Trading Calls for 02Jan07

NSE Nifty : 3966.40 -4.15 BSE Sensex : 13786.91 -59.43

FII Activity:
Cash Segment : 6.94 crores net sellers
Index Futures : 87.83 crores net sellers
Stock Futures : 172.21 crores net sellers

There was not much activity in the markets on friday. It traded with very thin volumes. The FII activity is also very poor. Looks like most them are on a holiday.

Outlook for 02Jan07:
We can see more action on Monday. The markets are expected to remain strong till the result season and we could see stock specific action from then on. The Nifty should take support at 3960-3940-3918 and sould face resistance at 3990-4007-4041.

Buy ACC in futures above 1115.00 for target 1157.00 and 1200.00
Buy Bank Of India in futures at current levels for intraday target of 212.00
Buy Bharat Forge at current levels for intraday target of 375.00
Buy VSNL above 434.00 for target 452.00

Sell Alok Ind below 67.75 with stoploss of 71.00

Cash Calls:
Buy Aarti Ind above 31.00
Buy BEML above 1035.00 for target 1075.00 and 1165.00
Buy D-Link India at current levels for target 105.00 and 113.00
Buy National Steel above 21.75 with SL 20.00 for target 23.50 and 25.50
Buy Shah Alloys above 166.00 for target 183.00 and 210.00 SL 142.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(610.00), Dr.Reddys(786.00), India Cements(226.00), Jet Airways(590.00), Polaris(164.00), Satyam(470.00) and STAR(338.00).

Hold your short positions in (Price in brackets is the stop loss):
HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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.

Outllok and Trading calls for 29Dec06

NSE Nifty : 3970.55 -3.70 BSE Sensex : 13846.34 -13.35

Advance Decline ratio - 5:6

FII Activity:
Cash Segment : 1022.55 crores net sellers
Index futures : 231.37 crores net sellers
Stock Futures : 321.11 crores net buyers

Outlook for 29Dec06:
The opening in the market might be flat but might close strong today as the first day of the January contract begins today. There are 26 new stocks being added to the F&O segment from today. Notable stocks are Bajaj Hindustan, Balrampur Chini, JP Associates and Tata Teleservices (Maharastra) Ltd. The Nifty might take support at 3941 and 3926 and might find resistance at 3985, 4002 and 4036.

Trading calls for 29Dec06:

There are no calls in futures segment today.

Cash Calls:
Buy Classic diamonds above 525.00 with stoploss 496.00
Buy Harrison Malayalam at current levels for target 86.00 and 96.00
Buy Jayasree Tea above 140.50 for target 147.00 and above.
Buy Mcleod Russel above 103.50 for target 110.00 and above.

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(590.00), Dr.Reddys(773.00), India Cements(219.00), Jet Airways(590.00), Polaris(150.80) and Satyam(449.00).

Hold your short positions in (Price in brackets is the stop loss):
HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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 28Dec06

NSE Nifty: 3974.25 +33.75 BSE Sensex: 13859.69 +151.35

FII Activity:
Cash : -157.41 crores
Index futures : +32.33 crores
Stock futures : +412.44 crores

Outlook for 28Dec06:
The markets will open storng and will be very volatile in the later part of the day as today is the day of F&O expiry. Nifty will face resistance at 4002 and 4036 and will find support at 3948 and 3916. Yesterdays upmove indicated that the underlying the market is very strong. i donot see any big sell off in the near future. A small correction here and there is always possible.

Trading Calls for 28Dec06:

No calls in futures as today is the expiry and will be very volatile.

Buy Divis Lab in Cash above 3030.00 for target 3130.00
Buy East India Hotels Ltd in cash above 115.50 S.L 103.00 for target 124.00
Buy Gufic Biosciences in cash above 12.25 S.L 9.50 for target 14.00 and 16.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(590.00), Dr.Reddys(773.00), India Cements, Polaris(150.80) and Satyam(449.00).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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 27Dec06

Buy Jet Airways in futures above 612.00
Buy Patni Computers in futures above 422.60 for target 435.00 and 458.00
Buy SBI in futures above 1265.00 for target 1283.00
Buy STAR in futures above 352.40

Buy Solar Explosives in cash above 156.00 for target 164.00
Buy MRO-TEK in cash at current levels for target 65.00 and 72.00

Exit short in Hindalco at current levels.

