Intraday call performance 21/04/08

As expected nifty crossed 5000 and made a high of 5055 and CRR hike issue did not have much effect today.Nifty heading towards 5200-5300 now.

Stock watch for the day:

Orchid Chemicals: This was given a short call with stop loss 296 for a target of 265 and it made a high of 284 and low of 242

Following calls were given in yahoo messenger for clients:

Today was a very good day for my clients

Buy Nifty Futures around 5030 with stop 5020 and it made just 5043 and gave cover order at 5040

Short Nifty Futures around 5440 with stop 5455 and it made 5008

Buy Punjab Lloyd around 345 with stop 340 and it amde 364

Buy RCom around 535 with stop 532 and it made 563

Short State Bank of India around 1700 with stop 1711 and it made just 1690 and then hit the small stop loss

Short ON-Mobile around 707 707 with stop 712 and it amde exact my first target at 690

Short ICICI Bank around 844 with stop 851 and it amde just 840 and then hit the stop loss

Market Outlook 21/04/08

Market is in bullish trend now and now that CRR is hiked, interesting to see the impact in the begining hours.Nifty is having strong support at 4900 and if theer is lower opening today and 4900 is not taken off, strong bounce back is possible and if there is higher opening,selling might come from higher levels.But, market is looking bullish and only news is CRR hike and to see till what extent it can effect the market.Nifty spot has strong resistance at 5035 and if not crossed will fall from higher leevls and if crosses 5100 is also possible today.If nifty falls below 4900 only it will lose strength

Stock watch for the day:

Orchid Chemicals (284):Watch this stock on raise and if fails to clear 296, short it for target 275-265

Intraday Call performance 17/04/08

Atlast nifty zoomed past 4975 strong resistance today and closed above 4950 and looks set for breaking 5000 now unless any negative news comes in next 3 days.So, next week will be interesting trading without any holiday's ofcourse.

Stock watch for the day:

RNRL:This was given a buy cal with stop loss 104 for taregt 111 and it made a low of 107 and high of 111

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4970 with stop 4990 and when it fell to 4965 and gave cover order

Short Nifty Futures around 4980 with stop 5002 and when it ade 4930, told to cover position

Short Orchid Chemicals around 324 with stop 329 and it fell to 275 and gave cover order when it went up to 279...HUGE PROFIT

Buy Sesa Goa around 3225 with stop 3205 and it zoomed to 3268

Short Suzlon around 291 with stop 295.3 and it just made 290 and then hit the stop loss

Short Balaji Tele around 178 with stop 179.5 and it just made 175 and then gave cover order at 178

Short Ranbaxy around 478 with stop 479.5 and it made just 474 and then hit the stop loss

Market Outlook 17/04/08

Tomorrow is a trading holiday and hence market will be closed for next 3 days and today volatility will continue and nifty below 4975 as i said, remains weak only.For today, above 4840 nifty looks good for 4940 and if crosses might test 4960-4970 range and be carefull on higher side as there might be selling coming there.As i said 4840 will be big support to watch out.There was good trading in U.S market aslo with good results from JP Morgan.

Stock watch for the day:

RNRL (107): Buy this with stop loss 104 for target 111-114

Intraday call performance 16/04/08

Today the gap filling exercise was done perfectly as nifty faced resistance at 4950 range as expecetd and then sliding down it made a low of 4874 and closed around 4900 again placing market in interesting position now.

Stock watch for the day:

L&T: This was given a short call only below 2840 and it opened and crossed 2840 in no time..hence call not executed

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4925 with stop 4905 and it made just 4934 and then hit the stop loss

Buy Nifty Futures around 4900 with stop 4880 and it made 4938

Buy Nifty Futures around 4900 with stop 4885 and it made 4936

Buy Bajaj Hindustan around 218 with stop 214 and it made 220.5 and then hit the stop loss

Buy RCom around 522 with stop 515 and it made 534 and first target given was 535

Buy ON-Mobile around 660 with stop 649 and it zoomed to 727 and told to come out with huge profits

Short ICICI Bank around 815 with stop 816.5 small stop loss and it made 809 and then gave cover order at 815

Short Suzlon around 292 with stop 293.5 and it made just 287.5

Short Bank of India around 306 with stop 307.2 and it made 299 and the first taregt was 298

Market Outlook 16/04/08

Market witnessed a terrific rally once it crossed 4840 mark and now one more strong resistance is in the range of 4965-4975 and if doesn't cross this resistance market will come down and if crosses this resistance, then it will zoom to 5050 range.For today, there might be some gap filling exercise because of sudden raise in the market.So, above 4900, nifty might look into 4960-4975 resitance and if fails to cross, downside major support is at 4840 only.

Stock watch for the day:

L&T (2806): Short with stop loss 2840 for lower target 2760 range.If moves above 2840, don't go for short

Intraday call performance 15/04/08

Nifty blasted above 4840 and reached 4900 in one shot and todays high was recorded at 4917 and low was at 4708.Upmove was at superb pace once it crossed 4840 and though nifty lost some points at the end , the closing was good enough as it closed well above 4840.

Stock watch for the day:

Suzlon: this was given a sell call with stop loss 300 for atregt 280 and teh stock made a high of 299 and low was recorded at 287, short of 7 points from my first target of 280

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4770 with stop 4790 and it made 4755 and told to cover

Buy Nifty Futures around 4755 stop 4745 and it made 4798 and told to cover the position

Short Nifty Futures around4810 with stop 4830 and stop loss hit

Short Nifty Futures at 4915 with stop 4935 and stop loss hit

Buy Bajaj Hindustan around 208 with stop loss 204.5 and it zoomed to makie a high of 218.5

Buy Hindustan Constructions around 122 with stop 118 and it zoomed to make 127.3

Short Orchid Chemicals around 265 with stop 268 and it made 261 and then small stop hit

Short Ranbaxy around 457 with stop 460.5 and it made 454 and then small stop hit

Short Suzlon at 297 with smal stop loss at 300 and it made 291

Short ICICI Bank around 830 with stop 836 and it made 804