Archive for July, 2008
INTRADAY CALLS – 31/7/08
NIFTY JULY`08 FUTURE OPENED HIGHER AT 4242 WITH A BRIEF LOW AT 4237 RECOVERED ON SHORT COVERING TO THE DAY`S HIGH OF 4339 AND CLOSED AT 4327. WE ADVISED NO SHORT`S ABOVE 4265 YESTERDAY AND AS EXPECTED THE NIFTY FUTURE RALLIED AROUND 80 POINTS ABOVE 4265. DOW JONES RALLIED FOR THE SECOND CONSECUTIVE DAY ON PVT JOB REPORTS DESPITE OIL TICKING UP BY OVER 4 US DOLLARS. LOCALLY, AUTO COMPANIES ARE ALREADY FACING THE INCREASING PRESSURES ON MARGINS WITH HIKE IN INTEREST RATES, ALONG WITH REALTY COMPANIES AND WE SEE A RANGE BOUND MOVEMENT IN THE NIFTY IN THE SHORT TERM.
NIFTY Â SUPP LEVELS 4255, 4166 RESIST 4386, 4480. BEING THE LAST DAY OF THE SETTLEMENT NIFTY MAY SEE VOLATILE MOVEMENTSÂ THOUGH Â INÂ A SMALL BAND. FURTHER RISE IN CRUDE PRICE MAY AGAIN PUT PRESSURE ON THE MARKET SENTIMENTS. AVOID BUYING AT HIGHER LEVELS.
GMRINFRA SUPP 85,82 RESIST 90, 94 SELL AT HIGHER LEVEL
DLF SUPP 480,469 RESIST 505,515
IDFC SELL 95 SL 97 TGT 88
INDIACEM ABOVE 153 TGT 159
CAIRN SUPP 226,221 RESIST 241 ABOVE WHICH 248 IS POSSIBLE
RPL SUPP 161 SL 157 TGT 167,174 BUY
ZEEL SUPP 205,196 RESIST 214 SELL WITH SL 217
SATYAMCOMP SUPP 376,365 RESIST 386,394 SELL WITH SL 396 ABOVE WHICH MAY TOUCH 416
ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in
INTRADAY CALLS – 30/7/08
AS WRITTEN BY US IN THIS COLOUMN YESTERDAY RBI SURPRISED THE MARKETS WITH A RAISE OF 50 BASIS POINTS IN REPO RATE TO 9%, CRR HIKE BY 25 BASIS POINTS TO 9%, A RATE NOT SEEN SINCE 2000. IF RATE HIKES ALONE CAN TAME INFLATION MANY COUNTRIES WOULD HAVE SOLVED THE PROBLEM SO EASILY. LOT OF OTHER THINGS HAVE TO BE IN PLACE FOR INFLATION TO COOL DOWN.
NIFTY FUTURE YESTERDAY OPENED LOWER AS EXPECTED AT 4289 CRASHED BY MORE THAN 3% TO THE DAYS LOW OF 4162 (OUR SUPPORT LEVEL 4172) AND CLOSED AT 4187. BANKEX AND REALTY INDEX FELL BY 8.31 AND 5.54 PERCENT RESPECTIVELY. WITH MORE PRESSURES ON MARGINS ANOTHER RATE HIKES BY THE BANKS IN THE NEAR TERM IS ALMOST CERTAIN, WHICH MAY HAVE A NEGATIVE IMPACT ON REALTY SECTOR. MARKETS MAY BE VOLATILE AHEAD OF THE SETTLEMENT AND MAY OPEN HIGHER ON A SMART RECOVERY IN THE U. S MARKETS LAST NIGHT. WE ADVISE CAUTION AT HIGHER LEVELS .
NIFTY FUTURE SUPP LEVELS 4166,4082 RESIST 4260,4386. AVOID LONG BELOW 4160 AND AVOID SHORT FOR THE DAY ABOVE 4265. IF NIFTY FAILS TO CROSS OUR FIRST RESISTANCE IT MAY FALL TO LOWER LEVEL.
STOCK FUTURES
GMRINFRA SUPP 82, 78Â RESIST 90,94
BPCL BUY 307 SL 304 TGT 316, 328
DLF SUPPÂ 468, 445 RESIST 483,504 SELL AT HIGHER LEVEL
ZEEL SUPP 210 RESIST 225,232 BUY
IDFC SUPP 88,83 RESIST 95,100 SELL
CAIRN SUPP 225,221 RESIST 235,241 SELL
RPL BUY 158 SL 154 TGT 165
HINDALCO SUPP 138,134 RESIST 145,152 SELL
SATYAMCOMP SUPP 364 RESIST 375,380
ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in
INTRADAYCALLS – 29/07/08
THIS MAY BE ANOTHER DAY WHERE THE MARKETS ARE EXPECTED TO ATLEAST OPEN LOWER ON U.S. FINANCIAL WORRIES WHICH DOES NOT SEEM TO END IN THE NEAR FUTURE. OUR MARKETS WILL BE RANGE BOUND IN THE SHORT TERM WITH DOWNWARD BIAS. SHRINKING MARGIN IS ALREADY VISIBLE IN THE BANKING STOCKS WHERE MOST OF THEM ANNOUNCED DECLING GROWTH OR EVEN DECLINES IN PROFITABILITY. WITH PRESSURES OF INFLATION, RBI MAY CHOOSE ANOTHER HIKE IN RATES, WHICH MAY FURTHER PUT PRESSURES ON THE MARGINS OF BANKS AND REALTY SECTOR. WE FEEL THAT THE MARKETS HAVE NOT BOTTOMED OUT AND WE SHALL ADVISE AS AND WHEN IT HAPPENS.