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(590.00), Dr.Reddys(773.00), India Cements, Polaris(150.80) and Satyam(449.00).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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 22Dec06

There were no calls on 19th,20th and 21st Dec06 as I was on a vacation.

End of day summary:

NSE Nifty : 3833.50 +17.95 points
BSE Sensex : 13384.86 +44.65 points

FII Activity:

Cash - 253 crores net buyers
Index - 301 crores net sellers
Futures - 52 crores buyers

Outlook for 22Dec06:

Do not get fooled by yesterday's up move. This was just short covering. Today the markets will open on the higher side but later it will definately slide down. The NSE Nifty has resistance at 3858.00 and 3901.00 levels. It should take support at 3790.00 and 3727.00 levels. Most of the nifty stocks are looking weak. Bank stocks are looking weak aswell.

Trading calls for 22Dec06:

Sell Bank Nifty Futures below 5660.00
Sell ABB in futures below 3457.00 for target 3365.00
Sell BPCL in futures below 314.45 for target 303.50
Sell Hindalco in futures at current levels for target 166.00
Sell SBI in futures below 1183.00

Buy Maharastra Seamless in futures above 458.50 for target 481.00

Buy NIIT Ltd in cash at currentlevels. Technically looking very good.

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(590.00), Dr.Reddys(773.00), India Cements, Polaris(150.80) and Satyam(449.00).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), Cipla(251.20), HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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 18Dec06

End of Day Summary (15Dec06):
NSE : 3888.65 +45.60 Points
BSE : 13614.52 +127.36 Points

FII Figures :
Cash segment - +374.28 crores
Index Futures - +128.45 crores
Stock Futures - +175.53 crores

Outlook for Monday 18Dec06:

Today the markets will be definately volatile. It will open on the higher side and I suppose will close on the lower side. The Nifty has a near support at 3866.00 and far support for 3790.00 which is very crutial for determining the next trend of the markets. The Nifty has a near resistance at 3930.00 and far resistance at 4000.00 levels. I would boldly recommend to go short at the higher levels. At the end of the day whether the Nifty closes above or below 3930.00 is the question.

Trading calls for 18Dec06:

Buy Canara Bank in futures at current levels for intraday target of 285.00
Buy Dabur in futures above 149.25
Buy Hindalco in futures above 181.60
Buy Tata Motors in futures above 868.00 for target 885.00 and 900.00

Buy Educomp in cash above 734.00
Buy Shubash Projects in cash above 239.00 with stoploss 221.00 for target 261.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland, BEL, Bharti, Dr.Reddys, India Cements, Polaris(124.70), SRF and Satyam.

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), Cipla(251.20), HLL(233.00) and Suzlon (1333.00).

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. Keep checking the stoplosses. It is updated everyday.

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 15Dec06

End of day summary:
NSE : 3843.05 +77.85 points
BSE : 13487.16 +305.82 points
Advance Decline Ratio : 8:1

Outlook for 15Dec06:
The opening in the market will be definately strong. The Nifty will face resistance at 3860-3887-3920 levels. Be cautious at higher levels. I would suggest to cover all your long positions when Nifty is around 3880-3885 levels and wait to watch how the afternoon shapes up.

Buy BEL in futures above 1335.00 for target 1400.00
Buy Mphasis BFL in futures for intraday target of 262.00
Buy Reliance communication in futures for intraday target of 466.00
Buy Satyam in futures above 470.00
Buy SRF in futures above 190.50 for target of 199.00-205.00-210.00
Buy VSNL in futures above 401.00 for target 416.00

Buy Foursoft in cash above 70.50 for target 80.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland, Bharti, Dr.Reddys, India Cements and Polaris(124.70).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), Cipla(251.20), Corp Bank(335.00), Escorts(107.90), HLL(233.00),Suzlon (1333.00) and Tata steel.

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. Keep checking the stoplosses. It is updated everyday.

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 14Dec06

Buy GMR Infrastructure in futures above 343.00 for intraday target of 352.00

Buy Ashok Leyland in futures at current levels
Buy Bharti in futures above 605.00 with stoploss 555.00
Buy Dr.Reddys in futures above 805.00
Buy India Cements in futures above 208.75 for target 220.00

Sell Tata Steel in futures at current levels for target 380.00

Buy Shiv-vani oil and gas in cash above 257.50

Hold your long positions in (Price in brackets is the stop loss):
IFlex(1955.00) and Polaris(124.70).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), Cipla, Colgate(376.00), Corp Bank(393.00), Escorts, HLL(243.50), HPCL (273.20), IOC(426.00), Sun TV (1285.00), Suzlon (1333.00) and UTI Bank(451.00).

