Intraday Call performance 29/09/08

Indian market collapse and recover at the end

Nifty straight away broke 3970 strong support and broke down heavily to make a low of 3777-which will now provide as support for further upward move.Market recovered a bit at the last hour to take nifty above 3800 and closed at at 3850, down 135 points from the previous close.European and Asian markets saw huge sell off today.European government has rescued two financial firms namely Bradford & Bingley and Fortis & Hypo Real Estate Holding. Fortis was the first firm, which were caught in credit crisis in the Europe.Huge selling was witnessed in Realty, banking, technology, power, telecom, capital goods, metal and auto stocks.Today's low of 3777 will be very important for future market movements.The market breadth was negative with advances at 100 against declines of 1185 on the NSE. Top Nifty gainers included BPCL, SAIL and Tata Communications while losers included Reliance Industries,Suzlon, Jaiprakash Associates, ICICI Bank and Idea.

Following calls were given in yahoo messenger for clients:

It was day of huge profits for all my clients

Buy Nifty Futures around 4935 with stop loss 4930 and it just made 4948 and then hit the small stop loss

Short Reliance Industries around 1960 with stop loss 1972 for target 1900-1870 and it made a low of 1881....HUGE PROFIT

Buy Bank of India around 269 with stop loss 267 for target 276 and it made 271 and then hit the small stop loss

Short Reliance Infra around 838 with stop loss 844 for target 820 and break below free fall and it made 772....HUGE PROFIT

Short Reliance Capital around 1110 with stop loss 1126 for first target 1090 and it made 1057....HUGE PROFIT

Buy Bank Of india around 264 with stop loss 263 for target 273 and it made 273.5....GOOD PROFIT

Market Outlook 29/09/08

Market may show some recovery today

Though market crashed on friday and closed below 4000, we have some positive news in nuclear deal today as mentioned on friday (123 agreement) and if nifty holds on to support 3970 today, it might move up and there might be gap up opening also.
On global front, The Dow Jones industrial average rose 121.07 to 11,143.13 and though there are still concerns about U.S governments bail out plans, sentiments are little positive now.Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration. The biggest U.S. bailout in history won the tentative support of both presidential candidates and goes to the House for a vote Monday.The final result of this bail out plan will be seen in few more months and will be interesting to see how the financial sectors perform henceforth.In indian market today, if nifty moves above 4000, it will face resistance around 4040 and then 4065 and if these are taken off then it can move to test 4115 straight.There might also be gap up opening today and even if there is gap down opening, there might be recovery coming in later.Only if nifty stays below 3970, things might get weak.

Stock watch for the day:

Today's calls only for clients

Market closing below 4000 ...!!

Market went down straight away in the morning session itself breaking 4070 support and went to 4000 as told here and later it even broke 4000 to make a low of 3970.As expected and told day before, market mover Reliance Industries broke 2000 to make a low around 1950 and along with that took the market also crashing downwards today.Though market recovered a bit in the late afternnon session, it again fell from there and went down crashing in the final hour of trading.Realty, metal, banking, capital goods, power, technology, auto, oil and telecom stocks witnessed huge selling today.Asian and European market also witnessed huge sell off and that also effected indian market sentiments today.The market breadth was negative with advances at 126 against declines of 1148 on the NSE. Top Nifty gainers included Tata Communications, ITC and ACC while losers included Reliance Industries, ICICI Bank, Infosys, L&T, HDFC, HDFC Bank, SBI, ONGC, BHEL, NTPC and Reliance Communication.

DUE TO MAJOR POWER BREAKDOWN TODAY, COULDN'T GIVE CALLS TO CLIENTS TODAY AND I REGRET FOR THAT

Market Outlook 26/09/08

India-U.S 123 agreement will come into picture now !

