End of day summary and outlook for 01Dec06

As expected the markets did the repeat of yesterday with the exception of last hour of trade due to F&O expiry.The volumes were very high due to roll over. The NSE nifty closed at 3954.50 with a gain of 26.30 points and the BSE sensex closed at 13696.31 with a gain of 79.58 points. The FIIs were net buyers in the cash market to the tune of 88 crores, net sellers in index futures to the tune of 42.36 crores and net sellers of 686.59 in stock futures. They have sold over 2000 crores in stock futures in the last 3-4 sessions. This again adds to the fact that a decent correction is round the corner.

The outlook for tomorrow is positive as it is the first day after expiry of November futures. The markets might open weak on the back of weak global markets but is sure to recover after that and go higher. The first resistance is around 3970 and if nifty sustains above that it can test the level of 4000. On the lower side 3890-3900 is a sold support. I would still suggest to be cautious at the higher levels. Keep booking your profits in long positions how ever small it may be.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 30Nov06

Looks like the Auto sector wants to join the party.

(All December contracts)
Buy Bajaj Auto in futures above 3740.00
Buy Hero Honda in futures above 751.00 with stoploss 720.00
Buy Maruti in futures above 943.00 with stoploss 893.00

Buy Karnataka Bank in futures above 129.00 with stoploss 113.00
Buy MRPL in futures at current levels with stoploss 40.70

Sell BPCL in futures below 353.00 with stoploss 366.50
Sell Cipla in futures below 249.50 with stoploss 264.00
Sell HLL in futures at current levels with stoploss 248.00
Sell IDBI in futures below 75.20 with stoploss 78.50
Sell IOC in futures at current levels
Sell IPCL in futures below 280.00 with stoploss 286.00

Upgrade your stop loss in Iflex to 1601.00

Buy Nagarjuna Constructions in cash above 216.00 with stoploss 193.00
Technically looking very good.

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), ABB(3445.00), ACC (1035.00), BOI (195.50), BEL(1129.00), Bharti (615.00), Cummins(275.00), Divis Lab (2915.00), Glaxo (1100.00), HDFC Bank (1075.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), IOB (118.20), Jet Airways (687.00), JP Hydro (29.00), Nalco(214.00), NTPC(147.50), PNB (518.00), Reliance Capital, Sail(84.70), SBI(1223), STAR(511.00), Sun Pharma (967.00), Syndicate Bank (80.50), Tata Power(576.00), TCS, Titan Industries(759.00) and Wipro(578.50).

Hold your short positions in (Price in bracket is the stop loss):Dr. Reddys (741.00), Escorts(123.00), HPCL (321.00), ITC, Ranbaxy(386.00) & Tata Motors.

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 30Nov06

Today the markets opened on the positive note but could not sustain the higher levels as selling crept almost immediately. The BSE sensex notched up 100 points in just 2 minutes of opening, but could not sustain those levels and closed at 13616.73 just 14.78 points above the previous close. The indicies dipped into negative aswell for a very short period. The NSE nifty also closed at 3928.20 with a gain of 6.45 points. The FII were net sellers of 241 crores in the cash market, net buyers of 291 crores in Index futures and net sellers of 730 crores in stock futures. The oil marketing companies were the maximum hit today on back of reduction in petrol and diesel prices.

The outlook for tomorrow is again not very positive. I expect the markets to do the repeat of today where it would open on the higher side and drift down gradually. The last hour will be very volatile due to F&O expiry. The support for the nifty is at 3900.00 and resistance at 3973.00

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 29Nov06

GSK Pharma buy call on 24Nov06 triggered today. Hold long.
Sell HPCL in futures below 298.00
Sell Reliance Industries in future below 1240.00
Sell more of Dr.reddy's in futures below 715.00

Exit long in Sail below 84.70
Exit long in Seimens at current levels.
Upgarde your stop loss in Bank Of India to 195.50

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), ABB(3445.00), ACC (1035.00), BEL(1129.00), Bharti (615.00), Cummins(275.00), Divis Lab (2915.00), HDFC Bank (1075.00), IFlex (1511.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), Jet Airways (687.00), JP Hydro (29.00), Nalco(214.00), NTPC, PNB (518.00), Reliance Capital, SBI(1223), STAR(511.00), Sun Pharma (967.00), Syndicate Bank (80.50), Tata Power, TCS, Titan Industries and Wipro(578.50).

Hold your short positions in (Price in bracket is the stop loss):
Dr. Reddys (758.00), Escorts(122.00), ITC, Ranbaxy(386.00) & Tata Motors.

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 29Nov06

As expected, the markets opened week and closed in negative. Today our markets took the clue from the global markets and traded in negative zone throughout the day. The NSE Nifty closed at 3921.75 with a loss of 47.15 points and the BSE sensex closed at 13601.95 with a loss of 171.64 points. Today was a very important day for our markets to assess the strenght. Unfortunately, the markets didnot show any strenght. Firstly, two attempts were made to recover in the afternoon but the upmove did not sustain and came down. Secondly, the volumes in the F&O segment today was close to 41,500 crores against the one month average volume of close to 30,000 crores. This means the markets have come dowmn with huge volumes. Thirdly, the FII figures are also not encouraging as they were net sellers in the cash market for 439.48 crores, net sellers in the index futures to the tune of 1748 crores and net sellers in stock futures to the tune of close to 840 crores. This indicates that there is a decent correction expected in the markets.

