Archive for November, 2008
INTRADAY CALLS – 01/12/08 -VIJAY
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DOW GAINS FOR THE FIFTH DAY AMIDST GLOOM
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DOW JONES GAINED CONTINUOUSLY FOR THE FIFTH DAY, PERCENTAGE
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WISE A RECORD FOR ,AMIDST UNENDING WOES. THE BLACK FRIDAY
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SALES WERE UNEXPECTEDLY HIGHER BY 3%, ALTHOUGH THE
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ECONOMIC DATA TO FLOW NEXT WEEK ARE EXPECTED TO BE BAD.
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NIFTY NOVEMBER FUTURE WAS RANGE BOUND ON THE POSTPONED
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SETTLEMENT DAY BETWEEN 2701 AND 2783 AND CLOSED AT 2755,
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HIGHER BY SIX POINTS FROM THE PREVIOUS CLOSE.
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DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN
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NIFTY SUPP LEVELS 2710,2640 RESIST 2815,2890. NIFTY MAY OPEN FLAT OR
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MARGINALLY HIGHER ON GLOBAL CUES. MR. CHIDAMBARAM MOVING
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FROM FINANCE AND THE P. M. TAKING OVER FROM MAY NOT HAVE BIG
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IMPACT ON THE MARKET UNDER THE PRESENT CIRCUMSTANCES. AVOID
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LONG BELOW 2640. WE ONCE AGAING ADVISE BOOKING PROFITS AT
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HIGHER LEVELS AS THIS MARKET IS STILL VULNERABLE AND THE FALL IS
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NOT OVER FOR THE MEDIUM TERM.
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OUR COLUMN WILL RESUME AFTER TWO DAYS
INTRADAY CALLS – 27/11/08 – VIJAY
GOVERNMENT SHOULD BAIL OUT THE COUNTRY FROM TERRORISM
AND THE MARKETS WILL TAKE CARE OF ITSELF
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DOW JONES GAINED FOR THE FOURTH DAY DESPITE THE FLOW OF WEAK ECONOMIC DATA ON PERSONAL SPENDING, NEW HOME SALES, UNEMPLOYMENT CLAIMS AND DURABLE GOODS ORDERS. DOW OPENEDÂ LOWER AND WENT DOWN BY 168 POINTS AT 8311 AND GRADUALLY RECOVERED TO CLOSE AT THE DAY`S HIGH AT 8726 GAINING 247 POINTS. THE BAIL OUT PACKAGE TO CITI BANK AND $600 BILLION PLAN TO SUPPORT HOUSING SAVED THE DAY FOR THE BULLS. ASIAN MARKETS ARE UP ON CHINA`S AGGRESIVE RATE CUTS AND NIKKEI IS UP BY 198 POINTS AT THIS TIME.
NIFTY FUTURE OPENED HIGHER AT 2680, TWICE TOUCHED THE LOW OF 2651 AND RALLIED TO 2780 ON SHORT COVERING AHEAD OF THE SETTLEMENT AND CLOSED AT 2760 GAINING 117 POINTS FROM THE PREVIOUS CLOSE.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN
NIFTY FUTURE SUPP LEVELS 2643,2580 RESIST 2760,2815, 2890. AVOID SHORT FOR THE DAY ABOVE 2760 AND NO LONG BELOW 2640. NIFTY FUTURE MAY OPEN LOWER ON COWARDLY TERROR ATTACKS ON MUMBAI AND THE EXTENT OF THE ATTACK ONCE IT UNFOLDS MAY WEIGH ON THE MARKETS IN THE SHORT TERM. WE ADVISE CAUTION AT HIGHER LEVELS. IT HAS BECOME RITUAL TO OFFER CONDOLENCES AFTER EVERY SUCH ATTACK AND THE BLATANT TRUTH IS WE DONT HAVE A DEFINITE PLAN TO PREVENT SUCH ATTACKS IN FUTURE ALSO.
INTRADAY CALLS – 25/11/08 – VIJAY
BAILOUTSÂ CAN SPUR SENTIMENTS, NOT FUNDAMENTALS
DOW JONES OPENED HIGHER ON CITI`S RESCUE PACKAGE AND RALLIEDÂ TO 8599 GAINING 553 POINTS AND LOSTÂ SOME OF THE GAINS ON PROFIT BOOKING AND CLOSED WITH THE GAIN OF 396 POINTS ATÂ 8443.
