Intraday call performance 11/07/08

Poor economic data and raising crude crashing the market and ending in deep loss..!!

As expected and told here, market witnessed too much volatility and was trading above 4150 in the morning session and as told reversed at exact first resistance given at 4220 and then in the mid afternoon witnessed strong selling after Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment and even after IT major Infosys first quarter numbers came in line with market expectations could not save the market from falling.Infosys, L&T, HDFC, ICICI Bank, Satyam, Reliance Industries, ONGC and TCS were biggest draggers for indices.

Following calls were given in yahoo messenger for clients:

Clients made very big profits today in my calls in spite of market crashing....

Buy Nifty Futures around 4100 with stop loss 4065 and it picked up from 4110 to amke 4164

Short Nifty Futures around 4170 with stop 4190 and it made 4020 and told to cover there

Buy Nifty Futures around 4013 with stop 4005 and when it made 4020, gave cover order

Short Nifty Futures at 4017 with stop 4025.5 and it made 3981

Short SBI around 1245 with stop 1255 and it made 1229 and then went up to hit stop loss and made 1259 just 4 points up and then crashed to ....shere bad luck

Short India Info around 650 with stop loss 656.5 and it made just 646 and then stop loss hit

Short ONGC around 890 with stop 896 and it amde 845....HUGE PROFITS

Buy Adlabs around 438 stop 430 for taregt 455 and it made 454....HUGE PROFITS

Short India Info around 680 with stop 685 and it made 650....HUGE PROFITS

Short Suzlon around 210 stop 213.2 and it made 198....HUGE PROFITS

Buy Adlabs around 422 stop 419 and gave cover order at 429....GOOD PROFITS

Market Outlook 11/07/08

Market volatility will continue....

As expected it was buying at low and selling at high yesterday also.NIfty will face strong hurdle at 4220-4245 on higher levels today and on lower side 4100 will be the strong support for today.Crude oil prices rebounded by more than $5 to more than $141 a barrel on the New York Mercantile Exchange on another missile test by Iran and worries about more supply disruptions in Nigeria.The Dow Jones industrial average finished up 81.58, at 11,229.02.Oil's resurgence back above $141 a barrel briefly pulled the Dow into negative territory in afternoon trading.Today's Infosys results and inflation data may bring in little volatility though infosys results are expected to be in line with expectations.So, the trading range for today maybe between 4100-4245.Break of this range might be too bullish on upper side and panic on downside.If there is higher opening, then selling will emerge from higher levels.

Stock watch for the day:

Today's calls only for the clients

Intraday call performance 10/07/08

Markets ending flat....

Today market was trading on weaker side with little volatility and went down to make a low of 4100 and then again recovering in the last hour again to close around 4150 around the same closing level of yesterday.European markets were trading low and effect of U.S markets sell off yesterday also didn't show any effect on indian market today.Selling pressure has been seen in bank, IT, auto, FMCG, power, capital goods and oil & gas.Maruti Suzuki lost too much in today's trading.Markets are near to one more big ressitance at 4220-4245 now and will be interesting to see tomorrow's trading.

Stock watch for the day:

ICICI Bank : This was given a sellc all with stop loss 645 for target 610 and it made 593

Following calls were given in yahoo messenger for clients:

Today clients have earned huge profits in my calls

Short Nifty Futures around 4150 with stop 4165 and nifty started sliding from 4138 itself to make 4100

Buy Nifty Futures around 4085 with stop 4065 and when it made 4140, gave cover order

Short India Info around 685 with stop 692 and it made 647...HUGE PROFIT

Buy Reliance Capital around 1115 with stop 1004 and it made just 1122 then hit the stop loss

Short Maruti around 594 with stop at 600 and it made 561...HUGE PROFIT

Short ONGC around 885 with stop 892 and it made 869...GOOD PROFIT

Buy Bombay Dyeing around 573 with stop 566 and it made 605...HUGE PROFIT

Buy Adlabs around 421 with stop 415 and it made 435...HUGE PROFIT

Market Outlook 10/07/08

Always remember that the future comes one day at a time....

