Intraday call performance 17/09/08

Market closing weak ahead of inflation figures tomorrow

Though It was positive opening today, nifty couldn't get past first resistance at 4120 and came down heavily towards 4020 and again recovered to make a high of 4075 and then crashed heavily to make a low of 3975 because of huge sell off in financial, realty, metal, FMCG, pharma, power, capital goods and few oil stocks and nifty closed weak at the end at 4008, down 66 points from the previous close.It was evident as told here that market is still not stable at higher levels.There might be more financial problems waiting to appear in U.S as well as Europe and Asia.The market breadth was negative with advances at 379 against declines of 883 on the NSE. Top Nifty gainers included Cairn, Tata Motors and ONGC while losers included Unitech, Sterlite and ICICI Bank.

Stock watch for the day:

Kotak Bank:This was given a buy call with stop loss 559 for target 582 and it made a high of 585

Following calls were given in yahoo messenger for clients:

It was a very good day of profits for clients

Buy Nifty Futures around 4120 with stop loss 4005 for target 4045-4070 and it made 4064 and gave exit call......HUGE PROFIT

Buy Nifty Futures around 3985 with stop loss 3979 and gave exit call around 3990, but it zoomed to 4025

Buy Kotak Bank at 562 with stop loss 559 for target 575-590 and it made 576......HUGE PROFIT

Short Suzlon around 201 with stop loss 202 for target 194 and it made 195......GOOD PROFIT

Short Reliance Capital around 1125 with stop loss 1135 for target 1095-1075-1050 and it made 1061......HUGE PROFIT

Short ONGC around 980 with stop loss 986 for target 960 and it made just 975 and then hit the stop loss

Short Reliance Infra at 840 with stop loss 844 for target 825 and it made 822......GOOD PROFIT

Short Renuka Sugars at 107 with stop loss 108.5 for target 103 and it made 102.5......GOOD PROFIT

Short Reliance Infra at 830 with stop loss 835.5 for target 815 and it made 824 and then gave cover order around 828

Market Outlook 17/09/08

As told, 3900 did hold the key

As expected 3900 was the key and for now nifty didn't break that and moved near to 4100.It was massive fall in 2-3 days because of Lehman brothers bankruptcy and the fact that it has its position in many of indian stocks, there might be one more fall after some raise in the market.On global front, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG and improve U.S economy and Barclays PLC said Tuesday it had agreed to acquire Lehman's North American investment banking and capital markets businesses for $250 million in cash and Federal Reserve Chairman Ben Bernanke and his colleagues decided to keep a key interest rate steady Tuesday.The Dow Jones industrials gained 141 points after the Fed's action soothed market anxiety over the financial system.So, on these positive cues indian market might move todaya nd if nifty gets past 4120 resistance it will zoom towards 4165 and then 4220 big resistance.On downside, below 4120 nifty has supports at 4040 and 3980.There might be gap up opening and caution is required as selling might again come from higher levels.Today's last hour action is very important also.

Stock watch for the day:

Kotak Bank (567): Buy this with stop los 559 for target 582-594

Intraday call performance 16/09/08

Market closing flat after initial fall

It was gap down opening today and nifty straight away tested strong support as mentioned here at 3900 making a low of 3919.Then later afternoon session saw severe buying whick took nifty to a high of 4090 then closed at 4074, up 2 points from the previous close.The market breadth was negative with advances at 356 against declines of 910 on the NSE. Top Nifty gainers included Tata Communications, BPCL, SBI and PNB while losers included ICICI Bank, Suzlon and Ranbaxy.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3995 with stop loss 4012 and told to cover position at 3970

Short Bank of India at 274 with stop loss 276 and it made just 272 and then hit the small stop loss

Short ITC 189.4 with stop loss 190 and it hit the small stop loss

Buy Reliance Infra at 808 with stop 805 and it made 814 and told to cover in profit

Short DLF at 405 stop 412 and it just made 401 and hit the stop

Short Reliance Infra around 810 with stop loss 816 and it made just 803 and then hit the stop loss

Short ICICI at 574 with stop loss 576 and told to cover anyhwere in profit in last hour and it made 568

Market Outlook 16/09/08

3900 will hold the key for the market now

It was a horror day for indian market as it crashed very heavily mainly due to 150 year old Lehman Brothers filing for bankruptcy.Lehman Brothers were holding shares in indian market also as FII's and these shares also witnessed huge crash.On global front it was real historic horror show as The Dow Jones industrial average lost more than 500 points its major crash since the day the stock market reopened after the Sept. 11, 2001, attacks.About $700 billion evaporated from retirement plans, government pension funds and other investment portfolios.The Dow industrials dropped 504.48 points to close at 10,917.51.Light, sweet crude for October delivery fell $5.47 to settle at $95.71 a barrel on the New York Mercantile Exchange - oil's first settlement under $100 since March 4.But this positive news of oil is not taken by the market as compared to financial crisis it is facing now.For today, nifty above 4080 will move towards 4120 strong resistance, where selling is again expected and if 4120 is crossed, then next strong resistance wil come only at 4165.On downside 3950 will be the support to watch out and then 3900 will be the strongest support and anytime this 3900 gets broken, then another huge crash might be witnessed in the market.

Stock watch for the day:

Today's calls only for clients

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