Intraday call performance 12/08/08

Markets closing in red ahead of crucial SEBI meet tomorrow

Though market started very positive above 4600 and nifty even made high of 4650, it couldn't sustain the momentum as market started sliding down in expectation of IIP numbers announcement at 12 P.M and made low of 4560 and then picked up again after IIP numbers came out at 5.4% and later again started sliding digesting the IIP numbers and closed weak. Experts on the market feel all eyes are on the crucial SEBI meet tomorrow.Nifty closed at 4552, down 68 points from the previous close.The market breadth was negative with advances at 401 against declines of 858 on the NSE. Top Nifty gainers included BPCL, Siemens and Cairn while losers included Tata Steel, Maruti and HDFC.On the global front, Asian markets ended weak.Below 4540 nifty will remian weak and only positive factor of today was of Reliance Industries breaking its long time resistance of 2350.

Following calls were given in yahoo messenger for clients:

A very good day of trading for all my clients

Buy Nifty Futures around 4625 with stop loss 4619 and hit the small stop loss

Buy Nifty Futures around 4585 with stop loss 4570 and stop loss hit

Short SBI around 1585 with stop loss 1600 for target 1550-1525 and it made exact second target at 1525....HUGE PROFIT

Buy Siemens around 565 with stop loss 559 for target 575-583 and it made 581....HUGE PROFIT

Short G.E Shipping around 402 with stop loss 405.5 for target 396-390 and it made 391....HUGE PROFIT

Buy Reliance Industries around 2325 with stop loss 2310 for target 2365 and it made 2365....HUGE PROFIT

Buy Adlabs around 551 with stop loss 547 for target 565 and it made just 553 and hit the stop loss

Short Adlabs around 554 with stop loss 557.2 for target 540 and it made 542....GOOD PROFIT

Market Outlook 12/08/08

Watch out for 4635 Nifty Spot

It was a very good day of trdaing for the market yesterday as also nifty closed above 4600 and today is an important day for the market.On the global front, After falling nearly $10 a barrel last week, light, sweet crude for September delivery fell another 75 cents to settle at $114.45 a barrel after briefly dropping below $113 a barrel mark, on the New York Mercantile Exchange. It was the lowest close since May 1.The dollar held at around 110 yen. A weak dollar helped boost oil prices earlier this year, because dollar-denominated commodities are often used as hedges against inflation and a falling U.S. currency.The Dow Jones industrials, up more than 130 points in afternoon trading, ended the day up 48.03 at 11,782.35 after crude oil prices pulled off their lows and the Federal Reserve said more banks are tightening lending standards.Europian markets also closed marginally up.For today, if nifty breaks above 4635 only further upmove will be witnessed which may take nifty towards 4670 solid resistance where heavy selling might be witnessed and if nifty fails to cross 4635 or stays below 4635, it will slide down to test 4575 support and break of which will take it to 4535.

Stock watch for the day:

Today's calls only for clients

intraday call performance 11/08/08

Market closing the day very strong

As expected, market opened very strong above 4600 and was struggling to cross the first resistance at 4640 and was trading range bound till afternoon first session and then buying came in and market closed very strong at 4620, up 90 points from the previous close.The cracking of crude oil price and positive European cues also helped markets to remain strong.IIP numbers are expected to be around 5.6% (which will be announced on Tuesday) as against 3.8%, as per CNBC-TV18 poll. This was also supporting markets a bit.The market breadth was positive with advances at 879 against declines of 382 on the NSE. Top Nifty gainers included Unitech, Maruti and ICICI Bank while losers included Sterlite, TCS and Tata Steel.

Stock watch for the day:

Adlabs :This was given a buy call with stop loss 550 for target 575-580 and it made 576

Following calls were given in yahoo messenger for clients:

It was a very good day of decent profits for clients

Short Nifty Futures around 4614 with stop loss 4619 and it made 4591....Good Profit

Short TCS around 850 with stop loss 856 for target 832 and it made 824....Very Good Profit

Short Wipro around 443 with stop loss 446.5 for target 430 and it made 431....Very Good Profit

Short Tisco around 663 with stop loss 666 for target 650 and it made 642....Very Good Profit

Short Reliance Industries around 2325with stop loss 2340 for target 2280 and it made just 2308 and gave cover order around this rate

Market Outlook 11/08/08

Global cues to boost indian market today

Indian market will take the positive cues from global market and expected to open high above 4540 today as The Dow Jones industrial average rose 302.89 points to 11,734.32 and Crude prices declined 7.9% for the week at Friday's settlement to $115.20 per barrel. They are now down 22% from the high they hit July.Europian markets have also ended positive.For today, the most important level for nifty is 4640 and if it doesn't break above this level, then selling will come at higher levels again and if breaks above 4640 buying will be more severe and nifty can even go to 4700 and on downside, very good supports will be at 4540 and 4460.Strange thing in indian market is still FII's are not coming in full numbers for buying.This week trading is very interesting as to see where this bull move will end.


Stock watch for the day:

Adlabs (559): Buy this stock with stop loss 550 for target 575-580

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