Intraday Call performance 06/05/08

Market opened weak as expected and nifty lost another 40 points when nifty broke 5150 and made a low of 5110.Now, next two day's market is very important and also will be interesting as it will definitely show further market direction

Stock watch for the day:

Sail : This was given a sell call with stop loss 180 for target 176 and the stock made a high of 186 and low of 177

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5200 with stop 5215 and when it made 5140, gave exit call

Short Praj Industries around 205 with stop 208.5 and it made 192

Short RNRL around 121 with stop 122.5 for target 117 and it could only make 118 and the hit the small stop loss

Buy Omax Limited at 239 with stop 236.5 and it made just 241.3 and then hit the small stop loss

Buy DLF around 681 with stop 678.5 and it made just 684.3 and then hit the small stop loss

Market Outlook 06/05/08

Today market may face selling if starts trading below 5190 and above 5190, market is good.Yesterday Dow closed 90 points down and indian market also might open low and expected to recover in the late afternoon session.Below 5190, nifty will test strong support at 5150 and above 5190, nifty will face strong resistance around 5240-5250 range today.

Stock watch for the day:

SAIL (182): Sell this stock at higher level with stop loss 190 for target 180-176

Intraday call performance 05/05/08

Nifty was positive as long as it was above 5190, but nifty couldn't cross the crucial resistance mentioned at 5270 and it just made a high of 5254 and then came down heavily to break even the support at 5190 and made a low of 5182 and then closed just around support area at 5192 and tomorrow's market should be interesting now.

Stock watch for the day:

Tisco: This was given a sell call with stop loss 825 for the target 785 and it made a high of 813 and low was 786

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5220 with stop 5200 and it made 5255 and told to come out

Short Nifty Futures around 5270 with stop 5290 and told to cover at 5230

Buy NIfty Futures around 5225 with stop 5210 and gave covering order around 5240

Short ICICI Bank around 955 with stop 962 for target 936 and then 924 and it made 925

Short R-Power around 402 with stop 405 and it made 398 and then hit the stop loss

Short Tisco around 793 with stop 797 and it made 787 and then hit the stop loss

Short R-Power around 406 with stop 410 and it came down to 399

Buy Adlabs around 776 with small stop 773 for target 785 and it just made 783

Market Outlook 05/05/08

Market again looking bullish only above 5190 and if nifty crosses 5270, one more heavy move might come.Below 5270 nifty might test 5200 and then 5190 and if it breaks 5190, there might be selling of some points for sure.Dow has also closed positive and looks to be consolidating above 13000 and this is a good sign for the market.

Stock watch for the day:

Tisco (797): Wath this stock at higher levels and short it near 810-815 with stop loss 825 for target 800-785

Intraday call performance 02/05/08

As expected and told here, Nifty opened gap up and faced resistance around 5300 and came down and closed very strong at 5228 and if there is no bad news coming in next 2 day's market will zoom again on monday.

Stock watch for the day:

Praj Industries: This was given a buy call with stop loss 190 for the target 212 and the stock reached the target making high of 217 and the low recorded was 200

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5230 with stop 5210 and when it made 5240, told to cover position

Short Nifty Futures around 5260 with stop 5280 and when it made 5225, told to cover the position

Buy Nifty Futures around 5220 with stop 5200 and it made 5249 and target given was 5250

Short MTNL around 114 with stop 115.8 for target 110 and the stock made 111.4

Buy LITL around 533 with stop 527 for first target 546 and it made 545

Short LITL around 530 with stop 533.5 for first target 515 and told to come out at 527

Short Bombay Dyeing around 1035 with stop 1046 and it made 1021 and then hit the stop loss

Market Outlook 02/05/08

As told on wednesday that indian market is going to take clue from world market today, nifty will go up and there might be a big gap up opening also.Nifty above 5190 will directly test 5245 and then straight test of 5315 is also possible.If nifty remains below 5190, it will remain weak (but possiblity of this is very remote).It is a bull market today above 5190 and just watch the bullish moves.There might be gap up opening today..watch out...!

Stock watch for the day:

Praj Industries (198): Buy this stock with stop loss 190 for target 206-212.

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