Intraday Call performance 15/05/08

As told here, nifty was bullish whole day today and closing was even impressive by closing above 5100 and teh only resistance nifty will have next is 5190 big resistance and interesting to see where it is headed now.

Stock watch for the day:

RPL: This was given a buy call with stop loss 179.5 for target 189 and it made a high of 188 and low was 183

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5080 with stop 5100 and it made 5054 and told to cover there.

Short Nifty Futures around 5080 with stop 5090 and it made 5063

Short Tisco around 905 with stop 920 and it made 875

Buy Orchids around 281 with stop 278 and it made 283 and then hit the stop loss

Buy J.P Associates around 263 with stop 259 and it made 267

Buy Orchids around 280 with stop 276 and it made 284 and then hit the stop loss

Short Bombay Dyeing at 917 with stop 922 and it made 911 and then hit the small stop loss

Market Outlook 15/05/08

Nifty again managed to maintain 4900 support and came up breaking 5000 and closing above it and for today, if nifty stays above 5000 it will first hit 5050 and crossover will straightaway test 5100-5115 resistance where again selling might emerge.The only very strong resistance for nifty is 5190.If nifty breaks 5000, again testing of 4950 and 4900 is possible.But for today, sentiments are looking good and market is looking bullish for the day.

Stock watch for the day:

RPL(184) :Buy this on small dips with stop 179.5 for target 189-192

Intraday Call performance 14/05/08

Even though nifty opened low, it recovered in the last hour of trading and closed above 5000 and tomorrow will be interesting to see whether it can test 5100 or come down below 5000 again.It seems like artificial pull up.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4985 with stop 5000 for 4950 and it made 4952

Short Nifty Futures around 5010 with stop 5025 and it made just 5000 and then hit the small stop loss

Short Cairns around 285 with stop 287 and it made 280 and then hit the small stop loss

Short Reliance industries around 2530 with stop 2542 and it made 2511

Short Bharti around 833 with stop 841 and it made just 830 and then hit the stop loss

Short Praj Indiustries at 197 with stop 198.5 and it made 195.5 and then hit the small stop loss

Market Outlook 14/05/08

So, market crashed after making initial highs and today also it might be the same story as the market sentiments are still not good and weak as the markets are continuously facing selling pressure at higher levels and one may see testing of 4900 today and break will take it to 4860.Above 4950, nifty might test 5000 and if crosses then 5030 will be strong resistance for today.Market is not at all stable these days and also slow in going down and it is better if it breaks down to 4700 fast to get a decent entry again.

Stock watch for the day:

Todays call only for clients

Intraday call performance 13/05/08

Though nifty opened high, it couldn't cross 5100 strong resistance and came down and once it broke 4970 strong support it was allround selling which took nifty to low of 4943.As told here, yesterday's last hour buying was just short covering, which was clear today i believe.

Stock watch for the day:

Arvind Mills: This was given a buy call with stop loss 50 for target 53 and the stock made a high of 53.5 and then came down to make a low of 49.6

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5040 with stop 5020 and it made the exact target 5080

Buy Nifty Futures around 5020 with stop 5000 for target 5060 only if 5040 strong support is taken off and it made 5039 twice and then came down

Short Nifty when it goes to 5075 with stop 5100 and call not initialised and nifty crashed heavily

Buy ACC around 708 for target 720 and it made just 715

Buy Cairns around 282 with stop 279.5 and it made just 285 and then stop loss hit

Buy Suzlon around 280 for target 290 and it made 287.5

Short RCom at 560 stop 566 and gave cover order when it made 550

Market Outlook 13/05/08

So, nifty bounced back from lower opening as told here yesterday and now first crucial resistance would be 5050 and then next resistance is at 5100 and the most important and crucial resistance will be at 5190 and if nifty doesn't get past this, 4700-4800 target is sure and this may be just short covering in that case.Yesterday there was a lower opening and today there might be gap up opening and in that case some selling might come from higher levels.On downside, 4970 will be strong support for today.

Stock watch for the day:

Arvind Mills (51.3): Buy this with stop loss 50 for target 53-55

Intraday Call performance 12/05/08

Nifty broke 4970 and made a low of 4913 and closed above 5000 confusing traders.Now that support is broken, this upmove just looks like a short covering.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4940 with stop 4920 and when it made 4995, told to cover the position.

Short Nifty Futures around 4990 with stop 5015 and it made 4956

Buy RCom around 532 with stop 524 and it made 552

Short Suzlon around 276 with stop 276.5 and it made the exact first target at 266

Short Tisco around 830 with stop 834.5 for first target 820 and it made exact 820

Buy R-Power around 401 stop 397 and it made 413

Short ITC around 220.5 with stop 222.5 and the stop loss hit

Short LITL around 453 with stop 456 for first target 445 and it made just 447