around 5110 again with stop 5130 and Nifty Futures made 5103 and told to come out when it made 5112
Short Union Bank at 185 with stop 187 and the stock made just 183.5 and then hit the stop loss

Short Unitec around 369 with stop 372 and the stock made 363.5

Short DLF around 830 with stop 835 and the stock made 823 and then told to close when it was at 830

Buy Bajaj Hindustan around 262 with stop 259 and the stock zoomed to 267.6

Buy Satyam Computers around 441 with stop 439 and the stock made 444.4 and came down to hit the stop loss

Buy Unitec around 372 with stop 370 and the stock made 377

Market Outllok 22/02/08

Yesterday nifty was too volatile as before some days back and as expected came down from high level but still protected 5110 support.For today, trend remains up till it is above 5110 and on downside 5070 is the strongest support and if at all it breaks 5070, total panic will be created.Yesterday DOW also closed down 142 points.On upperside, 5260 will be again the resistance to watch out for and crossover 5260 will take nifty towards 5285 and then 5400.Higher level selling will come again today.

Stock watch for the day:

HDIL (822):Watch this stock and if 816 is protecetd on downside, it will move to 840-850 today.

Intraday call performance 21/02/08

Market recovered first and as expected faced selling from higher levels exactly near my ressitance 5260 as it made a high of 5241 and came down crashing to test yesterday's low, but never broke that.Nifty atlast closed at 5192.Now that budget factor and also expiry factors will come into effect and stock trading will be more interesting with this much volatility

Stock watch for the day:

Bajaj Hindustan:This was given a sell call below 280 for target 268 and stock made 267 and then bounced back to 278 level

Following calls were given in yahoo messenger for clients:

IT WAS AN EXCELLENT PROFIT DAY FOR ALL MY CLIENTS

Short Nifty Futures around 5220 with stop 5236 and Nifty Futures made 5145 and told to exit

Buy Nifty Futures around 5075 with stop 5060 and Nifty Futures made 5150 and told to come out

Short Bajaj Hindutsan around 277 with stop 280.5 small stop loss and the stock made 266

Short Neyveli Lignite at 159 with stop 162 and the stock made 152.75

Short RNRL at 136 with stop 137.5 and the stock made 129

Short MARUTI around 778 with stop 784 and the stock made 754

Buy Bajaj Hindustan around 270 with stop 267.5...small stop loss and the stock made 277