The outlook for 29Nov06 is also not very encouraging as the Nifty might test the support levels of 3890.00 The buzz on the streets are that the markets will come down for two days and bounce back. I would say if the bounce back happens, it should be used to exit long positions. It is not yet advisable to go short. Lets watch tomorrow if the markets can hold the support level of 3890 and bounce back.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 28Nov06

Buy Reliance Capital in futures above 614.00
Short sell ITC in futures below 178.50
Add more of Divis Lab into your portfolio if it sustains above 3210.00

Exit long in IVRCL below 406.00
Exit long in Suzlon below 1445.00

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), CNX IT(5200.00), Nifty (3925.00), ABB, ACC (1035.00), Bank OF India (182.00), BEL, Bharti (615.00), Cummins, Divis Lab (2915.00), HDFC Bank (1065.00), IFlex (1511.00), ICICI Bank (827.00), India Cements, IOB (120.80), Infosys Tech(2134.00), Jet Airways (687.00), JP Hydro (29.00), Nalco, NTPC, PNB (518.00), Sail, Satyam(459.00), SBI(1223), Seimens, STAR(511.00), Sun Pharma (967.00), Syndicate Bank (80.50), Tata Power, TCS, Titan Industries, UTI Bank(494.00) and Wipro.

Hold your short positions in (Price in bracket is the stop loss):
Dr. Reddys (758.00), Escorts(122.00), Ranbaxy & Tata Motors.

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 28Nov06

Today was a very boring day of trade as the NSE Nifty traded within a range of 20 points. There were not many big stock moves as well. NTPC along with the cement majors ACC and GAC held the market up. The NSE Nifty closed at 3968.90 with a gain of 18 points and the BSE sensex closed at 13773.59 with a gain of 70.26 points. Either the FIIs were undecided on which way to go or they were not back from their holiday as they were just 0.91 crore net buyers in cash segment, 107 crores net buyers in Index futures and 396 crores net sellers in stock futures, that too with a very low volume.

The outlook for 28Nov06 is not very encouraging as the major world markets are trading in the negetive zone. If our markets open week, it might recover in the later part of the day depending upon the strenght in our markets. If the markets opens strong than it is advisable to go short on Nifty for intraday. Please check the closing of the world markets before you do so as they were still trading at the time of posting this summary.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 27Nov06

Buy Bank of Baroda in futures above 278.00
Buy Dabur in futures above 148.50
Buy Titan Industires in futures above 801.50
Buy IOB in futures at current levels

Exit short in Dr. Reddy's above 758.00
Exit short in Escorts above 122.00
Exit long in Jet Airways below 687.00

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), CNX IT, Nifty (3900.00), ABB, ACC (1035.00), Bank OF India (182.00), BEL, Cummins, Divis Lab (2915.00), HDFC Bank (1065.00), IFlex (1511.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), IVRCL, JP Hydro (29.00), NTPC, PNB (518.00), Sail, Satyam, SBI(1223), Seimens, Sun Pharma (967.00), Suzlon, Syndicate Bank (80.50), Tata Power, TCS, UTI Bank(494.00) and Wipro.

Hold your short positions in (Price in bracket is the stop loss):
Ranbaxy & Tata Motors.

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 27Nov06

Even though the NSE Nifty moved within a range of 25 points only , it was very volatile. As the US markets were closed on Thursday and Friday, the volumes were a touch below average. The NSe Nifty closed at 3950.85 with a modest gain of 5.40 points. The BSE sensex closed at 13703.33 with a small gain of 22.50 points. The FIIs were net buyers in the cash market segment for 300 crores, in the index futures for 41 crores and net sellers in the stock futures for 249 crores. The FII activity in the frontline stocks have clearly dipped looking at the volumes. It appears that the focus has shifted to the mid cap stocks.

The outlook for 27Nov06 is again volatility. The resistance for nifty is at 3970 and at 4000.The support is at 3930 and at 3890. Day traders are advised to be cautious. The stocks will be all over the place in this week.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 24Nov06

Buy BHEL in futures above 2580.00
Buy IDFC in futures above 82.40
Buy Sail in futures at current levels
Buy Tata power in futures at current levels

GSK Pharma short call hit stop loss today . Now, buy in futures above 1196.00
Exit long in Mphasis BFL below 268.00
Exit short in Sterlite above 550.00
Exit long in Strides Arcolabs below 311.00
Exit long in Sun Pharma below 967.00
Exit long in UTI Bank below 491.00
Nalco buy call on 16Nov06 triggered today. Hold long position.

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), CNX IT, Nifty (3900.00), ABB, ACC (1035.00), Bank OF India (182.00), BEL, Bharti (615.00), Cummins, Divis Lab (2915.00), HDFC Bank (1065.00), IFlex (1511.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), IVRCL, JP Hydro (29.00), Jet Airways, NTPC, PNB (518.00), Satyam, SBI(1223), Suzlon, Syndicate Bank (80.50), TCS and Wipro.