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. Keep checking the stoplosses. It is updated everyday.

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 14Dec06

As expected the markets bounced back today from the lower levels. It was volatile though. The level of 3700.00 is acting as a good support. The volumes were good in the market suggesting that this is not a dead cat bounce. The advance decline ratio was also good at 3 advancing stocks to veery 1 declining stock. The NSE nifty closed at the day's high at 3765.20 with a gain of 48.30 points and the BSE sensex closed at 13181.34 with a gain of 186.32 points. The FII figures also suggested the end of correction as they were net buyers in cash and stock futures for 24.52 crores and 300.34 crores respectively. They were net sellers in the index futures for 284.52 crores. There was good buying in lot of nifty stocks.Reliance communication was the biggest gainer of the day.

Tomorrow is the decisive day where the actual trend of the market can be determined. If the Nifty holds 3700.00 at the end of the day we can assume that the correction is over and the market will recover slowly, otherwise we can expect one more round of selling upto 3500.00

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 13Dec06

There are no calls for today.

Hold your long positions in (Price in brackets is the stop loss):
IFlex(1955.00) and Polaris(124.70).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), Cipla, Colgate, Corp Bank(393.00), Escorts, HLL(243.50), HPCL (299.00), IOC(465.00), Sun TV (1516.00) and UTI Bank.

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. Keep checking the stoplosses. It is updated everyday.

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 13Dec06

Today was the third consecutive day of downfall, the biggest in three days. Today's overall volume was huge and the advance decline ratio was very poor with 1 advancing stock to every 13 declining stocks. All the index stock was hit badly and the midcap stocks were not spared either. The NSE Nifty closed at 3716.90 with a loss of 132.60 and BSE sensex closed at 12995.02 with a loss of 404.41 points. The BSE sensex intraday low of 12800.00 made it a fall of 1200 points in 3 days. The Fiis were net buyers in cash market for 258.82 crores, net sellers in index futures for 415.28 crores and net buyers of 480.58 crores in stock futures.

Tomorrow the fall is definately not as huge as today and the markets will bounce back from lower levels. The first indication is the buying in the stock futures by FIIs today after a huge selloff in the past few days. The second indication is the fibinacci retracement levels which indicate support around 3720.00 levels. If the markets close decisively below this level for two consecutive days we could see selling upto 3506.00 levels. I would boldly suggest buying at every lower level from here on. On the upper side the resistance is at 3850 and 3890 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.

Trading calls for 12Dec06

There are no calls for today.

Most of the banks have made a gap down opening yesterday. It is safe to sell if sustains below yesterday's low.

Hold your long positions in (Price in brackets is the stop loss):
ABB(3670.00), BEL(1195.00), BHEL(2480.00), IFlex and Polaris(124.70).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), Cipla, Colgate, Corp Bank(393.00), Escorts, HLL(243.50), HPCL (299.00), IOC(465.00), Sun TV (1516.00) and UTI Bank.

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. Keep checking the stoplosses. It is updated everyday.

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 12Dec06

It was a black monday followed by a black Friday. Huge fall in the markets. Correction was always round the corner. Over 570 points wiped out of BSE sensex in 2 days. There wasnt a single gainer in Nifty today. The over heated bank stocks finally saw some meaningful correction. The NSE Nifty closed at 3849.50 with a loss of 112.50 points whereas the BSE sensex closed at 13399.43 with a loss of 400.06 points. The FIIs were net buyers in the cash market for 334.21 crores, net sellers of huge 1250.56 crores in index futures and 82.62 crores in stock futures. This very well indicates that the correction is not yet over. The advance decline ratio was also very poor at 1 advancing stock to every 9 declining. The cut was deeper in the large cap stocks as compared to midcap and small cap stocks.

The outlook for the medium and long term is still bullish. The bull run is intact. In the short term I expect the Nifty to take support at 3720 levels. I donot see this level being broken shortly but if that happens then the next support for Nifty is at 3506 only. For tomorrow the markets will definately open weak and might see some recovery in the second half. 3720 is possible in intraday itself. On the higher side the resistance is at 3882 and 3934.

