Intraday Call performance 12/06/08

Nifty pulling up from low's again....

Though nifty opened low and went even below 4400 to touch 4392, it never tested strong support given at 4370 and as expected and told here, it resumed its upwards journey from lows and even was able to cross 4540 strong ressitance and made a high of 4550 and closing was little below 4540 and tomorrow's inflation data might bring in little volatility again.

Stock watch for the day:

LITL: This was given a sghrit callw ith stop loss 364 for target 338 and it opened low and made a low of 325

Following calls were given in yahoo messenger for clients:

Day of very good profits....

Buy Nifty Futures around 4395 with stop 4380 and it made 4414 and then told to cover position around 4388

Short Nifty Futures around 4470 stop 4485 and it made 4450

Buy Bombay Dyeing around 699 with stop 696 and it made just 703 and then hit the small stop loss

Buy Tisco around 823 with stop 816 and the stop loss hit

Buy Tisco at 810 with stop 802 and it made 860

Buy HDIL around 544 with stop 538 and it made 555

Buy Bombay Dyeing at 700 with stop 690 and it made 754

Short LITL around 336 with stop 339 for target 332 and it made 333

Market Outlook 12/06/08

Will it be another bull trap now...!

Inaterestingly indian market was in bullish mode yesterday and even closed near to resistance level of 4540.The Reserve Bank of India (RBI) has hiked the repo rate by 0.25 percent to 7.75 percent, keeping the reverse repo rate unchanged at 6%.The Bank rate and the cash reserve ratio are left unchanged at 6% and 5% respectively.Moreover crude oil again went up to at $136.38 and dow fell 200 points yesterday.Swelling demand from China and other developing countries has boosted oil prices nearly 40 percent so far this year, pressuring major consumers like the United States that are already struggling to cope with a housing slowdown and credit crunch.Representatives of the world's biggest oil consumer and producer nations will meet in Saudi Arabia on June 22 to discuss soaring oil prices, which producer group OPEC says are due to speculation, not a lack of supply.So, all these negative news will effect to indian market also and for today, if nifty fails to cross 4540, it will be straight fall and lower side support will be at 4475 and then 4435 and lastly 4370 strongest support.Even if nifty moves above 4540, higher level selling will come strongly. Incase, if there is lower opening, pullback is possible again if 4370 is held.

Stock watch for the day:

LITL (353): Short this stock at higher levels with stop loss 364 for lower target 345-338

Intraday call performance 11/06/08

A Good Day for the Bulls....

Market was totally in bull control today as told and higher levels did exert pressure, but selling was not severe like before and yesterday's closing level was also not breached whole day..! Today's closing was still impressive as it closed just around 4540 resistance and now the real test will be 3635 level and if breaks that then 4700-4800 also might be possible or nifty might just reverse around 4635 tough resitance ahead.

Stock watch for the day:

Essar Oil:This was given a short call with stop loss 241 for target 223 and it made just 229

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4520 with stop 4545 and it made just 4510 and then when it came up, told to cover position at 4523

Short Nifty Futures around 4520 with stop 4540 and it made a low of 4475

Short Bombay dyeing around 690 with stop 696 and it made just 683 and then hit the stop loss

Short VSNL around 453 with stop 455 and it made just 450

Short Cairns at 292 with stop 294.5 and it made 286

Short Bombay Dyeing at 690 with stop 696 and it made 683

Short Essar Oil around 234 with stop 235 and it made 229

Market Outlook 11/06/08

Till Nifty holds 4370, it's buy in dips..........

Market again plunged after nifty broke 4000 and made a low of 4370 and buying came again at the closing point taking nifty towards 4450 level and for today, if nifty gets past 4465, it will test 4500 and then 4530 a big resistance and higher level is exerting pressure continuously and will continue today also.If market opens low, buying will come till yesterday's low is held and selling might come in the later part and if market continues from yesterday, watch higher level selling.Yesterday Crude dropped $3.04 to settle at $131.31 a barrel on the New York Mercantile Exchange.The dollar rose against other major currencies, while gold prices tumbled.Still global cues are negative with japan, europe, china are all showing weekenss.In our market, from here onwards till 4370 is held it's a buy in dips.

Stock watch for the day:

Essar Oil (229): Short at higher levels with stop 242 for target 223-219

intraday call performance 10/06/08

Volatile day of market ............!!

It was a very volatile day of tarding with movements on both sides and traders were totally confused when the market was showing volatility in the alst hour of trading as it was making moves on both sides.Though market openingw as well above yestedray's close, it couldn't cross the first resistance at 4545 and started sliding down slowly and in the later afternoon sldie becaome severe breaking all the inbetween supports and closing around 4460.

Stock watch for the day:

RPL : This was given a short call with stop loss 181 for lower target 164 and it made a low of 165 and high was just 174

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4430 with stop 4405 and it made 4455 and told to cover position when it came down to 4425

Buy Nifty Futures around 4360 with stop 4355 and it made 4393

Buy Dr Reddy's Lab around 698 with stop 694 and it made 710

Buy Tisco around 820 with stop 816 and it made 827 and then hit the stop loss

Buy RCom at around 540 with stop 538 and it made just 543 and then hit the smal stop loss

Short Bombay Dyeing around 636 with stop 641 and it made 628

Market Outlook 10/06/08

Time to pick up quality stocks..!

Atlast nifty broke 4440 strong support and it seemed like operators broke that support purposely to make a new low support and will be interesting to see today's moves now.For today, if nifty moves above 4545, it will test 4590 first and then testing of 4635 final strong support is on.But higher level will exert pressure for sure and more interesting part is to see the extent of pull back rally.Nifty remain below 4525 sentiments will remain weak and on downside 4575 will act as support and break below 4440 will be another big support to watch.Time for buying quality stocks at dips now and lots of money are waiting on the sidelines to be dumped in the stock market and there may be another big upmove shortly.Moreover Oil prices closed Monday at $134.35 a barrel, down from last week's high of $139.12 a barrel and if slides further will be good for the market.

Stock watch for the day:

RPL (171)-Short this with stop loss 181 for target 168-164.If moves above 182, dont short.

Intraday call performance 09/06/08

As expected, market carshed in the opening bell and made a low of 5411 breaking its strongest support as given here at 4440 and till mid afternoon was trading in too deep red and then recovery came which pushed nifty above 4500 and even closed above that and tomorrow might be interesting to see where it is heading as indications are there to target 5600-5700 on upperside and then selling might emerge again.

Following calls were given in yahoo messenger for clients:

Though calls were given late today because of the market volatility, it gave good profits

Short Nifty Futures at around 4500 with stop 4535 and it made 4450

Short Nifty Futures at around 4500 with stop 4535 and told to cover position at 4445

Buy Bombay Dyeing at around 670 with stop 664 and it made 687

Buy Tisco around 803 with stop 798 and it made 828

Short DrReddy at around 701 with stop 703 and it made 697 and then hit the small stop loss

Short Tisco around 825 with stop 828 and it hit the small stop loss