NIFTY FUTURE OPENED LOWER AND MOVED UP TO POSITIVE TERRITORY AT 2744, ONLY TO FALL TO THE DAY`S LOW OF 2633 AND RECOVRED TO CLOSE AT 2703 LOSING 27 POINTS ON A VOLATILE DAY.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN
NIFTY FUTURE SUPP 2643,2583, 2490 RESIST 2760,2815, 2890. NIFTY FUTURE WILL CONTINUE TO BE VOLATILE AHEAD OF SETTLEMENT. AVOID SHORT IF NIFTY STAYS ABOVE 2770 FOR THE DAY. NO LONG BELOW 2580. KEEP BOOKING PROFITS AT HIGHER LEVEL. DUE TO PAUCITY OF TIME NO STOCK CALL IS GIVEN. REGULAR STOCK LEVELS WILL BE GIVEN IN THREE DAYS.
INTRADAY CALLS – 24/11/08 – VIJAY
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  NIFTY UP ON SHORT COVERING
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NIFTY FUTURE OPENED LITTLE HIGHER AGAINST EXPECTATIONÂ AND ONLY ONCE DIPPED BELOW THE PREVIOUS CLOSE AND RALLIED TO THE DAY`S HIGH OF 2731 AND CLOSED NEAR IT GAINING 160 POINTS.
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NIFTY FUTURE SUPP LEVELS 2583, 2490 RESIST 2760, 2815, 2890. WE ADVISED AGAINST SHORT ABOVE 2590 ON FRIDAY. NIFTY WENT UP ON SHORT COVERING AND WE ADVISE CAUTION AT HIGHER LEVEL AS IT IS STILL NOT A REVERSAL. AVOID SHORT IF NIFTY STAYS ABOVE 2770. NO LONG BELOW 2580. LIQUIDITY MAY CONE DOWN IN THE COMING DAYS AND WE EXPECT MORE VOLATILITY.
DO NOT TRADE WITHOUT STOPLOSSÂ AND HEDGING IS THE ONLY WAY TO SUSTAIN IN THE MARKETS. REPLIES TOÂ VIJAY.CALLS@YAHOO.CO.IN
INTRADAY CALLS – 21/11/08
DOW(N) AND OUT
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DOW JONES WAS DOWN TO 7800 LEVELS AFTER OPENING ANDÂ MOVED IN TO THE POSITIVE TERRITORY ON AUTO INDUSTRY BAILOUT EXPECTATIONS, TOUCHING THE DAY`S HIGH OF 8187 IN THE Â AFTER NOON, GAINING 190 POINTS FROM PREVIOUS CLOSE.. DOW STARTED SLIDING FROM THERE TO THE DACADE LOW OF Â 7506 AND CLOSED ATÂ AN MULTI YEAR LOW OF 7552 LOSING 444 POINTS. INITIAL JOBLESS CLAIMSÂ FOR THE WEEK ENDED NOV 15 SCALED TO A NEW HIGH OF 542000, SENDING THE MARKETSÂ DOWNÂ FOR THE FOURTH DAYÂ IN THE LAST FIVE DAYS. CRUDE AND OTHER COMMODITIES, WITH THE EXCEPTION OF GOLD, ARE FALLING TO NEW LOWS. ASIAN MARKETS ARE AS USUAL AND NIKKEI IS DOWN BY 224 POINTS AT THIS TIME.
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NIFTY FUTURE YESTERDAY OPENED LOWER AT 2515, WENT DOWN FURTHER TO 2495 AND GRADUALLY RECOVERED ON SHORT COVERING TO THE HIGH OF 2575 AND CLOSED AT 2570 LOSING 39 POINTS FROM PREVIOUS CLOSE.
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DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN
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NIFTY FUTURE SUPP 2490,2360 RESIST 2583, 2760. NIFTY FUTURE MAY OPEN LOWER AGAIN ON FOLLOW UP. AVOID SHORT ABOVE 2590 FOR THE DAY. JUST AS DOW JONES NIFTY MAY ALSO BE HEADING FOR NEW LOWS IN THE COMING DAYS. MARKETS ARE AND WILL BE VOLATILE. NEVER CARRY A POSITION WITHOUT HEDGING. DUE TO PAUCITY OF TIME NO STOCK CALL TODAY. HAVE A GOOD DAY.
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