Hold your short positions in (Price in bracket is the stop loss):
Dr.Reddys, Escorts, Hindalco(178.70), Ranbaxy, Tata Motors and Titan Industries.

Please note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 24Nov06

As expected the markets were very volatile and there was some profit booking towards the end of the day. Unfortunately the NSE nifty did not test the levels of 4000 and came back from 3970 levels itself. The NSE nifty closed at 3945.45 with a loss of 9.30 points and the BSE sensex closed at 13680.83 with a loss of 25.70 points. Eventhough the closing prices donot suggest, there was lot of volatility in the markets. The FII activity was subdued and they were net buyers in cash segment for 295 crores, sellers in index futures for 70 crores and sellers in stock futures for 200 crores.

The outlook for 24Nov06 is not very encouraging. The markets might open with some weakness and go up in the laterpart of the day. The rollover in the futures has already begun. Upgrade your stoploss on Nifty futures to 3900.00

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 23Nov06

Buy ABB in futures above 3600.00
Buy Cummins in futures above 287.50
Buy India Cements in futures above 229.30
Buy Nicolas Piramal in futures above 248.35
Buy Reliance Energy in futures above 562.50

Exit short in Siemens and go long above 1373.00
Exit short in Tata Tea above 731.00

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), CNX IT, Nifty (3890.00), ACC (1035.00), Bank OF India (182.00), BEL, Bharti, Divis Lab (2915.00), HCL Tech (636.00), HDFC Bank (1065.00), IFlex (1511.00), ICICI Bank (827.00), Infosys Tech(2134.00), IVRCL, JP Hydro (29.00), Jet Airways, Mphasis BFL, NTPC, PNB (518.00), Satyam, SBI(1223), Strides Arcolab, Sun Pharma, Suzlon, Syndicate Bank (80.50), TCS, UTI Bank and Wipro.

Hold your short positions in (Price in bracket is the stop loss):
Dr.Reddys, Escorts, GSK Pharma(1155.00), Hindalco(178.70), Ranbaxy, Sterlite, Tata Motors and Titan Industries.

Please note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 23Nov06

Today the markets were positive throughout the day except for a small deceptive dip towards the end of the day. Even though the sensex gained close to 100 points the advance decline ratio was not very encouraging. The NSE Nifty closed at 3954.75 with a gain of 36.50 points and the BSE sensex closed at 13706.53 with a gain of 90 points. The FIIs were net buyers in the cash market for 560 crores, 365 crores in index futures and 79 crores in stock futures. There is nothing much we can derive from it though. Siemens was the star of the day with a gain of close to 12% towards the end of the day.

The outlook for 23Nov06 is positive and the Nifty might test the psychological level of 4000. It appears that the NIfty has broken out of the narrowing trendlines on the upper side. Still caution is advised and we might see some profit booking towards the end of the day.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesn't reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading Calls for 22Nov06

Buy BEL in futures above 1171.00
Buy Bharti Tele in futures at current levels
Buy IFlex in futures above 1620.00
Buy IVRCL in futures above 383.00
Buy Satyam Comp in futures above 459.00
Buy Strides Arcolabs in futures at current levels
Buy Suzlon in futures above 1461.00

Hold your long positions in (Price in bracket is the stop loss):
Bank Nifty (5900.00), CNX IT, Nifty (3865.00), ACC (1035.00), Bank OF India (182.00), Divis Lab (2915.00), HCL Tech (614.00), HDFC Bank (1065.00), ICICI Bank (827.00), Infosys Tech, JP Hydro (29.00), Jet Airways, Mphasis BFL, NTPC, PNB (518.00), SBI, Sun Pharma, Syndicate Bank (80.50), TCS, UTI Bank and Wipro.

Hold your short positions in (Price in bracket is the stop loss):
Dr.Reddys, Escorts, GSK Pharma(1155.00), Hindalco(178.00), Ranbaxy, Siemens, Sterlite, Tata Motors, Tata Tea and Titan Industries.

Please note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Buy call(cash market) on Malu paper mills provided 3-4 days back at 21.00 levels has reached 26.20 and hit the 20% circuit today.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 22Nov06

Today also, as predicted markets were positive and Nifty sustained above 3900.00 to march ahead till 3920.00 I would not advise to go long in this too as the next resistance of 3940.00 is very close. Think to long in in Nifty only after a close above 3940. The NSE Nifty closed at 3918.25 with a gain of 62.10 points. The gain sustained throughout the day and there was no slip in the entire day. The BSE sensex closed at 13616.77 with a handsome gain of 186 points. The FIIs were net buyers in all segments today. They were net buyers in cash segment to the tune of 222 crores, Index futures to the tune of 630 crores and stock futures to the tune of 31 crores. The shorts at the lower levels of yesterday are definitely trapped and a few of them might have covered their shorts at a loss today around 3900.00 The markets went up with a good advance decline ratio as well.

