INTRADAY CALLS – 31/10/08

     GLOBAL RECOVERY MAY BE SHORT LIVED

 

 

DOW JONES HAS BEEN SWINGING WIDELY FOR THE PAST TWO DAYS ALTERNATING BETWEEN PLUS AND MINUS ALTHOUGH STAYING BROADLY IN THE RANGE. YESTERDAY DOW OPENED HIGHER ON LOWER THAN EXPECTED DECLINE ? OF 0.3% IN ADVANCE THIRD QUARTER GDP FORECASTS AND TOUCHED THE DAY`S BEST LEVEL OF 9266 GAINING 276 POINTS. BUT AT NOON ALL THE GAINS WERE NEUTRALISED AS IT TOUCHED THE LOW OF 8976 AND MANAGED TO END THE DAY AT 9180, WITH A GAIN OF 189 POINTS.  JOBLESS CLAIMS WERE LITTLE MORE THAN EXPECTATION AT 479000.  ASIAN MARKETS OPENED LOWER AFTER LARGE GAINS YESTERDAY AND NIKKEI IS TRADING DOWN BY 245 POINTS AT THIS TIME. DOW JONES IS STILL NOT OUT OF THE WOODS AND MAY SEEK LOWER LEVELS IN THE SHORT TERM IF IT FAILS TO MOVE  ABOVE 9500 LEVELS.

NIFTY FUTURE ON THE LAST DAY OF THE OCTOBER SETTLEMENT WAS RANGE BOUND BETWEEN 2760 AND 2632 AFTER THE PREVIOUS DAY`S STRONG GAINS AND CLOSED AT 2697 LOSING OVER 1590 POINTS IN THE SETTLEMENT.

NIFTY SUPP LEVELS 2671,2616,2516 RESIST 2774,2880,3040. AVOID SHORT DURING THE DAY IF NIFTY FUTURE TRADES ABOVE 2775. AVOID  ALL LONGS BELOW 2610. MARKETS MAY OPEN MARGINALLY HIGHER. HOWEVER, AS OF NOW  THIS IS STILL ONLY A  PULL BACK AND IT MAY REVERSE TO LOWER LEVELS IN THE COMING DAYS.  ABOVE 2775, NIFTY FUTURE MAY SEEK 3000 LEVELS, WHERE WE WILL ADVISE YOU OF FURTHER MOVEMENTS. BOOK PROFITS AT HIGHER LEVELS AND WAIT FOR THE TRADES. DUE TO PAUCITY OF TIMES STOCK CALLS ARE NOT GIVEN TODAY.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

INTRADAY CALLS – 29/10/08

                                       NEW YEAR BRINGS HOPE, BUT NOT CONFIDENCE

 

SAMAWAT 2065 (NEW YEAR) IN INDIA, HAS BROUGHT MORE CHEER TO DOW JONES, AS IT RALLIED TO ONE OF THE BIGGEST GAINS YESTERDAY. IRONICALLY, YESTERDAY, THE CONSUMER CONFIDENCE FIGURE  RELEASED FOR OCTOBER  WAS THE LOWEST SINCE 1967 AT 38 , MUCH WORSE THAN THE EXPECTED READING OF 52. HOME PRICES IN 20 METROS FELL 16.6 PERCENT AS PER EXPECTATION. OBVIOUSLY, THE CONFIDENCE IN THEMARKET WAS VERY HIGH AFTER ENORMOUS RALLY IN ALL OTHER WORLD MARKETS AND DOW  BRACED YESTERDAY`S LEVEL OF 8175 ONCE DURING THE DAY AND NEVER LOOKED BACK AFTER AND MOVED UP SHARPLY IN THE AFTER NOON TO THE HIGHEST LEVEL OF THE DAY AT 9082 AND CLOSED AT 9065 GAINING 889 POINTS. ASIAN MARKETS ARE UP AS A FOLLOW UP AND NIKKEI IS TRADING WITH  A GAIN OF OVER 485 POINTS.

NIFTY FUTURE NOSE DIVED TO THE LOW OF 2228 ON MONDAY LOSING 300 POINTS AND RECOVERED ALMOST ALL THE LOSSES AND CLOSED THE DAY AT 2526 AND CONTINUED ITS JOURNEY UP SIDE  ON TUESDAY. HAVING OPENED HIGHER AT 2670, NIFTY FUTURE WAS BETWEEN 2640 AND 2704 DURING THE BRIEF SESSION AND CLOSED AT 2685 GAINING 159 POINTS FROM PREVIOUS CLOSE , OFCOURSE ON THIN VOLUMES.

NIFTY FUTURE SUPP LEVELS 2620,2526,2360 RESIST 2774,2874,3030.  AVOID LONG DURING THE DAY IF IT TRADES BELOW 2620. AVOID SHORT ABOVE 2775, ABOVE WHICH NIFTY MAY RALLY TO 3000+ LEVELS. AS SAID BY US NIFTY RECOVERED SHARPLY FROM LOWER LEVELS  ON MONDAY AND THIS PULL BACK CONTINUED ON TUESDAY. THIS IS ONLY A PULL BACK RALLY AND HENCE BE CAUTIOUS AT HIGHER LEVELS, AS WE EXPECT THE MARKET TO COME DOWN TO LOWER LEVELS AGAIN.

