Intraday call performance 15/09/08

Huge crash in the market because of U.S financial crisis

Market witnessed strong crash as Lehman Bros filed for bankruptcy and Merrill Lynch was sold to Bank of America.Bankruptcy represents the end of a 158-year old company that survived world wars and the collapse of Long-Term Capital Management, but could not survive the global credit crunch.It was direct crash for nifty as it broke 4200 and fell straight to 3955 !! Europian market also traded in deep red.Market recovered a bit in the last hour as Nifty closed at 4072, down 155 points from the previous close.It was horrible day for indian market today and crude oil sliding below $100 also didn't help indian market.Buying interset seems to have gone as buyers were very less even in this deep cut and though markets are oversold, any raise seems to be only for coming out of long position now.The market breadth was negative with advances at 90 against declines of 1198 on the NSE. Top Nifty gainers included Maruti, HDFC, BPCL and ACC while losers included Reliance Infrastructure, Ranbaxy, Unitech and Cairn India.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures at 4000 with stop loss 3980 and it hit the stop loss

Short Nifty Futures around 4010 with stop loss 4023 for target 3970 and it made 3971

Short Nifty Futures around 4045 with stop loss 4062 for target 4000 and it made 4008

Buy Aban LLoyd around 2200 with stop loss 2190 and it just made 2210 and then hit the small stop loss

Short Bank of India around 267 with stop loss 269 and it made just 265.6 and then hit the small stop loss

Short Reliance Infra at 828 with stop loss 833 and it made 816

Short India Info around 114 with stop loss 115.2 and it made jusr 112.5 and gave cover order around 114

Buy Bank of India around 266 with stop loss 264.9 for target 274 and it made 277

Market outlook 15/09/08

Market is at huge support area now

Market at huge support area now and break beyond these levels might be another huge crash.On global front, The Dow Jones industrial average fell 11.72 to 11,421.99.Bank of America Corp. has agreed to buy Merrill Lynch & Co. for about $44 billion, or around $29 a share, according to The Wall Street Journal.Merrill has reported four straight quarterly losses, and its stock has been sliding.The price for a barrel of light, sweet crude tumbled $2.43 to $98.75. So, for today in indian market nifty above 4250 will find resistance around 4280 where heavy selling might come and if 4280 is broken it will find another big resistance around 4325.If nifty breaks 4200, things might become very very bearish and will be interesting to see if 4165 support holds any meaning or not ! But, one is adviced not to go for blind selling if there is huge gap down opening.In coming day's nifty breaking 4200-4165 might go straight to 4000-3900 straight.Delhi bomb blast and other negative factors also will add to the bearish trend of the market.Anyway's will be interesting to watch the week begining today.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 12/09/08

Market crash taking nifty straight to major support level

It was selling at opening bell today and nifty took a heavy pounding straight away testing the major support at 4200.Today it was combined effect of heavyweights Reliance Industries, Infosys, Ongc, ICICI Bank and HDFC which was dragging the market down.Global cues were positive today and when good IIP numbers were announced, some buying came in, but couldn't sustain at higher levels again and collapsed later.Nifty closed at 4228, down 61 points from the previous close.The market breadth was negative with advances at 259 against declines of 1003 on the NSE. Nifty gainers included Nalco, Maruti, SAIL and BHEL while losers included Reliance Infrastructure, Infosys, DLF, HDFC, ONGC and ICICI Bank.Market still not able to sustain at higher levels these day's.

Stock watch for the day:

Reliance Infra : This was given a buy call with stop loss 985 for target 1015 and it opened with target and then crashed going below 985

Following calls were given in yahoo messenger for clients:

It was fantastic profits for clients today

Buy Nifty Futures around 4265 with stop loss 4250 for target 4300 and it made 4320....HUGE PROFITS

Buy Bank of India around 282 with stop loss 280.5 and gave cover order around 291-292....HUGE PROFITS

Buy Reliance Capital around 1220 with stop loss 1210 for target 1250-1265 and it made 1264....HUGE PROFITS

Short HDIL at 284 with stop loss 286 for target 278 and it made 281 and then hit the small stop loss

Buy kotak Bank around 594 with stop loss 590 for target 610 and it .made 608....GOOD PROFITS

Short Bank of India around 291 with stop loss 292.5 for target 284 and it made 284.6....GOOD PROFITS

Short Reliance Infra around 985 with stop loss 989 for target 945 and it made 918....HUGE PROFITS

Market Outlook 12/09/08

Positive global cues may help indian market today

Market again broke important support at 4280 yesterday and closed at 4290 and inflation figures released yesterday evening came at 12.1 % from 12.34 % a week earlier and is little positive for the market and even the global cues are very positive today and this may help india market also to pick up from here.But will be very interesting to see how it reacts at important resistances from here on.On global front, Dow Jones industrial average rose 164.79 to 11,433.71, after falling by as many as 170 points in the early going.Light, sweet crude fell $1.71 to settle at $100.87 a barrel on the New York Mercantile Exchange and with these many positive cues, indian market also has to pick today and nifty above 4300 will move to first resistance at 4325 and then will face strong resistance at 4365 and failure to crossover will invite selling again and if gets through that, then it will move to 4380-4400 level.Overall an interesting day today.Downside, if nifty breaks 4280-supports are at 4235-4200.