The outlook for tomorrow is sideways. Watch out for the spot Nifty level of 3930.00 which is very crucial for further rise in the market. The trendlines in Nifty are narrowing and the breakout can happen on any side. Upgrade your stop loss on Nifty futures to 3865.00

Disclaimer: The recommendations provided would be purely on my personal opinion and doesn't reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 21Nov06

Buy CNX IT index in futures above 5120.00
Sell Dr.Reddys in futures at current levels
Sell India Cements in futures below 204.00
Sell IndusInd Bank in futures below 42.00
Buy JP Hydro in futures above 32.40
Buy TCS in futures above 1132.00
Buy Wipro in futures above 563.00

Buy call on Infosys given on 16Nov06 triggered today above 2220.00 Hold long position.

Exit long in Bank Nifty below 5900.00, Nifty below 3794.00, ACC below 1035.00, Bank of India below 182.00, Divis Lab below 2820.00, HDFC Bank below 1065.00, ICICI Bank below 827.00, SBI below 1183.00, Syndicate Bank below 80.50

Hold your short positions in Escorts, GSK Pharma, Hindalco, Ranbaxy, Siemens, Sterlite, Tata Motors, Tata Tea and Titan Industries.

Hold your long positions in Jet Airways, Mphasis BFL, NTPC, Sun Pharma and UTI Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 21Nov06

Today also the markets moved as per expectations. The outlook was not positive for today and the markets crashed to the intraday low of 3794.30 i.e., a loss of 58 points and recovered to close at 3856.15 with a meager gain of 3 points. The BSE sensex also lost close to 230 points in the intraday trade and closed at 13430.71 with a nothing gain of 1.23 points. There was 230 points lost and gained in a single day. There was enough strength in the market to push it back above the crucial level of 3840.00 I still stand on my opinion that the markets have to close below 3840 for two consecutive sessions to turn bearish. The FII figures were not very encouraging as they were net sellers in the capital market segment to the tune of 300 crores, net sellers of 1050 crores in index futures, net sellers of 345 crores in index potions and net sellers of 250 crores in stock futures. They are net sellers in index futures for 1500 crores in the last two days.

The outlook for 21Nov06 is sideways to positive. It appears that the bears who have short sold today would be trapped and the markets might open with a gap up opening. On the upper side watchout out for the level of 3900. If this is taken out then 3920 is possible. Please donot go and short sell Nifty futures until it closes below 3840 for 2 consecutive days.

Disclaimer: The recommendations provided would be purely on my personal opinion and does not reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 20Nov06

Sell Alok textiles in futures below 65.00
Sell Ashok Leyland in fututres below 43.40 tor target 42.70 in intraday.
Sell Escorts in futures below 119.00
Sell GSK Pharma in futures below 1115.00
Sell Patni Computers in futures below 383.00
Sell Ranbaxy in futures below 388.00
Sell Siemens in futures below 1170.00
Sell Sterlite Industries in futures below 498.00
Sell Tata Motors in futures below 800.00
Sell Tata Tea in futures below 698.00

Exit long positions in Allahabad Bank below 93.80, Corporation Bank below 409.00, HCL Tech below 614.00, J&K Bank at current levels, Punjab National Bank below 520.00

Hold your short positions in Hindalco and Titan Industries.

Hold your long positions in Bank Nifty, Nifty, ACC, Bank OF India, Divis Lab, HDFC Bank, ICICI Bank, Jet Airways, Mphasis BFL, NTPC, SBI, Sun Pharma, Syndicate Bank and UTI Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 20Nov06

Today also, as expected the NSE Nifty tested the support level of 3840 and recovered to close at 3852.80 with a loss of 24 points. The BSE sensex closed at 13430 with a loss of 76 points. The level of 3840 acted as a good support. The bears attempted to break 3840 trice, but unsuccessfully. Although the nifty made a low of 3835.70 it could not sustain that level. The FIIs were net sellers of just 88.70 crores in cash segment however they were net sellers of 524 crores in index futures, net buyers of 235 crores in index options and net sellers of 105 crores in stock futures. It appears tha the FIIs have sold in index futures and hedges their shorts against the 3850 and 3900 calls.

The outlook for Monday is not very positive. Still, it not advisable to go short in the market at current levels. Watch out for the level of 3840. Convert all your long positions into short if the Nifty closes two consecutive days below 3840.00

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 17Nov06

Mphasis BFL hit our first target. Still looking good. Hold long in futures for second target with stop loss 254.00

Buy Union Bank & IOB in futures above 143.00 & 123.00 respectively.

Buy some more quanities in UTI Bank. No stopping this stock. Will go the ICICI Bank way.

Exit long in Andra Bank if unable to cross 100.00
Exit long in Sun TV below 1390.00
Exit long in Zee Tele at current levels

Sell Ashok leyland in futures below 44.40 for target 43.50 in intraday.
Sell Essar Oil in futures below 53.20 for target 52.25 in intraday.
Sell Titan Industires in futures below 755.00

Hold your short positions in Hindalco.

