Dear Blog Readers,

I am writing this message with deep regret. Unfortunately due to certain changes on the personal front I am unable to continue posting the trading calls on a daily basis. However, I will continue to post the calls on a weekly basis to the possible extent. I request the readers to bear with me for this. I do understand that it will cause a lot of inconvinence to lot of blog followers. Therefore, readers who have open positions based on my calls can send me a mail at vijay.setty@gmail.com and I will respond at the earliest.

From now on weekly outlook will be posted before the opening bell on every monday. I once again regret the inconvinence.

Market Outlook and Trading Calls for 29Aug07

Nifty: 4320.70 +18.10 Points Sensex: 14919.19 +76.81 Points

FII Activity:
Cash Segment: 390.20 crores net buyers
Index Futures: 143.35 crores net sellers
Stock futures: 14.99 crores net buyers

Advance Decline ratio: 674:432

Outlook for 29Aug07:
The fall I was expecting in yesterday’s trading did not come, but it is definitely there today. The markets will open extremely weak and can recover as the day progresses. Nifty futures can come down up to 4200 in the opening session. The August futures settlement is just 2 days away and this will take the markets up from the lows of the day today. Technically the gap created by Nifty futures has been reduced to insignificant levels. For today, the Nifty should take support at 4300-4240-4218 and should find resistance at 4363-4398-4440.

Futures Trading Calls:

Buy IFlex if sustains above 2060 for target 2100.
Buy Sesa Goa at lower levels with stop loss 1770 for target 1930.

Sell Dena Bank if sustains below 56.10 for target 53.
Sell IPCL at current levels with stop loss 379 for target 360.
Sell MTNL at current levels with stop los 138.50 for target 130.

Cash Market Calls:

Buy Salora International if sustains above 139 for target 151.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 28Aug07

Nifty: 4302.60 +112.45 Points Sensex: 14842.38 +417.51 Points

FII Activity:
Cash Segment: 695.35 crores net buyers
Index Futures: 1654.68 crores net buyers
Stock futures: 89.97 crores net buyers

Advance Decline ratio: 991:139

Outlook for 28Aug07:
Yesterday, the markets gained smartly and shot up in the second half. Technically the Nifty futures is very close to cover its gap created at 4325. It is quite possible that this gap can be filled in the opening session itself. It looks like today the market will give up all the gains of yesterday. If it holds up and doesn’t fall then we can close the F&O settlement at 4400. The banking stocks looked good yesterday and appears like there is more steam left in them. The US markets were trading weak at the time of posting this outlook and this can add to the fall in our markets. For today, the Nifty will face resistance at 4325-4363-4393 and should take support at 4270-4240-4198.

Futures Trading Calls:

Buy Century Textiles if sustains above 784 for target 820.
Buy L&T if sustains above 2550 for target 2630.

Sell Gujarat Ambuja Cement if sustains below 132 for target 129.50

Cash Market Calls:

Buy Era Constructions if sustains above 497 for target 570.
Buy Everyday Industries at current levels for target 58.50 for target 60.50
Buy Pidilite Industries if sustains above 152 for target 160 and 172.
Buy Pyramid Symira Theatres if sustains above 331 for target 360 and 380.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and trading calls for 24Aug07

Nifty: 4114.95 -38.20 Points Sensex: 14163.98 -84.68 Points

FII Activity:
Cash Segment: 274.64 crores net buyers
Index Futures: 381.27 crores net buyers
Stock futures: 731.40 crores net buyers

Advance Decline ratio: 349:766

Outlook for 24Aug07:
As markets opened with a gap up and did not sustain those higher levels. There is a good possibility that the reverse might happen today. The markets can open with a gap down and can recover as the day progresses due to short covering. The political uncertainty is causing the down fall and the markets are not taking the cues from the global markets. The global markets have recovered substantially in this week whereas our market has not. The bank stocks are looking weak and if the market opens weak tomorrow it should be led by the bank stocks. If the markets open in the negative it is advisable to cover your short positions and go long till the end of the settlement as the short covering might not allow the markets to fall further. The spot Nifty levels for today are, support at 4075-4040-4000 and resistance at 4140-4180-4220.

Futures Trading Calls:

Sell Petronet LNG if sustains below 57.50 for target 54.50

Cash Market Calls:

No calls today.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 23Aug07

Nifty: 4153.15 +78.25 Points Sensex: 14248.66 +259.55 Points

FII Activity:
Cash Segment: 636.19 crores net sellers
Index Futures: 656.34 crores net buyers
Stock futures: 447.42 crores net buyers

Advance Decline ratio: 493:637

Outlook for 23Aug07:
Markets are set for a strong opening today. The easing of the political uncertainty and the strong bounce back in the global markets will help our markets to open in the positive and possibly with a gap. It is still advisable to short the markets at all higher levels. For today, the Nifty should find resistance at 4190-4240-4265 and should take support at 4100-4060-3995.