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 11Dec06

Sell Colgate in futures below 371.40
Sell Escorts in futures below 111.90 with stoploss 122.65
Sell UTI Bank in futures below 461.00

Buy FCI OEN Connectors in cash above 450.10 with stoploss 414.00
Buy Teledata Informatics in cash above 19.10 with stoploss 15.45

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3670.00), ACC (1098.00), Alok Ind(70.35), Bajaj Auto(2655.00), BOI (199.75), BEL(1195.00), Bharti (627.50), BHEL, Federal Bank (222.25), HDFC Bank (1075.00), IFlex, ICICI Bank (849.50), IDBI, Infosys Tech(2197.00), Maruti(930.00), MRPL(41.25), Polaris(124.70), SBI(1340.00), Sun Pharma (977.00) and Tata Motors (861.00).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), Cipla, Corp Bank(393.00), HLL(243.50), HPCL (299.00), IOC(465.00) and Sun TV (1516.00).

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. Keep checking the stoplosses as it is updated everyday.

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 11Dec06

Today can be said as a black friday as this kind of correction was not seen in a long time now. The Nifty NSE closed at 3962.00 with a loss of 53.35 points. The BSE sensex closed at 13799.49 with a loss of 172.54 points. The advance decline ratio was 1:2 The FIIs were net sellers in the cash market for 204.58 crores, 1087.26 crores in index futures and 105.82 crores in stock futures. The markets were overall in a sell mode as there were only a handful of nifty stocks in positive. The selling was more aggressive in index stocks than the midcap and small cap stocks. The expections were IFlex and Polaris which went up by 17% and 9% respectively.

Monday is the desicive day. If the Nifty trades below 3944.00 you can safely assume that the correction has started in market. My assumption is that the correction might take it till 3750.00
On monday the Nifty will take support at 3944-3898-3840 and face resistance at 4005-4033-4067.

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 08Dec06

Buy Ashok Leyland in futures above 46.00 stoploss 42.55
Buy Hindalco in futures above 187.00 stoploss 176.00
Buy Indusind Bank in futures above 49.70 stoploss 46.10
Buy Reliance Industries in futures above 1328.00 stoploss 1270
BHEL buy call on 05Dec06 triggered today. Hold Long

Short sell more of Sun TV below 1393.00
Short sell Suzlon in futures below 1345.00 stoploss 1401.00

Note that there will be more cash calls from now on as the focus is shifting towards the midcap/smallcap stocks.

Buy Alps Ind in cash above 85.50 stoploss 76.00
Buy Liberty Shoes in cash above 155.25 stoploss 136.00
Buy Shreyas Shipping in cash above 122.60 stoploss 109.00
Buy Yes Bank in cash above 142.20 stoploss 123.00

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3670.00), ACC (1035.00), Alok Ind(70.35), Bajaj Auto(2620.00), BOI (195.50), BEL(1172.00), Bharti (615.00), Canara Bank(306.00), Federal Bank (220.30), Glaxo (1182.00), HDFC Bank (1075.00), IFlex, ICICI Bank (849.50), Infosys Tech(2134.00), Maruti(930.00), MRPL(41.25), Polaris(124.70), Reliance Capital(598.00), SBI(1340.00), Sun Pharma (967.00), Tata Motors, Tata Power(591.00) and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):BPCL (366.50), Corp Bank(393.00), HLL(245.00), HPCL (299.00), IOC(465.00) and Sun TV (1516.00).

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. Keep checking the stoplosses as it is updated everyday.

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 08Dec06

As expected the markets opened weak and recovered to end flat. There was not much action and the highlight of the day was the roaring performance of ABB and the Nifty futures turning to discount from premium. The NSE nifty closed at 4015.35 with a loss of just 0.60 points and the BSE Sensex closed at 13972.03 with a gain of 23.03 points. The FIIs were net sellers in cash for 152.87 crores, in index futures for 65.28 and stock futures for 209.31 crores. The overall volumes in the days trade was also poor. The advance decline ratio was 4:5 suggesting nothing.

The outlook for tomorrow is positive as it might be a day of short covering. The markets might open positive and remain positive for the entire day except for a minor dip here and there. The Nifty will take support at 4000-3965-3950 and find resistance at 4035-4058.