Hold your long positions in Bank Nifty, Nifty, ACC, Allahabad Bank, Bank Of India, Corp Bank, Divis Lab, HCL Tech, HDFC Bank, ICICI Bank, J&K Bank, Jet Airways, PNB, SBI, Sun Pharma and Syndicate Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary and outlook for 17Nov06

Today the markets were very volatile. As expected the PSU banks joined the party with the private sector banks and made it a all bank rally. At one point of time we could see that all banks were up by 4-5% The NSE nifty closed at 3876.85 bearly 0.55 points up and BSE sensex closed at 13505.89 up by 36.52 points. Again as predicted in the outlook yesterday markets opened on the positive note and made an intraday correction. The NSE nifty tested the levels of 3900 unsuccessfully as it just touched the pivot and started moving back giving up all the gains. The charts show that every fall was accompanied with a good bounce showing the strenght in the markets. The FIIs were undecided in the direction less market and ended up bearly 33.50 crores sellers in cash market. They were 70 crores net buyers in the index futures. Looks like there was some short covering there. FIIs were net buyers of 225 crores in the index options. It appears that they were writing the 3800 put as there was 15% rise in open interest for this strike price. HDFC Bank and ACC were stand out performers as both of them gained over 6% during the day. ICICI Bank also shot up 5% in intraday trade and gave up all its gains in the afternoon session. ONGC and Infosys were the draggers.

The outlook for tomorrow is side ways as the Nifty might try to test the 3840 support level again. The market is in a sideways consolidation zone between 3840-3900. Breakout anyside might see a rally of 100-120 points. The posibility of nifty breaking the 3840 support level appears remote as there is too much caution all around and the markets might decide to go the other way.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 16Nov06

After private sector banks, now is the turn of PSU banks to move.
Buy Andra Bank in futures above 96.50
Buy Bank Of India in futures above 189.00
Buy Punjab National Bank in futures above 560.00
Buy Syndicate Bankin futures above 86.00

Sell Ashok Leyland in futures for intraday below 44.50 - target 43.50

Buy Bharat Forge in futures above 398 for short term. Can go up till 425.00

Buy Infosys and Nalco in futures if sustains above 2220.00 and 220.00 respectively.

Continue to hold your long positions in Bank Nifty, Nifty, Allahabad Bank, Corporation Bank, Divis Lab, HDFC Bank, ICICI Bank, J&K Bank, Jet Airways, Mphasis BFL, Orchid Chemicals, SBI, Sun Pharma, Sun TV and UTI Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

End of day summary(15Nov06) and outlook for tomorrow(16Nov06)

The markets were volatile today. As expected the NSE nifty tried to test the important level of 3840.00 but was unsuccessful as buying emerged in the market at around 3852. Though there is caution advised everywhere, the underlying in the markets are very strong. The NSE Nifty closed at 3876.30 with a gain of 10 points after a fall of 30 points from the days high early in the day. The BSE sensex also closed at 13469.37 with a gain of 44 points after witnessing a 100 points correction in intraday day early in the morning. The FIIs were net sellers in the cash segment to the tune of 84 crores and net buyers in the futures segment to the tune of 418 crores. They were net buyers in index futures alone to the extent of 250 crores. It appears that the FIIs are covering their short positions in the index futures which might provide the additional strength to the markets.

The outlook for tomorrow is positive. We might witness some intraday correction but the markets are poised in such a way that a bounce back from lower levels are very strong. Today the index is all set to test the psychological level of 3900 in NSE and 13500 in BSE. Today also 13500 was shown momentarily but retraced very fast.

Trading calls will be provided shortly for 16Nov06. Keep checking the posts.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesn't reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

Trading calls for 15Nov06

Select Pharma stocks looking for a breakout.

Buy Aurobindo Pharma in futures above 633.00
Buy more Divis Labs in futures if sustains above 3080.00
Buy Ranbaxy in futures above 413.00
Buy Wockhardt Pharma in futures above 438.00
Buy Torrent Pharma in cash above 212.00

Buy Corporation Bank in futures above 426.00. Can go up till 500.00 in medium term.

Add more positions to UTI Bank above 481.00 still looking hot.

Buy Jet airways in futures at current levels for target 670.00 above which there is no stopping. It will just take off.

Sell Hindalco in futures below 176.40 showing weekness technically.

Exit long positions in GAC, Hind Lever, IVRCL, Maharastra Seamless, Punj Lloyd, Suzlon energy and NDTV (below 242.00)

Cover short positions in IOC and BPCL. Some recovery expected in BPCL above 375.00

Hold on to your long positions in Allahabad Bank, HCL Tech, HDFC Bank, ICICI Bank, J&K Bank, Mphasis BFL, Orchid Chemicals, Sun Pharma, Sun TV and Zee Tele.

End of day summary(14Nov06) and outlook for 15Nov06

Today the markets were very volatile eventhough the nifty traded in the very narrow range of 20 points. The NSE index gained and lost 20 points twice before closing with a gain of 7 points at 3865.90 and the BSE sensex also closed at 13425.50 with a gain of 26.50 points. The volumes were back in normal. As expected there was some profit taking after the early morning gains. The FIIs were net buyers of 1270 crores in the cash market and net sellers of 90 crores in stock futures. They were net buyers of 90 crores in index futures. Frontend technology stocks along with ICICI bank helped the index stay steady.

