Intraday call performance 20/08/08

Market closing positive with low volume

Indian market started very positive above 4400 and was range bound for most of the morning session and trading volume was very low and then buying came in the later half of the afternoon session taking nifty to a high of 4435.Positive Asian and European cues was also being supportive for markets.Market major Reliance Industries and other R-Group stocks which started moving today was also a major boost to the market.The market breadth was positive with advances at 878 against declines of 371 on the NSE.Top Nifty gainers included SAIL, Reliance Communications and ABB while losers included ONGC, Suzlon and Cairn.Most active shares on the bourses were Reliance Industries, Reliance Comm, ICICI Bank, Reliance Infra and HDFC.Moving forward, nifty has to still cross two major resistances at 4440 and 4500 and if fails to cross any of these resistances, dowfall may start again.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4420 with stop loss 4440 and when it made 4400, told to cover the position

Short Nifty Futures around around 4332 with stop loss 4340 and it hit the small stop loss

Buy Sail around 141 with stop loss 139.8 for target 146-149 and it made 149.7

Buy Tata Power around 1024 with stop loss 1019 for target 1045-1060 and it made 1037

Short Infosys around 1700 with stop loss 1715 and it made 1686

Short Reliance Industries around 2240 with stop loss 2248 for target 2220-2200 and it made 2224

Short Kotak Bank around 580 with stop loss 584 and it made just 577 and then hit the stop loss

Market Outlook 20/08/08

Interesting day of trading ahead....!

It was a volatile day of trading for indian market yesterday and for today, it looks interesting though.On global scenario, cues are negative as The Dow fell 130.84 to 11,348.55, after losing 180 points on Monday. It was the worst two-day performance for the blue-chip index since late June and also Light, sweet crude for September delivery rose $1.66 to settle at $114.53 on the New York Mercantile Exchange, after alternating between positive and negative territory earlier in the day. The September contract expires Wednesday, adding to the volatility.In Indian market yesterday, FII's were net sellars of 475 crores in cash segments .For today, if market opens low, buying might come again from low with 4315 as support and if 4315 is broken, next strong support will be only at 4265.On upper side, nifty will face resistance at 4400 and 4440.So, for today the range to watch out for is 4315-4400.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 19/08/08

Nifty closing flat after recovery in last hour

As expected, nifty opened low breaking support of 4380 and was trading in a narrow range for most part of the day and then slided heavily to make a low of 4316.Weak global cues also played a key role in todays trade.Frontline indices had opened weak and traded sharply lower throughout the day due to renewed credit concerns in US financial space, which is not over yet.
On the global front, Asian markets and Europian market ended in negative terrain.In the last hour of trading buying came in again pulling market up again and closing little down from yesterday's close. The market breadth was negative with advances at 461 against declines of 775 on the NSE. Top Nifty gainers included Hindalco, RPL and ICICI Bank while losers included ACC, Idea and Maruti.

Stock watch for the day:

Sail :This was given a short call with stop loss 143.5 for target 136 and it made just 137.9

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4375 with stop loss 4385 and it made 4364 and then hit the stop loss

Short Nifty Futures around 4380 with stop loss 4390 for target 4360-4340 and it made 4330

Short Tisco around 598 with stop loss 603 and stop loss hit

Short Reliance Industries around 2220 with stop loss 2230 and it made just 2212 and then hit the stop loss

Short Sail around 142 with stop loss 143 for target 136 and it made just 140 and then small stop loss hit

Short Reliance Industries around 2230 with stop loss 2250 for target 2200-2175 and it made 2195

Short Reliance Capital around 1275 with stop loss 1280 for target 1250 and it made 1245

Short Bombay Dyeing around 536 with stop loss 540.5 and smal stop loss hit

Market Outlook 19/08/08

Gap down opening expected

Well, it was a weak market yesterday with nifty breaking down and just saving the crucial support of 4375.But, today, this might be well broken in low opening itself and next support will be at 4340 and the most crucial is at 4265.On global scenario, he Dow Jones industrial average fell 180.51 to 11,479.39. The Dow had been down about 225 points at its lows of the session.Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.Oil prices declined slightly after briefly jumping above $115 per barrel as Tropical Storm Fay approached Florida, but appeared unlikely to disrupt installations in the Gulf of Mexico. Light, sweet crude fell 90 cents to settle at $112.87 a barrel on the New York Mercantile Exchange, after rising as high as $115.35.On Monday, the dollar was mixed against other major currencies, while gold prices rose.For today, nifty will face resistance at 4405 and then at 4450.

