Intraday Call Performance 29/10/08

Profit booking in the market and still closing positive

Market opened up with gap up and struggled around 2740 as nifty couldn't sustain above 2740 and came down to make a low of 2632 and then again went up above 2700.Volatility was there in the market today also as market was facing pressure at higher ends.Nifty closed at 2697, up 12 points. Metal, oil & gas stocks and few technology stocks saw good buying coming in, whereas realty, pharma and FMCG stocks witnessed selling pressure.Top Sensex gainers include Hindalco, Mahindra & Mahindra, Wipro and ACC, while losers are Reliance Communications, Ranbaxy, DLF and Satyam Computer, among others.Among the frontliners, Suzlon Energy fell 75% and Reliance Industries tanked 40%. Tata Motors and Tata Steel plunged 60% each.Volumes increased due to F&O expiry.Market breadth was in favour of declines; about 1324 shares have advanced while 1637 shares have declined. Nearly 229 shares remained unchanged.On the global front, Asian markets ended mixed.European markets were trading higher.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2710 with stop loss 2690 and stop loss hit

Short Nifty Futures around 2720 with stop loss 2742 for target 2670 and it made 2685....VERY GOOD PROFIT

Buy SBI around 1138 with stop loss 1133 and it made just 1149 and then stop loss hit

Short HDIL around 138 with stop loss 141.2 for target 132 and it just made 134

Short Reliance Industries around 1182 with stop loss 1195 and it made just 1169

Buy Bank of India around 218 with stop loss 215.6 for target 226-230 and it made 228.5....VERY GOOD PROFIT

Short India Bulls Real Estate around 120 with stop loss 121.2 for target 115 and it made 115.3....VERY GOOD PROFIT

Short Reliance Industries around 1190 with stop loss 1198 and it made 1183 and then hit the stop loss

Market Outlook 29/10/08

Deepawali upmove to continue..!

It was a blasting deepawali muhurat trading yesterday as indian market also danced to the deepawali celebrations as nifty zoomed 160 points to close at 2684 and buying expected to continue today also.Realty, metal, power, capital goods, oil and auto stocks lead the rally yesterday.Global cues are also very positive today with The Dow Jones industrial average jumping nearly 900 points due to short covering ahead of Fed meet and rate cut announcement on Wednesday and after start of the Fed's efforts to revive lending in the commercial paper market, where companies turn for short-term loans and Dow raected positively by closing 889.35 points to 9,065.12.The market's reaction was notable because it was investors' anguish over a likely recession that had them selling just days ago. But analysts don't necessarily see that change of heart as a sign of health.The dollar was mixed against other major currencies, while gold prices fell.Light, sweet crude settled down 49 cents to settle at $62.73 a barrel on the New York Mercantile Exchange.For today, indian market is looking bullish and nifty above has small hurdle at 2740 and once it gets past that big hurdle is only at 2850.Below 2740, nifty will remain weak and lower level support is at 2590.Watch out the level of 2740 and even if nifty jumps above this and later hour if breaks this level, be cautious in longs as tomorrow is again a trading holiday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 27/10/08

Deep crash and then huge short covering towards the close

It was a very volatile day of trading today as nifty-though opned above 2500, couldn't sustain above it and once it started trading below it went on crashing and made a low of 2253.Then recovery came in last hour of trading with buying coming in telecom, pharma, capital goods, realty, oil & gas and IT stocks pulling the market up above 2500 again and making a high of 2540 and then closed at 2,524, down 59 points from previous close.As expected, volatility was severe this time.As usual, it was Reliance Industries which took the initiative in breaking the market in the morning session.Market breadth was extremely weak throughout the day and about 698 shares have advanced while 2305 shares have declined. About 187 shares remained unchanged.Asian markets also trading very weak today.Top Sensex gainers include Bharti Airtel, Reliance Communications, Reliance Industries, Satyam Computer and TCS, while losers are Mahindra & Mahindra, Tata Motors, Grasim, SBI and Tata Power, among others.In this historical crash of market, there are many stocks which are at very atractive level on long term view.Investors are going on selling beyond imagination and market is definitely oversold also.

