Intraday Call Performance 23/10/08

Market move above 3000 and again slide at close

It was deep gap down opening near 2900 as expected due to weak global cues and nifty remained below 3000 for most part of the morning session and after Finance Minister announcement of SEBI asking FIIs to reverse short positions on borrowed shares, nifty rallied to go past 3050 but this upmove did not last too long as Nifty collapsed again to low point of the day.Huge selling was seen in metal, oil, auto, realty, banking and pharma stocks.It was a terrible day for stock market across the world.Reliance Industries, Infosys SBI were all weak today and were dragging the market down.Nifty closed at 2943, down 122 points from the previous close.The market breadth was negative with advances at 231 against declines of 1044 on the NSE.

Following calls were given in yahoo messenger for clients:

It was huge profits day for all my clients today

Buy Nifty Futures around 2965 with stop loss 2945 for target 3010 and it made 3012....SUPER DUPER PROFIT

Buy Nifty Futures around 2970 with stop loss 2955 for target 3020 and it made 3016....SUPER DUPER PROFIT

Buy HDIL at 137 with 136-135 as stop loss for target 145-148 and it made 158.5....SUPER DUPER PROFIT

Buy Reliance Capital around 635 with stop loss 629 and it made 651....GOOD PROFIT

Buy SBI around 1373 with stop loss 1364 for target 1400 and it made 1392....GOOD PROFIT

Short Reliance Industries around 1272 with stop loss 1281 and it made 1243....VERY GOOD PROFIT

Buy ICICI Bank around 374 with stop loss 369.8 for target 394-410 and it made 415....SUPER DUPER PROFIT

Buy SBI around 1353 with stop loss 1348 for target 1375 and it made 1373....GOOD PROFIT

Buy reliance Infra around 452 with stop loss 447.5 and it just made 457 and then hit the stop loss

Buy reliance Infra above 460 for target 475-485 and it zoomed to 488....VERY GOOD PROFIT

Short HDIL at 156 stop 159 for target 150-148 and it made 147....VERY GOOD PROFIT

Market Outlook 23/10/08

Wall street crash will effect indian market now

It was a very bad day for indian market yesterday as it started falling right from the opening bell and never really recovered till the end closing below 3100 and in all probability set to open deep down today due to weak global cues.On global side, wall street crashed due to deep recession and weak corporate earnings following a raft of disappointing profits and outlooks from major U.S. companies.For many U.S. companies, the damage has already begun.The outlook for the global economy is bad.Stocks dropped across Asia and Europe, falling even harder in South America, where Brazil's Bovespa index and Argentina's Merval had losses near 10 percent. Argentina's president announced plans to nationalize private pension funds to protect retirees from the financial crisis.The dollar hit multiyear highs against several other major currencies, weighing on commodity prices.The Dow Jones industrial average fell 514.45 to 8,519.21, after being down as much as 698 points in the final half hour of trading.Light, sweet crude fell $5.43 to $66.75 a barrel on the New York Mercantile Exchange, after falling as low as $66.20.So, for today nifty below 3045 will directly test 2945 strong support area and break below that, one more big support is only at 2850.On upper side, 3000 will act as big hurdle for today.Volatility may continue today also.

Stock watch for the day:

Reliance Infra (472): Short this stock with stop loss 486 for target 445-415.

Market Outlook 22/10/08

Market crashing on global pressure

Market witnesed selling pressure right at the opening bell and never recovered for the whole day and the last hour saw heavy selling taking to low of 3052.Asian and Europian markets also witnessed heavy selling today which also effected indian market which was already under selling mode.Market mover Reliance Industries took the initiative today to break the market below 3100 to test the previous low.As expected, there was severe volatility at times today.Nifty closed at 3065, down 169 points from the previous close.The market breadth was negative with advances at 287 against declines of 965 on the NSE. Top Nifty gainers included ITC and Hindustan Unilever while losers included Idea, Tata Steel and Unitech.

Following calls were given in yahoo messenger for clients:

It was a very good day for my clients

Buy Nifty Futures around 3105 with stop loss 3079 and it made 3128

Buy Reliance Industries around 1350 with stop loss 1347 and it hit the small stop loss

Short Reliance Industries around 1355 with stop loss 1356 for target 1315 and it made 1305....VERY GOOD PROFIT

Buy HDIL at 147 with stop loss 145 for target 155 and it made just 149 and the hit the small stop loss

Buy Reliance Capital around 655 with stop loss 648 for target 675 and it made 676....VERY GOOD PROFIT

Buy Maruti around 633 with stop loss 628 for target 655 and it made exact 655....VERY GOOD PROFIT

Short SBI around 1433 with stop loss 1438 and it made just 1423 and when it came up, gave cover call at 1436

Short SBI on break of 1415 for target 1400-1380 and it made 1383....VERY GOOD PROFIT

Market Outlook 22/10/08

Volatility to continue in the market

Even though Nifty was bullsih and got past 3240 yesterday in the last hour, it couldn't sustain above that and closed below 3240-which will again play an important role today also.On global front, mixed third-quarter reports were dissappointing and The Dow Jones industrial average fell 231.77 to 9,033.66.The technology-focused Nasdaq saw steeper declines than the other major indexes after server and software company Sun Microsystems warned it would post a loss for its fiscal first quarter and book a write-down.Though credit markets around the world are easing out and is a good sign for the market.The dollar was higher against other major currencies, while gold prices fell.Light, sweet crude fell $3.36 to settle at $70.89 barrel on the New York Mercantile Exchange.In indian market for today, if Nifty gets past 3240 and sustain above that only we can see some movements around 3300-3330 levels and if nifty stays below 3240, it will test 3200 first and if breaks that, downside strong support is at 3150.Volatility will be continued for the time being.

