Intraday call performance 01/10/08

Market closing bullish ahead of trading holiday tomorrow

Though market started in negative mode in the morning session, recovery came in the later session to pull the market up like yesterday as nifty made a high of 4000 and then again in the last hour profit booking came in.But volatility was seen today as expected ahead of trading holiday tomorrow.Today it was the day of IT stocks which puled the market, though market mover Reliance Industries closed negative.Buying was also seen in telecom, FMCG, power, pharma and few metal stocks and also selling was seen in realty and few oil stocks.Today's U.S market will be of utmost interest and important also for indian market opening on friday.Nifty closed at 3950, up 29 points from the previous close.The market breadth was positive with advances at 772 against declines of 477 on the NSE. Top Nifty gainers included Satyam, HDFC Bank, Tata Power while losers included SAIL, L&T and Reliance Industries.

Stock watch for the day:

Reliance Infra :This was given a short call with stop loss 820 for target 760 and it made a low of 761 and high of 818.7

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3880 with stop loss 3902 and it made 3865

Short Nifty Futures around 3975 with stop loss 3995 for target 3950 and it made 3954

Short Reliance Capital around 1111 with stop loss 1122 and it made 1093

Short ONGC around 1028 with stop loss 1033 and it hit the small stop loss

Short TCS around 652 with stop loss 656 and it hit the small stop loss

Short Bank of India at 283 with stop loss 285.2 and it hit the small stop loss

Short ICICI Bank around 560 with stop loss 566.5 for target 540 and it made 544

Short DLF around 354 with stop loss 358 and it made 349 and then hit the small stop loss

Buy Reliance Capital around 1160-1165 with stop loss 1148 and it made 1182

Market Outlook 01/10/08

Will the market hold on at higher levels !!

Though indian market opened low due to global breakdown, it recovered remarkably well to move almost near to 4000 and will it stay above 4000 is a big question mark now as ADAG may have different plans and tomorrow's trading holiday may bring in volatility also.On global scenario, The Dow rose 485.21 to 10,850.66 after the historic fall yesterday.Though the U.S governments financial rescue plan failed, they are in for second attempt in improving credit crisis and though nothing has been still finalised, this upmove is not with full confidence as worries are still very much in investors and DOW can go down again.Light, sweet crude rose $4.27 to settle at $100.64 on the New York Mercantile Exchange. Oil fell more than $10 a barrel Monday as investors worried that a weaker economy would curtail demand.For today, nifty above 3920 will face tough resistance around 3970 and above that 4025 will be very very strong resistance for the day.Downside nifty has strong support at 3895 and then at 3860.One can expect volatile market in the begining of new month today.Be cautious at higher levels today.

Stock watch for the day:

Reliance Infra (790): Short this stock at higher levels with stop loss 820 for atregt 775-760.If moves above 820, don't be short on this.

Intraday call performance 30/09/08

Market closing positive despite global weekness

Today indian market started in bearish mode breaking 3777 and then 3755 and straight towards 3700 as told and made a low of 3715 and then recovery came in which intensified after the sun outage break taking nifty to remarkable high of 3967 breaking all resistances in between after Finance Minister and RBI clarifications on our present banking and financial system.This rally has been led by banking, capital goods, power, realty, telecom and oil stocks.It was a huge short covering rally today.Nifty closed at 3921, up 71 points.Top gainers were ICICI Bank, TCS, HDFC and Bharti Airtel, while losers were Tata Steel, Tata Motors, Ranbaxy and Grasim.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3920 with stop loss 3935 and it made just 3912 and then hit the stop loss

Short TCS around 605 with stop loss 609 and the stop loss hit

Short Hindustan Lever around 252 with stop loss 255.2 and it made 247

Short Reliance Infra around 800 with stop loss 811 and it made 792 and then hit the stop loss

Short TCS around 654 with stop loss 660.5 and the small stop loss hit

Short Reliance Industries around 1940 with stop loss 1950 and it hit the stop loss

Short Reliance Infra around 814 with stop loss 820.5 for target 780 and it made 784....GOOD PROFIT

Market outlook 30/09/08

U.S fianacial relief plan failed..DOW witness historic crash !!

It was a very bad day for world market yesterday as here in india nifty broke down to make a low of 3777-very near to support 3755 and in global scenario, setimesnts are very very weak as The Dow Jones industrial average witnessed its worst day fall in history of 21 years as it crashed 777.68 points 10,365.45 and the privious big fall was 684 points it lost on the first day of trading after the Sept. 11, 2001, terrorist attacks.This historic fall was due to the House of Representatives rejecting the $700 billion financial relief plan of U.S government.The bailout bill failed 228-205 in the House.Crude factor was another major hit as Light, sweet crude fell $10.52 to settle at $96.36 on the New York Mercantile Exchange as investors feared energy demand would continue to slide amid further economic weakness.Now the U.S government will have to search for some other alternative for saving their economy.In Indian market, if nifty breaks 3777 on opening bell will break even 3755 support in all probability and will march towards 3700 first and then stright to 3630 area.If nifty moves above 3850, it will face resistance at 3870 and then 3920 where heavy selling might be witnessed again.Be cautious in first hour trading today as there may be severe volatility in the market today.Today's opening will be interesting to see..can india decouple from world market..! in coming years, india will decouple from world market.Right now, all kinds of manipulations are killing the market.Manipulators are heavily using these kind of opportunities and very shortly base will be formed for short term super up move.

Stock watch for the day:

Today's calls only for clients

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