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 07Dec06

Sell Cipla in futures if sustains below 248.00
Sell Corporation Bank in futures at current levels with stoploss 393.00
Buy Jindal Stainless in futures above 129.10 with stoploss 119.80

Buy GTC Ind in cash if sustains above 225.00 with stoploss 208.00
Buy Ispat Industries in cash if sustains above 12.50 with stoploss 10.80

Please keep checking the stoplosses below as it is upgraded regularly based on the technicals in the charts.

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3670.00), ACC (1035.00), Alok Ind(70.35), Bajaj Auto(2620.00), BOI (195.50), BEL(1172.00), Bharti (615.00), Canara Bank(306.00), Federal Bank (220.30), Glaxo (1182.00), HDFC Bank (1075.00), Hero Honda(743.00), IFlex, ICICI Bank (849.50), Infosys Tech(2134.00), Maruti(930.00), MRPL(41.25), Polaris(124.70), Reliance Capital(598.00), SBI(1340.00), Sun Pharma (967.00), Tata Motors, Tata Power(591.00) and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), HLL(245.00), HPCL (299.00), IOC(465.00) and Sun TV (1516.00).

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. Keep checking the stoplosses as it is updated everyday.

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 07Dec06

The markets today closed almost a the same levels as yesterday, but we cannot go by that as there was lot of choppiness. Many of the stocks corrected substantially. The advance decline ratio was poor as there 2 advancing to every 5 declining stocks. The NSE Nifty closed at 4015.95 just 0.20 points above the previous close. The BSE Sensex closed at 13949.00 just 11.35 points above the previous close. It was again a case of markets unable to sustain the opening highs. The FIIs were net buyers in the cash market segment for 304 crores, net sellers in the index futures for 294.50 crores and net buyers of 50.52 crores in stock futures.

Tomorrow the markets will open week and recover as the day progresses. The Nifty has the support at 3980-3965-3939 and resistance at 4050.00 Still no panic but caution is definately advised. The rumour in the market now is that it might touch 4300.00 before correcting.

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 06Dec06

Federal Bank call of 04Dec06 triggered today.
Buy IDBI in futures above 82.50
Buy Polaris in futures above 134.50 with stoploss 124.70
Buy Reliance communications in futures at current levels with stoploss 420.00

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3445.00), ACC (1035.00), Bajaj Auto(2620.00), BOI (195.50), BEL(1129.00), Bharti (615.00), Canara Bank(295.00), Cummins(275.00), Divis Lab (2915.00), Glaxo (1100.00), HDFC Bank (1075.00), Hero Honda(720.00), IFlex, ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), JP Hydro (31.35), Karnataka Bank(126.00), Maruti(893.00), MRPL(40.70), PNB (567.00), Reliance Capital(589.00), SBI(1340.00), STAR(343.50), Sun Pharma (967.00), Tata Motors, Tata Power(591.00), TCS(1180.00) and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), HLL(245.00), HPCL (299.00) & IOC(465.00).

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. Keep checking the stoplosses as it is updated everyday.

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 06Dec06

The markets today finally managed to trade above the opening high which is a good signal. The volumes were decent but the area of concern is the advance decline ratio which was negetive today. The NSE Nifty closed at 4015.75 with a gain of 14.75 points and BSE Sensex closed at 13937.65 with a gain of 63.32 points. The sensex managed to show the level of 14000 early in the morning for a brief period though. The FII were net buyers in the cash market for 302.42 crores, net buyers in index futures for 208.96 crores and net sellers for 116.91 in stock futures. This is the 6th consecutive day of selling in stock futures. Infosys, Reliance, Relaince communications and Bharti Airtel were the heavy weights which gave a good upmove to the market.

The outlook for tomorrow is agian a repeat of today. The Nifty has to breach the opening high to gain further momentum. Resistance is at 4050.00 and support at 3995.00 levels. It appears that Nifty will go up till 4080 before giving a good correction. The BSE sensex will try to test the levels of 14000.00 again today. It is still advisable to exit long in every upmove.

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 05Dec06

Buy Alok Ind in futures above 74.00
Buy BHEL in futures above 2632.00
Buy Sterlite in futures above 601.00
Buy Titan Industries in futures above 842.00

Exit long in Nalco at current levels
Exit long in Sail at current levels
Exit long in Syndicate Bank at current levels

Short sell Sun TV below 1501.00

Buy Era Constructions in cash above 524.50
Buy SAL steel in cash above 14.55
All sugar stocks back into limelight today. Think to buy only if sustains above yesterdays highs.