Futures Trading Calls:

Buy Prajay Industries if sustains above 184.50 for target 190.50 and 205.

Sell Patni Computers at current levels with stop loss 455 for target 400.

Cash Market Calls:

No calls today.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 22Aug07

Nifty: 4074.90 -134.15 Points Sensex: 13989.11 -438.44 Points

FII Activity:
Cash Segment: 138.24 crores net sellers
Index Futures: 696.75 crores net sellers
Stock futures: 363.48 crores net buyers

Advance Decline ratio: 90:1050

Outlook for 22Aug07:
Even though the markets opened in the positive, it never gave any chance at those higher levels to short and came down continuously through out the day. This fall was totally unexpected as the Asian markets were up more than a percent and US markets were up too. May be the political uncertainty is weighing heavy on the markets. Now technically, a close below 4072 on the daily charts and close below 4000 on the weekly charts can bring the nifty down to 3790 within this settlement or may be within this week itself. Technology and metal stocks are looking weak. For today, the Nifty should find support at 4070-4044-3985 and should face resistance at 4107-4135-4175.

Futures Trading Calls:

Sell CNX IT at current levels for target 4280.
Sell ACC if sustains below 925 for target 900.
Sell Bajaj Auto if sustains below 2160 for target 2030.
Sell Bongaigaon Refinery if sustains below 50 for target 47.
Sell Hindalco at current levels for target 126.
Sell SBI if sustains below 1440 for target 1380.

Cash Market Calls:

No calls today.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 21Aug07

Nifty: 4209.05 +101.00 Points Sensex: 14427.55 +286.03 Points

FII Activity:
Cash Segment: 648.93 crores net sellers
Index Futures: 4063.52 crores net buyers
Stock futures: 367.16 crores net buyers

Advance Decline ratio: 862:266

Outlook for 21Aug07:
The bounce in our markets was good, but not as expected. Our markets recovered only 2.50 % whereas all the Asian markets recovered close to 5% I expect the markets to continue its up move on Tuesday also. The markets might open on the positive side but it may not sustain the gains and give away all the gains in the later half of the day. There is a good possibility that we may close in the negative. It is advisable to remain cautious and create short positions at the higher levels. As expected yesterday, the fertilizer stocks zoomed. For today, the Nifty should find resistance at 4220-4240-4295 and should take support at 4190-4135-4105.

Futures Trading Calls:

Sell Orchid Chemicals if sustains below 202 for target 196 and 189.

Cash Market Calls:

Buy California Software if sustains above 86 for target 96.
Buy Coramandal Fertilizers if sustains above 98 for target 107.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 20Aug07

Nifty: 4108.05 -70.55 Points Sensex: 15141.52 -216.69 Points

FII Activity:
Cash Segment: 3535.76 crores net sellers
Index Futures: 602.43 crores net sellers
Stock futures: 668.73 crores net sellers

Advance Decline ratio: 228:892

Outlook for 20Aug07:
On Friday, the markets were very volatile and traded with high volumes. Even though markets are looking very weak, there might be a bounce back on Monday. The bounce back on Friday was on account of short covering. Technically, Nifty managed to close above the 200 day moving average and now should bounce sufficiently to cover the gap created at 4300. The global markets are also supportive as the US markets with good gains on Friday. The Asian markets are also expected to trade in positive on Monday. Again, 4300 levels should be safe enough to go short. The political uncertainty is weighing heavy on the markets. Sector wise, fertilizer stocks are looking hot whereas oil marketing stocks are looking very weak. For today, the Nifty should face resistance at 4190-4245-4300 and should take support at 4040-4025-3985.

Futures Trading Calls:

Buy BHEL at current levels with stop loss 1520 for target 1680.
Buy Indusind Bank if sustains above 53 for target 56.50
Buy Punjab National Bank at current levels with stop loss 475 for target 501
Buy Shoba Developers if sustains above 799 for target 830.

Sell IOC at current levels with stop loss 385 for target 345.
Sell HPCL at current levels with stop loss 231 for target 205.
Sell SAIL at higher levels with stop loss 147 for target 128 and 121.
Sell Cairns India at current levels for target 132.
Sell Dr. Reddys if sustains below 599 for target 570.
Sell Educomp Solutions if sustains below 2277 for target 2150.
Sell GTL at higher levels with stop loss 230 for target 205.
Sell Tata Motors if sustains below 634 for target 590.
Sell TCS at current levels with stop loss 1075 for target 1005.

