Intraday Call performance 05/03/08

It was a fantastic day of trading as nifty still maintained strong support at 4800 and moved upwards strongly at the end of the day to make a high of 4937.Tomorrow being a trading holiday, focus still will be on the on the range of nifty 4800-5000.Still the trend is not clear as it has not broken out or broken down.Will be interesting to see how the week ends this time around.

Stock watch for the day:

Ispat Industries: This was given a sell call below 40 for target 36 and the stock made a high of 38.5 and low of 36.4

Following calls were given in yahoo messenger for clients:

It was again a great profit day for all my clients

Short Nifty Futures around 4900 with stop 4935 and it made 4830 and told to come out

Short Nifty Futures around 4910 with stop 4935 and it made 4840 and told to come out

Short Suzlon around 242 with stop 246 and suzlon made 229

Short HDIL around 742 with stop loss 748 and it made 700

Short Renuka Sugar around 1015 with stop loss 1025 and when renuka made 935, told to cover the position

Short Maruti around 924 with stop 928 and the stock made 915 and then hit the small stop loss

Market Outlook 05/03/08

Market seems to be playing around crucial support of 4800 and today also 4800 support will be very very crucial.Till it holds on to 4800, no problem.But, once if it gets broken allround panic will start in the market and one more strong selling will emerge for sure.For today, 4900 will be resistance and above that 4970 will be very very strong resistance and on downside, below 4900 nifty will try to test 4800 again and if breaks 4800, then will go down to first support at 4740 straight

Stock watch for the day:

Ispat Industries (38): This stock has broken strong support at 40 and now for today, below 40, it will test 36 and then 34.

Intraday call performance 04/03/08

Market was too volatile today and as expected more on weeker side and it still held on to strong support of 4800 as it made a low of 4812 and high of 4977.Now the onus on coming day's will be on strong support at 4800.

Stock watch for the day:

NTPC: This was given a sell call with stop loss 197 for target 185 and the stock made 195 high and a low of 186

Following calls were given in yahoo messenger for clients:

A great day of big profits for my clients today....

Short Nifty Futures around 4930 with stop 4950 and nifty futures made 4830 and told to come out....HUGE PROFIT

Short Nifty Futures around 4920 with stop 4940 and nifty futures made 4825....HUGE PROFIT

Short Suzlon around 255 with stop 259 and the stock made 227....HUGE PROFIT

Short Maruti around 900 with stop 910 and the stock made 883

Short Rcom around 530 iwth stop loss 535 and the stock made 508....HUGE PROFIT

Short Bank of India around 315 with stop 318 and the stock made 311.5

Market Outlook 04/03/08

As expected, market opened week yesterday and remained week throughout the day and made a low of 4936.Now, only strong support for nifty is at 4800 and probably it will test 4800 again and if consolidates around that for few day's, might make a big move then.We will wait and see as the global factors are also effecting indian market too much these days and as i told you on friday, to understand the budget it will take 2-3 day's.For today, nifty will face resistance around 5015 and if crosses wil move towards 5040.On downside, break below 4950 might take it towards 4885 strong support.

Stock watch for the day:

NTPC (189):This stock has broken the strong ressitance yesterday and try to short it at higher levels with stop 197 for target 190 and then 185.

Intraday call performance 03/03/08

As expected, market opened week and for most part of the day it saved 5000 support and at the last hour it even broke 5000 and made a low of 4936.Now, in coming day's nifty will test strong support of 4800 again.This week trading will set the trend for the market.

Stock watch for the day:

Essar Oil :This was given a buy call with stop 250 for target 270 and the stock made 266

Following calls were given in yahoo messenger for clients:

Even in this scary market, our clients did well today....!

Buy Onmobile global around 608 with stop 600 and the stock made 614 and then hit the stop loss

Wait for dips and buy NTPC around 196 with strict stop at 194.8 and NTPC made 197.5 and then told to come out at 196

Short NTPC at 195 with stop 196.5 and the stock made 188

Buy Bajaj Hindustan around 239 with stop 237 and the stock zoomed to 254

Buy Essar Oil around 252 putting a small stop at 250 and the stock made 260

Buy Sail around 242 with small stop at 240 and the stock made 245 and then hit the stop loss

Short RCom around 557 with stop 561 and the stock made 536

Market Outlook 03/03/08

Today, nifty will face resistance around 5260 and below that it will remain week and above that will target 5300.If nifty doesn't cross 5260, it will definitely slide and watch for the supports at 5200 first and then straight to 5140 support and if breaks 5140, then 5070 will be very very strong support.It might take a day or two to understand the budget and then react accordingly and setttle in a range.Volatility has become a part of indian market these day's.So, even if market goes up, it will face selling at higher levels.There might be a gap down opening also today, as opening itself is very unpredictable today..So, watch out.

Stock watch for the day:

Essar Oil (259): Watch this stock as it has just started gaining momentun and if remains above 250, it will blast to 270 today and below 250 it is not a buy.

Intraday call performance 29/02/08

As expected, it was a big day of union budget and volatility was too high in the late afternoon and i also had to tel clients to close intraday positions and stay out of the market today as it was getting too dangerous staying in intraday and nifty even made a low of 5190.Now, it might take another 2,3 days to understand the budget and then react to that.

Stock watch for the day:

EKC: This was given a sell call below 320 for the target 305 and the stock made a low of 302

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5190 with stop 5180 small stop loss and it made 5215 and then hit the stop loss

Buy Punjab Lloyd around 394 with stop 392 and told to come out at 393 because of severe volatility

Buy Onmobile Global around 616 with stop 614 and the stock made 623 and when it came down, told to alter the stop to 616 and stop loss hit

Buy NTPC around 205 with stop 202 and the stock made 207 and told to stay out of market when it was struggling at 205.5

Buy Bajaj Hindustan around 250 with stop 246 and the stock made just 252 and told to come out at 249

Buy Suzlon around 285 with stop 282.5 and it made 288.5 and told to cover position because of intraday volatility when it was around 287

Short Bank of India around 340 with stop 343 and told to cover the position and stay out of market when it was at 339 because of severe volatility