It was a very good day for market yesterday and now near to crucial resistance at 4220-4245 and failure to cross this will invite heavy selling again.If the market opens low, buying will emerge from lower end.Higher levels are exerting pressure and lower level invite buying and this will continue today also.Oil prices remained a concern as they finished about where they began Wednesday after jumping more than $2 earlier on reports of lower U.S. oil stockpiles and an Iranian missile test settling at $136.05 a barrel on the New York Mercantile Exchange.The Dow fell 236.77, to 11,147.44 a day after rising more than 150 points.The dollar fell against other major currencies and Gold prices rose.Indian politics still not settled and even though Mulayam seems to have given his support to the government, there is not guarantee that government will survive and until the government prove their majority, uncertanity will continue in the market.For today, nifty above 4165 will face strong hurdle at 4220-4245 and below 4160 will have strong supports at 4115 and then 4060.

Stock watch for the day:

ICICI Bank (622): Short this stock around 630-635 with stop 645 for target 615-610

Intraday call performance 09/07/08

Good day for market today

Nifty opened high near the resistance levels of 4115 straight and then was very cautious-trading in a narrow range for most part of the day not moving anywhere ahead of nuclear deal signing and then in the late afternoon buying came in and lifted the market sentiments and nifty zoomed to make a high of 4169 and closed around that level in bullish mode due to crude oil prices cooling off and positive global cues and today's market movers were JP Associates, Reliance Infrastructure, Tata Motors, HDFC Bank, DLF, BHEL, L&T, TCS etc.

Following calls were given in yahoo messenger for clients:

Decent profits for clients today

Short Nifty Futures around 4090 with stop 4115 and it made 4050

Short ICICI Bank around 633 with stop 641 for target 616 and it made 621.8 short of 5 points and then altered stop to 633 and stop loss got hit

Short Nalco around 331 with stop 333.5 and the stop loss hit

Short Maruti around 590 with stop 598 for target 575 and it made 578

Buy ONGC at 873 with stop 865 for target 890 and it made 887

Buy SBI at 1230 with stop 1218 for target 1245 and it made exact 1245

Intraday call performance 09/07/08

Big day of nuclear signing today

Much awaited nuclear signing will bring in volatility in the market today and all dips should be used to buy until 3850 is saved and nifty above 4000 may directly test 4115 on upper side.All global factors are also positive and only concern is our political situation and if the government comes out with numbers, we are in for a market blast in coming day's.Moreover if the nuclear deal gets through, then all power stocks will be binifitted.Stocks like NTPC, Reliance Energy, Crompten Greeves, HCC, L&T, BHEL are all set to move up with this positive news for them.Crude prices tumbled $5.33 to settle at $136.04 a barrel on the New York Mercantile Exchange, bringing oil's two-day drop to more than $9.The Dow rose 152.25 to 11,383.21.Gold, silver, copper, corn and most other agriculture futures sank as oil fell. A rise in the dollar rose against other major currencies also made commodities less expensive.The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.Overall it's a buy on dips today for indian market.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 08/07/08

Market closing in cautious note after Left withdrawal announcement and ahead of nuclear deal signing

It was selling at opening bell today and nifty made a low of 3896 and high recorded waas 4028.Left parties finally announed they are withdrawing from the government today and market even after getting this news was not going down much and instead moved on the upper side crossing 4000 and closing around 4000 again.Volatility keep continuing in the market because of all these political news.Tomorrow is the big day of nulclear deal signing and if this gets through smoothly, again there will be buying from low's tomorrow.Better to adopt wait and watch policy now.Today selling was seen in oil refinery, technology, telecom, private banking, realty, FMCG, select power and auto stocks.Asian and European markets have collapsed like a pack of cards on account of renewed credit concerns in US and UK

Stock watch for the day:

Tata Power : This was given a short call with stop loss 1130 for targett 1045 and it made 1000 low

Following calls were given in yahoo messenger for clients:

Clients has a terrific day today with huge profits

Buy Nifty Futures around 3840 with stop 3820 and it made 3885 and gave cover order

Buy Nifty Futures around 3875 with stop 3860 and it made 3910 and gave cover order

Buy JSW Steel around 800 with stop 795 and it made just 806 and then stop loss hit

Short Reliance Industries around 1960 with stop 1975 for 1930 and it made exact 1930 ....good profit

Buy Adlabs around 377 with stop 372 and it made 398 ....huge profit

Buy India Info at around 595 with stop 585 and it made 624....huge profit

Buy Reliance Capital around 988 with stop 982 and when it made 1043, told to cover position ....huge profit

Buy RCom at 415 with stop 411 and when it made 420, told to cover position

Short Adlabs at 404 with stop 406.2 and it made just 401 and then small stop loss hit

Short Reliance Industries around 1980 with stop 1995 and when it made 1965, told to cover position