Stock watch for the day:

Today's calls only for clients

Intraday call performance 21/10/08

Market closing higher as expected

Market started moving up at the opning bell and halted around 3180 and came down again to break above 3200, but again couldn't cross the crucial resistance of 3240 and came down heavily to a low of 3160 area and then moved up to break above 3240 and then closed at 3234, up 112 points from the previous close.HUge buying was seen in realty, technology, capital goods, power, oil, telecom, FMCG and banking.Reliance Industries was very positive today helping the idnex to move up.It was a very good day for indian market.The Asian and Europian markets also were trading positive today.The market breadth was positive with advances at 916 against declines of 343 on the NSE. Top Nifty gainers included TCS, Reliance Communications and Tata Steel while losers included Idea, Sun Pharma and Hindalco.

Stock watch of the day:

RCom: This was given a buy call with stop loss 225 for target 255 and it made a high of 263

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3220 with stop loss 3240 for target 3160 and gave cover order at 3200

Short Nifty Futures around 3250 with stop loss 3264 for target 3200-3175 and when it made 3175, gave cover call....SUPER DUPER PROFIT

Short India Info around 53 with stop loss 53.5 for target 51 and it made 51.80....GOOD PROFIT

Short SBI around 1470 with stop loss 1481 for target 1445-1420 and it made 1481.6 and then down to 1445....sheer bad luck

Buy Reliance around 1380 with stop loss 1365 for target 1405-1425 and it made exact 1425....VERY GOOD PROFIT

Buy SBI around 1475 with stop loss 1465 for target 1500-1535 and it hit the stop loss

Short BHEL around 1143 with stop loss 1147 for target 1120 and it made 1112........VERY GOOD PROFIT

Buy SBI if breaks 1480 for target 1500-1535 and it made 1505....GOOD PROFIT

Market Outlook 21/10/08

Positive global cues to guide indian market

It was a very very volatile trading on positive side yesterday with nifty making a high of 3238 and closing around 3100 level.On global front, there are more positive signs which will help indian market for sure.Bank-to-Bank lending rates eased further showing the easing of credit markets which were of main concerna dn DOW reacted positively yesterday by moving above 400 points.The credit markets were gradually responding to the series of bailout measures by governments around the world, including a joint U.S. and European plan to buy stakes in private banks to boost their lending.The Dow Jones industrial average rose 413.21 to 9,265.43.Light, sweet crude rose $2.40 to settle at $74.25 a barrel on the New York Mercantile Exchange.On indian market, yesterday's RBI's announcement to cut Repo rates by 100 bps to 8% with immediate effect is a positive for market and also RBI will announce its half-yearly credit policy on Friday, another rate cut is possible.For today, if nifty moves above 3145 it may directly test resistance at 3240 and if nifty crosses 3240 it may shoot upto 3300-3340 also today.On downside, 3100 is one support for nifty and if breaks 3100, then 3060 is super strong support for today.

Stock watch for the day:

RCom(231): Buy this stock with stop loss 225 for target 245-255.Below 226 it is not a buy.

Intraday Call Performance 20/10/08

High volatile market ending positive

Though market opened positive and went above 3100 in opening bell, trading was very volatile and first hour saw tremendous volatility and afternoon session invited heavy buying that took nifty to make a high of 3238.Market major Reliance Industries took the initiative to lift the market above 3200 today.RBI's announcement to cut Repo rates by 100 bps to 8% with immediate effect and also positive European and Asian markets had positive effects for the market sentiments today.Nifty closed at 3122, up 48 points.Realty and power stocks witnessed some selling pressure. Top gainers on Sensex included the four IT heavyweights, along with HDFC Bank, ICICI Bank, Bharti Airtel and ITC. Sensex losers were BHEL, Grasim and DLF, among others.Higher levels were exerting pressure today also.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 3140 with stop loss 3128 for target 3175 and it made 3159 and then hit the stop loss

Short Nifty Futures around 3170 with stop loss 3185 for target 3120 and it made 3144

Buy Nifty Futures around 3130 with stop loss 3110 for target 3180 and it made 3168

Short Reliance around 1290 with stop loss 1302 and it made just 1282 and then hit the stop loss

Short L&T around 798-800 with stop loss 805 for target 765 and it hit the small stop loss

Short HDIL around 129 with stop loss 131 for target 123 and it made just 126.5 and then hit the stop loss

Short Reliance Infra around 498-500 with stop loss 506 and it hit the stop loss

Buy Reliance at 1335 with stop loss 1320 for target 1365-1380 and it made 1380

Buy ICICI Bank around 410 with stop loss 402 and it made 417

Buy Reliance Capital around 638 with stop loss 630 for target 660 and it made 653