STOCK CALLS TOMORROW.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

INTRADAY CALLS VIJAY – 27/10/08

                               THERE SHOULD ALWAYS BE A LIGHT AT THE END OF THE TUNNEL

THE YEAR  FROM LAST DIWALI MUST BE NIGHTMARE FOR THE LIFE TIME TO ALMOST EVERYBODY WHO HAD A DIG AT THE STOCK MARKETS. NO BODY HAD PRESUMED SUCH A FALL AT THIS TIME OF LAST YEAR. THE MOTHER  OF ALL BEAR MARKETS, MAY NOT COME AGAIN  FOR THE NEXT FEW DECADES. LIFE AMBITIONS OF MANY WOULD HAVE BEEN LOST IN THIS MARKET TSUNAMI. STILL THE FALL DOES NOT SEEM TO STOP. THE REASONS ARE OBVIOUS. MOST OF THE PEOPLE, WHO ARE DOING THE MARKETING JOBS IN THE STOCK MARKET THEMSELVES DO NOT KNOW THE NUANCES OF INVESTING, BUT, INDUCES GULLIBLE INVESTORS  AND PROMISE THEM HEAVEN IN THE SHORTEST POSSIBLE TIME. NO STOCK CAN GO UP AND UP FOR EVER. WHEN THE STOCK RISES WAY BEYOND FUNDAMENTALS IT WILL FALL WAY BEHIND FUNDAMENTALS. THAT IS THE BEAUTY OF THE STOCK MARKET. SO IF YOU DO NOT STOP THE MARKET FROM RISING, YOU CANNOT STOP IT FROM FALLING. THE SECOND MAIN REASON IS THE GREED OF THE INVESTING PUBLIC.

MAY BE WE ARE NEAR THE END OF THE TUNNEL, WHERE LIGHT SHOWS UP. ONLY THOSE WHO TRAVEL TILL THE END CAN SEE THE LIGHT. DESPAIR IS THE LONG NIGHT AT THE END OF WHICH THE HOPE OF DAY LIGHT IS SEEN. NEXT DIWALI WILL CERTAINLY BE A BETTER ONE.  DONT BE GREEDY, BE PATIENT. DONT TRY TO RECOVER WHOLE OF YOUR LOSS IN SINGLE TRADE OR INVESTMENT.

LET THE LIGHT OF THIS DIWALI CONINUE TO GLOW TILL THE NEXT. ALL THE BEST AND A VERY HAPPY DIWALI TO EVERY ONE.

DOW INDEX FUTURE WHICH HAD BEEN AT THE LOWER LIMIT BEFORE THE MARKETS OPENED, CREATED AN EXPECTATION OF A BIG SELL OFF DURING THE DAY. HOWEVER DOW  AFTER FALLING T TO THE DAY`S LOW OF  8187 IN THE INITIAL HOUR LOSING 504 POINTS, RECOVERED LATER IN THE DAY AND CLOSED AT 8378 WITH A LOSS OF 312 POINTS. WITH LOT OF ECONOMIC NEWS THIS WEEK, WE EXPECT DOW TO BE VOLATILE. ASIAN MARKETS OPENED SUBDUED ON MONDAY AND NIKKEI HAS RECOVERED FROM NEGATIVE ZONE TO TRADE AT 54 POINTS HIGHER AS OF NOW.

NIFTY FUTURE SUPP LEVELS 2500,2448,2393 RESIST 2764,2874,3030. NIFTY MAY OPEN FLAT. SHORT COVERING MAY HAPPEN AT LOWER LEVELS. HOWEVER THE WORRY IS THAT  STILL THE BOTTOM MAY NOT HAVE BEEN REACHED.  A LEVEL OF 2200 IS POSSIBLE. IN THE COMING DAYS.  AVOID SHORT SELLING AT LOWER LEVELS FOR THE DAY. ABOVE 2770 LEVELS NIFTY FUTURE MAY SEE SOME STRENGTH TO TOCUH 3000 LEVELS.

INTRADAY CALLS – 24/10/08

                                        IT IS SELLING  AND NOT SHORT SELLING

DOW JONES WAS ALTERNATING BETWEEN NEGATIVE AND POSITIVE LEVELS DURING THE DAY AND ENDED FINALLY UP BY 172 POINTS AT 8691. AFTER FALLING TO THE LOWEST LEVEL OF 8243 AND  TOUCHING THE HIGHEST LEVEL OF 8795 MOVING EXACTLY 276 POINTS ON BOTH SIDES DOW MANAGED TO SETTLE HIGHER.  JOBLESS CLAIMS AGAIN, BEAT EXPECTATIONS AT 478000, WAS THE  ONLY ECONOMIC NEWS OF SIGNIFICANCE. ASIAN MARKETS  TRADING MIXED AND NIKKEI SINKS WITH SONY AND IS DOWN BY 353 POINTS.