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3445.00), ACC (1035.00), Bajaj Auto(2620.00), BOI (195.50), BEL(1129.00), Bharti (615.00), Canara Bank(295.00), Cummins(275.00), Divis Lab (2915.00), Glaxo (1100.00), HDFC Bank (1075.00), Hero Honda(720.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), JP Hydro (31.35), Karnataka Bank(113.00), Maruti(893.00), MRPL(40.70), PNB (539.00), Reliance Capital(589.00), SBI(1223), STAR(343.50), Sun Pharma (967.00), Tata Motors, Tata Power(576.00), TCS, and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), HLL(247.00), HPCL (321.00) & IOC.

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 05Dec06

As expected the NSE Nifty failed to cross the opening high made today morning inspite of repeated attempts. The NSE Nifty traded in a narrow range and closed above 4000.00 for the first time at 4001.00 with a gain of 3.40 points. The BSE sensex closed at 13874.33 with a gain of 29.55 points. Tata motors and ACC were the majot gainers of the day. The FIIs were net buyers in the cash market for 5.09 crores, net sellers for 175.45 cores in index futures and 142.04 crores in the stock futures. This is the fifth consecutive day they have sold the stock futures.

The outlook for 05Dec06 is the same as today. Markets will open in the positive and has to cross the opening high to gain momentum for any further rally. The Nifty has the resistance at 4015-4025-4040 and support at 3980-3930-3913.

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 04Dec06

Add more Bank Nifty to your portfolio above 6390.00 and upgrade your stoploss for the existing position to 6150.00
Add more PNB to your portfolio above 568.00 and upgrade your stoploss for the existing position to 539.00

Buy CNX IT in futures above 5350.00 with stoploss 5200.00
Buy Bharti in futures above 647.00 with stoploss 622.00
Buy Canara Bank in futures above 318.00 with stoploss 295.00
Buy Federal Bank in futures above 230.50 with stoploss 214.00
Buy IFlex in futures above 1740.00 with stoploss 1575.00
Exit short in Tata Motors and go long above 856.00

Buy Lumax automotive in cash above 77.00 with stop loss 72.30

Hold your long positions in (Price in brackets is the stop loss):
ABB(3445.00), ACC (1035.00), Bajaj Auto(2620.00), BOI (195.50), BEL(1129.00), Bharti (615.00), Cummins(275.00), Divis Lab (2915.00), Glaxo (1100.00), HDFC Bank (1075.00), Hero Honda(720.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), IOB (118.20), JP Hydro (29.00), Karnataka Bank(113.00), Maruti(893.00), MRPL(40.70), Nalco(214.00), Reliance Capital(589.00), Sail(84.70), SBI(1223), STAR(343.50), 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 brackets is the stop loss):
BPCL (366.50), HLL(247.00), HPCL (321.00), IDBI(78.50), IOC, IPCL(285.00).

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 04Dec06

As expected, the markets were positive on 01Dec06 and NSE Nifty tested the psychological level of 4000.00 and closed just a shade below at 3997.60 with a gain of 43.10 points and the BSE Sensex closed at 13844.78 with a gain of 148.47 points. The volumes were back to normal levels after 2-3 days of high volumes due to roll over. As indicated on 30Nov06 the auto sector joined the party with handsome gains in Bajaj Auto, Hero Honda, Maruti and Tata Motors.The FIIs were net buyers in cash segment for 194.84 crores, Index futures to the tune of 308.97 crores and net sellers in stock futures for 95.08 crores. There has been continued selling in stock futures. This very well suggests that a correction is round the corner.

On Monday the markets will open on a good note. The NSE Nifty will face resistance at 4025.00 and has the support at 3930.00 and 3913.00 levels. The BSE Sensex will come closer to 14000.00 levels but the question is how will it react at these levels. Again the opening high has to be breached for any further up move.

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 01Dec06

There are no calls for today

Exit short in ITC at current levels

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), JP Hydro (29.00), Karnataka Bank(113.00), MRPL(40.70), Nalco(214.00), NTPC(147.50), PNB (518.00), Reliance Capital(594.00), Sail(84.70), SBI(1223), STAR(311.00), 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):
BPCL (366.50), HLL(247.00), HPCL (321.00), IDBI(78.50), IOC, IPCL(285.00), 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.