The outlook for 15Nov06 doesnot look promising and the markets might open on a weak note. The nifty levels of 3840 will be tested. If the nifty closes below 3840 for 2 consecutive days, I foresee a correction of another 120 points from here till 3720. If markets hold 3840 successfully then new highs can be seen in coming days. Day traders are advised to stay out until a clear trend is visible.

Trading calls for 14Nov06

ACC back in action. Buy in futures above 1038.00
Buy Divis Lab if sustains above 2970.00
Buy Gail in futures above 268.00 Breaking out after a big consolidation. Minor resistance at 275.00 thereafter can move up till 295.00
Buy Mphasis BFL above 246.00 has a target of 265.00
Buy NDTV at current levels. Looks good for a target of 290.00

Buy nifty futures above 3875.00, Allahabad bank futures above 96.30 and ashok leyland futures above 47.60

Hold your positions in GAC, HCL Tech, HDFC Bank, ICICI Bank, IVRCL Infra, J&K Bank, Maharastra seamless, Orchid Chem, Punj Lloyd, Sun TV and UTI Bank.

Investors who are interested in small stocks can accumulate Malu Paper Mills in cash market at current levels(21.30). First target of 24.00, if sustains above for couple of days can zoom up till 37.00
Trading at a very low P/E multiple.

End of day summary(13Nov06) and outlook for 14Nov06

Today the markets closed at an all time high, but was not backed by volumes. The volumes in NSE was at the one month low. The NSE Nifty closed at 3858.75 with a gain of 24 points and the BSE sensex closed just a point shy of 13400 at 13399 with a handsome gain of 116 points. The stars of the day were Bharti Tele, Zee tele and ICICI bank. As expected the private sector banks performed well and the outlook on them is still positive. The infrastructure stocks also joined the party. The FIIs were net buyers in the cash market to the tune of 445 crores and net sellers of 140 crores in the futures market, mostly in the index futures, which shows the underlying strength in the market.

The outlook for 14Nov06 is that the markets are expected to open in a good note. We will wait and watch on how the day shapes up. I expect some profit taking towards the end of the day. Please check the trading calls for the movers and shakers for the day.

Trading calls for 13Nov06

Private sector banks will steal the limelight today. All are looking very good.

Buy HDFC Bank futures above 1050 for target 1100, has an intraday target of 1070.
Buy ICICI Bank futures above 834 for target 900 and above.
Buy IndusInd Bank futures above 50.00 with stoploss 46.80 for a target of 64.00, has an intraday target of 51.50
Buy J&K Bank futures above 523.00 for a target of 555.00
Buy UTI Bank futures above 453.00 for a target of 495.00
Above all, buy Bank Nifty Futures above 5800.00 for target 6100.00

SBI is also looking good. Buy in futures above 1154.00 with stoploss 1100 for target 1200.00

Buy HCL Tech above 630.00, Matrix labs above 274.00, Sun Pharma above 971.00

Hold your long positions in GAC, HLL, IVRCL, Maharastra seamless, Mphasis BFL, Punj Lloyd, Orchid Chem, Sun TV and Satyam Computers.

Oil marketing stocks continue to look week. Hold your short positions in BPCL, HPCL & IOC. Maruti also looking week.

Outlook for the coming week - 13Nov06 to 17Nov06

Broad Market Trend :
Momentum in select counters along with the sectoral rotation of funds continues to drive the market higher. But a micro analysis of the market shows that more than 30% of the Nifty stocks are already in a phase of a deep correction. So the market breadth is really not that healthy as the index movements. Yet, the bullish tone in some of the market heavyweights ensures that the indices continue to make higher supports. This time around, a new support base has been created above the Nifty level of 3725-3735 and the Sensex level of 12900-12950. The next important targets on the upside are at the Nifty levels of 3890, 3920 and the Sensex levels of 13470, 13570.

The week that went by - 06Nov06 to 10Nov06

Hi Everybody,

Its been 6 days since I started posting calls in this blog. I thought it would be great to share with you the quality of the calls posted till date. Undoubtedly there are some hits and some misses, but most of the calls are still in progress. There have been some run away hits as well. Check out the percentage gains in Hind lever, IVRCL, Punj Lloyd, maharastra seamless, Sun TV and orchid chemicals where the stocks gained over 5% in 5-6 days, which is an amazing result. Just compare this with the mutual funds who assure you 15% gain in an year.

I hope that I will be in a position to give good calls continue in the days to come. Here is the detailed report on the calls given. Check it for yourself.
Call status till date