NIFTY FUTURE  OPENED LOWER AT 2911, NEAR THE LOWEST LEVEL OF THE DAY  AND PULLED BACK ON COMMENTS ON SHORT COVERING BY FII`S TO THE LEVEL OF 3094, ONLY TO FALL AGAIN TO THE LOW LEVELS AND CLOSED AT 2959 LOSING 99 POINTS FROM PREVIOUS CLOSE.

NIFTY FUTURE SUPP LEVELS 2935, 2855 RESIST 3030, 3160. KNEE JERK REACTIONS BY THE SEBI AND FINANCE MINISTRY CANNOT REVIVE THE MARKETS. ANY BAN ON SHORT SELLING WILL MAKE MARKETS MORE VOLATILE AND THERE WILL BE NO LIQUIDITY. ALREADY MARKETS ARE SUFFERING FROM LACK OF LIQUIDITY AND THERE WILL BE SHARPER LOSSES IF BAN IS IMPOSED. SHORT COVERING EFFECTS WILL BE SHORT LIVED. AVOID BUYING IF THE MARKET RECOVERS SHARPLY ON SHORT COVERING. DOWN WARD PRESSURE STILL STAYS AND BOTTOM IS STILL AWAY. AVOID SHORTS ABOVE 3160.

WIPRO SUPP  276,261 RESIST 288,300

HINDALCO SUPP 49,43 RESIST 57,64 SELL AT HIGHER LEVEL

BANKBARODA SUPP 269,262 RESIST 279,298 SELL AT HGHER LEVEL

HINDUNILVR SUPP 242,236 RESIST 249,254 BUY

HINDPETRO SUPP 195,189,185 RESIST 207,220 SELL AT HIGHER LEVEL

RELIANCE ABOVE 1280 TGT 1310, 1355

SATYAMCOMP SUPP 295,286 RESIST 306,315,323

NTPC SUPP 138,135,131 RESIST 150,158 SELL AT HIGHER LEVEL

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

INTRADAY CALLS – 23/10/08

                                                      A  FALL THAT DOES NOT STOP

 

 

YESTERDAY WE HAD ADVISED NO LONG BELOW 3100 AND TO DAY YOU MAY SEE THE FOLLOWUP. WE HAVE BEEN CALLING NIFTY CORRECTLY ON ALMOST ALL THE OCCASIONS AND I ADVISE READERS TO MAKE USE OF IT.  THE AIM OF THIS COLUMN IS TO ENABLE YOU TO MAKE PROFITS IF YOU CANT AVOID DAY TRADING AND I HOPE AT LEAST YOU WILL NOT MAKE LOSSES. NEVER AVOID STOP LOSS OR HEDGING. TRADING SHOULD BE PLEASURE AND NOT PAIN. DONT HAVE THE URGE TO TRADE EVERYDAY AND ALWAYS. WAIT FOR THE SIGNALS TO TRADE. IF YOU START TRADING RIGHT FROM THE OPENING BELL TO TILL THE END LOT OF MONEY WILL BE MADE – OFCOURSE, BY THE BROKER. MORE TRADING METHODS WILL BE GIVEN LATER.

DOWJONES ON WEDNESDAY OPENED LOWER AT 9027 AND WAS GRADUALLY FALLING THROUGHOUT THE DAY ON MIXED EARNING REPORTS AND ON GLOBAL ECONOMIC RECESSION CONCERNS.  DOW FELL BY 698 POINTS TO THE LOWEST LEVEL AT 8335 AND RECOVERED TO CLOSE AT 8519 LOSING 514 POINTS FOR THE DAY.  NO CHANGE OF TREND IN THE ASIAN MARKETS WITH ALL OF THEM FALLING LOWER AND NIKKEI IS DOWN BY 478 POINTS IN THE MORNING SESSION.

NIFTY FUTURE WAS DOWN RIGHT FROM THE OPEN WITH THE DAY`S HIGH AT 3195 AND FELL TO THE LOWEST LEVEL OF 3045, A NEW LOW FOR THE SETTLEMENT AND CLOSED NEAR AT 3058.

NIFTY FUTURE SUPP LEVELS 3000,2959,2855 RESIST 3160, 3195,3265. WE HAVE BEEN ADVISING ABOUT THE WEAKNESS IN THE NIFTY FOR MANY DAYS AND AGAIN SAY THAT NIFTY MAY BE HEADING FOR A LEVEL OF 2600 IN THE COMING DAYS. NIFTY FUTURE IS EXPECTED TO OPEN LOWER ON GLOBAL CUES.  BOTTOM FOR THE NIFTY IS STILL NOT VISIBLE AND WE SHALL ADVISE WHEN AS AND WHEN IT OCCURS.  NO STOCK CALLS FOR THE DAY DUE TO PAUCITY OF TIME.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in