Cash Market Calls:

Buy Trigyn Technologies if sustains above 34.25 for target 41.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 16Aug07

Nifty: 4370.20 -3.45 Points Sensex: 15000.91 -16.30 Points

FII Activity:
Cash Segment: 331.52 crores net sellers
Index Futures: 268.08 crores net buyers
Stock futures: 62.23 crores net sellers

Advance Decline ratio: 579:537

Outlook for 16Aug07:
Welcome to trading post the Independence day break. The markets were dull and boring on Tuesday as traders were not confident of keeping their positions open with a holiday in between. Today the markets are expected to be extremely choppy and Nifty can easily lose 100 points. The global markets are very weak and we will take a cue from them. For today, the Nifty should take support at 4325-4257-4255 and should find resistance at 4400-4428-4453.

Futures Trading Calls:

Buy Bongaingaon Refinery if sustains above 53.20 for target 55.50

Sell Bank Of Baroda at current levels for target 284.
Sell Canara Bank at current levels for target 248.
Sell JP Associates at current level with stop loss 880 for target 775.

Cash Market Calls:

Buy Emkay Share and stock Brokers if sustains above 125 for target 140.
Buy Hind Organic Chem if sustains above 54.10 for target 60.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 13Aug07

Nifty: 4333.35 -69.85 Points Sensex: 14868.25 -231.90 Points

FII Activity:
Cash Segment: 742.30 crores net sellers
Index Futures: 1037.98 crores net sellers
Stock futures: 640.15 crores net sellers

Advance Decline ratio: 312:800

Outlook for 13Aug07:
There is a lot of debate about markets going up or down on Monday. Technically there was a significant gap created on Friday when the markets opened down. This gap has to be filled up. There are two possibilities. If the markets open in the green and touches the level of 4400 then it may start going down from then on. If the markets open in the down side then it can recover in the later half and remain strong for a couple of days. In any case 4400 is the maximum I see it going up for the time being. The weakness is very much evident and I see it going down till 4050 within this settlement. IT stocks can hold up where as the banking stocks can correct significantly. For Monday, the Nifty should face resistance at 4363-4400-4435 and should take support at 4308-4275-4240.

Futures Trading Calls:

Buy Nagarjuna Fertilizers if sustains above 27.25 for target 29.50
Buy Orchhid Chemicals if sustains above 224.25 for target 230 and 238.
Buy Polaris if sustains above 127 for target 143.

Sell Titan Industries around higher levels of 1170 for target 1060 with stop loss 1200.

Cash Market Calls:

Buy Atlanta Ltd if sustains above 285.50 for target 355.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 10Aug07

Nifty: 4403.20 -58.90 Points Sensex: 15100.15 -207.83 Points

FII Activity:
Cash Segment: 27.23 crores net buyers
Index Futures: 872.72 crores net buyers
Stock futures: 178.78 crores net buyers

Advance Decline ratio: 271:843

Outlook for 10Aug07:
As expected the markets lost most of its gains in the afternoon session and closed deep in red. This is the first sign of reversal on the down side. The confirmation is if the markets close below the low of yesterday. I see a significant downside if this happens. There is a good possibility of this happening as the global markets are weak and we will open deep in the red tomorrow. Technically the next big support for Nifty is 4250 and below that 4050 is possible. If you observe the figures above, the FIIs were net buyers yesterday, but do not go by that as the FIIs are consistently booking losses and it will happen this time also. The markets are in total control of domestic institutional investors(DIIs). The global economic situation is bad and the future is bleak. The bank stocks have shown signs of tiredness and can correct substaintially. For today, the Nifty should take support at 4360-4300-4270 and should find resistance at 4420-4450-4530.

Futures Trading Calls:

Sell Nifty futures if sustains below 4340 for target 4200.
Sell Bank Nifty if sustains below 6775 for target 6600.
Sell India Infoline if sustains below 641 for target 595.
Sell JP associates if sustains below 810 for target 772.
Sell Kotak Mahindra Bank if sustains below 753 for target 715.
Sell Mcdowell if sustains below 1355 for target 1300.
Sell Mphasis BFL if sustains below 285 for target 260.
Sell Ranbaxy if sustains below 365 for target 345.
Sell Reliance Energy if sustains below 748 for target 685.
Sell Reliance Capital if sustains below 1090 for target 1045.
Sell S Kumar Nationwide if sustains below 100.75 for target 93.