Name Date entered Entry Price Exit date Price Current price Status Gain %Gain
Hind lever 3-Nov-06 237.00 253.00 call in progress 16.00 6.75
IVRCL 3-Nov-06 317.00 350.00 call in progress 33.00 10.41
Punj lloyd 3-Nov-06 815.00 931.00 call in progress 116.00 14.23
M seamless 6-Nov-06 429.00 472.00 call in progress 43.00 10.02
Jet airways 6-Nov-06 635.00 623.00 call in progress -12.00 -1.89
Dr.reddys 6-Nov-06 680.00 10-Nov-06 675.00 stoploss hit -5.00 -0.74
CESC 6-Nov-06 338.00 326.00 stoploss hit -12.00 -3.55
Century Tex 6-Nov-06 566.00 580.00 call in progress 14.00 2.47
Bank Baroda 7-Nov-06 268.00 7-Nov-06 260.00 Intraday sell call target hit 8.00 2.99
OBC 7-Nov-06 247.00 7-Nov-06 240.00 Sell call target hit next day 7.00 2.83
GAC 7-Nov-06 132.00 135.00 call in progress 3.00 2.27
IFCI 7-Nov-06 13.35 13.30 call in progress -0.05 -0.37
REL 7-Nov-06 512.00 525.00 call in progress 13.00 2.54
Divis Lab 7-Nov-06 2-3 days sell call 65.00
Cipla 8-Nov-06 270.00 270.00 call in progress 0.00 0.00
GSKPharma 8-Nov-06 1180.00 1185.00 call in progress 5.00 0.42
Sun TV 8-Nov-06 1310.00 1433.00 call in progress 123.00 9.39
J&K Bank 9-Nov-06 495.00 514.00 call in progress 19.00 3.84
Orchid chem 9-Nov-06 212.00 223.00 call in progress 11.00 5.19
satyam comp 9-Nov-06 428.00 427.00 call in progress -1.00 -0.23
suzlon energy 9-Nov-06 1406.00 1429.00 call in progress 23.00 1.64
BHEL 10-Nov-06 2390.00 10-Nov-06 440.00 Intraday target hit 50.00 2.09
Mphasis BFL 10-Nov-06 234.00 10-Nov-06 233.00 Intraday call failed -1.00 -0.43

Trading calls for 10Nov06

Buy BHEL futures at 2390 levels for an intraday target of 2440

Buy Mphasis BFL futures at current levels with stop loss 227 for an intraday target of 242

Short term calls(30-45 days):
Buy Ashok leyland futures at current levels with stop loss 46.50 for a target of 54
Buy Dabur futures at current levels for a target of 180

Exit long positions in Century Textiles and Dr.Reddys for the time being. Side ways consolidation expected.

Hold on to your long positions in Cipla, Guj Amb Cem, Hind lever, IVRCL, J&K Bank, Maharastra Seamless, Orchid chem, Punj Lloyd, Satyam Computers,Sun TV and Suzlon energy.

Market summary and trading calls for 09Nov06

As expected the markets were very choppy yesterday and recovered in the fag end of the day. The upmove at the end of the day was pure short covering. The Nifty closed at 3777.30 with a loss of 22 points and sensex closed at 13072 with a loss of 84 points. Reliance Industries was a major contributor to the market fall. The FII figures for 08Nov06 are not very encouraging. FIIs were net sellers of 57 crores in the cash segment and 770 crores in the futures segment.

The outlook for 09Nov06 is not very positive. If the markets opens strong then the traders are advised to take short positions. The nifty may once again test the support levels of 3750 and 3730 today. Think to take long positions only if it sustains above 3795.

Trading Calls:

No intraday calls

Buy J&K Bank, Orchid Chemicals, Satyam Computers, Suzlon Energy at current levels for short term.
Buy SRF if sustains above 242
Buy TVS Motors if sustains above 105
Buy Bajaj Auto at lower levels for 2 days. Exit long on Friday.

Sell Bank Of Baroda, BPCL, Sterlite Industries at current levels for 3-4 days
Sell Hero Honda with stop loss 741

Exit long positions in Bharat Forge and Reliance Industries.

Hold on to your long positions in Cipla, Dr.Reddys, Gujarat Ambuja Cement, IFCI, IVRCL, Maharastra Seamless, Punj Lloyd and Sun TV.

Trading calls for 08Nov06

Nifty showing signs of reversal. Keep a close eye on 3775. Break with volumes might take it to 3720-3725.

Pharma stocks looking good.
Buy Cipla with a stop loss of 264, Dr.Reddy's with a stop loss at 775 and GSK Pharma. All looking very good.

Exit long positions in ACC and India Cements. Showing signs of tiring. Gujarat Ambuja Cement still looking strong.

Buy SUN TV. Good upmove expected. Can go up 50-60 rupees today itself.

Buy ABB and Essar Oil at lower levels. HDFC Ltd looking very good.

Hold on to Century Textiles, Hindustan Lever and IVRCL.

Oil marketing stocks will continue to bleed. Hold sell positions in BPCL, HPCL and IOC.

End of day summary - 07Nov06

Today the stock markets opened on a positive note and started to slide down as the day progressed. Eventhough there was an attempt to climb up once, the upmove did not sustain and the bears took the markets down and closed at the day's low. The NSE closed at 3798.75 with a loss of 10 points and the BSE closed with a loss of 30 points at 13156.66, there by slashing the four consecutive upmove in a row.

There was much more stock specific action as Infosys shoot up giving the required support to the index. The draggers were reliance and the oil marketing companies. The FIIs were net buyers in the cash and stock futures but were net sellers in the index futures, which suggests that the markets might slide further down in the immediate short term.

Tomorrow the markets are expected to open weak and climb up during the course of the day. Watchout for the important nifty levels of 3770 and 3720. If the nifty closes below 3720, then the markets will get into a serious correction mode.

