Intraday call performance 17/10/08

Market crashing from high again and closing in red !

Though market opened positive by opening above 3300 as expected, it couldn't sustain at higher leevls and below 3330 crucial resistance it started coming down heavily without even touching 3330 again to make a low of 3046 breaking straong support of 3100 and then closed at 3074, down 194 points from the previous close.Realty, power, metal, telecom, capital goods, oil, banking and technology stocks took heavy hitting today.Asian markets also crashed today.Reliance Industries took the initiative in breaking down the market heavily today.It was a scary fall in the market in closing day of the week.The market breadth was negative with advances at 268 against declines of 988 on the NSE. Top Nifty gainers included BPCL and HCL Technologies while losers included Reliance Industries, Suzlon, Unitech, DLF and Siemens.

Stock watch for the day:

Reliance Infra: This was given a buy call above 566 for target 585 and it made a high of 582

Following calls were given in yahoo messenger for clients:

Clients enjoyed good profit today

Short Nifty Futures around 3310 with stop loss 3325 for target 3250 and told to cover full position at 3250....SUPER DUPER PROFIT

Short Suzlon around 96.5 with stop loss 97.4 for target 93-89 and it made 85....SUPER DUPER PROFIT

Buy Reliance Infra around 545 with stop loss 534 and stop loss hit

Buy DLF around 319 with stop loss 314.9 and then gave cover at 320-321

Short SBI around 1502 with stop loss 1510 and it just made 1494 and stop loss hit

Short Reliance Industries at 1392 with stop loss 1404 for target 1355-1300 and it made 1287....SUPER DUPER PROFIT

Market Outlook 17/10/08

Market looking good for upmove !

It was a drastic day in indian market yesterday as nifty crashed right till the strongest support of 3100 and then bounced back.On global market today, things are positive and indian market also might take these positive cues.The Dow Jones industrial rose 401.35 to 8,979.26, showing an 816-point swing from its low to its high of the session and displayed a Very very volatile trading yesterday.The Dow changed directions 75 times in Thursday's session.Credit markets are performing better this weak than last week because of the government rescue steps and since things are not yet settled properly, volatility is expected to continue in the market and the past 10 day's has seen severe movements in the market.The sweet crude fell $4.69 to settle at $69.85 a barrel on the New York Mercantile Exchange, the lowest settlement price since Aug. 23, 2007.The dollar rose against other major currencies.In indian market, nifty has strong resistance at 3330 for today and if able to cross that then it will make moves to 3400 straight.On downside if nifty breaks 3220-strong support for today, it may test 3165 support.If there is gap up opening near 3330 and unable to cross 3330, some selling might come for sure.

Stock watch for the day:

Reliance Infra (558): Catch this stock above 566 with stop loss 550 for target 585-600

Intraday Call Performance 16/10/08

Indian market crashing and closing weak

It was a terrible day for indian market as market opened in deep red below 3200 and made a low of 3099.Asian and European markets also had free fall today which also effected indian market.Though recovery came in late afternoon lifting nifty above 3300 again, it couldn't sustain at higher levels and slipped and closed weak at 3269, down 69 points from previous close.Huge sell off was seen in oil, capital goods, technology, auto and power stocks.Though RBI measures were positive, global weekness was too much to handle for indian market and also the inflation numbers which came out at 11.44% lower than last time around couldn't help indian market in any way.Select banking and financial stocks also recovered on hopes that further steps will be taken to increase liquidity in banking system.The Sensex and Nifty tested new-2008 lows in today's trade. The market breadth was negative with advances at 366 against declines of 899 on the NSE. Top Nifty gainers included Reliance Communications, DLF and Unitech while losers included Nalco, Hindalco and Suzlon.

Following calls were given in yahoo messenger for clients:

Huge profits for all my clients today

Short Nifty Futures around 3205 with stop loss 3220 for target 3160 and when it made 3130, told to cover the full position....HUGE PROFIT

Short Sail around 100 with stop loss 101.2 for target 95 and it made 96....GOOD PROFIT

Short Unitec around 81 with stop loss 82.2 for target 75 and it made 77....GOOD PROFIT

Short Reliance Infra around 550-555 with stop loss 566 for target 520 and it made 500....HUGE PROFIT

Buy SBI around 1420 with stop loss 1410 for target 1465-1490 and it made 1559....HUGE PROFIT

Market Outlook 16/10/08

Global market melt down again..!!

It was a drastic fall in indian market yesterday as nifty went for selling right from the opening and halted around 3300 support area which is likely to be broken in the opening bell today.Reserve Bank of India on Wednesday cut CRR (cash reserve ratio) by 100 basis points, or 1 per cent.This CRR cut will infuse Rs 40,000 crore (Rs 400 billion) into banking system.The RBI also increased interest rates on Non-Resident deposit schemes by 50 basis points, or 0.5 per cent.Though these measures are positive for indian market, global melt down may effect its sentiments today.On global scenario, The Dow ended down 733.08 at 8,577.91 after the government's report that retail sales plunged in September by 1.2 percent -- almost double the 0.7 percent analysts expected.Big U.S. banks started falling in line Tuesday behind the rejiggered bailout plan.Even though government came out in bailing out financial sectors, economy slow down seems to be continuing.The credit markets have been showing tentative signs of recovery, though they remain strained.Light, sweet crude fell $4.09 to settle at $74.54 per barrel on the New York Mercantile Exchange.In indian market, one can expect gap down opening today and below 3300, nifty will remain weak only.Downside supports below 3300 will be at 3265 and below that 3200 and 3160 will be the strong support.On upperside above 3300, nifty will face resistance at 3380-where heavy selling is expected.Onle above 3380, things will turn positive.If there is gap down opening, watch out for first support at 3265 and if not broken, buying might come from there.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 15/10/08