Stock watch for the day:

SAIL (140): Short this with stop loss 143.5 for target 136-134.

Intraday call performance 18/08/08

Market closing in red again..

Today Market opened flat and remained rangebound just above 4400 and later on it tried crossing 4440 crucial resistance, but failed to stay above that and came down heavily to make a low of 4380 and weak Asian and European markets also fueled to negative sentiments of the market and closed at 4393, down 37 points from the previous close.The market breadth was negative with advances at 372 against declines of 889 on the NSE. Top Nifty gainers included HDFC, Dr Reddy's, Satyam and L&T while losers included Gail, Grasim, Hindalco, Reliance Comm, and ABB.

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients

Short Nifty Futures around 4445 with stop loss 4455 and it made 4422

Short Sail around 142 with stop loss 143.2 and when it made 138, gave cover call

Buy Bajaj Hindustan around 176 with stop loss 175.5 and it made just 179 and then hit the stop loss

Short India Info around 153 with stop loss 155.5 for taregt 146-142 and it made 143.2

Short Reliance Infra around 995 with stop loss 1000 for target 970-953 and it made 963

Short SBI around 1455 with stop loss 1465 for target 1430 and it made exact 1430 target

Buy Reliance Industries around 2215 with stop loss 2204 for target2250 and when it made 2244, gave cover call

Market Outlook 18/08/08

Market at crucial supports now..!

Nifty has broken all in between supports on thursday and made a low of 4421 and now that Inflation data also released on thursday showed further jump in numbers to record 12.44..! On global front, The Dow Jones industrial average rose 43.97 points to 11,659.90.The price of oil fell $1.24, or 1.1 percent, to settle at $113.77 a barrel.The dollar's recent jump suggests to some that the health of the U.S. economy could improve. For today, if nifty remains below 4440, it will first test 4400 and then will slide to strong support level of 4375.If nifty breaks 4440 on upper side, it will restest it's resistance at 4485 and unable to cross will invite heavy selling again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 14/08/08

Market closing in deep red

As expected and told here, market broke 4500 and played around the strong support area of 4470 and once it broke this support, it was obvious of going towards 4440 and 4400 and nifty did make a low of 4421 and closed at 4430, down 98 points from the previous close.It seems that local traders likely to unwind their positions ahead of long weekend.The market breadth was negative with advances at 256 against declines of 1011 on the NSE.Top Nifty gainers included Infosys, Satyam and Cairn while losers included DLF, PNB, Bombay Dyeing and Unitech.On the global, Asian markets closed mixed while while European markets stayed firm

Stock watch for the day:

Adlabs :This was given a short call with stop loss 565 for target 530 and it made 511

Following calls were given in yahoo messenger for clients:

Gave an early call to quit intraday today with whatever profits

Short nifty futures around 4480 stop 4496 for target 4460-4450 and it made 4456

Buy Nifty Futures around 4570 with stop loss 4550 for target 4620 and told to cover anywhere between 4490-4500

Buy Reliance Infra around 1004 with stop loss 990 for target 1020-1040 and it made 1017

Buy Reliance Capital around 1355 with strict stop loss 1347 for target 1390 and it hit the small stop loss

Buy TV18 at 248 with stop 245 and it made 250 and then hit the stop loss

Buy India Info at 156 with stop loss 154.5 and it made 158

Buy Kotak Bank at 625 with stop 620 and it made 632