NIFTY FUTURE YESTERDAY OPENED AT 4305 AND WAS RANGE BOUND BETWEEN 4305 AND 4360 BEFORE CLOSING AT 4340.
NIFTY FUTURE SUPP LEVELS 4275, 4174Â RESIST 4386, 4480. END OF SETTLEMENT PRESSURE MAY KEEP NIFTY IN A TIGHT ZONE AND AVOID SHORT ABOVE 4395. WAIT FOR NIFTY TO SETTLE FOR ANY INTRA DAY LONG THAT TOO WITH STRICT SL.
STOCKÂ FUTURES
GMRINFRAÂ SUPP 88, 82 RESISTANCE 94, 97
DLF SUPP 493,484 RESISTÂ 510,515
IDFC SELLÂ 99 SL 101 TGT 95
CAIRN BUY 221 SL 218 TGT 233
RPL BUY 158 SL 154 TGT 165,172
HINDALCO SUPP 143,138 RESIST 153,158 SELL
ORIENTBANK SUPP 157,154 RESIST 168,174 BUY
SATYAMCOMP SUPP 370,364 RESIST 380,386 SELL AT HIGHER LEVEL
ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in
INTRADAYCALLS – 28/7/08
WE ADVISED NO LONG BELOW 4380 FOR 25/7/08 AND INFACT NIFTY FUTURE WAS TRADING BELOW THAT LEVEL THROUGH OUT THE DAY. SENTIMENTS TOOK ABOUT TURN WITH MINDLESS  BOMBINGS ACROSS STATES KILLING DOZENS OF INNOCENT PEOPLE. SPECIFIC STOCK MOVEMENTS MAY INFLUENCE THE DIRECTION OF THE MARKETS BEFORE THIS SETTLEMENT.
NIFTY FUTURE ON 25/7/08Â AFTER OPENING LOWER TRADED BETWEEN 4392 AND 4310Â AND CLOSED AT 4342.
NIFTY FUTURE SUPP LEVELS 4275, 4174 RESIST 4386, 4480. AVOID LONG BELOW 4270. AVOID SHORT ABOVE 4395 FROM WHERE NIFTY MAY SEEK HIGHER LEVELS BEFORE THIS SETTLEMENT.
FUTURE
GMRINFRAÂ SUPP 88 RESIST 94,97 BELOW 87 IT MAY SEEK 82
DLF BELOW 480 MAY TOUCH 460,445
HINDALCO SUPP 148,143 RESIST 158 SELL AT HIGHER LEVEL WITH SL 161
SATYAMCOMP SUPP 370,363 RESIST 380,386 SELL AT HIGHER LEVEL. BELOWÂ 360 TGT 345Â Â Â
MOREÂ Â Â Â Â STOCKÂ Â Â Â Â Â Â Â CALLSÂ Â Â Â Â Â Â Â Â Â Â LATER
ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in
INTRADAY CALLS – 25/07/08
NIFTY FUTURE ON 24/07/08 MOVED ALMOST EXACTLY BETWEEN THE SUPPORT AND RESISTANCE LEVEL MENTIONED IN THIS COLUMN YESTERDAY. NIFTY FUTURE OPENED AT 4520, BRIEFLY TOUCHED 4538, FELL TO THE DAY`S LOW OF 4395 AND CLOSED AT 4445. WITH JUST FIVE DAYS TO GO FOR THE SETTLEMENT, NIFTY JULY`08 FUTURE WAS SWINGING WIDELY BETWEEN THE SETTLEMENT LOW AND HIGH OF 3761 AND 4538,ALMOST 777 POINTS IN THE LAST 25 TRADING DAYS. AND WE MAY HAVE SOME MORE FIRE WORKS BEFORE IT ENDS. TECH STOCKS LOOK WEAKER AND MAY GO DOWN FURTHER.
NIFTY FUTURE SUPP LEVELS 4390,4275 RESIST 4480,4530. NIFTY MAY OPEN LOWER ON U.SS. FINANCIAL MARKETS WORRIES. OUT LOOK FOR U.S. MARKETS ARE NOT POSITIVE AT LEAST FOR ONE MORE YEAR. LOCALLY, WE MAY HAVE SOME NEGATIVE NEWS FOR THE MARKETS IN THE COMING DAYS, ABOUT WHICH WE WILL DISCUSS LATER. FOR THE DAY AVOID LONG BELOW 4380 AND WAIT FOR A BOUNCE BACK. SPECIFIC STOCK CALLS WILL BE GIVEN SHORTLY.
ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in
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