Intraday call performance 01/04/08

As told here, nifty faced first resistance around 4800 and then straight away broke 4740 support and made a low of 4628 and closed around 4740 again.Overall a very volatile day of trading today.

Stock watch for the day:

PFC: This was given a sell call with stop loss 173 for target 156 and the stock made a high of 166 and low of 156

Following calls were given in yahoo messenger for clients:

Overall a good trading day for all my clients

Short Nifty Futures around 4785 with stop 4800 and when it made 4650, told to cover

Short Nalco around 458 with stop 460 and the stock made a low of 441

Short Sobha Developers around 608 with stop 610 and the stock made a low of 595

Buy Renuka Sugars around 940 with stop 925 and when the stock made 970, and told to come out

Short India Info around 765 with stop 771 and the stock made 755

Market Outlook 01/04/08

After all the drama yesterday, nifty may again move above 4740 resistance and will try to hit 4800 on the upper side, where it will face first resistance and selling might also come there and if nifty able to cross this resistance it might try for 4850 very very strong resistance area where selling might come heavily.For today, stay long if nifty stays above 4740 and short if falls below 4740.Again an interesting day ahead and today's closing will be very important.It will be better for the market if nifty slides and test 4500-4600 level again in coming day's before making a big upmove.

Stock watch for the day:

PFC (162):Short this stock at high with stop loss at 173 for targets 161-156.

Intraday call performance 31/03/08

Each and everybody were bullish today and i had mentioned clearly here that market will remain weak below 5000 and only if moves above 5020, it will turn out positive and see the result today.Nifty made a high of 4947 and at the end broke even the strongest support of 4740 and closed just above 4700.Tomorrow onwards it's the begining of new financial year.

Stock watch for the day:

ICICI BANK: This was given a short call with stop loss 855 for the target of 825 and it made a high of 849 and low of 769

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4820 with stop 4800 and it made 4860 and told to cover the position

Buy Nifty Futures around 4755 with stop 4740 and it zoomed to 4793

Buy RCom around 522 with stop loss 516 and it made just 525 and when it started coming down, told to cover the position around 520-521.

Buy Reliance Energy around 1300 with stop loss 1294 and it made 1315 and the came down to hit the stop loss

Buy Subex Systems around 196 with 193 and it zoomed to reach the second target given at 215

Buy Punjab Lloyd around 328 with stop loss 325 and it made 330 and then hit the stop loss

Buy Reliance Capital around 1350 with stop 1340 and it made 1365 and then hit the stop loss

Buy Reliance Capital at 1343 with stop loss 1330 and stop loss hit

Market Outlook 31/03/08

Market has moved up too much in the last hour of trading even though inflation result came as high and nifty even made a high of 4976 and this may be a trap also and as i told you 5000-5020 resistance will be very tough to crossover and nifty may again be volatile today as also today is the last day of financial year.So, there may be lots of activity in the market.Below 5000, nifty will be weak and if nifty starts sliding below 4900, it will again try for 4850 support and if it breaks 4850, then next stop might be around 4790.Overall, volatile day is expected today.

Stock watch for the day:

ICICI BANK (835): Short this stock on raise with stop loss 856 for target 825.If moves above 855, it may turn volatile.

Intraday call performance 28/03/08

Nifty was playing in a narrow range for almost the whole day and in the later session, buying came in very heavily to pull up nifty to a high of 4970...! now,is this a trap wil be known in a day or two.Just watch the market moves here on.

Stock watch for the day:

RCom: This was given a short call with stop loss 551 for target 530-525 and the stock made a high of 545 and low of 528

Following calls were given in yahoo messenger for clients:

.................Clients enjoyed big profits today...................

Buy Nifty Futures around 4845 stop 4825 and it made 4885 and told to come out

Buy Cipla around 214 with stop loss 211 for target 221 and the stock made 219

Short Nalco around 466 with stop loss 471.5 and the stock made a low of 451

Buy Bajaj Hindustan around 199 with stop loss 197 and the stock made 207

Buy Reliance Capital around 1343 with stop loss 1335 and the stock made 1400

Short Reliance Capital around 1403 with stop loss 1417 and the stock went down till 1384

Market Outlook 28/03/08

At last the much expected expiry is over and nifty also closed around 4800 level and will be interesting to see nifty movements here on.Nifty has to slide again below 4740 and towards 4600 in coming days again and whether nifty breaks 4740 today or in 2-3 days is interesting as on upper side 5000 is very very tough resistance to break.For today, above 4800 nifty will move towards 4870 and then 4920 where strong resistance will come in and if nifty slides below 4800, then danger of testing 4770 first and if breaks then real possiblity of testing major support at 4740 is on cards.Today also being the last day of the week, some selling will come for sure.

Stock watch for the day:

RCom (538): Watch this stock on upper side and if not able to cross 551, short it for target 530-525

Intraday Call performance 27/03/08

Extreme volatile day ended with nifty closing at almost the same price of yesterday and now nifty is just above 4800 like yesterday and again nifty might take 2-3 days to settle down from expiry and show the direction to the market.Today's high was recorded at 4864 which came in the late afternoon session as told here and the nifty spot low was 4770.

Stock watch for the day:

Reliance Energy: This was given a short call with stop 1325 for target 1260 and the stock made a high of 1310 and low of 1265

Following calls were given in yahoo messenger for clients:

Short Bajaj Hindustan around 192 with stop 193 for taregt 186-182 and the stock came down to 188.4 and then went upto hit the small stop loss

Buy Crompten Greeves around 273 with stop 270.9 and the stock made 280

Short RCom around 524 with stop 531 and the stock made a low of 513 just short of 3 points of my first target at 510

Short RCom again around 537 with stop 543 and the stock and the stock made 527 and told to come out

Short 50 stocks of Reliance Energy around 1315 with stop 1335 and the stock came down to 1265