Stock watch for the day:

Reliance Infra (992): Buy this with stop loss 985 for target 1015-1030.If it is below 985, it is not a buy

Intraday call performance 11/09/08

Nifty in deep red as expected

It was gap down opening today below 4380 and never recovered from there and then broke even strong support of 4280 in the last hour of trading and closed at 4290, down 109 points from the previous close.Even the asian and Europian market was trading in deep red.Today's inflation figures announcement in the evening is anxiously awaited now.Market mover Reliance Industries again took the initiative in dragging the market to deep red today.In the afternoon session, market was playing in narrow range as it approached strong support at 4280 and then suddenly this support was broken, but interestingly didn't plunge too much towards the end.The market breadth was negative with advances at 263 against declines of 1000 on the NSE. Top Nifty gainers included Tata Motors and PNB while losers included Reliance Industries, Zee Entertainment, Reliance Infrastructure, Suzlon, HCL Technologies and Bharti Airtel.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4365 with stop loss 4375 and told to cover position around 4295 with huge profit

Short Reliance Capital around 1325 with stop loss 1340 and it made 1258 short of target given at 1250

TCS now at 845 will hit 830 below 850 and it made low of 829

Buy Bank of India around 290 with stop loss 288 for target 297 and later told to cover position around 289

Short JSW Steel around 672 with stop loss 676 for target 660 and it just made 665 and then stop loss hit

Buy Aban around 2335 with stop loss 2330 for target 2365 and it made just 2345 and then hit the small stop loss

Buy Kotak around 603 with stop loss 598 for target 615 and made just 609 and told to cover position in profit in last hour

Market Outlook 11/09/08

Inflation figures announcement in th evening may bring in volatility

It was another bad day for indian market yesterday as it crashed to its strong support at 4380, but never broke it.Well, it would be very interesting to see nifty today as in the morning session if 4380 is still held it can move up to test 4440 resistance again and failure to break will come down to retest 4380 and break will be very bad.On global front, Dow Jones industrial average rose 38.19 to 11,268.92 after dipping briefly into negative territory, rising by nearly 150 points, and then pulling back again.Lehman shares fell another 54 cents to close at $7.25, after plummeting 45 % on Tuesday.Bank and brokerage stocks finished mostly lower after Lehman Brothers Holdings Inc. said it plans to sell a majority stake in its investment management business and spin off its troubled mortgage assets.Light, sweet crude fell 68 cents to settle at $102.58 per barrel on the New York Mercantile Exchange.For today, in indian market nifty above 4400 may test 4440 resistance and if doesn't cross, will come back again to retest 4380 and break of 4380 will take it t0 4325 support.Today evening, inflation figures will be announced and market may be cautious and last hour may turn volatile again.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 10/09/08

Market breaking strong support and in deep red

Market opened weak below yesterday's close with weak global cues and was range bound in the morning session and then later on selling came in severely to make a low of 4382 and then close at at 4400, down 68 points from the previous close.
The market breadth was negative with advances at 338 against declines of 933 on the NSE.Midcap and Small cap stocks were also under pressure.Top Nifty gainers included Suzlon, Hero Honda and ACC while losers included Sterlite, SAIL and Tata Steel.Europe was trading weak and Asian market was trading mixed today.Now break below 4380 will take nifty towards 4300 and for tomorrow 4440 will act as hurdle again.

Stock watch for the day:

India Info: This was given a short call with stop loss 141.5 for target 130 and it made a low of 129

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4460 with stop loss 4475 and it made 4446

Short Bank of India at 287 with stop los 289.2 and it made just 284 and then hit the small stop loss

Buy Kotak Bank around 608 with stop loss 600 for target 625 and it made 624

Reliance infra at 1078 and staying below 1090 will hit 1060 and 1035 and it made a low of 1018

Short Bank of India at 290 with stop loss 292.2 and it hit the small stop loss

Short TCS at 868 with stop loss 871 for target 850 and it made 848

Short DLF around 508 with stop loss 512.4 for target 495 and it made 496

Short Reliance Capital around 1335 with stop loss 1346 for target 1310 and it made 1317