Intraday call performance 08/08/08

Market ending flat again due to lack of buyers

Weak global cues made indian market also open weak with more sellers emerging in the morning session and it was only in the afternoon session buying came in again from low and market closed flat with Nifty closing at 4529, up 5 points from the previous close.The market breadth was negative with advances at 596 against declines of 654 on the NSE.Good buying interest was seen in capital goods, metal, banking and power stocks while selling in technology, realty and select FMCG stocks.Top Nifty gainers included Sterlite, ONGC and Cipla while losers included Cairn, BPCL and Wipro.The Asian markets closed mixed while Europe was trading flat

Following calls were given in yahoo messenger for clients:

It was a good day for the clients today

Short Nifty Futures around 4520 with stop loss 4535 and gave cover order at 4470....VERY GOOD PROFIT

Short Siemens around 550 with stop loss 555 for target 540 and it made 540

Buy Reliance Infra around 1000 with stop loss 989 for target 1030 and it made 1039

Buy J.P Associates around 179 with stop loss 176 for target 185 and it made 185

Market Outlook 08/08/08

Market may open gap down today

It was severe volatile day yesterday as nifty was swinging between 4500 support and 4600 resistance area's and for today all global cue are negative and over that India's annual inflation has come in at 12.01% for the week-ended July 26, slightly above the previous week's annual rise of 11.98%. It's the highest inflation in the last 13 years.
Light, sweet crude for September delivery rose $1.44 to settle at $120.02 a barrel on the New York Mercantile Exchange, halting a steep three-day slide on expectations a one million barrel per day pipeline that supplies Western countries was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks.The Baku-Tbilisi-Ceyhan (BTC) oil pipeline, which pumps the more than 1 percent of world supply from fields in the Azeri sector of the Caspian Sea to the Turkish Mediterranean coast, was still ablaze after the Tuesday night explosion.The Dow fell 224.64, or 1.93 percent, to 11,431.43. It was the Dow's sixth triple-digit move in the past two weeks, illustrating how commonplace big swings in the indexes have become amid investors' uncertainty about the economy.For today, nifty below 4500 will go straight to 4460 and then 4432 is the support area.Above 4500, nifty willl face first resistance at 4530 and then 4580.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 07/08/08

Volatile market ending flat

Though market started above 4500, it was trading in a narrow range in the begining and then buying came in which took nifty near 4600 again making a high of 4580 and Then market witnessed profit booking in last hour of trade and closed flat at 4523 up 6 points from the previous close.Too volatile day for the market today.The market breadth is still positive with advances at 645 against declines of 617 on the NSE. Good buying interest was seen in auto, IT, metal, bank, and realty stocks.Inflation figures will be announced todya evening.Top Nifty gainers included Sterlite, Dr Reddy and Tata Motors while losers included BHEL, Bharti Airtel and Reliance Communications

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4525 with stop loss 4545 and it hit the stop loss

Short Nifty Futures around 4550 with stop loss 4565 and it hit the stop loss

Short Tisco around 654 with stop loss 662 and it hit the stop loss

Short SBI around 1525 with stop loss 1545 and it made just 1515 and then hit the stop loss

Short Wipro around 461 with stop loss 465.2 for target 445 and it made 446....VERY GOOD PROFIT

Short Tisco around 662 with stop loss 666 for target 645-632 and it made 636....VERY GOOD PROFIT

Short India Info around 750 with stop loss 756 for target and it made 724....VERY GOOD PROFIT

Market Outloook 07/08/08

Market around support area again

Market wintenessed heavy profit booking in the last hour yesterday and made nifty to come back to 4500 level from high of 4616 level.It seemed like indian market is tired of going up as has been doing for some days and seems like corrections taking place before it starts its upmove gaain.On the global scenario, cues are still positive with Light, sweet crude for September delivery finishing the session down 59 cents at $118.58 a barrel on the New York Mercantile Exchange. It was crude's lowest settlement price since May 2; prices earlier fell as low as $117.11, a $30, or 20 percent, drop from their trading high of $147.27, reached July 11.The Dow Jones industrial average rose 40.30 to 11,656.07, after having been down nearly 100 points early in the session.Reliance might play an important role today as yesterday it again came back from resistance level of 2350 as been told here and was never able to cross that even in gap opening..! For today, 4500 will be major support and remian above that nifty will move towards first resistance point at 4555 and then again 4600 will be tested again.On lower side break below 4500 might make nifty to test support at 4440.Higher levels selling will come again today for sure.Don't go for blind selling if there is a gap down opening.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 06/08/08

