Intraday call performance 30/04/08

As expected nifty faced selling at higher levels and made a low of 5156 and closed at 5166.Tomorrow is a trading holiday and day after tomorrow trading will resume and might take some clues from world market.Today also morning session was boring as it happens these day's with low volume and later half saw some action with selling coming taking nifty below 5200.

Stock watch for the day:

DLF Limited: This was given a buy call with stop loss 705 for target 735 and the stock made a high of 735 and then fell to close at 701

Following calls were given in yahoo messenger for clients:

It was an excellent profit day for all my clients

Buy Nifty Futures around 5225 with stop 5214 and it just made 5230 and then hit the stop loss

Buy Nifty Futures around 5180 with stop 5159 for target 5215 and it made 5212

Buy LITL around 510 with stop loss 502 and it made 543....super duper profit

Short India Info around 980 with stop 992 and it made 933....super duper profit

Buy Punjab Lloyd around 372 with stop 369 and it made 375 then hit the small stop loss

Buy Bombay Dyeing around 973 with stop 965 and it made 980 and then hit the stop loss

Buy Bombay Dyeing again around 964 with stop 961 and it made 1065....super duper profit

Market Outlook 30/04/08

Atlast nifty crossed 5150 and made high of 5210.Even today, things are looking bullish but higher level selling might come.For today, if nifty moves above 5210 it will face strong resistance around 5250-5260 and is very difficult to cross this resistance today.If crosses this resistance, then another huge upmove might be seen.Selling might come from higher levels today.If nifty doesnt cross 5210, then it may test 5150 suport and then 5090.Tomorrow being a trading holiday, today's moves and closing is very interesting.

Stock watch for the day:

DLF Limited (725): Buy this stock in dips with stop loss 705 for target 735-740

Intraday call performance 29/04/08

Market was again boring till 12 P.M-when RBI policy announcement came in and market just blasted after that and made a high of 5211 and low recorded was 5082.It was a very good trading day on bullish side.

Stock watch for the day:

RCom: This was given a sell call with stop loss 606 for target 565 and RCom made low of 570 and high of 599

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5096 with stop 5080 and it zoomed to 5165 and gave cover order

Short Nifty Futures around 5180 with stop 5196 and it made 5162

Short Nifty Futures around 5225 stop 5245 and it made 5200

Short Suzlon around 278 with stop 279.7 and it made 274 and then hit the small stop loss

Buy ICICI Bank around 905 with stop 899 for first target 925 and it made exact 925

Buy Bajaj Hindustan in dips around 242 with stop 240.8 and it made just 245.5 and closed at 242.5

Short I-Flex around 1315 with stop 1328 and it made 1297 just short of 7 points of first target given at 1290

Short DLF around 715 with stop 721 for target 705 and it made exact 705

Market Outlook 29/04/08

Market is not moving much these day's and trading volume is very less.Higher level is exerting pressure and it looks like market will spend sometime here in this range below 5200 before moving higher in coming day's.For today, if nifty moves above 5110, it may try to hit 5150 a major resistance for today and if fails to break 5150, it will come down to test 5100 again and then 5070.Downside 5045 will be major support to watch out for.Till held, no problem for bulls.

Stock watch for the day:

RCom (585): Short this stock at higher levels with stop loss 606 for lower target 575-565

Intraday Call Performance 28/04/08

As expected, nifty faced selling at higher levels and came down to make a low of 5079 and closing near to 5100.Market participation was less and with low volume, nifty movements were also not much.Morning session was very dull today as nifty was moving in a narrow range.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5110 with stop 5090 and it made just 5132 and when nifty came down, told to cover in profit above 5110

Buy Reliance Capital around 1450 with stop 1438 and the stock made 1466

Buy ICICI Bank around 900 with stop 892 and it made 912 and then came down to hit the stop loss

Short Maruti around 738 with stop 742 and it 720

Short Bank of India around 338 with stop 340.5 and it made 330

Market Outlook 28/04/08

If nifty opens up high around 5200, beware of being longs as 5200-5225 is very very strong resistance area and nifty might well struggle to cross this resistance today.Opening holds the key and first 30 minutes high is very important and higher level selling is surely expected in today's market and also volatility- which was absent on expiry day may come today.So, be cautious today.On lower side, nifty below 5100 may test 5075 support and break of that might go straight to 5000 again.Today's closing is also very important.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 25/04/08

As i clearly mentioned yesterday and even here in my blog today, nifty never broke 4990 support and once it started trading above 5050 it was all round buying which took nifty past 5100 in great speed and nifty closing was very impressive above 5100.

Stock watch for the day:

No calls were given here today

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5030 with stop 5010 and it made 5075 and told to come out

Short Nifty Futures around 5080 with stop 5095 for taregt 5040 and it made 5035

Short Reliance Energy around 1325 with stop 1340 for target 1280 and it made 1286

Short Orchid around 237 with stop loss 242 and it made low of 232

Short Reliance Capital around 1410 with stop 1432 for target 1380 and it hit exact target