Intraday call performance 20/05/08

As expecetd, nifty faceed selling at higher levels and couldn't cross 5190 hurdle and straight away came down below 5100 and closing was also weak now.Expiry things are setting up now and can be claerlys een by the market movements.

Stock watch for the day:

RCom: This was given a buy call with stop loss 588 for target 615 and it made a low of 590 and high of 610

Following calls were given in yahoo messenger for clients:

It was a good trading day for clients

Buy Nifty Futures at 5112 with small stop at 5100 and it could make only 5130

Buy Nifty Futures around 5180 with stop 5160 for target 5100 and it made 5095

Buy ICICI Bank around 929 with stop 924 and it made 932 and when it came down, told to cover at 929

Buy RCom at 592 with stop 588 and it made 608

Short Punjab Lloyd arround 353 with stop 356.5 and it made 337

Short Tisco around 907 with stop 910.5 and it made 887

Buy Bombay Dyeing around 972 stop 966 and when it amde 984, gave cover order

Market Outlook 20/05/08

After 3 day's holiday's market will open today and final test will be 5190 and above that market will be very bullish now and if nifty fails to cross 5190, there might be some profit booking today.World market clues are also positive inspite of raising oil and indian market also expected to go up, but caution is required to see how it reacts at higher levels as profit booking also might come at higher levels.For today, if nifty gets past 5190, it will move towards 5220-5240 level where selling might come and if nifty failes to break 5190, 5100 will be tested again today.

Stock watch for the day:

RCom: Buy this stock in small dips with stop loss 588 for target 615-625

Intraday call performance 16/05/08

As expected and told here, nifty was bullish today, but still not able to cross the final hurdle at 5190 as it made a high of 5167 and closed around 5160 level and monday being a trading holiday, interesting to see market movements on tuesday.

Stock watch for the day:

IFCI:This was given a buy call with stop loss 62 for target 64 and the stock amde a high of 63.75 and low recorded was 62.3

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5140 with stop 5165 and it made 5100

Short Nifty Futures around 5145 with stop 5165 and it made 5105 and told to cover the position.

Buy TCS around 975 with stop 969 and it made 983 and then hit the stop loss

Short Tisco around 886 with stop 992 for target 875 and it made 876

Buy Renuka Sugars around 134.8 with stop 133.75 and stop loss hit

Short Tisco again near 888 with stop 890 and it made 882 and the hit the small stop loss

Market Outlook 16/05/08

The market is seeing positive sentiment and seems to be discounting all negative news as Nifty managed to close above 5100 yesterday with reliance indutries leading the pack and now facing a very crucial big resistance at 5190 and if gets past it, then nifty might move to 5400-5500 staright and if not may come down.For today, nifty above 5100 the crucial resistance will be at 5190 only and selling might emerge there and 5100 might be tested and on lower side nifty below 5100 there is a supper support at 5050 which is a very strong support now.Mondays trading holiday also may bring in some selling in the final hour of trading today.

Stock watch for the day:

IFCI (63): Buy this at dips with stop loss 62 for target 64-65

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