Market facing profit booking in the last hour

As expected market opened with gap up and made a high of 4615 and then faced selling slowly and in the last hour it was huge profit booking that even broke strong support at 4540 and made a low of 4504.Reliance Industries as mentioned here failed to cross 2350 ressitance again and closed below 2300 today.Buying was seen in auto, capital goods, technology and FMCG stocks while sell off seen largely in banks, metals, power and real estate stocks at institutional desk. On the global front, Asian markets ended higher following sharp run up in US markets and The European markets also were trading higher.Top Nifty gainers included Maruti, Tata Motors and TCS while losers included HCL Technologies, Tata Steel and SAIL.Nifty closed at 4517, up 14 points from the previous close.The market breadth was negative with advances at 567 against declines of 704 on the NSE

Stock watch for the day:

India Info :This was given a buy cal with stop loss 720 for target 780 and it made 775 and then faced selling to make a low of 696

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4560 with stop loss 4548 for target 4620 and gave cover call around 4620....HUGE PROFIT

Buy Essar Oil around 242 with stop loss 237.5 for target and it made just 244 and then hit the small stop loss

Buy DLF around 564 with stop loss 558 and it made just 568 and then hit the stop loss

Buy JP Associates at 190 with stop loss 188 and it hit the small stop loss

Short SBI around 1615 with stop loss 1630 for target 1560 and it made 1507....HUGE PROFIT

Buy Reliance Capital around 1430 with stop loss 1415 and it hit the stop loss

Buy Reliance Infra around 1040 with stop loss 1030 for target 1060 and it mae 1057....GOOD PROFIT

Market Outlook 06/08/08

Gap up opening expected today

It was a huge day for indian market as nifty witnessed huge buying from lower levels and closed well above 4500 and on global scenario, DOW jones gained huge 331.62 points closing at 11,615.77 after the Federal Reserve left interest rates unchanged as expected and told here and rduced some of the market's fears about the economy.he oil market also helped soothe some of Wall Street's worries. crude fell as low as $118 a barrel before settling at $119.17, down $2.24 on the New York Mercantile Exchange.With all global cues positive, indian markets may open with huge gap up today and maybe previous resistance of 4540 will be crossed in the opening bell itself and here interesting point is of Reliance Industries-which may again test its strong resistance of 2350 once gets past 2280 mark and if it breaks 2350, it's a huge plus point for indian market as well.For today, nifty above 4540 may well test 5600 first and then crucial resistance at 5650 will be tested and crossover straight 5700.On downside, below 4500 strong support is at 4440.Overall huge day for indian market today and those who have baught BTST may well enjoy gap up in those stocks.

Stock watch for the day:

India Info (739): Buy this at dips with stop loss 720 for target 765-780

Intraday Call Performance 05/08/08

Market witnessing huge buying interest..!

It was a quiet start above 4400 for nifty in the morning and then went down belwo 4400 to make a low of 4376 and then picked up as expected with Reliance taking charge again as nifty then broke 4440 resistance and made a high of 4515.Crude oil drop was very good for the market.Top Nifty gainers included HCL Technologies, ICICI Bank and DLF while losers included Sterlite Industries, Cairn and Tata Steel.The Asian markets closed in the negative while European markets were in the positive.Nifty at 4508, up 112 points (provisional) from the previous close.The market breadth was very strong with advances at 862 against declines of 396 on the NSE

Stock watch for the day:

Reliance Industries: This was given a short call below 2280 for target 2200 and it made 2205 first and then picked up later....HUGE PROFIT

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4414 with stop loss 4422 and stop loss hit

Short Nifty Futures at 4430 with stop loss 4450 and gave cover order at 4380....Good Profit

Short Nifty Futures around 4464 with stop loss 4476 and it made 4454 and then hit the stop loss

Risk Takers can Short Nifty around 4523 with stop loss 4529 and it made 4509

Short Reliance Energy around 1014 with stop loss 1021 and it hit the stop loss

Short ICICI Bank around 652 with stop loss 660 and it hit the stop loss

Short SBI around 1550 with stop loss 1561 and it made just 1537

Buy Essar oil around 235 with stop loss 234 and it made 239 and gave cover order around 239

Buy Reliance Indutries around 2215 with stop loss 2200 for target 2278 and gave cover order exactly at 2278...HUGE PROFIT