Market Summary and Trading Calls for 07Nov06

Today both the Indian stock markets NSE and BSE traded in a very narrow range. The nifty closed at 3809.25 with a minor gain of 4 points whereas the sensex closed with a gain of 56 points at 13187. This was the third consecutive all time high close for the indices. However the indices did not reflect the stock specific action. Good action was seen in cement stocks, reliance Industries, Hindustan Lever and some metal stocks. Some disappointments came from ONGC, oil marketing and automobile stocks. FIIs were net buyers to the tune of 220 crores which reflects the strength in the markets even at these levels. However it is advisable to trade cautiously.

The outlook for 07Nov06 is positive. A renewed wave of buying interest in the US markets backed by some better than expected economic data has pushed the markets above the crucial resistance levels. This could push the emerging markets higher as the expectations raise. Sectorially cement and infrastructure stocks would continue to do well.

Trading Calls for 07Nov06:

Cement stocks continue to do well. Buy ACC, Gujarat Ambuja Cement and India Cements. They are still looking good.

Banking stocks have turned weak technically.
Sell Bank OF Baroda futures for target of 260 - Intraday call
Sell Oriental Bank of Commerce for target of 240 - Intraday call

Sell Divis Lab for 2-3 days period. Some correction expected.

Buy IVRCL, IFCI and Reliance Energy. All looking technically very good.

Keep a close watch on Tata Steel. Looking for a reversal on the upside. Can shoot up anytime.

Continue to hold on to your long positions in Bharat Forge, Century Textiles, Dr.Reddys, Hindustan Lever, Maharastra Seamless, NDTV, NTPC, Punj Lloyd, Reliance Industires & Tata Power. Continue to hold short positions in Tata Chemicals.

Trading calls for 06Nov06

Cement stocks are looking very hot.
Buy ACC, Gujarat Ambuja Cement and India Cements. All looking good.

Buy Maharastra Seamless futures at current levels with strict stop loss of 412. Ready for a big upmove.

Buy Jet Airways in futures if sustains above 635. Worst is over for this stock. Will take off very shortly.

Buy Dr.Reddy's in futures with a stop loss of 775 for target 800 & 820

Buy CESC in futures with stoploss 326. Target 345 & 363

Watch out for Colgate , Escorts, IFCI and Strides Arcolabs. Technical break out possible any time.


Buy Bharat Forge, Century Textiles, Matrix Labs, NDTV, NTPC, Punj Lloyd, Reliance Industries, Tata Power, Wockhart Pharma. All looking very good.

Sell Alok Textiles, Arvind Mills, Cipla, Gail, IDFC, Polaris, Tata Chemicals, Vijaya Bank. Technically looking weak.

End of Day Summary-03Nov06

As expected the markets remained bearish for the entire day and spiked up in the last half hour of trade due to short covering. The Nifty closed with a gain of 14 points at 3805 and the sensex closed at 13130 with a gain of 40 points. This was the all time high close for the second day in a row for the indicies. Even though ONGC, an index heavy weight gained over 4% in the early trade other index stocks looked bearish, especially the tech stocks. In the last 30 mins the markets came alive with Relaince Industries and Reliance energy shoting up in the closing minutes of trade. Overall the market breadth was negative with the number of declining stocks higher than the number of advancing stocks.

The outlook for Monday looks positive and the markets might start on a good note backed by Relaince Industries which I expect to take the indicies higher. However traders are advised to exercise caution, as 13200-13300 would act as a resistance and the markets might witness some healthy correction of 1000-1200 points shortly. Day traders are advised to stay out of long positions at these levels.

The trading calls for 06Nov06 would be provided shortly. Keep checking this blog to earn some good money. At the moment enjoy your weekend.

Trading calls for 03Nov06

Buy BEL futures at current levels for target 1135 - Pure Intraday Call
Buy Patni computers futures at current levels for target 415-426 - Pure Intraday Call

BUY BUY BUY Reliance Capital looking super hot. Target 640

Buy Maruti for target 1010

Buy Bharat Forge, Bharti tele, Dabur, Dr.Reddy's, Hindustan Lever, IVRCL all looking very good.

Sell Aolk textiles, Cipla & Tata chemicals. Technically looking very weak.

End of Day Summary

Hi,

Today the stock markets closed at its all time high. The indicies rallied hard on the back of ONGC and Reliance, the two heavyweights. The nifty closed at 3791.20 with a gain of 24.15 points and BSE sensex ended at 13091 with a gain of 58 points. Eventhough the sensex gained 105 points in the intraday trade it closed with a gain of 58 points on some profit taking by the day traders towards the end. The outlook for tomorrow is flattish to bearish. The European and the US markets trading weak might influence our markets to open weak.

Recommendations for 03Nov06 will be provided before markets open tomorrow. Keep reading.

Trading calls for 02Nov06

Buy NDTV futures for BTST above 231.
Buy Reliance Industries current levels for BTST

This is my first post.

I am here to provide the Indian stock market investors about my view on the markets. This blog will provide you the recommendations to buy or sell a stock purely on technical analysis.

I will be posting my first set of recommendations shortly, so please keep an eye on this blog. All recommendations are for swing trading i.e., entry and exit into an stock within a time frame of 15-20 days.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.