Market closing in negative zone again

After 2 day's of rally, market gave up all its gains and closed in negative.It was selling at opening bell today and never really recovered till the end.Weak global cues and also L&T posting dissappointing second quarter numbers all resulted in today's fall.Larsen and Toubro crashed 11% on the back of dissappointing second quarter numbers.Europian and Asian market also went for deep selling today also had an effect in indian market today.Nifty closed at 3338, down 180 points from the previous close.The market breadth was negative with advances at 136 against declines of 1142 on the NSE. Top top gainers included Sun Pharma, BPCL and Hero Honda while losers included Reliance Infrastructure, Reliance Communications and L&T.RBI is going to announce some measures in the evening to ease liquidity in financial system and will result in next market action now.RBI may announce CRR, Repo and an SLR cut today evening which will be good for the market.

Following calls were given in yahoo messenger for clients:

It was a fantastic day of huge profits for my clients today

Short Nifty Futures around 3460 with stop loss 3480 for target 3400-3375 and when it made 3375, told to come out of all position....SUPER DUPER PROFIT

Short Reliance Infra around 604 with stop loss 609 for target 575-550 and it just hit 609.4 and made 538....it was sheer bad luck

Short Essar Oil around 110 with stop loss 113 for target 104-98 and it made 96....SUPER DUPER PROFIT

Short SBI around 1530 with stop loss 1540 for target 1490-1465 and it made 1455....SUPER DUPER PROFIT

Buy Reliance Infra around 545 with stop loss 539 for target 566 and it made 565....SUPER DUPER PROFIT

Buy L&T around 896 with stop loss 889 for target 920 and it made 913....GOOD PROFIT

Market Outlook 15/10/08

Market looking tired after huge rally

It was huge rally and then profit booking at the end in indian market yesterday and higher level was exerting pressure continuously yesterday.In global scenario, The Dow Jones industrials declined 77 points on Tuesday after piling up their biggest point gain ever on Monday on news of Europe's rescue plan and in anticipation of the United States' new measures.Profit-taking set in after the Dow surged more than 400 points at the opening.Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership.Only time will tell whether this bail out plan will work or not as investors are still not confident and definetly takes some time.The Dow fell 76.62 to 9,310.99. Light, sweet crude fell $2.56 to settle at $78.63 per barrel on the New York Mercantile Exchange and The dollar fell against most other major currencies, while gold prices declined.In indian market today- if nifty gets past 3560, it will move to first resistance of 3600 and if breaks taht allround buying might come in.But, for today 3560 and 3600 are very tough resistances where selling might come in again and on lower side, supports are at 3490 and 3445.Markets may open flat today and then after europian market opens may show some strong movements.

Stock watch for the day:

Today's calls only for clients

Intraday Call performance 14/10/08

Market witness profit booking in the last hour

It was a fantastic gap up opening today due to the positive global cues which took nifty to a high of 3648.Buying was seen in technology, pharma, realty, capital goods, few banking and telecom stocks.The Asian markets closed mixed while European markets held firm.In the afternoon session nifty started sliding below 3600 and then never even touched 3600 for the whole day.Volatility was also seen today and nifty was struggling at all higher levels.After seeing severe profit booking in the last hour, Nifty closed at 3518, up 27 points from the previous close.The market breadth was positive with advances at 926 against declines of 352 on the NSE. Top Nifty gainers included Tata Communication, Sun Pharma and Satyam while losers included SAIL, Reliance Communication and ONGC.Still market is looking goood and if global cues remain positive, it will move up again.

Stock watch for the day:

Reliance Capital :This was given a buy call with stop loss 790 for target 860 and it made a high of 939....HUGE PROFIT

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients

Buy Nifty Futures around around 3635 with stop loss 3620 for target 3665 and it made 3664....GOOD PROFIT

Buy Nifty Futures again around 3615 with stop loss 3600 and it made 3630

Buy Nifty Futures around 3585 with stop loss 3574 and it just made 3595 and then hit the stop loss

Buy SBI around 1545 with stop loss 1535 for target 1570 and it made 1569....GOOD PROFIT

Buy Reliance Infra around 642 with stop loss 635 and it made 658....GOOD PROFIT

Buy Reliance Capital around 874 with stop loss 868 and it just made 876 and then hit the small stop loss

Buy Kotak Bank at 495 range stop 491 for target 505 and it made 503....GOOD PROFIT

Short DLF around 310 with stop loss 313.2 for target 300 and it made 303....GOOD PROFIT

Short Reliance Infra around 640 with stop loss 645 for target 620 and it made 624....GOOD PROFIT