It was quiet ending of september month F&O contract expiry as nifty closed negative again.On global scenario, The Dow rose 196.89 to 11,022.06.The dollar was mixed against other major currencies Thursday, while gold prices fell.Light, sweet crude for November delivery rose $2.29 to settle at $108.02 a barrel on the New York Mercantile Exchange.Stock market investors got a lift when key lawmakers said they would present the $700 billion plan to the Bush administration and hoped for a vote by both houses of Congress within days.In indian market, nifty has made a low of 4077 and if this is not broken, it may act as support for the upmove now and if nifty breaks 4115, it will move towards 4130-4140 big resistance and if this resistance is not broken, again higher level selling will come and if this resistance is broken, nifty may move still higher and today's closing is also important and now the news of indo-U.S 123 agreement making rounds again and signing this before monday may again pull the market up above 4200 and maybe one more chance for traders to go short at higher levels ! This 123 agreement is nothing but agreement between U.S and india regarding nuclear power, testing etc.Under the agreement India will be able to develop a strategic reserve of nuclear fuel to guard against any disruption of supply over the lifetime of its nuclear power reactors.So, this will be positive for the market and how far this can lift the market when the agreement is signed (expected before monday) remains to be seen.Sectors like BHEL, L&T, Rolta, NTPC etc will be in focus again.Overall interesting days of trading again.Watch out for today's closing and dont be surprised if there is gap up opening on monday if this agreement is signed before monday.For today, if nifty breaks 4070 it will be bad for the day as nifty might go towards 4000 and be cautious if there is gap down opening as recovery is also possible from lower end.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 25/09/08

Market closing on negative note as expected

Today market started trading negative right from opening and never recovered well and nifty closed at 4102, down 58 points from the previous close .Reliance Industries is dragging the market most of the time and today also it slipped below 2000 showing weekness.Huge selling was seen in power, telecom, technology, realty, oil and banking stocks.The market breadth was negative with advances at 364 against declines of 879 on the NSE.Much expected volatility was not there this time around but market was weaka nd was facing selling at every raise.In the final hour though, some buying came in due to expiry to take nifty above 4100, but at close was looking bearish again.

Following calls were given in yahoo messenger for clients:

Clients had a decent day of good profits today

Short Nifty Futures around 4155 with stop loss 4173 for target 4110-4085 and it made 4080 and told to cover positions....HUGE PROFIT

Short Reliance Capital around 1242 with stop loss 1262 for target 1220-1180 and it made 1182....HUGE PROFIT

Short Reliance Infra around 882 with stop loss 891 for target 855-840 and it made 861....HUGE PROFIT

Short Bank of India around 284 with stop loss 287 for target 276-270 and it made 278....GOOD PROFIT

Short Kotak around 595 with stop loss 602 for target 580-565 and it made 585 and told to cover position....GOOD PROFIT

Market Outlook 25/09/08

High volatile market today

Though market rallied yesterday, it was clearly seen the higher level pressure around 4200 and as told you all, it is definitely looking like moving below 4100 anytime.On global scenario, The Dow Jones industrial average fell 29.00 to 10,825.17.Light, sweet crude for November delivery fell 88 cents to settle at $105.73 a barrel on the New York Mercantile Exchange.Investors are still confused on the U.S plans of huge bail out in finance sectors.In indian market today, one can witness high volatility due to expiry of September month F&O contract.If nifty moves above 4180, it will retest 4210 resistance again and if crosses, 4240 will be tough resistance to cross and on downside, break below 4140 can take it towards 4115 first and then 4090.Get ready for last hour volatile trading today.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 24/09/08

Market closed with gains but still bearish

Market had good rally today since morning session,but selling at higher level continued today also.Nifty made a high of 4208 and then came down and closed at 4161, up 34 points from the previous close.The market breadth was positive with advances at 674 against declines of 576 on the NSE. Top Nifty gainers included Sterlite, Nalco and HDFC Bank while losers included Wipro, Unitech and Idea Cellular.Tomorrow's expiry will bring in lot of volatility again and though market gained and closed positive, it is still looking bearish.

Stock watch for the day:

Reliance Capital :This was given a short call below 1250, but this went past 1250 in the morning session itself and then once it broke 1250, it did make 1219 low.

Today no calls were given to clients due to some emergency work