Cash Market Calls:

Buy Kopran if sustains above 26.20 for target 28.40
Buy Mercator Lines if sustains above 54 for short term target of 71.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 09Aug07

Nifty: 4462.10 +105.75 Points Sensex: 15307.98 +375.21 Points

FII Activity:
Cash Segment: 86.96 crores net buyers
Index Futures: 2169.22 crores net buyers
Stock futures: 372.19 crores net buyers

Advance Decline ratio: 840:262

Outlook for 09Aug07:
Yesterday, the markets gained a couple of percentage points. Today also the markets are expected to open in the positive. Do not be fooled by the up move. This is only a bounce because of short covering. Nifty futures provides an excellent opportunity to go short around 4540 levels. It is not advisable to go long in this market. Every higher level is a sell. As expected IT and bank stocks recovered yesterday and it is advised to stay out of these sectors for the time being. The global markets will help our markets to open in the positive today. I doubt if it can sustain higher levels. The markets may give up lot of its gains in the afternoon session. For today, the Nifty should face resistance at 4500-4526-4553 and should find support at 4435-4404-4344.

Futures Trading Calls:

Buy Jet Airways if sustains above 780 for target 806.

Cash Market Calls:

Buy Dabur Pharma if sustains above 86.50 for target 100.
Buy House of Pearl Fashions if sustains above 307 for target 324 and 350.
Buy Lakshmi Vilas Bank if sustains above 101 for target 116.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 08Aug07

Nifty: 4356.35 +16.85 Points Sensex: 14932.77 +29.74 Points

FII Activity:
Cash Segment: 325.68 crores net sellers
Index Futures: 156.49 crores net buyers
Stock futures: 298.71 crores net sellers

Advance Decline ratio: 725:370

Outlook for 08Aug07:
Yesterday, the markets opened with a gap up and drifted down as the day progressed. Currently, the Nifty appears to be trading between the range of 4450 and 4340 on a closing basis. It is still advisable to sell at all higher levels. Be selective in your selling. Avoid short selling in IT and banks. IT is looking to consolidate whereas banks are looking strong. The Nifty futures discount is constant at 40 points. Today’s direction of the market is totally dependent on the global markets as the fed is expected to meet and the outcome of this meet will decide the direction of the US markets. For today, the Nifty should find support at 4333-4310-4287 and should face resistance at 4387-4407-4450.

Futures Trading Calls:

Buy I Flex at current levels for target 2220.
Buy M&M at current levels for short term target of 730.
Buy Petronet LNG if sustains above 65 for target 68.
Buy SBI if closes above 1720 for target 1775.

Sell Cairns India at current levels for target 138 with stop loss 149.

Cash Market Calls:

Buy India Glycols if sustains above 184 for target 202.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 06Aug07

Nifty: 4401.55 +45.20 Points Sensex: 15138.40 +152.70 Points

FII Activity:
Cash Segment: 142.70 crores net sellers
Index Futures: 1033.17 crores net buyers
Stock futures: 341.47 crores net buyers

Advance Decline ratio: 736:374

Outlook for 06Aug07:
The markets are expected to open weak on Monday as the global markets closed weak on Friday. The IT stocks appear to be bottoming out and it is risky to short sell them at these levels. Further downside in IT can be expected only if rupee breaks the important support level of 40. Overall, selling is advised at all higher levels as more downside is expected in the coming days. The Nifty should take support at 4363-4340-4310 and should take resistance at 4425-4460-4500.

Futures Trading Calls:

Buy ABB at current levels with stop loss 1070 for target 1150.

Sell Canara Bank at higher levels with stop loss 269 for target 230.
Sell IDBI at current levels with stop loss 111.25 for target 102.

Cash Market Calls:

No calls for today.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.

Market Outlook and Trading Calls for 02Aug07

Nifty: 4345.85 -183.00 Points Sensex: 14935.77 -615.22 Points

FII Activity:
Cash Segment: 1255.54 crores net sellers
Index Futures: 1733.88 crores net sellers
Stock futures: 756.55 crores net sellers

Advance Decline ratio: 81:1047

Outlook for 02Aug07:
Yesterday, there was huge selling in the market. So much that even the intraday short covering was absorbed without the markets going up. This shows the amount of weakness in our markets. The FIIs have sold another 1700 crores in Nifty futures and 1250 crores in equity market. The Nifty future has a discount of close to 60 points. The global markets are weak and we are following them without any bad local news. However the markets are expected to recover today on account of short covering. This Friday or Monday can be another big fall day. It is advisable to go short at all higher levels. The Nifty for today should find resistance at 4360-4430-4455 and should find support at 4330-4300-4250.

Futures Trading Calls:

Buy SAIL at current levels with stop loss 138 for target 150.

Sell Bombay Rayon Fashions at higher levels with stop loss 214 on closing basis for target 170 in short term.
Sell Aban Offshore if sustains below 2850 for target 2700.
Sell IPCL if sustains below 352 for target 330
Sell Mphasis BFL if sustains below 270 for target 260 and 245.

Cash Market Calls:

No calls for today.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if fails to sustain above/below the mentioned levels on day 1.

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.