Following calls were given in yahoo messenger for clients:

Due to severe volatility, only 2 golden calls were given with super duper profits today

Short Reliance Industries around 1032 with stop loss 1040 for target 1000-985-950 and it made 930....SUPER DUPER PROFIT

Short HDIL around 129 with stop loss 130.2 for target 120-115.5-111 and it made 107....SUPER DUPER PROFIT

Market Outlook 2710/08

Uncertain market with severe volatility

It was total bloodbath in indian market on friday as it broke strong support of 2850 and went crashing down to break one more significant major support at 2590-which is a worrying part now.On global scenario,The Dow Jones industrial average fell 312.3 to 8,378.95.The Federal Reserve is expected to lower interest rates by at least a half-point to 1 percent this week. But the rate reduction is already priced into the market and unlikely to calm its restlessness.With a recession seen as inevitable, if not already under way, any Fed rate cut would be aimed at cushioning the fallout.U.S governments $700 billion financial bailout package is still not taken positively by the market.World market is seeing bad times.The Fed had moved to the sidelines out of fear that its rate cuts would worsen inflation. Since then the inflation threat has lessened. The threat of a global recession has dampened once surging prices for energy, food and other commodities.Now a few economists are starting to worry about deflation - a widespread and dangerous bout of falling prices -- if the U.S. and world economy get stuck in a long and painful recession.For today in indian market, nifty will face solid resistance around 2600 on upper side and failure to get through this resistance will result in testing of 2520 again and break will create havoc again which will take nifty towards 2400 straight..!! sentiments may be positive only if nifty gets past 2600 with volume and stays above that which will take nifty towards 2680 and then 2740 solid resistance..! one can expect severe volatility due to trading holiday's this week and also due to expiry on thursday.

Stock watch for the day:

Today's calls only for clients

Intraday Call Performance 24/10/08

Break 2850....bloodbath in the market

As clearly mentioned today, 2850 was the huge support and it was told thet break of 2850 everything will crash and the result is there to see..!! It was a crash across global equity markets today.The Reserve Bank of India has announced the credit policy, wherein it has kept all key rates remained unchanged.Banking stocks took huge beating on the bourses, after the credit policy.Nifty broke 2850 in early minutes of tarde and once it broke 2850, it never even touched 2850 again as it was a staright crash.Sellers were in rampage today and the same thing happened even in U.S market when government put a ban on short selling and stock market reacted in opposite way and even in indian market, same thing repeated.Yesterday SEBI banned FIIS short selling and market raected in opposite way by crashing down.Below 2850 support was at 2740 and after breaking 2740, straight support was at 2600 and when nifty touched 2600, it bounced back to 2650 and then again in last minutes, came down heavily to break even 2600 to make a low of 2525 !!.Today, Reliance Industries, ONGC, Reliance Communication, SBI, ICICI Bank, HDFC, HDFC Bank and L&T were main players dragging market down.Nifty at 2584, down 359 points from the previous close.The market breadth was negative with advances at 87 against declines of 1196 on the NSE.

Following calls were given in yahoo messenger for clients:

It was good profits for my clients today

Buy Nifty Futures around 3810 with stop loss 2790 and it just made 3822 and then hit the stop loss

Short Nifty Futures if breaks below 2740 for huge profit and it crashed deeper.....SUPER PROFIT

Buy HDIL around 147 with stop loss 145 for taregt 158 and it made 157....SUPER PROFIT

Buy Reliance Capital around 643 with stop loss 639 and it made 656....GOOD PROFIT

Short Reliance Infra around 429 with stop loss 436 for taregt 400-380 and it made 372....SUPER DUPER PROFIT

Buy HDIL around 138 with stop loss 136 for taregt 148-153 and it made 146....SUPER PROFIT

Market Outlook 24/10/08

Market likely to pull up from supports

It was a very volatile day for indian market yesterday after opening deep down and remaining there till mid afternoon and then sudden pull up and then again deliberate selling at the end.Expiry effects have started taking place now and market looks set for huge pull up towards 3500 !!.FIIS
short selling now banned by SEBI is also positive for the market.Things will change only if nifty breaks below 2850.If nifty holds 2850 and closes above 3050, sentiments will turn very positive for expiry.On global scenario, some positive cues are there for today.The Dow Jones industrial average rose 172.04 to 8,691.25, after rising 277 points and falling by 276 points during the session, witnessing huge volatility.The credit markets again showed signs of easing after locking up when Lehman Brothers Holdings Inc. declared bankruptcy in mid-September.The dollar was mixed against other currencies after jumping to multiyear highs Wednesday, while gold prices fell.Light, sweet crude rose $1.09 to settle at $67.84 on the New York Mercantile Exchange.Here in indian market, if nifty gets past 2985, it will move towards 3025 resistance first and after that it will be direct testing of 3085 and if gets past that, then all round buying will set in.Higher level is very interesting to see today as volatility will be too much again.On lower side, nifty has good support at 2915 and below that 2850 is very strong support and if breaks 2850, everything will crash.Overall an interesting weekend today.

Stock watch for the day:

Today's calls only for clients

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